1. Preliminary Note.

Before you decide to register with SANUSLIFE ADMINISTRATION AG, Lindenstrasse 8, CH-6340 Baar (ZG) (hereinafter: SANUSLIFE) and to buy, sell, or receive SANUSCOIN as commissions or bonuses, you are required to read the following risk disclosures and accept them as an integral part of the Terms of Use for cryptocurrencies.

Your contractual relationship with SANUSLIFE is governed by the Swiss Federal Act supplementing the Swiss Civil Code (Part Five: Code of Obligations) of March 30, 1911 (SR 220).

2. Cryptocurrencies Are Highly Volatile.

You expressly acknowledge and agree that you are fully aware of and have been sufficiently informed and advised that the cryptocurrency market is characterized by a high degree of VOLATILITY, that this market is EXTREMELY SPECULATIVE, and that owning or trading cryptocurrencies involves a significant risk of loss, which can lead to a substantial decrease in value within a very short time and, in the worst case, to a TOTAL LOSS of the value of the cryptocurrencies in your possession.

3. No Representations, Guarantees, or Promises.

You expressly acknowledge and agree that, beyond the contractual provisions of the purchase agreement, you do not receive any representations, guarantees, or promises of any kind from SANUSLIFE regarding profit expectations, value developments, or any other returns in connection with cryptocurrencies.

4. Disclosure.

You expressly acknowledge and agree, especially prior to concluding a purchase agreement, that you are a person with business experience in the field of cryptocurrencies and their economic use, and that:

1. you fully understand and are willing to bear the economic, legal, tax-related, and other risks associated with the cryptocurrencies in your possession;
2. considering your personal financial situation, financial resources, lifestyle, and monetary obligations, you are financially capable of bearing the loss of your entire expenditures related to the contractual services provided by SANUSLIFE, without such a total loss of the value of your cryptocurrencies placing a significant burden on your financial well-being;
3. you have knowledge of the respective cryptocurrency and the value-determining factors of the cryptocurrencies you hold.
    

5. No Advice.

You expressly acknowledge and agree that SANUSLIFE does not provide you with any advice regarding cryptocurrencies or cryptocurrency markets.

6. Country-Specific Authorization of Cryptocurrencies.

You expressly acknowledge and agree that, under the laws, regulatory interpretations, or jurisdiction applicable to you in your country, the acquisition, possession, or trading of cryptocurrencies may be either prohibited or only legally permitted with specific authorization. You are solely responsible for ensuring that the use and application of SANUSLIFE’s services are lawful under the legal framework applicable to you.

7. Unauthorized Statements.

You expressly acknowledge and agree that any false or speculative statements, forecasts, or promotion of SANUSLIFE’s services or SANUSCOIN as an asset, currency, or financial investment—if used unlawfully by third parties to promote the distribution and use of SANUSLIFE’s services—are false and illegal. Such actions are strictly prohibited, must also be refrained from by you, and any violation will be subject to legal action.

8. Statements by Third Parties.

You expressly acknowledge and agree that SANUSLIFE disclaims and does not endorse any statements made by third parties regarding its services. SANUSLIFE advises its customers not to rely on third-party statements—whether positive or negative—concerning SANUSLIFE’s services or the ownership or trading of cryptocurrencies.

9. Exclusion of Desired Success Claims.

SANUSLIFE is not liable for the achievement of any desired success that the customer or their clients may expect to attain through the use of its services.

10. Unilateral Termination of the Contractual Relationship.

You expressly acknowledge and agree that, based on the provisions outlined in section (6), SANUSLIFE is entitled to restrict or discontinue its services in whole or in part for specific markets at any time without prior notice. In the event of such discontinuation, SANUSLIFE may terminate the contractual relationship with you without notice and with immediate effect.

11. Modification of Booking Values.

Booking values in the app can be recorded either automatically or manually. SANUSLIFE assumes liability for all automatic bookings. For all manual bookings or changes made by you, you expressly acknowledge and agree that you are solely and entirely responsible. SANUSLIFE disclaims any liability for manual modifications made by you.

12. Return Calculator with Profit and Loss Calculation.

You expressly acknowledge and agree that all values displayed under “Unrealized Return” are based on average values and are therefore not definitive. Furthermore, you acknowledge and agree that profits or losses may occur at any time from this point forward.

13. Profit and Loss Calculation Using the LIFO Method.

You expressly acknowledge and agree that all profit and loss calculations are carried out using the LIFO method. This calculation method follows the “LAST-IN-FIRST-OUT” principle, meaning that the most recently acquired crypto coins are the first to be sold. The corresponding profit or loss is documented in the account statement and serves as the basis for submission to the tax authorities.

14. Accounting Method May Be Rejected.

Please note that the LIFO method is not recognized in all countries. You expressly acknowledge and agree that it is your responsibility to inform yourself at your local tax office about the applicable accounting method for your crypto gains and losses. You must prepare and submit the documentation of your wallet transactions according to the method required by the legislation in your country.

15. 100% Crypto-Based Transactions.

You expressly acknowledge and agree that all values in the wallets provided to you within the app are processed exclusively in cryptocurrency.

16. Cryptocurrency Ownership Declaration.

You expressly acknowledge and agree that you are responsible for declaring the ownership of your cryptocurrencies to the tax authorities, provided that the legislation in your country requires such a declaration.

17. Taxation of Crypto Gains.

Since the purchase and sale of cryptocurrencies are generally subject to tax legislation, each cryptocurrency wallet integrated into the app is equipped with a function to generate account statements for submission to the tax authorities and for paying the applicable taxes. You expressly acknowledge and agree that it is your sole responsibility to handle the taxation of any crypto gains in accordance with the legislation of your country. SANUSLIFE disclaims any liability for sanctions imposed on you by authorities due to unpaid capital gains taxes.

18. Additional Costs.

You expressly acknowledge and agree that the taxation of gains may result in additional costs, which you must bear entirely yourself. These additional costs may, for example, be imposed by the tax authorities. In any case, they may also arise if you choose to consult a tax advisor to handle the taxation of your gains as a paid service.