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Decentralized Application (dApp)

A decentralized application (dApp) is a software application that runs on a decentralized network, such as a blockchain. dApps are designed to be resistant to censorship and tampering, as they are not controlled by a single central authority.

dApps are built on decentralized platforms, such as Ethereum, and they use smart contracts to execute their functions. Smart contracts are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code. They are stored on the blockchain and are executed automatically when certain conditions are met.

dApps can be used for a wide range of applications, including financial transactions, supply chain management, and voting systems. They have the potential to disrupt traditional models and create more secure, transparent, and efficient systems.

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Conditional orders have increased risk due to their reliance on trigger processing, market data, and other internal and external systems like an exchange. Such orders are not sent to the market until specified conditions are met. During that time, system outages with downstream technologies or exchanges may occur. Furthermore, exchanges may impose controls on conditional orders to limit erroneous trades triggering downstream orders. HyperTrader or its subsidiaries may not always be aware of such changes to external controls immediately, leading to some conditional orders not being executed. As such, you need to monitor your conditional orders for reasonability. Conditional orders are “Not Held” orders whose execution instructions are on a best-efforts basis upon being triggered.

Furthermore, conditional orders may be subject to the increased risks of stop orders and market orders outlined above. Given the increased potential risk of using conditional orders, you agree that HyperTrader and its subsidiaries cannot be held responsible for losses, damages, or missed opportunity costs associated with market data problems, systems issues, and user errors, among other factors. By using conditional orders, you understand and accept the risks outlined above.

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