📃
Whitepaper
  • Abstract
  • Introduction
    • Blockchain Technology
    • Cryptocurrency
    • Decentralized Finance
    • Auction
  • The DefiBids Platform
  • Marketing Plan
    • Viral Marketing
    • Online & Social Media Marketing
    • Influencer Marketing
    • Email Marketing
    • Press release
    • Referral program
  • Tokenomics
    • Staking Rewards
    • Transaction Rewards
    • Deflationary Model
  • Conclusion
  • Legal Notice
    • Knowledge Required
    • Important Disclaimer
    • Representation and Warranties
  • Risks
    • Regulatory Risks
    • Competition Risks
    • Risk of Talent Loss
    • Risk of Development Failure as a Result of Fund Shortage
    • Risk of Private Key Loss
    • Risk of Hacking or Theft
    • Risk of Absence of Loss Insurance
    • Risks of Core Protocols
    • System Risk
    • Risks as a Result of Bugs or Cryptography Development
    • Risks of Insufficient Interest
    • Risk of Poor Reception or User Shortage
    • Risk of Platform Defect
    • Other Unpredictable Risks
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  1. Risks

Risk of Absence of Loss Insurance

Unlike bank accounts or accounts with other financial institutions, BIDs or related blockchain networks are generally with no insurance guarantee. For any loss under any conditions, no public individual or public entity will offer insurance.

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Last updated 1 year ago