Terms of Service
Effective Date: July 16, 2026
CROSS Technologies Ltd. ("Company", "we", "us", or "our") operates the PUNCH platform ("Service"). These Terms of Service ("Terms"), together with all documents or terms expressly incorporated herein by reference, are entered into between the Company and you ("User", "you", or "your") with respect to your use of, and access to, the Service, including [Website URL], mobile applications, all associated sites and interfaces linked thereto by the Company or its affiliates, application programming interfaces (APIs), and source code.
By accessing or using the Service, including by connecting a wallet or executing any transaction, you affirmatively acknowledge and agree to be bound by these Terms. If you do not agree to these Terms, do not use the Service.
THESE TERMS CONTAIN A BINDING ARBITRATION CLAUSE AND CLASS ACTION WAIVER (Section 14) THAT AFFECT YOUR LEGAL RIGHTS. PLEASE READ THEM CAREFULLY.
For the avoidance of doubt, any specific rules, guidelines, or operational procedures described throughout these Terms are an integral part of this binding legal agreement.
Table of Contents
1. Definitions
"Event Contract" means a binary position traded on the Service, the payout of which is determined by the outcome of a specified real-world event. Event Contracts settle at either $1.00 (winning position) or $0.00 (losing position).
"Market" means a trading venue listed on the Service for a specific Event Contract, including all associated parameters such as resolution criteria, expiration date, and oracle source.
"Settlement Asset" means any digital asset, token, stablecoin, cryptocurrency, or other comparable unit of value that the Company may, in its sole discretion, make available for use in connection with the Service, including for purposes of deposit, withdrawal, trading, collateralization, or settlement, and which serves as the unit of account and settlement currency within the Service.
"Oracle" means an external data source designated to determine the outcome of an Event Contract.
"Position" means a User's holding of an Event Contract, representing either side of a binary outcome.
"Order Book" means the electronic system that matches buy and sell orders for Event Contracts.
"Split" means the conversion of Settlement Asset into an equal quantity of both sides of an Event Contract.
"Merge" means the conversion of an equal quantity of both sides of an Event Contract back into Settlement Asset.
"Redeem" means the collection of settlement proceeds from a winning position after market resolution.
2. Service Description
2.1 Overview
PUNCH is a prediction market platform. CROSS Technologies Ltd. provides access to and technical infrastructure for the Service, enabling Users to trade binary outcome positions on the results of real-world events. The Company acts solely as a technology and interface provider and does not act as a broker, dealer, exchange operator, counterparty, custodian, investment manager, or financial intermediary in relation to any transaction. Market creation, resolution, and settlement processes are governed by pre-established rules, smart contract logic, and designated oracle data sources. Emergency resolution powers set forth in Section 9.4 are reserved solely as a last resort to protect market integrity and shall be exercised in a commercially reasonable manner.
2.2 Scope
The Service includes, but is not limited to:
Browsing and searching Markets
Buying and selling Event Contract positions via the Order Book
Split and Merge operations
Redeeming settled positions
Portfolio management
Referral program participation
2.3 No Representation of Legal Classification
The Service is designed as a platform for trading event-based positions. The Company does not represent or warrant that the Service, any Market, any Event Contract, Settlement Asset, or any other digital asset made available in connection with the Service is classified under the laws of any jurisdiction in a particular manner (including but not limited to gambling, gaming, wagering, or financial instruments).
Nothing in these Terms, on the Service, or in any communication from the Company shall be construed as an offer, solicitation, marketing, promotion, or other activity requiring any license, authorization, registration, or approval under applicable securities, commodities, derivatives, banking, payments, gambling, or similar laws.
The Company does not represent or warrant that it or the Service has obtained, or is required to obtain, any license, authorization, registration, or approval in any jurisdiction in relation to the Service, any Market, any Event Contract, Settlement Asset, or any other digital asset.
You are solely responsible for determining whether your access to and use of the Service is lawful in your jurisdiction.
2.4 Not Advice
Nothing on the Service constitutes investment advice, financial advice, trading advice, legal advice, tax advice, brokerage, recommendations, or a recommendation to enter into any transaction. Market prices, probabilities, charts, and other information displayed on the Service are for informational purposes only.
In particular, nothing in the Service or in these Terms shall be construed as a recommendation or assurance that the Service, any Market, any Event Contract, Settlement Asset, or any other digital asset is suitable for you or is lawful or unregulated in your jurisdiction.
You are solely responsible for your decisions.
3. Eligibility
3.1 Age Requirement
You must be at least 18 years of age (or the age of majority in your jurisdiction, whichever is higher) to use the Service.
3.2 Jurisdictional Compliance
You further represent and warrant that you are not accessing or using the Service from, and you are not otherwise subject to the jurisdiction of, any country, territory, or jurisdiction in which the access to or use of the Service, or the trading of event-based contracts, digital assets, derivatives, or similar products, is restricted, prohibited, or would require the Company to obtain any license, authorization, registration, or approval.
You acknowledge that it is your responsibility to determine whether your access to and use of the Service, including your participation in any Market or Event Contract, complies with all laws and regulations that apply to you, including any securities, derivatives, commodities, gambling, anti-money laundering, sanctions, and tax laws.
3.3 Restricted Jurisdictions
You may not use the Service if you are located in, a resident of, or a citizen of any Restricted Jurisdiction as set forth in Section 4.
For purposes of these Terms, you are "located in, a resident of, or a citizen of" a Restricted Jurisdiction if, among other things, you: (a) are physically present in such jurisdiction; (b) are a national, citizen, resident, domiciliary, or tax resident of such jurisdiction; or (c) access or use the Service on behalf of any legal entity that is established, incorporated, or effectively managed or controlled in such jurisdiction.
3.4 Identity Verification (KYC/AML)
You represent and warrant, and shall at all times continue to represent and warrant, that:
you are not listed on, and are not owned or controlled by any person listed on, any sanctions or watch list administered by the United Nations, the United States (including the U.S. Office of Foreign Assets Control ("OFAC")), the European Union, the United Kingdom, or any other relevant sanctions authority;
you are not located, organized, or resident in, and are not accessing or using the Service from, any country or territory that is the subject of comprehensive sanctions; and
your funds and digital assets are not derived from, and do not otherwise involve, any unlawful activity, including without limitation money laundering, terrorist financing, corruption, fraud, or sanctions evasion.
The Service does not currently require identity verification (KYC). However, the Company reserves the right to implement KYC and Anti-Money Laundering (AML) procedures at any time and in its sole discretion, including but not limited to:
Requiring identity verification from specific Users
Implementing platform-wide KYC requirements
Restricting or suspending accounts that do not comply with newly introduced verification requirements
3.5 Single Account Policy
Each User shall maintain only one account. Operating multiple wallets or accounts for the purpose of circumventing position limits, manipulating markets, or abusing the Referral Program is strictly prohibited.
4. Restricted Jurisdictions
4.1 Blocked Countries
The Service is not available to Users located in, residents of, or citizens of the following countries and territories ("Blocked Countries"):
OFAC-Sanctioned Countries: Cuba, Iran, Iraq, North Korea, Syria, Sudan, South Sudan
Additional Blocked Countries: Australia, Belarus, Belgium, Burundi, Central African Republic, Democratic Republic of the Congo, Ethiopia, France, Germany, Italy, Lebanon, Libya, Myanmar, Netherlands, Nicaragua, Poland, Republic of Korea, Russia, Singapore, Taiwan, Thailand, United Kingdom, United States, United States Minor Outlying Islands, Venezuela, Yemen, Zimbabwe
4.2 Blocked Regions
The Service is additionally restricted in the following regions within otherwise accessible countries:
Canada
Ontario
Ukraine
Crimea, Donetsk, Luhansk
4.3 Circumvention Prohibited
You also represent and warrant that you do not direct, manage, or otherwise control your access to and use of the Service from within any Restricted Jurisdiction, and that you will not use any technological or other means (including VPNs, proxies, or similar tools) to misrepresent your location or identity.
The use of virtual private networks (VPNs), proxy servers, Tor, or any other means to circumvent geographic restrictions is a violation of these Terms and may result in immediate account suspension.
4.4 Changes to Restricted Jurisdictions
The Company may modify the list of Restricted Jurisdictions at any time without prior notice in response to regulatory changes. When a jurisdiction is newly restricted, affected Users will be provided a reasonable grace period to close their positions and withdraw funds.
5. Account and Wallet
5.1 Wallet Connection
To use the Service, you must connect a compatible cryptocurrency wallet. You understand that connecting a wallet and interacting with the Service constitutes a legally binding acceptance of these Terms.
5.2 Wallet Security
You are solely responsible for maintaining the security of your wallet, including your private keys and seed phrases. You retain full control over your wallet and assets at all times. The Company does not store, manage, or have access to your private keys or wallet credentials. The Company shall not be liable for any loss arising from unauthorized access to, loss of, or compromise of your wallet.
5.3 Non-Custodial Nature of the Service
The Company does not at any time hold, take custody of, or have access to your private keys or to any of your on-chain assets, and does not act as your broker, dealer, custodian, exchange, or agent in relation to any transaction.
The Service is designed to interface with decentralized smart contracts deployed on one or more public blockchain networks. All transactions are executed by you directly through your connected wallet interacting with the relevant smart contracts.
You are solely responsible for securing your wallet and for all transactions that are initiated through your wallet.
5.4 Fund Management
All transactions on the Service are denominated in Settlement Asset. Deposited funds are allocated as available balance or locked in open positions. Funds locked in unsettled positions cannot be withdrawn until the relevant Market is resolved and redeemed.
5.5 Account Suspension
The Company may temporarily or permanently suspend your account in the following circumstances:
Violation of these Terms
Detection of Prohibited Activities (Section 10)
Legal or regulatory requirements
Security threats or suspicious activity
During any investigation, withdrawals from the affected account may be restricted.
6. Markets and Event Contracts
6.1 Market Types
The Service offers the following Market types:
Single Binary: A single event with two outcome positions
Multi Binary: Multiple options where one outcome is selected
Series Binary: Round-based recurring events with periodic settlement
Each Market specifies its resolution criteria, expiration date, and oracle source.
6.2 Market Status
Active: Open for trading
Closed: Trading is halted. This includes markets that are pending approval, resolved, redeemable, or cancelled. When a Market transitions to Closed status, no new orders may be placed and all open (unfilled) orders are automatically cancelled.
6.3 Market Listing and Delisting
All Markets are listed at the sole discretion of the Company following internal review. The Company reserves the right to:
Refuse to list any Market
Cancel or delist any active Market for any reason
Modify Market parameters (expiration date, resolution criteria) with notice to participants
6.4 Resolution Criteria
Each Market has predefined resolution criteria and a designated oracle source, which are displayed on the Market detail page. Users are responsible for reviewing and understanding the resolution criteria before trading.
The outcome and settlement of each Market and Event Contract are ultimately determined by the logic of the relevant smart contracts and the data provided by the designated Oracle or other data sources.
In the event of any discrepancy between (a) information, prices, probabilities, or settlement results displayed on the Service user interface and (b) the state of the underlying smart contracts, the state of the smart contracts shall prevail, to the maximum extent permitted by applicable law.
7. Trading Rules
7.1 Order Types
Market Order: Executes immediately at the best available price
Limit Order: Placed on the Order Book at a User-specified price
Price Range: Event Contract prices range from $0.001 to $0.999
7.2 Split and Merge
Split: Converts Settlement Asset into an equal quantity of both sides of an Event Contract at a 1:1 ratio
Merge: Converts an equal quantity of both sides of an Event Contract back into Settlement Asset at a 1:1 ratio
7.3 Redemption
Users holding winning positions in resolved Markets may redeem their positions to receive Settlement Asset. Redemption is only available for Markets in Redeemable status.
7.4 Order Execution
Orders are processed on a best-execution basis. Slippage may occur depending on market conditions, and the actual execution price may differ from the expected price. The Company reserves the right to delay or cancel order execution due to system issues, abnormal trading activity detection, or other operational reasons.
7.5 Position Limits
The Company may impose position limits on specific Markets or Users. Orders that would exceed applicable position limits will be rejected.
8. Fees
8.1 Fee Structure
Maker Fee (Limit Orders): 0%. No fee is charged for orders placed on the Order Book
Taker Fee (Market Orders): Calculated as
fee = feeRate × shares × price × (1 − price)where:shares= number of sharesfeeRate= fee coefficient (subject to change; current value displayed on the Service)price= execution price (0.001–0.999)
8.2 Fee Modifications
The Company may modify the fee structure, including the fee coefficient (feeRate), at any time. Changes will be announced in advance and will apply to transactions executed after the effective date of the change.
8.3 Referral Discounts
Users who have registered a valid referral code may receive a discount on Taker fees for a specified period. Discount rates and duration are governed by the Referral Program terms (Section 12).
9. Market Resolution and Settlement
9.1 Resolution Process
Upon Market expiration or triggering of the resolution condition, the outcome is determined based on data from the designated Oracle source. The settlement result is binary: winning positions settle at $1.00 per share and losing positions settle at $0.00 per share.
9.2 Settlement Delays and Disputes
Resolution may be delayed due to Oracle data discrepancies, event ambiguity, or other unforeseen circumstances. Users may file a dispute regarding a settlement result within seventy-two (72) hours of resolution. The Company will review all disputes and render a final, binding decision.
9.3 Market Cancellation
The Company may cancel a Market if:
The underlying event is cancelled or becomes indeterminate
Oracle data is unavailable or unreliable
Force majeure events occur
Market integrity is compromised
For cancelled Markets, positions will be refunded based on the acquisition price or a fair value determined by the Company in good faith and in a commercially reasonable manner.
9.4 Emergency Resolution
The Company reserves the right to perform emergency resolution in situations that threaten market integrity, including but not limited to:
Oracle manipulation detection
Large-scale market manipulation
Regulatory authority requests
System security threats
9.5 Third-Party Oracles and Infrastructure
The Service may rely on or interact with third-party oracles, data providers, blockchain nodes, bridges, wallets, and other infrastructure or service providers that are not controlled by the Company.
The Company does not make any representations or warranties and shall have no liability whatsoever in connection with any act or omission of such third parties, including without limitation any error, delay, inaccuracy, manipulation, unavailability, or security incident relating to any data or services provided by them.
Your use of any third-party services is subject to the terms and conditions of such third parties.
10. Prohibited Activities
You agree not to engage in any of the following activities:
10.1 Market Manipulation
Spoofing: Submitting orders with no intent to execute, for the purpose of influencing prices
Wash Trading: Executing self-trades to create misleading trading volume
Collusion: Coordinating with other Users to artificially influence prices
Layering: Placing multiple orders at various price levels to mislead other market participants
10.2 Insider Trading
Trading on the basis of material non-public information ("MNPI") or sharing such MNPI with any third party for the purpose of enabling their trading.
Trading on Markets where you have direct or indirect influence over the underlying event outcome
Engaging in "front-running" or exploiting transaction ordering, including through the use of automated bots or MEV (Maximum Extractable Value) strategies, in advance of the public release of oracle data or market resolution results.
10.3 Platform Abuse
Using VPNs, proxies, Tor, or other tools to circumvent geographic restrictions
Operating multiple accounts or wallets to evade position limits or abuse the Referral Program
Using automated tools (bots) to generate abnormal trading patterns or disrupt Service operations (legitimate algorithmic trading via approved channels is subject to separate policies)
Exploiting system vulnerabilities, bugs, or errors
10.4 Other Prohibited Conduct
Unauthorized access to other Users' accounts or wallets
Spreading false or misleading information to influence Market prices
Using the Service for money laundering, terrorist financing, or any other illegal activity
Unauthorized scraping, copying, or commercial use of Service data
Any activity that would cause the Company, any affiliate, or any third-party service provider to violate any applicable sanctions, export control, or anti-money laundering laws
Any attempt to evade, circumvent, or frustrate any such laws, including through the use of privacy-enhancing technologies, mixers, or chain-hopping strategies.
10.5 Enforcement
Upon detection of Prohibited Activities, the Company may take any or all of the following actions:
Issue a warning
Temporarily suspend the account
Force-close open positions
Permanently ban the account
Report to relevant authorities
Withdrawals will be restricted during any active investigation. In addition to the foregoing, any profits, gains, or rewards obtained through Prohibited Activities shall be deemed unjustly acquired. The Company reserves the right to (a) set off such amounts against any balance held in your account, (b) withhold settlement proceeds pending investigation, and (c) pursue recovery of such amounts through legal proceedings. The Company's exercise of these rights shall not constitute a waiver of any other remedy available at law or in equity.
11. Risk Disclosure
TRADING EVENT CONTRACTS INVOLVES SUBSTANTIAL RISK AND IS NOT SUITABLE FOR ALL INDIVIDUALS. YOU SHOULD CAREFULLY CONSIDER WHETHER TRADING IS APPROPRIATE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION.
11.1 Trading Risk
You may lose your entire investment. Past performance does not guarantee future results. Event Contracts differ from traditional financial instruments and may exhibit extreme price volatility.
11.2 Liquidity Risk
Certain Markets may have insufficient liquidity, making it difficult or impossible to enter or exit positions at desired prices. Slippage may occur when Order Book depth is insufficient. Markets may cease trading, and open orders may be cancelled.
11.3 Technology Risk
Blockchain network congestion, smart contract vulnerabilities, system outages, or other technical failures may delay or prevent trade execution. During Service downtime, you will be unable to manage your positions. You acknowledge and accept these technology risks.
11.4 Regulatory Risk
Changes in laws, regulations, policies, and enforcement practices, or in their interpretation or application, at any time and in any jurisdiction, may restrict, suspend, or prohibit your access to or use of the Service, your ability to participate in certain Markets, or the legality of holding or transferring certain digital assets. Such changes may include, without limitation, measures relating to securities, derivatives, commodities, gambling, anti-money laundering, sanctions, tax, or consumer protection laws.
If the trading of Event Contracts, the use of the Service, or the holding or transfer of digital assets becomes illegal or restricted in your jurisdiction, you must immediately cease using the Service and, where permitted, close your positions and withdraw your assets.
The Company shall have no liability for any loss or damage arising from any such legal or regulatory changes or from any actions the Company takes in good faith to comply with or respond to such changes.
11.5 Oracle Risk
Settlement depends on external Oracle data. Oracle data may be subject to errors, delays, or manipulation. While the Company uses commercially reasonable efforts to select reliable data sources, the Company does not guarantee the accuracy of Oracle data.
11.6 Smart Contract and Experimental Software Risk
The service relies on smart contracts that, while subject to security audits, may contain undiscovered vulnerabilities, bugs, or exploits that could result in the partial or total loss of your funds. Smart contract audits do not guarantee the absence of security flaws. The company may upgrade, migrate, or modify smart contracts at any time, which may cause temporary service interruptions. By using the service, you acknowledge that you are interacting with experimental software and accept all associated risks.
11.7 Finality of On-Chain Transactions
All transactions executed on the Service interact directly with smart contracts deployed on public blockchain networks. Once submitted to the blockchain network, such transactions are final, irreversible, and immutable. The Company has no ability to cancel, reverse, modify, or refund any on-chain transaction after it has been submitted, regardless of the circumstances, including any user error, system error, or change in market conditions. You are solely responsible for verifying all transaction details, including wallet addresses, amounts, and Market selections, prior to submission. This Section does not limit the Company's discretion to cancel Markets under Section 9.3.
12. Referral Program
12.1 Overview
Users may generate a unique referral code and share it with others. When a referred User (Referee) registers a referral code and trades on the Service, the referring User (Referrer) earns a percentage of the Referee's Taker fees as a reward. The Referee receives a discount on Taker fees for a specified period.
12.2 Terms and Conditions
Specific reward rates, discount rates, and applicable periods are displayed on the Referral page within the Service. The Company reserves the right to modify Referral Program terms at any time with advance notice.
12.3 Anti-Abuse
The following activities are prohibited and constitute grounds for reward forfeiture and account suspension:
Self-referral (registering your own referral code on another account you control)
Creating multiple accounts to fraudulently earn referral rewards
Any scheme designed to artificially inflate referral rewards
Upon detection of abuse, the Company may claw back referral rewards and suspend involved accounts.
13. Intellectual Property
13.1 Service Content
All content on the Service, including Market data, pricing information, user interface, logos, trademarks, and brand elements, is the intellectual property of the Company or its licensors. You may access this content solely for the purpose of using the Service. Commercial use, reproduction, or distribution without prior written consent is prohibited.
13.2 User Content
By creating and sharing content through the Service (including PnL share cards, referral share cards, and other shareable content), you grant the Company a non-exclusive, royalty-free, worldwide license to use, display, and distribute such content for promotional and operational purposes.
14. Dispute Resolution and Arbitration
14.1 Informal Resolution
Before initiating formal dispute resolution, you agree to first attempt to resolve any dispute by contacting the Company and engaging in good faith negotiations for a period of thirty (30) days.
14.2 Binding Arbitration
Any dispute not resolved through informal negotiation shall be finally settled by binding arbitration administered under the rules of [Singapore International Arbitration Centre] in [Singapore]. The arbitration shall be conducted in English. The arbitrator's decision shall be final and binding.
To the extent permitted by applicable law, the parties agree that any dispute relating to or arising from the validity, execution, or results of any on-chain transaction or smart contract interaction shall be resolved by reference to the publicly verifiable state and rules of the relevant blockchain network and smart contracts, and that no court, tribunal, or arbitrator shall have the power to alter, reverse, or otherwise interfere with such on-chain state.
14.3 Class Action Waiver
YOU AGREE THAT ANY DISPUTE RESOLUTION PROCEEDINGS WILL BE CONDUCTED ONLY ON AN INDIVIDUAL BASIS AND NOT IN A CLASS, CONSOLIDATED, OR REPRESENTATIVE ACTION. YOU WAIVE ANY RIGHT TO PARTICIPATE IN CLASS ACTIONS OR CLASS-WIDE ARBITRATION.
14.4 Governing Law
These Terms shall be governed by and construed in accordance with the laws of the British Virgin Islands (BVI), without regard to its conflict of law provisions.
15. Disclaimers and Limitation of Liability
15.1 "As Is" Service
THE SERVICE IS PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS, WITHOUT WARRANTIES OF ANY KIND, WHETHER EXPRESS, IMPLIED, OR STATUTORY, OR OTHERWISE. TO THE MAXIMUM EXTENT PERMITTED BY LAW, THE COMPANY DISCLAIMS ALL WARRANTIES, INCLUDING BUT NOT LIMITED TO WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, NON-INFRINGEMENT, ACCURACY, COMPLETENESS, RELIABILITY, AVAILABILITY, AND THAT THE SERVICE WILL BE UNINTERRUPTED, ERROR-FREE, OR SECURE.
WITHOUT LIMITING THE FOREGOING, THE SERVICE IS PROVIDED AS AN INTERFACE TO DECENTRALIZED SMART CONTRACTS AND THIRD-PARTY SERVICES, WHICH ARE PROVIDED "AS IS" AND "AS AVAILABLE" BY INDEPENDENT THIRD PARTIES. THE COMPANY DOES NOT OPERATE, CONTROL, OR ASSUME RESPONSIBILITY FOR ANY UNDERLYING BLOCKCHAIN NETWORKS, SMART CONTRACTS, OR THIRD-PARTY SERVICES, AND MAKES NO REPRESENTATIONS OR WARRANTIES WITH RESPECT THERETO.
15.2 Service Availability
THE COMPANY DOES NOT GUARANTEE THAT THE SERVICE WILL BE AVAILABLE AT ALL TIMES OR AT ANY SPECIFIC TIME. THE SERVICE MAY BE INTERRUPTED, SUSPENDED, MODIFIED, OR DISCONTINUED AT ANY TIME, WITH OR WITHOUT NOTICE. THE COMPANY SHALL NOT BE LIABLE FOR ANY LOSS ARISING FROM ANY INTERRUPTION, DELAY, OR UNAVAILABILITY OF THE SERVICE.
15.3 Information Disclaimer
THE COMPANY DOES NOT GUARANTEE THE ACCURACY, COMPLETENESS, TIMELINESS, OR RELIABILITY OF ANY MARKET DATA, PRICES, PROBABILITIES, CHARTS, ORACLE DATA, OR OTHER INFORMATION DISPLAYED ON THE SERVICE. PRICES AND PROBABILITIES DISPLAYED ON THE SERVICE INTERFACE ARE FOR INFORMATIONAL PURPOSES ONLY AND DO NOT CONSTITUTE INVESTMENT ADVICE OR AN OFFER TO TRADE.
IN THE EVENT OF ANY DISCREPANCY BETWEEN INFORMATION DISPLAYED ON THE SERVICE INTERFACE AND THE ACTUAL STATE OF THE UNDERLYING SMART CONTRACTS OR ORACLE DATA, THE ON-CHAIN STATE SHALL PREVAIL, AS FURTHER SET FORTH IN SECTION 6.4. THE COMPANY SHALL HAVE NO LIABILITY FOR ANY LOSS ARISING FROM RELIANCE ON INACCURATE, DELAYED, OR INCOMPLETE INFORMATION, INCLUDING WITHOUT LIMITATION ORACLE DATA ERRORS, UI DISPLAY BUGS, OR NETWORK LATENCY. ANY RELIANCE ON SUCH INFORMATION IS ENTIRELY AT YOUR OWN RISK.
15.4 Limitation of Liability
TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, THE COMPANY'S TOTAL LIABILITY FOR ANY CLAIMS ARISING OUT OF OR RELATED TO THESE TERMS OR THE SERVICE SHALL NOT EXCEED THE TOTAL FEES PAID BY YOU TO THE COMPANY DURING THE SIX (6) MONTHS PRECEDING THE EVENT GIVING RISE TO THE CLAIM.
IN NO EVENT SHALL THE COMPANY BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING BUT NOT LIMITED TO LOSS OF PROFITS, DATA, OR GOODWILL.
YOU ACKNOWLEDGE AND AGREE THAT HOLDING OR USING SETTLEMENT ASSET OR ANY OTHER DIGITAL ASSET IN CONNECTION WITH THE SERVICE DOES NOT GRANT YOU ANY EQUITY, OWNERSHIP, PROFIT-SHARING, VOTING, OR OTHER RIGHTS IN OR TO THE COMPANY OR ANY OF ITS AFFILIATES, NOR DOES IT CREATE ANY PARTNERSHIP, JOINT VENTURE, EMPLOYMENT, AGENCY, FIDUCIARY, OR SIMILAR RELATIONSHIP BETWEEN YOU AND THE COMPANY.
NO RETURN, YIELD, PROFIT, OR INCOME IS PROMISED OR GUARANTEED TO YOU BY VIRTUE OF HOLDING OR USING ANY SUCH DIGITAL ASSET.
15.5 Statute of Limitations
TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, YOU AGREE THAT ANY CLAIM, ACTION, OR PROCEEDING ARISING OUT OF OR RELATING TO THESE TERMS OR THE SERVICE MUST BE COMMENCED WITHIN ONE (1) YEAR AFTER THE DATE ON WHICH THE CAUSE OF ACTION FIRST AROSE. IF NOT COMMENCED WITHIN SUCH ONE (1) YEAR PERIOD, ANY SUCH CLAIM, ACTION, OR PROCEEDING SHALL BE PERMANENTLY BARRED.
15.6 Indemnification
You agree to indemnify, defend, and hold harmless the Company, its affiliates, and their respective directors, officers, employees, and agents from and against any and all claims, damages, losses, liabilities, costs, and expenses (including reasonable attorneys' fees) arising out of or related to:
Your violation of these Terms
Your misuse of the Service
Your violation of any applicable law or regulation
Your trading activity on the Service
16. Modification and Termination
16.1 Modification of Terms
The Company may modify these Terms at any time. Material changes will be communicated through in-Service notices or other reasonable means. Your continued use of the Service after such modifications constitutes acceptance of the updated Terms.
16.2 Modification of Service
The Company may modify, suspend, or discontinue any part of the Service at any time. Material changes will be announced at least thirty (30) days in advance, except in cases of urgent security or regulatory requirements.
16.3 Market Parameter Changes
The Company may modify parameters of active Markets (including expiration dates and resolution criteria) for reasonable cause. Affected Market participants will be individually notified.
16.4 Service Termination
In the event of full Service termination:
Active Markets will be settled at current market prices or fair values determined by the Company
Users will be provided a reasonable period to withdraw their funds
The Company will make commercially reasonable efforts to provide at least thirty (30) days' notice
17. General Provisions
17.1 Entire Agreement
These Terms, together with any policies or guidelines incorporated by reference, constitute the entire agreement between you and the Company regarding the Service and supersede all prior agreements, written or oral.
17.2 Assignment
You may not assign or transfer any rights or obligations under these Terms without the Company's prior written consent. The Company may freely assign these Terms in connection with a merger, acquisition, or sale of assets.
17.3 Severability
If any provision of these Terms is found to be invalid or unenforceable, that provision shall be limited to the minimum extent necessary, and the remaining provisions shall continue in full force and effect.
17.4 No Waiver
The Company's failure to enforce any provision of these Terms shall not constitute a waiver of that provision or any other provision.
17.5 Force Majeure
The Company shall not be liable for any failure or delay in performing its obligations under these Terms to the extent caused by circumstances beyond its reasonable control, including but not limited to: blockchain network congestion, outages, or forks; failures of third-party oracle services, node providers, bridges, or wallets; cyberattacks, hacking incidents, or security breaches affecting the Company or third-party infrastructure; regulatory orders, sanctions, or government actions; natural disasters, pandemics, or other events of force majeure. In such circumstances, the Company shall use commercially reasonable efforts to resume normal operations and to minimize the impact on Users, including providing reasonable notice where practicable.
17.6 Contact
For questions or concerns regarding these Terms, please contact us at:
Email: support@crossdefi.io
Official channels: https://discord.com/invite/punchdotwin
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