1. What this service is
PonsPerp Labs operates a proprietary trading evaluation program. You pay a one-off fee to attempt an evaluation on a simulated account. The account is denominated in US dollars, priced from real on-chain data, and exists entirely in our systems. It is not a brokerage account, it holds no client funds, and no order placed in it is routed to any exchange, market maker or public venue.
If you complete an evaluation under the published rules, the account becomes funded. A funded account is also simulated. What is real is the payout: a share of the simulated profit, paid to a wallet you nominate, under the conditions in section 6.
We are not a broker-dealer, an investment adviser, a bank, a money transmitter or a custodian. We do not provide investment, tax or legal advice. Nothing on this site is an offer or solicitation to buy or sell any security or financial instrument, and no part of the service is an offering of securities. You are buying access to an evaluation, and nothing else.
2. Eligibility
You must be at least 18 years old and have the legal capacity to enter into a contract. You must be acting on your own behalf, with your own wallet and your own funds. You must not be a person or entity designated on any sanctions list maintained by the United States, the European Union, the United Kingdom or the United Nations, nor owned or controlled by such a person.
We may require you to confirm eligibility at any time and may refuse or close any account where we reasonably believe these conditions are not met. We do not currently run identity verification; that is a decision about product surface, not a waiver of the requirements above.
Before your wallet can write anything — buy an evaluation, place an order, arm a trigger, request a payout — you must sign the jurisdiction attestation described in section 3.3. It restates the conditions of this section and of section 3, and it is signed by the wallet itself. There is no way to trade here without having made those statements.
3. Restricted jurisdictions
Two lists apply, for two different reasons. Both are enforced by the platform, not merely stated here: the same module drives the network-edge block, the API and this page, so they cannot disagree.
3.1 Service fully refused
You may not purchase an evaluation, hold an account or receive a payout if you are a resident of, located in, or ordinarily present in a jurisdiction subject to comprehensive United States sanctions. As of the date above these are:
- Cuba
- Iran
- North Korea (DPRK)
- Syria
- The Crimea, Donetsk, Luhansk regions of Ukraine
3.3 How this is enforced
Three layers, and we state them plainly because two of them are defeatable. First, the country reported by our network edge blocks requests from a fully restricted jurisdiction. Second, when no such signal exists, a local IP database is consulted before any write. Third — and this is the one that binds you — every wallet must sign a jurisdiction attestation (currently version 1) before it can buy, trade, arm an order or request a payout. That signature is stored with its timestamp and the exact text signed.
Beyond these lists, we may restrict any jurisdiction at any time, with or without notice, including where local law makes the service unlawful, where a regulator instructs us to, or where we judge the legal position too uncertain to continue. If your jurisdiction becomes restricted while you hold an account, we will close the account and, where lawfully possible, settle any payout already earned and cleared under section 6.
Using a VPN, proxy, or any other means to misrepresent your location is a material breach of these terms and forfeits the account and any pending payout. Signing the attestation while one of its statements is false is the same breach, in your own signature.
4. The evaluation account
An evaluation is bought by a transaction against our escrow contract. That transaction is the purchase: there is no separate confirmation step and nothing expires. Once the challenge exists on chain, the fee is non-refundable. This is not a convenience for us, it is a consequence of the design: the account is created by the event your transaction emits, and it starts consuming a real evaluation slot immediately.
One purchase buys one cycle. A breached account is terminal: it is not reset, not extended and not credited. Continuing means buying another evaluation. There is no time limit on an evaluation, and you may hold positions overnight and across weekends.
A wallet may hold several accounts, including on both tracks. Each account is evaluated independently. Accounts are public by design: balances, positions, fills and phase are readable by anyone, and appear on public leaderboards. If you do not want that, do not open an account.
Free accounts obtained through a redeem code or a competition are governed by exactly these terms and the same rules. They are not a different product.
5. Trading rules
The trading rules that apply to your account are the ones published on /rules. That page is generated from the same rules module the engine enforces, so it cannot disagree with what happens to your account. It is the authoritative statement of profit targets, drawdown limits, daily loss limits, position caps, order minimums, splits and payout thresholds. The handbook explains the mechanisms; where the two ever differ, /rules governs.
Your rules are frozen at account creation. The ruleset is snapshotted onto your account when it is created, and later changes to the published grid do not apply to it. We will not move a target, a floor or a split on an account already open.
Fills are priced from on-chain anchors as described in the handbook. Prices, marks, oracle rounds and pool state come from third-party networks and contracts we do not control. A market order may be refused when a feed is stale, when an oracle is paused, or when the price impact of your size exceeds the guard rail. A refusal is a rule outcome, not a malfunction.
6. Payouts
A funded account may request a payout of its share of realized profit. Payouts are discretionary, within the rules published on /rules. Concretely, that means two things. First, if the published conditions are not met, the request is refused and the quote tells you exactly which condition failed and by how much. Second, meeting every published condition creates a strong expectation of payment but not an unconditional entitlement: we may withhold or reverse a payout where we reasonably believe it results from conduct listed in section 7, from a defect in our own systems, or from a manipulated or erroneous price.
The conditions are the minimum funding period, the cooldown between payouts, the winning-day requirement, minimum total profit, minimum new profit for the cycle, the consistency limit for that payout number, and the per-plan minimum and cap. The figures are on /rules and are not restated here so they cannot drift.
Payouts are sent to the payout wallet you register, which may differ from your trading wallet. You are solely responsible for that address being correct and under your control. An on-chain transfer to an address you supplied is final and cannot be recalled by us.
No settlement time is guaranteed. A payout is queued and broadcast as a blockchain transaction. Network congestion, node failures, chain reorganizations or treasury operations can delay it. We do not promise a processing window, and a delay is not by itself a breach of these terms.
You are responsible for any tax arising from a payout, and for reporting it where you live.
7. Prohibited conduct
The following forfeit the account and any pending payout, and may lead to the closure of every account you control:
- Multi-account abuse. Operating accounts through nominees or additional wallets in order to hedge one account against another, to multiply attempts at a single outcome, or to defeat a per-wallet limit on a competition, a redeem code or a free challenge.
- Latency and oracle exploitation. Trading on knowledge of an oracle update before it is reflected, exploiting a stale feed, a paused oracle, a mispriced mark or a chain reorganization, or systematically routing orders to capture a known publication schedule rather than to express a view.
- Market manipulation. Trading, or causing others to trade, the underlying pools, curves or tokens in order to move a price your account is exposed to. This includes deploying or funding a token to trade it on your own account.
- Collusion. Coordinating with other participants to take opposing positions, to share an outcome, or to farm competition rankings.
- Automation that abuses the platform. Bots are not forbidden. Bots that exist to spam the order queue, to probe for pricing errors, to scrape at a rate that degrades service, or to exploit a defect are.
- Circumventing gating. Misrepresenting your jurisdiction or identity, bypassing a restriction, or using another person's wallet or session.
- Attacking the service: unauthorized access, denial of service, reverse engineering our signing keys, or interfering with the engine or the contracts.
Finding and reporting a genuine defect is not prohibited conduct. Exploiting one for profit and staying quiet about it is.
8. Wallets, sessions and data
Your wallet is your identity here. Every write operation requires a signed session proving control of the address; we never accept an instruction merely because it names an address. We do not hold your private keys and cannot recover them. If you lose access to your wallet, we cannot restore access to the account or redirect a payout, and we will not transfer an account to a different address on request.
Account data (fills, receipts, positions, phase, certificates) is public and remains published after an account is breached or closed. Receipts and on-chain commitments are, by construction, permanent.
9. Intellectual property
The platform, its interface, its content and its trademarks belong to PonsPerp Labs or its licensors. You get a personal, non-exclusive, non-transferable, revocable licence to use the service for its intended purpose. You may not copy, resell, sublicense or use the platform to build a competing service.
Your receipts are yours. You may publish, share and verify them anywhere, and you may reuse our open verification tooling for that purpose under its own licence. Screenshots, certificates and performance figures from your own account are yours to post.
The name, wordmark and visual identity currently in use are placeholders pending final branding, and will change.
10. Disclaimers and limitation of liability
The service is provided as is and as available, without warranty of any kind, express or implied, including merchantability, fitness for a particular purpose, uninterrupted availability and accuracy of any price, mark or figure. Read the Disclaimers: they are part of these terms.
We do not warrant that the platform will be available, that prices will be current, that an order will fill, that a trigger will fire at any particular price, or that a blockchain we depend on will operate. We are not liable for the acts, outages, pricing or failures of third parties, including RPC providers, oracle networks, blockchains, wallets and decentralized exchanges.
To the maximum extent permitted by law, we are not liable for indirect, incidental, special, consequential or punitive damages, nor for lost profits, lost opportunity or simulated gains that were not paid out. Our total aggregate liability to you, for any and all claims, is limited to the fees you actually paid us in the twelve months preceding the claim. Some jurisdictions do not allow certain exclusions; where that is the case, the exclusions apply to the fullest extent permitted.
11. Suspension and termination
We may suspend or terminate an account, refuse a purchase or withhold a payout where we reasonably believe there has been a breach of these terms, where required by law or a competent authority, or where continuing would expose us or other participants to sanctions or fraud risk. We will state the reason unless doing so is unlawful or would compromise an investigation.
You may stop using the service at any time. Stopping does not entitle you to a refund of an evaluation fee, and does not cancel a payout already cleared.
We may discontinue the service, a track or a plan. If we do, we will publish notice, stop selling the affected evaluations, and settle payouts that are already eligible under section 6 where lawfully possible.
12. Changes to these terms
We may amend these terms. The date at the top of this page changes when we do, and the amended version applies to accounts opened after that date and to your continued use of the platform. Amendments do not retroactively change the trading ruleset frozen on an account you already hold: that is governed by section 5.
13. Governing law and disputes
These terms are governed by the laws of the jurisdiction in which PonsPerp Labs is established, without regard to conflict of law rules. The courts of that jurisdiction have exclusive jurisdiction over any dispute, except where mandatory consumer protection law in your country of residence gives you the right to bring proceedings elsewhere.
Before starting proceedings, contact us: most disputes about a payout, a blocker or a fill can be settled by looking at the receipt together.
If any provision is held unenforceable, the rest stays in force. Our failure to enforce a provision is not a waiver of it.
14. Contact
Write to legal@ponsperp.xyz for anything in this document, and to support@ponsperp.xyz for an account or a payout. Quote your account identifier: it is a 32 byte value, it is public, and it is enough for us to find everything, including the receipt of any fill you want to discuss.
PonsPerp Labs is a placeholder entity name pending incorporation and final branding. Contact addresses will change with it.