Informative Risk Notice and Liquidation for Margin Trading on Venkate.io

Dear Venkaters,

In order to safeguard the platform and user funds,VENKATE will execute a forced liquidation measure every day at xx:xx (UTC). This measure will involve the forced liquidation of all users holding margin trading positions, and the return of borrowed funds.

Forced liquidation is a market risk management measure aimed at reducing potential losses from margin trading. Margin trading carries a high level of risk and may result in losses exceeding your initial investment. Please note that market fluctuations, changes in liquidity, and other factors may significantly impact margin positions. Therefore, we recommend that you fully understand the associated risks before engaging in margin trading and make decisions accordingly based on your risk tolerance.

While emphasizing the risks involved, we advise users to close positions at appropriate times to mitigate potential losses from market fluctuations. Please be aware that forced liquidation will be executed at market prices, which may result in certain losses for users. Therefore, you may incur losses during the forced liquidation process, for which we cannot provide compensation or accept responsibility.

We urge you to carefully consider and understand the associated risks, and to bear the risks and responsibilities of trading on your own. If you have any questions or need further assistance, please feel free to contact our customer service team at any time.

Thank you for your support!

Venkate Team

VENKATE reserves the right, at its discretion, to change, modify, or remove portions of the announcement at any time by posting the amended version on the website.