Legal Disclosure

Provision of Services

EVX Holdings US LLC, dba Everex, is the licensed operator of Everex E-Wallet software and is authorized to operate in the State of New Jersey, under the Money Transmitter Act LIC# 1903909 C22". EVX Holdings US LLC may only transact business in those states in which is it registered. Digital assets represented in Everex E-Wallet, is a digital representation of value and function as a medium of exchange, unit of stored value, but does not have legal tender status. Digital assets are often times exchanged for various international fiat currencies. However, they are not backed or supported by any government or central bank. Stablecoins are backed by underlying assets, which may be regulated by jurisdictional central banks. Stablecoins are not covered by FDIC or SPIC insurance. Stablecoins have an underlying layer of counterparty risk, aside of from the financial institution holding the stable asset in custody. EVX Holdings US LLC, assumes no responsibility for related underlying counterparty risk or liability. Legislative and the evolving regulatory environment may impact actions at the state, federal, or international level and may adversely affect the use, transfer, exchange, and value digital assets.

EVX Holdings US LLC, suggest that investors should conduct extensive research and seek the advice from a registered financial professional. Several federal agencies have also published advisory documents surrounding the risks of virtual currency. For more information see, the CFPB’s Consumer Advisory, the CFTC’s Customer Advisory, the SEC’s Investor Alert, and FINRA’s Investor Alert.

EVX Holdings US LLC is not a bank and no digital assets you deposit using Everex E-Wallet website and/or mobile app will be stored at a bank. Funds supplied to integrated lending protocols using Everex E-Wallet website and/or mobile app are not insured by the Federal Deposit Insurance Corporation (FDIC).

Access to Decentralized Finance (DeFI) Lending Protocols

APYs (Annual Percentage Yields) provided on Everex E-Wallet website and/or mobile app are variable and change frequently based on supply and demand for the underlying Stablecoins within integrated decentralized lending protocols. Everex does not set, control or profits from advertised interest rates. APYs displayed on Everex E-Wallet website and/or mobile app is provided in real-time, for informational purposes only, and is actual only for the time of viewing. The actual lending protocol displayed interest rates may be lower or higher than actually shown on Everex E-Wallet website and/or mobile app.

Everex E-Wallet is a digital asset management service that allows US residents of the State and New Jersey to conduct services related to facilitation of payments using Stablecoins and services related to supply of funds into the integrated decentralized lending protocols. Everex E-Wallet is a software and service developed by EVX Holdings Ltd. Pte. and provided to EVX Holdings, US LLC under licensing and service provider agreements.

You could lose money by accessing yields through the Everex E-Wallet website and/or mobile app. Although the integrated lending protocol(s) that Everex E-Wallet website and/or mobile app provides access to is overcollateralized and monitored by third parties for liquidations in real-time, neither Everex or integrated lending protocols can guarantee it will be monitored in the future. It is possible that integrated lending protocol(s) will not have enough liquidity at a time of withdrawal if the borrowing demand becomes high or for other reasons.