Risk Disclosures
Apr 7, 2025
All financial products carry risk. This page sets out the key risks involved in using Sling Money’s products. Please read it carefully before using our services.
This disclosure covers your self-custodial wallet, provided by Avian Labs Inc. and Avian Labs Netherlands B.V. and Investments, tokenized stocks and ETFs, a service provided by Avian Labs Distributed, Inc. These are separate services offered by separate legal entities. Please read both sections that apply to you.
Stablecoin payments
You could lose the money you deposit
All crypto assets, including stablecoins, carry the risk of financial loss. You do not have the same protections as with traditional financial products. There is a risk of losing money or any crypto assets you purchase due to risks such as cyber-attacks, financial crime and firm failure.
You should not expect to be protected if something goes wrong
Funds held in or transacted through Sling Money are not covered by any investor compensation scheme, including that of the Dutch Central Bank (De Nederlandsche Bank, DNB), the UK Financial Services Compensation Scheme (FSCS), or any equivalent regulatory protection programme in any other country.
You may not be able to sell your stablecoins when you want to
Operational failings such as technology outages, cyber-attacks could cause unwanted delay, and you may be unable to process your transaction at the time you want.
Don’t put all your eggs in one basket
Sling is a transfer product and not designed to hold large amounts of funds. It is not recommended putting all your money into the app.
Irreversibility
All blockchain transactions are final and irreversible once confirmed. If you send tokens to an incorrect wallet address, they cannot be recovered by Sling or by you. Always verify wallet addresses carefully before confirming a transaction.
The risks of different crypto assets
Not all crypto assets carry the same risks. Sling operates in stablecoin only.
It is essentially a cryptocurrency designed to have a relatively stable price, typically through being pegged to a commodity or currency or having its supply regulated by an algorithm.
Stablecoins may use a range of different ways to maintain stability, each with their own risks.
How do the exchange rates work?
All exchange rates are set in real-time at the time of transaction. Exchange rates can fluctuate from moment to moment. We use the real market rate as provided by currencyapi.com and do not apply a markup or spread.
All transactions with Sling Money are transferred in digital currency.
At Sling Money we use the Solana blockchain, which is a public blockchain that utilizes public-key cryptography and distributed computing to help make various types of transactions -- including financial transactions -- fast, inexpensive, and accessible to people around the world.
Solana is known for its speed and scalability, however, Solana has experienced outages and network congestion issues in the past.
Sling Money monitors the Solana Network and will provide you with an in-app notification if we detect a delay in transactions or disruptions to the Solana network. You can also check out the Solana Status page here.
Avian Labs Inc. and its group entities have received the ISO 27001 certification on 30 July 2024 and have been recertified successfully in 2025.
This means that an independent organization has verified our internal systems meet internationally recognized standards for quality and consistency.
We may update these disclosures
This page may be updated from time to time to reflect changes in our products, regulation, or risk environment. The date of the most recent update is shown at the top of this page. We encourage you to review these disclosures periodically.
Contact us
If you have questions about the risks described in this document, please contact us at [email protected].