Terms of Service

Last updated: February 10, 2025

1. Acceptance of Terms

By accessing or using purple.trade ("the platform", "the service"), you agree to be bound by these Terms of Service. If you do not agree to these terms, do not use the platform. These terms apply to all users of the platform, including those accessing it via the Solana dApp Store, web browser, or any other means.

2. Description of Service

purple.trade is a decentralized frontend interface for interacting with the Percolator perpetual futures protocol on the Solana blockchain. The platform provides:

  • •A trading interface for opening and closing perpetual futures positions
  • •Market discovery and live price data
  • •A token launchpad for creating new markets

The platform is a user interface only. All trading activity occurs directly on the Solana blockchain through smart contract interactions. purple.trade does not custody, control, or have access to your funds at any time.

3. Eligibility

You must be at least 18 years of age to use the platform. By using purple.trade, you represent and warrant that you are of legal age in your jurisdiction and that your use of the platform complies with all applicable laws and regulations in your jurisdiction. You are solely responsible for ensuring that your use of the platform is lawful where you reside.

4. Risk Disclosure

Trading involves substantial risk of loss. Perpetual futures are leveraged financial instruments. You can lose more than your initial deposit. Never trade with funds you cannot afford to lose.

By using the platform, you acknowledge and accept the following risks:

  • •Market risk — Token prices are volatile and can move against your position rapidly, resulting in partial or total loss of your collateral
  • •Liquidation risk — Leveraged positions can be liquidated if the margin ratio falls below the maintenance threshold
  • •Smart contract risk — The Percolator protocol is experimental software and may contain bugs or vulnerabilities despite formal verification efforts
  • •Blockchain risk — Solana network congestion, outages, or RPC failures may prevent you from closing positions or withdrawing funds in a timely manner
  • •Oracle risk — Price oracle malfunction or manipulation could affect trading outcomes and liquidations

5. No Financial Advice

Nothing on purple.trade constitutes financial, investment, legal, or tax advice. The platform provides tools for interacting with on-chain protocols — it does not recommend or endorse any particular trading strategy, token, or market. You are solely responsible for your own trading decisions. Consult a qualified financial advisor before making any investment decisions.

6. User Responsibilities

As a user of the platform, you agree to:

  • •Maintain the security of your wallet and private keys
  • •Understand the risks associated with leveraged trading before placing trades
  • •Comply with all applicable laws and regulations in your jurisdiction
  • •Not use the platform for any unlawful purpose, including market manipulation or money laundering
  • •Not attempt to exploit, attack, or interfere with the platform or the underlying smart contracts

7. Intellectual Property

The purple.trade frontend, branding, and design are proprietary. The underlying Percolator protocol is open-source software. Use of the platform does not grant you any rights to our trademarks, logos, or other intellectual property. The open-source components are governed by their respective licenses.

8. Disclaimer of Warranties

THE PLATFORM IS PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT. WE DO NOT WARRANT THAT THE PLATFORM WILL BE UNINTERRUPTED, ERROR-FREE, OR SECURE. WE DO NOT WARRANT THE ACCURACY OR RELIABILITY OF ANY INFORMATION DISPLAYED ON THE PLATFORM, INCLUDING PRICE DATA, POSITION CALCULATIONS, OR PROFIT/LOSS ESTIMATES.

9. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW, PURPLE.TRADE AND ITS CONTRIBUTORS SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING BUT NOT LIMITED TO LOSS OF PROFITS, LOSS OF FUNDS, LOSS OF DATA, OR OTHER INTANGIBLE LOSSES, ARISING FROM YOUR USE OF THE PLATFORM OR INABILITY TO USE THE PLATFORM. THIS INCLUDES LOSSES RESULTING FROM SMART CONTRACT BUGS, ORACLE FAILURES, NETWORK OUTAGES, LIQUIDATIONS, OR ANY OTHER ASPECT OF DECENTRALIZED TRADING.

10. Service Modifications

We reserve the right to modify, suspend, or discontinue any aspect of the platform at any time without notice. This includes adding or removing markets, changing fee structures (determined by on-chain parameters), or updating the user interface. We are not liable for any modification, suspension, or discontinuation of the platform.

11. Changes to Terms

We may update these terms from time to time. Changes will be posted on this page with an updated revision date. Continued use of the platform after changes are posted constitutes your acceptance of the revised terms. It is your responsibility to review these terms periodically.

12. Contact

For questions about these terms, contact us at tradeonpurple@proton.me or on X at @tradeonpurple.