1. Introduction and Acceptance of Terms
These Terms of Service ("Terms") govern your access to and use of the services provided by Manic Trade Inc., a company incorporated under the laws of the Republic of Panama ("Manic Trade," "we," "us," or "our"), through the platform located at manic.trade and alpha-app.manic.trade, including any related applications, smart contracts, and application programming interfaces (collectively, the "Platform").
By accessing or using the Platform, connecting a digital wallet, or creating an account, you acknowledge that you have read, understood, and agree to be bound by these Terms and our Privacy Policy. If you do not agree to these Terms, you must not access or use the Platform.
2. Eligibility
To access and use the Platform, you must:
- (a) be at least eighteen (18) years of age or the age of legal majority in your jurisdiction, whichever is greater;
- (b) not be a citizen, resident, or person located in, or accessing the Platform from, a Blocked Jurisdiction (as defined in Section 8);
- (c) not be listed on any applicable sanctions list, including but not limited to the U.S. Office of Foreign Assets Control (OFAC) Specially Designated Nationals (SDN) List, the United Nations Security Council Sanctions List, or any equivalent list maintained by the European Union or the United Kingdom;
- (d) certify, by checking the self-certification checkbox presented during onboarding, that you are not a "U.S. Person" as defined under Rule 902(k) of Regulation S of the U.S. Securities Act of 1933, as amended; and
- (e) have the legal capacity to enter into a binding agreement under the laws of your jurisdiction.
3. Description of Services
Manic Trade operates a non-custodial, request-for-quote (RFQ)-based micro-trading platform on the Solana blockchain. The Platform enables users to take positions on the short-term directional price movement of referenced assets using price data provided by Pyth Network and other on-chain oracles, with programmatic on-chain settlement.
3.1 Nature of Trading
Trading on the Platform involves predicting whether the price of a referenced asset will move above or below a dynamically determined target level within a fixed time window. Each trade has a binary outcome: if the prediction is correct, the user receives a payout equal to the committed amount multiplied by the selected multiplier; if the prediction is incorrect, the user loses the entire committed amount. This structure involves a high degree of risk and may not be suitable for all participants.
3.2 Available Trading Modes
- (a) Individual Mode: Users select a personal duration (ranging from thirty (30) seconds to five (5) minutes). Each position settles independently upon expiration of the selected duration.
- (b) Unified Mode: All positions placed before a specified future timestamp settle simultaneously at that time. Minimum settlement window is two (2) minutes.
3.3 Multiplier Tiers
The Platform offers three multiplier tiers that determine the risk-reward profile of each trade:
- (a) Classic: Multipliers up to 3.0x. Target lines are positioned closer to the current market price.
- (b) Pro: Multipliers up to 20.0x. Target lines are positioned at moderate distance from the current market price.
- (c) Manic: Multipliers up to 100.0x. Target lines are positioned at significant distance from the current market price, requiring substantial price movement to achieve a winning outcome.
Higher multipliers increase both potential payout and the probability of total loss. You may lose 100% of the amount committed to any single trade.
3.4 Supported Assets
The Platform may offer positions on cryptocurrency pairs, commodity pairs, and other asset pairs as listed on the Platform from time to time. The availability of specific asset pairs may vary and may be added or removed at the sole discretion of Manic Trade. All price data is sourced from on-chain oracles and is subject to the limitations and risks described in Section 16.
4. Non-Custodial Nature
Manic Trade never holds or controls your digital assets outside of active smart contract interactions. All trades and settlements occur directly via smart contracts deployed on the Solana blockchain. You are solely responsible for the security and management of your private keys and wallet credentials. Manic Trade cannot recover lost or stolen private keys.
4.1 Delegated Wallet Authorization
YOU AUTHORIZE MANIC TO CREATE AND USE A POLICY-LIMITED DELEGATED ACCESS CREDENTIAL FOR YOUR TURNKEY WALLET TO INITIATE, SIGN, AND BROADCAST TRANSACTIONS SOLELY FOR POSITION MANAGEMENT AND CROSS-CHAIN DEPOSITS THAT YOU REQUEST OR ENABLE IN MANIC. MANIC MAY DO THIS WITHOUT ASKING FOR SEPARATE APPROVAL FOR EACH TRANSACTION, SUBJECT TO THE TRANSACTION LIMITS, SUPPORTED CHAINS, AND REVOCATION CONTROLS DESCRIBED IN THESE TERMS. YOUR WALLET REMAINS NON-CUSTODIAL THROUGH TURNKEY, AND MANIC DOES NOT RECEIVE YOUR RAW PRIVATE KEY.
5. Account Types
5.1 Demo Account
The Platform may provide a Demo Account funded with virtual currency ("Demo Cash") for educational and testing purposes. Demo Cash has no monetary value, is not redeemable for fiat currency or cryptocurrency, and is not transferable. Trading results in the Demo Account do not affect the Real Account balance. Manic Trade reserves the right to modify, reset, or discontinue Demo Accounts at any time.
5.2 Real Account
The Real Account holds deposited cryptocurrency and reflects actual trading activity. Deposits to the Real Account are subject to the terms set forth in Section 10. Withdrawals are subject to availability and the conditions described in Section 10.
6. Beta Testing Program
The Platform is currently in a beta testing phase (the "Beta Program"). The following provisions apply during the Beta Program and will be updated or removed upon full commercial launch:
6.1 Beta Deposits and Withdrawals
During the Beta Program, deposits of cryptocurrency to the Real Account are accepted. Withdrawals from the Real Account may be restricted until the Platform transitions to mainnet and full commercial launch. By depositing funds during the Beta Program, you acknowledge and accept that:
- (a) your deposited funds may be locked for an indeterminate period;
- (b) withdrawal functionality will be enabled upon transition to mainnet, which Manic Trade targets but does not guarantee by any specific date; and
- (c) deposited funds are real assets subject to the risks described in Section 16.
Manic Trade will provide at least fourteen (14) days' prior notice before enabling withdrawal functionality. In the event Manic Trade decides to discontinue the Platform prior to mainnet launch, it will use commercially reasonable efforts to return deposited funds to users within sixty (60) days of the discontinuation announcement.
6.2 Beta Promotional Programs
During the Beta Program, Manic Trade may offer promotional incentives including but not limited to:
- (a) Demo Cash bonuses for social media engagement, referrals, or deposits;
- (b) volume-based milestone rewards;
- (c) deposit matching in Demo Cash; and
- (d) trading competitions with prizes.
All promotional programs are temporary, subject to modification or termination at Manic Trade's sole discretion, and governed by their specific terms as published on the Platform. Promotional rewards denominated in Demo Cash have no monetary value. Promotional rewards denominated in real cryptocurrency or fiat currency will be distributed in accordance with the specific promotion's published terms.
6.3 Settlement Network
During the Beta Program, trades may be settled on the Solana devnet (test network) rather than Solana mainnet. Upon transition to full commercial launch, all settlement will occur on Solana mainnet. Manic Trade will provide advance notice of the transition and any required user actions.
6.4 Beta Disclaimer
THE PLATFORM IS PROVIDED DURING THE BETA PROGRAM ON AN "AS IS" AND "AS AVAILABLE" BASIS. BETA FEATURES MAY CONTAIN BUGS, ERRORS, OR INTERRUPTIONS. MANIC TRADE MAKES NO WARRANTIES REGARDING THE RELIABILITY, AVAILABILITY, OR PERFORMANCE OF BETA FEATURES.
7. User Obligations
By using the Platform, you agree that you will not:
- (a) use the Platform for money laundering, terrorist financing, sanctions evasion, tax evasion, or any other illicit purpose;
- (b) engage in market manipulation, wash trading, spoofing, or any form of abusive trading;
- (c) use automated systems (bots, scripts, or agents) to manipulate outcomes, exploit platform vulnerabilities, or gain an unfair advantage over other users, except through the Platform's authorized Agent/API interface (Section 12);
- (d) circumvent or attempt to circumvent geographic restrictions, sanctions screening, or other compliance controls;
- (e) provide false, inaccurate, or misleading information, including in any self-certification; or
- (f) violate any applicable law, regulation, or third-party right.
8. Blocked Jurisdictions
The Platform is not available to, and must not be accessed by, persons located in or citizens or residents of the following jurisdictions (each a "Blocked Jurisdiction"):
- (a) the United States of America (including its territories and possessions);
- (b) the United Kingdom;
- (c) member states of the European Union and the European Economic Area;
- (d) jurisdictions subject to comprehensive sanctions by OFAC, the United Nations, or the European Union (currently including Cuba, Iran, North Korea, Syria, and the Crimea, Donetsk, and Luhansk regions of Ukraine); and
- (e) any other jurisdiction where the use of the Platform would be prohibited or require a license or registration that Manic Trade does not hold.
Manic Trade employs IP-based geoblocking, self-certification requirements, and may conduct additional reviews if suspicious activity is detected. Circumventing these restrictions is a material breach of these Terms and may result in immediate account termination and forfeiture of any funds.
9. KYC/AML Compliance
Manic Trade currently employs automated sanctions screening, self-certification, and geolocation-based access controls. Manic Trade does not require full Know Your Customer (KYC) identity verification at this time but reserves the right to implement KYC requirements at any point, including retroactively for existing users, as required by applicable law or as determined necessary by Manic Trade in its sole discretion.
Manic Trade reserves the right to suspend or terminate any account and freeze any associated funds if it has reasonable grounds to suspect that the account is being used in connection with prohibited activities, sanctions evasion, or by a person located in a Blocked Jurisdiction.
10. Deposits and Withdrawals
Manic Trade does not process fiat currency transactions. All deposits and withdrawals are conducted in supported cryptocurrencies via the Solana blockchain.
Deposits are credited upon on-chain confirmation. Withdrawal requests are processed within a commercially reasonable timeframe, subject to smart contract settlement cycles, network conditions, and any applicable compliance review.
Manic Trade reserves the right to impose minimum and maximum deposit and withdrawal amounts, which will be displayed on the Platform.
11. Fees
Manic Trade charges a fee on each trade, which is reflected in the payout structure. The effective fee is embedded in the difference between the theoretical fair-value payout and the actual payout offered by the Platform. The current payout rates for each multiplier level are displayed on the trading interface prior to trade execution.
For the avoidance of doubt, at a 1.0x multiplier, a winning trade returns approximately 170% of the committed amount (i.e., the original commitment plus approximately 70% profit). The difference between the theoretical 200% fair-value payout and the actual payout constitutes the Platform's fee.
Additional blockchain network fees (gas fees) may apply and are not controlled by or payable to Manic Trade. Fee schedules may be updated from time to time; any material change will be communicated with at least fourteen (14) days' prior notice.
12. Agent and API Trading
The Platform provides an application programming interface (API) and agent integration framework that enables automated trading. By using the Agent/API interface, you acknowledge and agree that:
- (a) you are solely responsible for the behavior, trading decisions, and losses incurred by any automated system or agent operating under your API credentials;
- (b) API keys are confidential and must not be shared with third parties;
- (c) Manic Trade may impose rate limits, position limits, or other safeguards on API trading;
- (d) agent accounts maintain isolated balances separate from your primary account; and
- (e) Manic Trade may suspend or revoke API access at any time if it detects abusive, manipulative, or anomalous trading patterns.
13. Incentives and Rewards
Manic Trade may offer incentives such as airdrops, points, or fee discounts to eligible users. The terms, eligibility, and duration of any incentive program will be published on the Platform. Users from sanctioned or Blocked Jurisdictions are not eligible for any incentives or rewards.
14. Tokens
Manic Trade does not issue a native token at launch. We may launch or support tokens in the future, subject to additional terms that will be published at that time.
15. Listings and Delistings
The assets available for trading on Manic Trade are selected by the protocol team or multisig. We reserve the right to add, delist, or limit trading on any asset at any time, with or without prior notice.
16. Admin Privileges and Governance
Manic Trade retains administrative control over the Platform's smart contracts through a multisig governance mechanism. Administrative actions may include fee updates, addition or removal of supported assets, protocol pausing, and contract upgrades. Manic Trade is not a decentralized autonomous organization (DAO), and governance decisions are made by Manic Trade in its sole discretion.
17. Third-Party Dependencies
The Platform integrates with or relies upon third-party services including but not limited to blockchain networks (Solana), price oracles (Pyth Network), wallet providers (Turnkey), RPC providers (Helius), and analytics tools (Google Analytics, PostHog). Manic Trade is not responsible for the availability, accuracy, or security of any third-party service. Your use of third-party services is subject to their respective terms and privacy policies.
18. Intellectual Property
All content, software, smart contracts, trademarks, logos, and other intellectual property associated with the Platform are owned by or licensed to Manic Trade Inc. You are granted a limited, non-exclusive, non-transferable, revocable license to access and use the Platform for its intended purposes, subject to these Terms. You may not copy, modify, distribute, sell, or create derivative works based on the Platform or its content without Manic Trade's prior written consent.
19. Risk Disclosures
Trading on the Platform involves substantial risk. By using the Platform, you acknowledge and accept the following risks:
- (a) Total Loss Risk. You may lose 100% of the amount committed to any single trade. The use of higher multipliers increases both potential payout and the probability of total loss. You should never trade with funds you cannot afford to lose.
- (b) No Guaranteed Returns. Past performance, win rates, or trading strategies referenced in any Manic Trade materials (including blog posts, tutorials, and marketing content) do not guarantee future results. Trading outcomes depend on market conditions that are inherently unpredictable.
- (c) Smart Contract Risk. The Platform's smart contracts may contain undiscovered vulnerabilities, bugs, or exploits that could result in loss of funds.
- (d) Blockchain and Network Risk. The Solana blockchain may experience congestion, outages, forks, or other disruptions that affect trade execution or settlement.
- (e) Oracle Risk. Price data is sourced from Pyth Network and other on-chain oracles. Oracle failures, manipulation, or delays may result in trades settling at incorrect prices.
- (f) Market Volatility. Cryptocurrency and commodity markets are highly volatile. Rapid price movements may result in trades settling unfavorably before you can take any action.
- (g) Regulatory Risk. The regulatory environment for digital assets and blockchain-based trading platforms is evolving. Changes in law or regulation in any jurisdiction may adversely affect the Platform's availability or your ability to use it.
- (h) Wallet and Key Management Risk. You are solely responsible for the security of your private keys and wallet credentials. Loss of private keys may result in permanent loss of access to your funds.
- (i) Infrastructure Risk. The Platform depends on third-party infrastructure providers. Failures in hosting, content delivery, or other infrastructure may result in service interruptions.
- (j) Counterparty Risk. While the Platform is non-custodial, smart contract interactions involve counterparty risk related to the Platform's liquidity pool and settlement mechanisms.
- (k) Admin Privilege Risk. Manic Trade's administrative control over smart contracts creates a degree of centralization risk, including the potential for unilateral changes to Platform parameters.
- (L) DELEGATED AUTHORIZATION RISK. IF YOU AUTHORIZE DELEGATED ACCESS, ELIGIBLE TRANSACTIONS MAY BE INITIATED, SIGNED, BROADCAST, OR OTHERWISE SUBMITTED WITHOUT SEPARATE APPROVAL FROM YOU FOR EACH TRANSACTION. BUGS, INCORRECT SETTINGS, COMPROMISED CREDENTIALS, INACCURATE INSTRUCTIONS, DELAYED REVOCATION, OR FAILURES BY THIRD-PARTY WALLET INFRASTRUCTURE PROVIDERS MAY RESULT IN TRANSACTIONS OR LOSSES THAT YOU DID NOT SPECIFICALLY REVIEW IMMEDIATELY BEFORE EXECUTION.
20. Force Majeure and Protocol Events
Manic Trade shall not be liable for any loss, delay, or failure in performance resulting from causes beyond its reasonable control, including but not limited to: Solana network congestion, outages, or forks; oracle or price feed failures; smart contract bugs or exploits discovered after deployment; acts of God; cyberattacks; governmental actions or regulatory orders; or failures of third-party service providers.
In the event of a material protocol disruption affecting open positions, Manic Trade will use commercially reasonable efforts to (a) notify affected users as promptly as practicable, and (b) resolve or settle affected open positions in a fair and transparent manner. The method of resolution (including but not limited to voiding, settling at last available price, or rolling back affected trades) shall be determined by Manic Trade in its sole discretion and communicated to users.
21. Limitation of Liability
TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT SHALL MANIC TRADE, ITS DIRECTORS, OFFICERS, EMPLOYEES, AGENTS, OR AFFILIATES BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING BUT NOT LIMITED TO LOSS OF PROFITS, DATA, USE, OR GOODWILL, ARISING OUT OF OR IN CONNECTION WITH YOUR USE OF THE PLATFORM.
MANIC TRADE'S TOTAL AGGREGATE LIABILITY TO ANY USER FOR ALL CLAIMS ARISING OUT OF OR RELATING TO THESE TERMS OR THE PLATFORM SHALL NOT EXCEED THE GREATER OF: (A) FIVE (5) TIMES THE TOTAL FEES PAID BY SUCH USER TO MANIC TRADE DURING THE TWELVE (12) MONTHS PRECEDING THE CLAIM; OR (B) ONE HUNDRED U.S. DOLLARS (US$100).
22. Indemnification
You agree to indemnify, defend, and hold harmless Manic Trade Inc. and its directors, officers, employees, agents, and affiliates from and against any and all claims, damages, losses, liabilities, costs, and expenses (including reasonable attorneys' fees) arising out of or relating to: (a) your use of the Platform; (b) your violation of these Terms; (c) your violation of any applicable law or regulation; or (d) any false or misleading self-certification provided by you.
23. Dispute Resolution
23.1 Binding Arbitration
Any dispute, claim, or controversy arising out of or relating to these Terms or the Platform ("Dispute") shall be resolved by final and binding arbitration administered by the Centro de Conciliacion y Arbitraje de Panama (CeCAP) in accordance with its then-current arbitration rules. The seat of arbitration shall be Panama City, Republic of Panama. The language of the arbitration shall be English. The arbitration shall be conducted by a single arbitrator appointed in accordance with the CeCAP rules.
23.2 Costs
Each party shall bear its own attorneys' fees and costs. Arbitrator fees and administrative costs shall be shared equally between the parties unless the arbitrator determines that a different allocation is warranted.
23.3 Class Action Waiver
YOU AGREE THAT ANY DISPUTE RESOLUTION PROCEEDINGS WILL BE CONDUCTED ON AN INDIVIDUAL BASIS AND NOT AS PART OF ANY CLASS, CONSOLIDATED, OR REPRESENTATIVE ACTION. YOU WAIVE ANY RIGHT TO PARTICIPATE IN A CLASS ACTION LAWSUIT OR CLASS-WIDE ARBITRATION.
23.4 Small Claims Exception
Notwithstanding the foregoing, either party may bring an individual action in a court of competent jurisdiction in Panama City for disputes within the jurisdictional limits of such court.
23.5 Governing Law
These Terms shall be governed by and construed in accordance with the laws of the Republic of Panama, without regard to its conflict-of-laws principles.
24. Modifications to Terms
We may modify these Terms from time to time. If we make material changes, we will provide at least fourteen (14) days' prior notice by posting the updated Terms on the Platform and displaying a prominent in-app notification. The notice will identify the material changes and their effective date.
Your continued use of the Platform after the effective date of the updated Terms constitutes acceptance. If you do not agree with any modification, you must discontinue use of the Platform and withdraw any remaining funds before the effective date.
25. Termination
We may suspend or terminate your access to the Platform:
- (a) immediately, if we reasonably believe you have engaged in fraud, sanctions evasion, or other prohibited conduct, or if required by applicable law or a regulatory or legal order; or
- (b) upon seven (7) days' prior notice, for any other reason.
In all cases of termination, we will provide you a reasonable period of not less than fourteen (14) days to withdraw any funds remaining in your account, unless such withdrawal is prohibited by applicable law or a legal or regulatory order. Upon termination, your right to use the Platform ceases immediately, but provisions of these Terms that by their nature should survive (including Sections 18, 19, 20, 21, 22, 23, and this Section 25) shall remain in effect.
26. Severability
If any provision of these Terms is held to be invalid, illegal, or unenforceable, the remaining provisions shall continue in full force and effect. The invalid or unenforceable provision shall be modified to the minimum extent necessary to make it valid and enforceable while preserving the parties' original intent.
27. Entire Agreement
These Terms, together with the Privacy Policy and any applicable promotional terms, constitute the entire agreement between you and Manic Trade Inc. with respect to the Platform and supersede all prior or contemporaneous communications, whether oral or written.
28. Contact
If you have any questions about these Terms, please contact us at:
Manic Trade Inc.
Email: support@manic.trade