Terms and Conditions
Last updated: 11/23/2025
1. Acceptance of Terms
By accessing and using Futarchy402, you accept and agree to be bound by these Terms and Conditions. If you do not agree to these terms, please do not use the platform.
2. Description of Service
Futarchy402 is a DAO governance platform built on the Solana blockchain. Users can participate in polls by staking USDC tokens. The platform facilitates:
- Voting on project proposals with financial stakes
- Tracking voting positions and profit/loss
- Gasless transactions via the X402 protocol
- Winner-takes-all parimutuel betting mechanics
3. Eligibility
To use Futarchy402, you must:
- Be at least 18 years of age
- Have the legal capacity to enter into binding contracts
- Not be located in a jurisdiction where prediction markets or similar services are prohibited
- Comply with all applicable local, state, national, and international laws
4. Wallet Connection and Security
You are responsible for:
- Maintaining the security of your Solana wallet and private keys
- All activities that occur under your wallet address
- Ensuring your wallet has sufficient USDC for voting
- Understanding that we cannot recover lost or stolen funds
We currently support Phantom wallet only. You must have Phantom installed and configured to use the platform.
5. Voting and Financial Risk
By participating in polls, you acknowledge and agree that:
- The winning side takes all - If your side wins, you receive a proportional share of the total pot
- The losing side loses all - If your side loses, you lose your entire stake (100% loss)
- Minimum entry fee is $0.01 USDC
- Entry fees are dynamic and change based on market demand
- All transactions are final and irreversible once submitted to the blockchain
- Each wallet can only vote once per poll
- You may lose all funds you stake
- Past performance does not indicate future results
6. X402 Protocol and Gasless Transactions
Futarchy402 uses the X402 protocol to enable gasless transactions. While you do not pay Solana network fees, you are still responsible for the USDC voting stakes. By using the platform, you authorize the facilitator to co-sign and submit transactions on your behalf.
7. Treasury Ownership and Rights
7.1 Treasury Ownership
All project treasuries created within the Futarchy402 system are owned and controlled by Futarchy402. Project creators do not have direct ownership or control over treasury funds or assets.
7.2 Transaction Rights
Project creators have the right to request transactions from their associated treasuries through the governance mechanism provided by the platform (proposals and community polls). All treasury transactions must be conducted through this official process, unless an explicit request has been made to and approved by the Futarchy402 team.
7.3 Treasury Freezing and Abandonment
Futarchy402 reserves the right, at its sole discretion and upon reasonable suspicion of any of the following, to immediately freeze treasury funds and mark the associated project as "abandoned":
- Illicit activities related to the project or its creators
- Market manipulation or fraudulent poll activity
- Ill intent regarding the project, its associated products, or entities
- Violation of any terms outlined in this agreement
- Activities that pose legal, regulatory, or reputational risk to Futarchy402
Once a treasury is marked as "abandoned," the project creator loses all rights to request transactions or access treasury funds. This decision is final and at the sole discretion of Futarchy402.
8. Platform Fees
Futarchy402 charges the following fees for platform services. All fees are subject to change at any time without prior notice. Continued use of the platform after fee changes constitutes acceptance of the new fee structure.
8.1 Current Fee Structure
- Poll Creation Fee: 0.1 SOL per proposal/poll created
- Platform Fee: 3% of transaction fees and creator rewards claimed from project tokens
8.2 Fee Payment
All fees are automatically deducted from the relevant transactions or treasury operations. Fees are non-refundable under any circumstances.
9. Token Disclaimer
By creating or interacting with tokens on the Futarchy402 platform, you acknowledge and agree to the following:
- All tokens associated with projects on Futarchy402 have no inherent value
- Tokens are created for governance and community engagement purposes only
- Token prices are determined solely by market forces and can be extremely volatile
- You may lose your entire investment in any token
- Futarchy402 makes no representations or warranties regarding token value or performance
- Futarchy402 is not responsible for the performance, success, or failure of any project tokens
- Project creators are solely responsible for their project's development and success
- No guarantee exists that tokens will maintain any value or be tradable
- Tokens may become worthless at any time for any reason
INVESTMENT RISK: Cryptocurrency investments are highly speculative and risky. Never invest more than you can afford to lose. This is not financial advice.
10. Prohibited Activities
You agree not to:
- Manipulate or attempt to manipulate poll outcomes
- Create multiple wallets to circumvent voting restrictions
- Engage in wash trading or coordinated market manipulation
- Violate any applicable laws or regulations
- Interfere with the proper functioning of the platform
- Attempt to gain unauthorized access to the platform or its systems
- Engage in fraudulent activities or misrepresent project information
- Use the platform for money laundering or other illicit purposes
11. Platform Availability and Changes
We reserve the right to modify, suspend, or discontinue the platform (or any part thereof) at any time with or without notice. We are not liable for any modification, suspension, or discontinuance of the service.
12. Disclaimers and Limitation of Liability
12.1 No Warranties
THE PLATFORM IS PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED. WE DO NOT GUARANTEE THAT THE PLATFORM WILL BE UNINTERRUPTED, SECURE, OR ERROR-FREE.
12.2 Not Financial Advice
Nothing on this platform constitutes financial, investment, legal, or tax advice. You should consult with appropriate professionals before making any financial decisions.
12.3 Limitation of Liability
TO THE MAXIMUM EXTENT PERMITTED BY LAW, WE SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, OR ANY LOSS OF PROFITS OR REVENUES, WHETHER INCURRED DIRECTLY OR INDIRECTLY, OR ANY LOSS OF DATA, USE, GOODWILL, OR OTHER INTANGIBLE LOSSES.
13. Blockchain Risks
You acknowledge and accept the following blockchain-related risks:
- Blockchain transactions are irreversible and immutable
- Network congestion may delay or prevent transactions
- Smart contract vulnerabilities may exist
- Regulatory changes may affect platform operations
- Cryptocurrency prices are volatile and unpredictable
14. Intellectual Property
All content, features, and functionality of the platform are owned by Futarchy402 and are protected by copyright, trademark, and other intellectual property laws. You may not reproduce, distribute, or create derivative works without our express written permission.
15. Indemnification
You agree to indemnify, defend, and hold harmless Futarchy402 and its affiliates from any claims, damages, losses, liabilities, and expenses (including legal fees) arising from your use of the platform or violation of these Terms.
16. Dispute Resolution
Any disputes arising from these Terms or your use of the platform shall be resolved through binding arbitration in accordance with applicable arbitration rules. You waive your right to participate in class actions.
17. Governing Law
These Terms shall be governed by and construed in accordance with applicable laws, without regard to conflict of law principles.
18. Severability
If any provision of these Terms is found to be unenforceable or invalid, that provision shall be limited or eliminated to the minimum extent necessary, and the remaining provisions shall remain in full force and effect.
19. Changes to Terms
We reserve the right to modify these Terms at any time. We will notify users of material changes by updating the "Last updated" date. Your continued use of the platform after changes constitutes acceptance of the modified Terms.
20. User Content and Moderation
20.1 User-Generated Content
All content uploaded to the platform, including but not limited to project images, descriptions, names, social media links, and proposal information, is uploaded and provided by users. By uploading content, you represent and warrant that you have all necessary rights to such content and that it does not violate any third-party rights or applicable laws.
20.2 Content Ownership and License
You retain ownership of content you upload. However, by uploading content to Futarchy402, you grant us a worldwide, non-exclusive, royalty-free license to use, display, reproduce, and distribute such content in connection with operating and promoting the platform.
20.3 Content Moderation
We reserve the right, but not the obligation, to monitor, review, and remove any user content at our sole discretion if we detect or suspect:
- Violations of these Terms or applicable laws
- Offensive, harmful, or inappropriate content
- Fraudulent, misleading, or deceptive information
- Copyright or trademark infringement
- Content that poses risk to users or the platform
Important: We make reasonable efforts to moderate content, but due to the decentralized nature of blockchain technology and system limitations, we cannot guarantee that all content will be reviewed or moderated. Users access and rely on platform content at their own risk.
21. Account Termination and Suspension
21.1 Termination Rights
Futarchy402 reserves the right to suspend or terminate your access to the platform at any time, with or without cause, and with or without notice, for any reason including but not limited to:
- Violation of these Terms
- Fraudulent or illegal activity
- Market manipulation or abuse
- Risk to platform security or integrity
- Extended period of inactivity
21.2 Effect of Termination
Upon termination or suspension, your right to access and use the platform immediately ceases. All provisions of these Terms that by their nature should survive termination shall survive, including ownership provisions, warranty disclaimers, indemnification, and limitations of liability. Blockchain transactions completed prior to termination remain immutable and cannot be reversed.
21.3 User-Initiated Termination
You may cease using the platform at any time by disconnecting your wallet. However, this does not affect any obligations or liabilities incurred prior to termination, and on-chain transactions remain permanent.
22. Force Majeure
Futarchy402 shall not be liable for any failure to perform its obligations under these Terms where such failure results from any cause beyond our reasonable control, including but not limited to:
- Natural disasters, acts of God, epidemics, or pandemics
- War, terrorism, civil unrest, or government action
- Blockchain network failures, forks, or consensus failures
- Internet service provider failures or denial-of-service attacks
- Changes in laws, regulations, or government policies
- Failures of third-party services (Solana network, RPC providers, etc.)
- Smart contract vulnerabilities or exploits beyond our control
In such events, our obligations shall be suspended for the duration of the force majeure event, and we shall not be liable for any damages or losses resulting therefrom.
23. Export Compliance and Sanctions
23.1 Export Control Laws
You agree to comply with all applicable export control and sanctions laws, including those administered by the U.S. Department of Treasury's Office of Foreign Assets Control (OFAC), the U.S. Department of Commerce, and similar authorities in other jurisdictions.
23.2 Prohibited Jurisdictions
You may not use the platform if you are located in, or a resident of, any jurisdiction where the use of cryptocurrency platforms or prediction markets is prohibited or restricted, including but not limited to:
- Countries subject to comprehensive OFAC sanctions (including Cuba, Iran, North Korea, Syria, Russia, and the Crimea region)
- Any jurisdiction where your use would violate applicable law
23.3 Sanctions Screening
We reserve the right to implement wallet screening and block access to users from sanctioned jurisdictions or those appearing on sanctions lists. We may suspend or terminate accounts that violate sanctions laws.
24. Anti-Money Laundering (AML) and Know Your Customer (KYC)
24.1 Compliance Obligations
Futarchy402 is committed to preventing money laundering and terrorist financing. We reserve the right to implement AML and KYC procedures as required by applicable laws and regulations.
24.2 Identity Verification
We may, at our sole discretion and without prior notice, require identity verification before allowing certain activities, including:
- Large treasury withdrawals or transactions
- Suspicious activity patterns
- Compliance with regulatory requirements
Failure to provide requested information may result in suspension or termination of platform access and freezing of associated treasuries.
24.3 Suspicious Activity Reporting
We reserve the right to report suspicious transactions or activities to relevant authorities as required by law, without notifying the user.
25. Third-Party Links and Services
The platform may contain links to third-party websites, services, or resources, including social media links provided by project creators (X/Twitter, Telegram, Discord, GitHub, TikTok, websites, etc.).
25.1 No Endorsement
These links are provided for convenience only. We do not endorse, verify, or assume responsibility for any third-party content, products, services, or websites. Links provided by project creators are their sole responsibility.
25.2 Third-Party Risks
You access third-party links at your own risk. We are not liable for any damages, losses, or issues arising from your use of third-party services. You should review the terms and privacy policies of any third-party services you access.
25.3 Fraudulent Links
We make reasonable efforts to remove fraudulent or malicious links, but cannot guarantee that all links are safe. Exercise caution when clicking links and verify authenticity before providing any information or funds.
26. Tax Responsibility
You are solely responsible for determining, reporting, and paying all applicable taxes arising from your use of Futarchy402, including but not limited to:
- Income taxes on voting profits or rewards
- Capital gains taxes on cryptocurrency appreciation
- Value-added taxes (VAT) or sales taxes where applicable
- Any other taxes imposed by your jurisdiction
Important: Futarchy402 does not provide tax advice. We do not withhold taxes on your behalf and are not responsible for reporting your transactions to tax authorities. You should consult with a qualified tax professional regarding your tax obligations.
You acknowledge that cryptocurrency transactions may have complex tax implications and that you are responsible for maintaining accurate records of all your platform activities for tax purposes.
27. Relationship of Parties
Nothing in these Terms shall be construed to create a partnership, joint venture, agency, employment, or fiduciary relationship between you and Futarchy402. You have no authority to bind Futarchy402 in any way, and Futarchy402 has no authority to bind you. Each party is an independent contractor with respect to the subject matter of these Terms.
The relationship between project creators and Futarchy402 is strictly that of independent parties. Project creators are not employees, agents, or representatives of Futarchy402, and Futarchy402 assumes no liability for projects, tokens, or activities conducted by project creators.
28. Entire Agreement
These Terms and Conditions, together with our Privacy Policy, constitute the entire agreement between you and Futarchy402 regarding your use of the platform and supersede all prior and contemporaneous understandings, agreements, representations, and warranties, both written and oral, regarding such subject matter.
No amendment to or modification of these Terms will be binding unless in writing and signed by an authorized representative of Futarchy402, or posted on the platform by Futarchy402. Any ambiguities in the interpretation of these Terms shall not be construed against the drafting party.
29. Contact Information
If you have any questions about these Terms, please contact us through our official communication channels.
By connecting your wallet and using Futarchy402, you acknowledge that you have read, understood, and agree to be bound by these Terms and Conditions.