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AXIS MARKET · LEGAL

Risk Disclosure

Last updated: April 11, 2026

Important: Trading API Shares involves significant risk. The value of your holdings can go up or down. You may lose some or all of the money you invest. Do not trade with funds you cannot afford to lose.

1. Important Notice

THIS RISK DISCLOSURE STATEMENT IS NOT EXHAUSTIVE. IT HIGHLIGHTS CERTAIN RISKS ASSOCIATED WITH USING THE AXIS MARKET PLATFORM. YOU SHOULD CAREFULLY READ AND UNDERSTAND THIS DISCLOSURE BEFORE TRADING. IF YOU DO NOT UNDERSTAND ANY PART OF THIS DISCLOSURE, SEEK INDEPENDENT FINANCIAL ADVICE.

2. Nature of API Market Assets

AXIS MARKET allows trading of API Shares — tokenized representations of AI application programming interfaces. These are not equity securities, commodities, or any regulated financial instrument. API Shares do not represent ownership in any company, claim on assets or earnings, or voting rights. They are utility assets whose value is derived from usage metrics, developer adoption, service quality, and market sentiment.

The value of API Shares may be volatile and speculative. You may lose some or all of the value of your holdings.

3. Market Volatility Risk

The prices of API Shares can fluctuate significantly in short periods. Factors driving volatility include: changes in underlying API usage or pricing by providers; developer community adoption trends; security incidents, outages, or rate-limit changes; competitive landscape shifts; regulatory announcements affecting AI industries; and general macroeconomic conditions.

Past price performance is not indicative of future results. AXIS MARKET makes no representations about the future price of any listed asset.

4. Liquidity Risk

Not all API Shares may be easily tradable at any given time. Thin order books, low trading volume, or market disruptions may result in your inability to execute trades at desired prices or at all. In extreme conditions, trading in specific assets may be halted or suspended at AXIS MARKET's discretion.

5. Technology and System Risk

The Platform relies on technology infrastructure including cloud services, databases, pricing algorithms (AXIOM), and real-time data feeds. System failures, data errors, connectivity disruptions, or cyberattacks may affect your ability to trade, view accurate prices, or access your account. AXIS MARKET is not liable for losses resulting from technical failures beyond our reasonable control.

The AXIOM pricing engine computes API Share prices based on a weighted scoring model. This model may produce prices that differ materially from what you expect.

6. Regulatory and Legal Risk

The regulatory landscape for AI economy assets, digital exchange platforms, and tokenized financial instruments is evolving. Future regulatory changes at the federal, state, or international level may affect the legality, tax treatment, or operational status of AXIS MARKET. We cannot guarantee that the Platform will remain available in all jurisdictions.

AXIS MARKET is not registered as a broker-dealer, investment adviser, or exchange with any regulatory authority. Nothing on the Platform constitutes investment advice, financial advice, or a solicitation to buy or sell any asset.

7. Counterparty and Settlement Risk

Trades executed on AXIS MARKET are matched within the Platform. Settlement of trades depends on Platform infrastructure and available user balances. AXIS MARKET does not currently employ an independent clearinghouse. In the event of Platform insolvency or operational failure, you may not be able to recover the full value of your account.

8. No Investment Advice

AXIS MARKET does not provide investment, financial, legal, or tax advice. The AXIS Score, AXIOM pricing metrics, Intelligence articles, and all other Platform content are provided solely for informational purposes. Any investment decision you make is solely your own responsibility. You should consult qualified professionals before making financial decisions.

9. Simulated Trading Environment

Unless explicitly designated as live trading, all transactions on AXIS MARKET are paper trades conducted in a simulated environment. Simulated trading performance is not indicative of real trading results. Conditions in a simulated environment do not replicate real market conditions, including real costs, liquidity constraints, and execution slippage.

10. Acknowledgment

By using AXIS MARKET, you acknowledge that you have read and understood this Risk Disclosure, that you are aware of the risks associated with using the Platform, and that you assume full responsibility for your trading decisions and any resulting gains or losses.

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