Effective Date: 03/05/2025
Centrix (CLC) is a cryptocurrency that allows users to send and receive $CLC. However, Centrix does not facilitate buying or selling $CLC directly, as we are not an exchange platform. While $CLC can be traded on third-party exchanges, Centrix does not control or manage liquidity, market pricing, or transaction execution on these exchanges. This Liquidity and Market Risk Disclosure is designed to inform users of the potential risks involved in trading $CLC, particularly regarding liquidity challenges, price fluctuations, and market depth when trading on third-party exchanges.
By interacting with Centrix (CLC) and trading $CLC on external exchanges, you acknowledge and accept the risks outlined in this disclosure.
1. Liquidity Risk on Third-Party Exchanges
Market Depth: The liquidity of $CLC on external exchanges may fluctuate significantly. When trading on these platforms, users may face limited buy and sell orders, which can cause large price movements. The market depth on an exchange refers to the number of orders at various price levels, and low market depth can lead to slippage, where the price at which you execute a trade may differ from your expected price.
Slippage: When liquidity is low, there is a risk of slippage, meaning the price of $CLC may change between the time you place your order and when it is executed. This is particularly relevant for large trades or during periods of low trading volume.
Price Impact: Due to limited liquidity, even smaller orders relative to the overall market may impact the price of $CLC, causing you to buy or sell at a price different from what you anticipated.
2. Market Risk and Price Fluctuations
Price Volatility: As with all cryptocurrencies, $CLC is subject to high volatility. The price of $CLC can change rapidly due to factors such as market sentiment, news, and macroeconomic events. Users should be prepared for substantial price fluctuations and understand that the value of $CLC may increase or decrease unexpectedly.
External Market Factors: The price of $CLC is influenced by external market forces, including market trends in the broader cryptocurrency space, regulatory news, or technological developments. These factors can cause price shifts across different exchanges where $CLC is traded.
No Control Over External Exchanges: Centrix does not control the market conditions, liquidity, or prices on third-party exchanges. As a result, the price of $CLC on these platforms may vary, and Centrix is not responsible for these fluctuations.
3. Sending and Receiving $CLC
Centrix allows users to send and receive $CLC between wallets. However, as Centrix is not an exchange platform, it does not facilitate the buying or selling of $CLC directly. If you wish to buy or sell $CLC, you must do so through third-party exchanges where $CLC is listed. Centrix provides no guarantees regarding the liquidity, price stability, or execution of transactions on those exchanges.
4. Risks of Trading $CLC on Third-Party Exchanges
Market Listings and Liquidity: The liquidity of $CLC depends on where it is listed and the activity on those exchanges. On exchanges with low trading volume or fewer market participants, liquidity may be limited, and users may face challenges executing trades at favorable prices.
Variation in Prices Across Exchanges: $CLC may be listed on different exchanges, each with varying liquidity levels and price differences. The price of $CLC can fluctuate between exchanges based on market demand and supply conditions. Centrix has no control over the pricing or liquidity on these third-party exchanges.
Exchange-Specific Risks: Centrix is not responsible for the operations, reliability, or security of third-party exchanges. Users should perform their own due diligence before using any exchange to trade $CLC.
5. Price Risk and Volatility
No Guarantee of Price Stability: The price of $CLC can be highly volatile, and Centrix does not guarantee that $CLC will maintain a stable price. Prices may fluctuate dramatically due to investor behavior, market events, or changes in the broader cryptocurrency landscape.
Market Events and Sentiment: Cryptocurrencies like $CLC are sensitive to news and market sentiment. A change in market conditions or investor sentiment can cause rapid price changes, which may not be predictable.
6. No Guarantee of Liquidity
External Liquidity Conditions: Centrix does not provide liquidity for $CLC trading on third-party exchanges. The availability of liquidity on those platforms depends on external market factors, including trading volume and the number of market participants. If liquidity is low, you may encounter delays in executing trades or experience higher slippage.
Limited Control Over Liquidity: Centrix cannot influence or control the liquidity on exchanges where $CLC is listed. Users should be aware that trading in a low-liquidity market may result in less favorable conditions for buying or selling $CLC.
7. Managing Market and Liquidity Risks
Centrix (CLC) encourages users to carefully evaluate market conditions and risks when trading $CLC on third-party exchanges:
Use Limit Orders: To reduce the risk of slippage and price fluctuations, users are advised to use limit orders where possible. This allows you to set a specific price at which to buy or sell $CLC, offering more control over trade execution.
Monitor Market Trends: Keep track of market developments that may affect the price and liquidity of $CLC. Stay informed about any news, regulatory changes, or events that could impact the broader cryptocurrency market.
Be Prepared for Volatility: Understand that cryptocurrency markets are highly volatile, and prices can fluctuate rapidly. Manage your exposure and risk accordingly, especially if engaging in large trades.
8. Disclaimer of Liability
Centrix (CLC) is not responsible for the price fluctuations, liquidity, or trading risks associated with $CLC on third-party exchanges. By trading $CLC, users acknowledge that Centrix (CLC) is not liable for any losses, damages, or other adverse outcomes resulting from trading on third-party platforms.
9. Changes to the Liquidity and Market Risk Disclosure
Centrix (CLC) reserves the right to update or modify this Liquidity and Market Risk Disclosure (L&MR Disclosure) at any time. Any changes will be posted on this page, and the “Effective Date” at the top of this disclosure will be updated accordingly. We encourage users to review this disclosure periodically to stay informed of potential risks related to liquidity and market conditions.
By using Centrix (CLC) and interacting with $CLC, you acknowledge and accept the risks outlined in this Liquidity and Market Risk Disclosure (L&MR Disclosure). Please carefully consider these risks before making any decisions related to trading $CLC on third-party exchanges.
