risk disclosure statement
Last Updated: Jun 8, 2025
johi ("johi," "we," "us," or "our") is developing an innovative mobile banking application and creator community platform that combines traditional financial services with blockchain technology and decentralized finance (DeFi) protocols. Our current services include the Johi Creative Club subscription service, and we are building toward launching a comprehensive banking application that will provide creators and users with access to high-yield DeFi instruments, cross-border payments, and creator funding mechanisms.
Our objective is to create a user-friendly financial ecosystem that bridges traditional banking with decentralized finance, while supporting the global creator economy through innovative funding and networking solutions. The platform is designed to hide technical complexity from users while providing access to sophisticated financial tools and creator networking opportunities.
Before engaging with johi services, whether by subscribing to the Creative Club, participating in our early access programs, or using our future banking application, you should carefully read the following information to fully understand our objectives and associated risks. Our services are intended only for informed users above the applicable legal age (18+) who can accept potential benefits and related risks. Our services are provided on an "as is" basis, without warranties. Further important disclaimers and legal liabilities are detailed in our Terms of Service.
Service Development and Technology Risks
Early Stage Development
johi's banking application and blockchain infrastructure are currently in development. The platform represents experimental technology combining traditional banking services with DeFi protocols and blockchain technology. Significant functionality described in our roadmap may not be available immediately and could change substantially during development.
The timeline for launching our full banking application is subject to change based on development challenges, regulatory requirements, and market conditions. Users who support our development through Creative Club subscriptions or early access programs should understand that projected launch dates are estimates and may be delayed.
Blockchain and DeFi Technology Risks
Our planned banking application will utilize blockchain technology and DeFi protocols to provide high-yield savings accounts and other financial services. These technologies are experimental and may contain flaws or fail to operate as intended. Blockchain networks can experience:
Network congestion leading to delayed transactions
Smart contract vulnerabilities that could result in loss of funds
Protocol failures or exploits affecting connected DeFi services
Scalability limitations impacting user experience
DeFi protocols that we integrate with are managed by third parties and may change their terms, cease operations, or experience security breaches beyond our control. The yields advertised for our Johi Circle (5-12% annually) are estimates based on current DeFi market conditions and are not guaranteed.
Technical Implementation Risks
The complexity of combining user-friendly interfaces with blockchain technology creates technical risks including:
Integration failures between traditional banking and blockchain components
User interface bugs that could affect fund access or transaction processing
Data synchronization issues between centralized and decentralized components
Security vulnerabilities in our custom software implementations
Financial and Market Risks
Cryptocurrency and Stablecoin Risks
Our banking application will use stablecoins (primarily USDT) to provide stability and access to DeFi yields. Despite being designed for stability, stablecoins carry risks including:
Depegging events where stablecoins lose their intended value relative to fiat currency
Regulatory challenges that could affect stablecoin availability or legality
Issuer risks related to the entities that create and back stablecoins
Liquidity risks in extreme market conditions
DeFi Yield Risks
The high yields offered through our Johi Circle depend on DeFi protocols that involve significant risks:
Smart contract risk: Bugs or exploits in DeFi protocols could result in total loss of deposited funds
Liquidity risk: Inability to withdraw funds during market stress or protocol issues
Impermanent loss: Changes in underlying asset values could reduce expected returns
Protocol risk: DeFi platforms may cease operations, change terms, or be compromised
Yields are variable and may decrease significantly or become negative. Past performance of DeFi protocols does not guarantee future results. Users should only deposit funds they can afford to lose entirely.
Volatility and Market Risks
While we use stablecoins to minimize volatility, users may still experience:
Value fluctuations during the conversion process between fiat and cryptocurrency
Market disruptions affecting the entire DeFi ecosystem
Regulatory changes impacting cryptocurrency and DeFi markets
Economic conditions affecting both traditional and cryptocurrency markets
Regulatory and Compliance Risks
Regulatory Uncertainty
The regulatory framework for DeFi, stablecoins, and blockchain-based financial services remains uncertain and evolving across jurisdictions. Regulatory developments could adversely impact our services through:
Requirements for licensing or registration that we cannot meet
Restrictions on DeFi protocol access or stablecoin usage
Prohibition of certain features or services we plan to offer
Compliance costs that make our services economically unviable
Geographic Restrictions
Regulatory requirements may prevent us from offering services in certain jurisdictions. Users in restricted areas may lose access to services with little or no notice. Cross-border payment features may be limited or unavailable based on local regulations.
KYC/AML Requirements
Future banking services will require identity verification and compliance with anti-money laundering regulations. This may involve:
Collection of extensive personal and financial information
Ongoing monitoring of user transactions and activities
Potential account restrictions or closures based on compliance requirements
Reporting obligations that could affect user privacy
Operational and Business Risks
Third-Party Dependencies
Johi relies on multiple third-party services including:
Payment processors (Stripe) for subscription payments
Blockchain networks (TON) for transaction processing
DeFi protocols for yield generation
Infrastructure providers for hosting and security services
Interruptions, failures, or changes in terms by these providers could significantly impact our ability to deliver services. We cannot guarantee the continued availability or stability of third-party services.
Security Risks
Despite implementing security measures, digital platforms face ongoing security risks:
Data breaches that could expose user personal and financial information
Cyberattacks targeting our infrastructure or user funds
Social engineering attacks targeting our users or employees
Internal security failures or employee misconduct
Users are responsible for securing their own accounts and should use strong passwords and enable two-factor authentication when available.
Liquidity and Funding Risks
Our ability to continue operations depends on:
Sufficient user adoption and subscription revenue
Continued investor support for development activities
Successful launch and adoption of our banking application
Market conditions that support our business model
Insufficient funding could result in service interruptions, feature limitations, or complete cessation of operations.
User-Specific Risks
Technical Literacy Requirements
While we design our services to be user-friendly, blockchain-based financial services require users to:
Understand basic concepts of cryptocurrency and DeFi
Safely manage private keys and wallet credentials
Recognize potential scams and security threats
Make informed decisions about financial risks
Loss of Access
Users may permanently lose access to funds or accounts through:
Lost credentials: Forgotten passwords or lost two-factor authentication devices
Private key loss: For blockchain-based features, lost private keys mean permanent loss of access
Account closure: Violations of terms of service or regulatory requirements
Technical failures: Platform malfunctions or data corruption
Tax Implications
Using cryptocurrency and DeFi services may create complex tax obligations including:
Taxable events from cryptocurrency conversions or DeFi activities
Reporting requirements for foreign financial accounts or cryptocurrency holdings
Uncertain tax treatment in jurisdictions without clear cryptocurrency tax guidance
Professional advice needs requiring consultation with tax specialists
Users are responsible for understanding and complying with all applicable tax obligations.
Creative Club Specific Risks
Subscription Value Risk
The Johi Creative Club provides networking opportunities and creator resources that may not meet all subscriber expectations. The value of creator networking opportunities depends on:
Quality and relevance of featured creators
Active participation by community members
Market conditions affecting the creator economy
Our ability to maintain and improve service quality
Creator Network Risks
Connecting with creators through our platform involves risks including:
Professional compatibility: Not all networking connections may be valuable or appropriate
Reputation risks: Association with creators who may face controversies
Commercial risks: Business relationships formed through our platform are not guaranteed to succeed
Privacy concerns: Sharing professional information with other community members
Future Service Risks
Feature Availability
Planned features described in our roadmap may:
Be delayed, modified, or cancelled during development
Function differently than initially described
Require additional fees or subscription tiers
Face regulatory restrictions in certain jurisdictions
Competitive Risks
The fintech and creator economy sectors are highly competitive. Established companies or new entrants may:
Offer superior products or services
Capture market share before our full launch
Copy our innovations or approach
Have greater resources for development and marketing
Technology Obsolescence
Rapid technological advancement may make our planned features less competitive or relevant. Blockchain technology, DeFi protocols, and user preferences may evolve in ways that require significant platform changes.
Mitigation and Recommendations
Risk Management
Users should:
Only invest funds they can afford to lose entirely
Diversify financial holdings across multiple platforms and asset types
Stay informed about developments in cryptocurrency and DeFi regulations
Regularly review and update account security settings
Maintain backups of important account information and credentials
Due Diligence
Before using our services, users should:
Research the risks associated with DeFi and cryptocurrency
Understand the regulatory environment in their jurisdiction
Consider their risk tolerance and financial situation
Consult with financial and legal advisors as appropriate
Ongoing Awareness
Users should remain aware that:
Risk factors may change as our platform evolves
New risks may emerge from technological or regulatory developments
Regular review of terms and risk disclosures is recommended
We will communicate material changes affecting user risks
Contact and Support
For questions about risks or our services:
Email: support@johi.xyz
Address in Portugal: R. Nova da Trindade 1, 3 Direito, 1200-443 Lisboa, Portugal
Address in Netherlands: Keizersgracht 555, 2nd Floor, 1017 DB Amsterdam
Important: This risk disclosure does not constitute financial, legal, or investment advice. Users should consult qualified professionals before making financial decisions involving our services.
Please carefully consider these risk factors when engaging with johi services. By using our platform, you acknowledge that you have read, understood, and accept these risks.