Investing in projects on a global creative crowdfunding platform, whether supporting creative projects or participating in crowdfunding activities, involves certain risks. To make more informed investment decisions, we recommend that you carefully read the following risk warnings before participating in any crowdfunding project:
1.Project Risks
Crowdfunding projects are typically in the early stages and carry a high level of uncertainty. Projects may experience delays, failure to meet targets, or even complete failure due to factors such as technical challenges, insufficient market demand, or weak team execution. Please make sure to thoroughly understand each project's background and objectives before making a rational investment decision.
2.Funding Security Risk
During the project support phase, the funds you donate or invest are not directly used to purchase products or services, but rather to support the project in achieving its goals. Therefore, the use of project funds and the fulfillment of commitments are not related to the platform, and we cannot take responsibility for the project's financial operations or fund security. We recommend that you thoroughly understand the credibility and history of the project before participating.
3. Product Delivery Risk
The core of crowdfunding projects is usually the commitment to deliver products or services. Due to various factors such as production, logistics, and technology, the delivery timeline of promised products may change or be delayed. When supporting a project, please maintain realistic expectations and understand that the project may be affected by uncontrollable factors.
4. Market and Industry Risk
Some creative projects may face challenges from external factors such as insufficient market demand, intense competition, and changes in industry policies. These factors may lead to the project failing to be completed smoothly or unable to achieve profitability. Therefore, market uncertainty and industry changes are risks that cannot be overlooked.
5. Legal and Compliance Risk
Crowdfunding projects may involve legal regulations from different countries and regions. Project initiators may face legal disputes if they fail to comply with relevant laws. We recommend that you check the legal compliance of the project in its location before supporting it to avoid risks from non-compliant projects.
6. Investment Return Uncertainty
Crowdfunding support is not the same as investing in the stock market or venture capital, and the projects you support are not set up with the goal of providing financial returns. Please be fully aware that participating in crowdfunding activities may not yield the expected returns and may even involve the risk of investment loss.
7. Limitation of Liability
This platform serves as a crowdfunding service platform, providing technical support and platform services. However, we do not take responsibility for the project's operational status, progress, or product quality. We encourage investors to make independent and rational decisions and take responsibility for their investments.
Friendly Reminder
Rational Investment: Crowdfunding is a high-risk investment method, and funds should be invested based on thorough understanding and consideration. Do not invest more than you can afford to lose.
Cautious Evaluation: Before participating in any crowdfunding activity, it is recommended that you thoroughly understand the project's background information, goals, and team capabilities, and actively communicate with the project team to ensure a full understanding of the risks.
Regulatory Authorities: This platform collaborates with multiple regulatory bodies globally to provide a transparent and fair crowdfunding environment. However, we still recommend that you pay attention to the compliance of both the platform and the project team to ensure the legality of your investment.
Complaints and Feedback
If you have any questions, complaints, or feedback regarding any crowdfunding project or platform services, please feel free to contact us at any time. We are committed to addressing every piece of feedback carefully and taking appropriate actions promptly:
Complaint Email: [email protected]
We value the voice of every user and will conduct necessary investigations and improvements based on your feedback, ensuring the platform's transparency and the protection of users' legal rights.
Our Handling Process
The Trust & Safety Team will thoroughly review the received reports and determine the actions to be taken based on the platform's rules and terms of use.
If a project is found to violate the rules, we will take appropriate actions based on the severity of the violation, including but not limited to: warnings, project suspension, disqualification, or project deletion.
We reserve the final decision-making authority on reviewing and handling any projects that violate the rules.
We hope that every supporter will maintain rational judgment and make wise decisions when participating in global creative crowdfunding projects. On the SOSST crowdfunding platform, your support will serve as the driving force for bringing creativity to life. However, we also hope that, while supporting creativity, you fully understand the potential risks and are prepared accordingly. Thank you for your understanding and support!
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