Risk disclosures
Read this before you use XityCoin The state does not promise that XityCoin is risk-free It promises to disclose the risks honestly
Bank funding and redemption are not connected Development balances are not verified SGD reserves
The chain currently operates in single-validator mode A coordinated outage would halt new transactions until the operator recovers
Custody of the reserve carries inherent risk The Constitution mandates multi-jurisdiction fragmentation and multi-signature controls, but these arrangements are not yet fully operational
The financial governance bodies established by the Constitution (XFCB, XFBA) are not yet constituted Until they are, the currency operates under the founding authority
The regulatory treatment of digital currencies varies by jurisdiction Users must understand their own obligations before transacting
Any software may contain defects The chain is under active development
What the operator commits to
No design eliminates all risk What the operator commits to is honest disclosure when something does go wrong