Risk disclosure

Tokens on raid are highly speculative. Their price can fall to zero, you may not be able to sell, and transactions cannot be reversed. Only use money you can afford to lose completely. Nothing on raid is investment advice.

• Volatility: prices of new tokens can move sharply in seconds, in either direction.
• Total loss: most new tokens lose most or all of their value.
• Liquidity: on a curve you can only sell back into the curve; after graduation, selling depends on the depth of the Stellar DEX pool. There may be no buyer at the price you want.
• Slippage: the price can change between review and confirmation; a low slippage setting can make a trade fail, a high one can fill at a worse price.

• A curve prices a token from how much of it has been sold: early buyers pay less, and sells move the price down along the same curve.
• A token graduates to the Stellar DEX only if its curve sells out. Many never do.
• Graduation locks the token’s DEX liquidity, but it does not stop holders, including the creator, from selling their tokens.

Anyone can launch a token. raid shows ownership facts such as creator holdings, vesting, holder concentration and whether the creator has sold, as data. These facts do not mean a token is safe, legitimate or valuable, and a few large holders selling can move the price a lot. Beware of tokens that copy the names or images of other projects or people.

• Smart contracts: curves and launches run as contracts on Stellar. Contracts can contain bugs or behave unexpectedly.
• The network: Stellar can be congested, change, or be unavailable, which can delay or fail transactions.
• Irreversible transactions: a trade, send or withdrawal to a wrong address or amount cannot be recovered.
• Third parties: raid depends on services such as its wallet provider and network servers; an outage there can stop you from using raid for a time.

Anyone who gets into your login email or Google or Apple account may be able to use your wallet. Turn on the authenticator app and passkeys in Settings, keep your devices secure, and never share codes. raid staff will never ask for your codes.

Theses, leaderboards and copy alerts show what other people say and do. Past results don’t predict future ones, people can post to move a price in their favour, and copying a trade means taking the same risk with your own money. raid never trades for you: you confirm every trade.

Rules for crypto assets differ by country and change over time; a change could affect whether you can use raid or trade a token. You are responsible for any tax on your trades.

While raid runs on Stellar’s test network, tokens and XLM there have no real value and the network may be reset.