Disclaimers
No Advice and No Warranty
The information, opinions, views, or materials posted on or made available through the Ledn Platform provided by Ledn Cayman SEZC Inc. (“Ledn”), social media, podcast, or any other medium containing content provided by Ledn (the “Materials”) are intended for general information, discussion, or educational purposes only and are not to be construed or relied upon as constituting legal, financial, investment, accounting, tax, estate-planning, or other professional advice or recommendation. Any reliance on the Materials is done at your own risk.
Ledn is not acting as a broker, intermediary, agent, or advisor and has no fiduciary relationship or obligation to you in connection with your activities on the Ledn Platform. You are solely responsible for determining whether any investment, strategy, or transaction is appropriate for you according to your personal objectives, financial circumstances, and risk tolerance. You should consult legal, tax, and other professional advisors regarding your specific situation before making the decision to buy, sell or hold any Digital Asset or to use any Ledn products or services. You are solely responsible for all outcomes that result from such decisions.
The Materials are not intended to be relied upon as a forecast or as research or investment advice and are not a recommendation, offer, solicitation, or encouragement to buy or sell any digital assets or to adopt any investment strategy in any jurisdiction. The Materials are not directed to, and are not intended for distribution to, or use by, any person or entity in any jurisdiction where such distribution, publication, availability or use would be contrary to applicable laws or that would subject Ledn to any registration or licensing requirement. The Materials are expressly not for distribution or dissemination in, and no Ledn product or service is being marketed or offered to residents of the European Union, United Kingdom, United States of America, or Canada and such product or service may only be marketed or offered in such jurisdictions pursuant to applicable laws or reliance on regulatory exemptions.
The Materials may contain views or opinions expressed by an author that may have a material connection to Ledn. The views or opinions of such author are provided only as a general source of information and do not necessarily reflect the views of Ledn as a whole, its directors, officers, employees, or shareholders.
The information, views and opinions in the Materials have been obtained from sources that we believe to be reliable as of the date of publication. However, we do not represent or warrant that such information is accurate or complete. The Materials are provided “as is” and Ledn expressly disclaims all liability and all warranties of accuracy, completeness, merchantability or fitness for a particular purpose with respect to the Materials.
Forward-looking statements
The Materials may contain forward-looking statements. Forward-looking statements are statements that are predictive in nature, depend upon or refer to future events or conditions, or that include words such as “may,” “will,” “should,” “could,” “expect,” “anticipate,” “intend,” “plan,” “believe,” or “estimate,” or other similar expressions. Statements that look forward in time or include anything other than historical information are subject to risks and uncertainties, and actual results, actions or events could differ materially from those set forth in the forward-looking statements. Forward-looking statements are not guarantees of future performance and are by their nature based upon numerous assumptions. Therefore, you should not rely on any of these forward-looking statements when making investment decisions. Unless required by applicable law, Ledn does not undertake, and specifically disclaims any intention or obligation, to update or revise forward-looking statements, whether as a result of new information, future events or otherwise.
Proof of Reserves
There are no formally accepted rules of procedures that define a proof of reserves attestation. Ledn periodically engages an independent accounting firm to perform an attest engagement under standards set forth by the American Institute for Certified Public Accountants and to issue an Independent Accountant’s Report on Agreed-Upon Procedures. These reports include specific procedures performed by such firm as of a specified point in time as well as their findings.
Interest Rates
The Growth Account interest rates, which may be tiered, are shown on an annual percentage yield (APY) basis and may be updated monthly. The APY represents the actual return that would be earned if the principal digital asset balance and the monthly interest payments were maintained in a Growth Account over a one-year period and such APY remained the same for the entire period. The Growth Account interest rates are not equivalent or similar to benchmark interest rates observed in the traditional financial market for bank deposit accounts.
Annual Percentage Rates
The annual percentage rate (APR) refers to the finance charge that a borrower pays on a loan on a yearly basis. The APR is expressed as a percentage that represents the actual yearly cost of borrowing over the term of a loan. This cost of borrowing includes the interest expense on the loan and any additional cost involved in procuring the loan, such as an administration fee, if applicable. The APR does not take any compounding into consideration. The APR provides borrowers with a percentage number that they can use to compare loan products in the market.
Ledn’s APRs are subject to change and may vary based on the type of loan a borrower takes out, the principal amount requested, and the borrower’s jurisdiction of residence. For example, on a loan with a $2,000 principal amount, an annual interest rate of 10.9% and a $40 administration fee (which equals to 2% of the loan principal amount), the APR is 12.9%.
No Insurance
Digital assets are not legal tender and are not backed by any government. The Growth Account is not a bank account and is not subject to any government deposit insurance, investor protection funds, or similar schemes.
Testimonials and Endorsements
Testimonials and endorsements by clients or other parties with a material connection to Ledn may not be representative of the experience of other clients and are not guarantees of future performance or success.
Podcast
Unless specifically stated otherwise, Ledn does not endorse, approve, recommend, or certify any third-party information, product, process, service, or organization presented or mentioned in any podcast controlled by Ledn, and no information from such podcast should be referenced in any way to imply such approval or endorsement. Any third-party materials or websites referenced in the podcast do not necessarily reflect the opinions, standards or policies of Ledn. Ledn assumes no responsibility or liability for the accuracy, completeness or compliance with applicable laws of any such third-party materials or websites referenced in the podcast.
Airdrops
A Digital Asset network may attempt to or does distribute additional Digital Assets to or through its digital asset network. Ledn does not support airdrops or tokens or coins which supplement or interact with a Digital Asset network supported by Ledn. You shall not use your Ledn Account or any of Ledn’s products and services to attempt to receive, request, send, store, or engage in any other type of transaction involving airdrops or tokens or coins which supplement or interact with a Digital Asset network supported by Ledn. You will not be able to retrieve any unsupported Digital Asset. Ledn assumes no liability, obligation or responsibility whatsoever in respect to any unsupported Digital Asset.