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Operational risks, market risks

Posted on 03 June 2024 02:27 pm

There is a risk that the development of the Social Scrooge ecosystem will not be executed or implemented as intended, for a variety of reasons, including, but not limited to, the event of declining prices of any digital asset, virtual currency or $SCROOGE, technical difficulties unforeseen events and lack of development funds for activities.

Social Scrooge adopts procedures and protocols to mitigate these risks through dedicated reserves, market risk coverage, diversification, risk weighting, prudential management.

The Social Scrooge Protocol team adopts risk management policies (Risk Manager) for healthy and prudent management, with particular reference to market risk, as well as operational risks. In the crypto sector it does not adopt short-term strategies, but only long-term ones to mitigate the risks generated by the accentuated volatility of the sector, orienting itself towards money market instruments for any short-term strategies.