Terms of Service & Disclaimer

01Acceptance of Terms

These Terms of Service and Risk Disclaimer (the "Terms") are a binding agreement between you ("you", "user") and Quant Terminal LLC, a Wyoming limited liability company and operator of Quant Terminal ("we", "us", the "Service"). The Service includes this website, the Quant Terminal application, all signals, dashboards, models, backtests, paper-trading features, alerts, content, and the waitlist.

By accessing, browsing, or using the Service in any manner, you acknowledge that you have read, understood, and agree to be bound by these Terms — whether or not you create an account, join the waitlist, or pay for anything. If you use the Service on behalf of another person or entity, you represent that you have authority to bind them, and "you" includes them.

02Not Financial Advice — Ever

NOTHING ON THE SERVICE IS, OR SHOULD BE TREATED AS, FINANCIAL, INVESTMENT, TRADING, LEGAL, ACCOUNTING, OR TAX ADVICE.

We are not a registered investment adviser, broker-dealer, commodity trading advisor, financial planner, or fiduciary, and we are not registered with the SEC, CFTC, FINRA, or any other financial regulator in any jurisdiction.
No signal, stance, score, "playbook," position size, stop level, alert, chart, or any other output of the Service is a recommendation, solicitation, or offer to buy, sell, hold, or short any asset.
Words like "LONG," "SHORT," "BUY," "CASH," "stance," "conviction," "playbook," and similar are descriptive labels of a mathematical model's output — not instructions, not advice, and not predictions tailored to you.
Nothing here considers your personal financial situation, objectives, or risk tolerance. Always do your own research and consult a licensed professional before making any financial decision.

03Educational & Informational Purpose Only

The Service is provided strictly for educational, informational, and research purposes. It is a software tool that visualizes public market data and applies published, simplified quantitative frameworks (e.g., MVRV, NVT, CVaR, Kelly criterion) so users can study them. It is the digital equivalent of a textbook with a calculator — what you do with it is entirely your decision and your responsibility.

04Assumption of Risk

CRYPTOASSETS ARE EXTREMELY HIGH-RISK. YOU CAN LOSE SOME OR ALL OF YOUR MONEY, QUICKLY AND WITHOUT WARNING.

Crypto prices are exceptionally volatile, trade 24/7, exhibit heavy-tailed behavior, and can crash 30%+ in a day. Liquidity can vanish. Exchanges can fail, freeze withdrawals, or be hacked. Tokens can go to zero. Regulation can change overnight.
Leverage and derivatives (futures, perpetuals, funding-rate strategies) can result in losses exceeding your initial capital and rapid forced liquidation.
By using the Service you knowingly and voluntarily assume all risks associated with any trading or investment decision you make, including the risk of total loss.
Never trade with money you cannot afford to lose. If you lose money — including after viewing anything on the Service — that loss is yours alone.

05Models, Signals, Backtests & Paper Trading

All models on the Service are simplified, experimental, and may be wrong. They rely on assumptions that can break, data that can be late or incorrect, and parameters that may not suit current market conditions.
Backtested and simulated results are hypothetical. They are produced with the benefit of hindsight, do not reflect real execution (slippage, fees, liquidity, outages, emotional factors), and are shown only to illustrate how a model would have behaved. Past performance — real or simulated — does not predict or guarantee future results. Historical splits and robustness checks reduce, but do not eliminate, the risk that results are curve-fit.
The paper-trading desk is a game-like simulation using fictional money. Simulated profits mean nothing about real-world results, and simulated execution is idealized.
Automated & AI-generated outputs. The signals, scores, stances, summaries, and other outputs of the Service are produced by automated quantitative models and software — and, where used, machine-learning or other algorithmic components — not by a human financial adviser. Automated and AI systems can and do produce results that are incorrect, incomplete, biased, outdated, or misleading, and they do not exercise judgment about your situation. You are responsible for independently verifying any output before relying on it. You acknowledge that any trading decision you make is based on your own independent judgment, even where that decision is informed or influenced by information displayed by the Service.
Signals can change at any time, can be delayed, can fail to update, and can disagree with reality. The Service may be unavailable, interrupted, or discontinued at any time without notice, and we are under no obligation to maintain, support, or continue offering any particular feature.

06Data Sources & Third-Party Content

The Service displays data from third-party providers (market data, on-chain metrics, exchange data, news feeds, sentiment indexes, social metrics). We do not control and cannot guarantee the accuracy, completeness, timeliness, or availability of any third-party data.
Data may be delayed, cached, estimated, approximated (and is labeled as such where practical), or simply wrong. Decisions made on bad data are still your decisions.
Links to or content from third parties (news headlines, external sites) do not imply our endorsement; their terms and privacy policies govern your use of their services.

07No Custody, No Brokerage, No Execution

The Service never holds, touches, transmits, or has access to your funds, wallets, private keys, or exchange accounts. There is no deposit feature; anything claiming otherwise is fraud — do not send assets to anyone claiming to be us.
The Service does not execute trades, route orders, or connect to your exchange accounts. Any trading you do happens entirely on third-party platforms, under their terms, at your direction.

08No Warranties — Provided "AS IS"

TO THE MAXIMUM EXTENT PERMITTED BY LAW, THE SERVICE AND ALL CONTENT ARE PROVIDED "AS IS" AND "AS AVAILABLE," WITH ALL FAULTS AND WITHOUT WARRANTY OF ANY KIND. WE EXPRESSLY DISCLAIM ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT, ACCURACY, RELIABILITY, AVAILABILITY, AND UNINTERRUPTED OR ERROR-FREE OPERATION. NO ORAL OR WRITTEN INFORMATION OBTAINED FROM US CREATES ANY WARRANTY.

09Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW, IN NO EVENT SHALL WE (OR OUR OWNERS, OPERATORS, EMPLOYEES, CONTRACTORS, OR DATA PROVIDERS) BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, EXEMPLARY, OR PUNITIVE DAMAGES, OR FOR ANY LOSS OF PROFITS, TRADING LOSSES, LOSS OF CAPITAL, LOSS OF DATA, OR LOSS OF OPPORTUNITY, ARISING OUT OF OR RELATED TO YOUR USE OF (OR INABILITY TO USE) THE SERVICE — WHETHER BASED ON CONTRACT, TORT, NEGLIGENCE, STRICT LIABILITY, OR ANY OTHER THEORY, AND EVEN IF WE WERE ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

IF, NOTWITHSTANDING THE ABOVE, WE ARE FOUND LIABLE FOR ANYTHING, OUR TOTAL AGGREGATE LIABILITY FOR ALL CLAIMS SHALL NOT EXCEED THE GREATER OF (A) THE AMOUNT YOU PAID US FOR THE SERVICE IN THE TWELVE (12) MONTHS BEFORE THE CLAIM AROSE, OR (B) FIFTY US DOLLARS ($50).

Some jurisdictions do not allow certain exclusions or limits; in those places, these provisions apply to the fullest extent permitted.

10Indemnification

You agree to defend, indemnify, and hold harmless us and our owners, operators, employees, contractors, and data providers from and against any claims, damages, losses, liabilities, costs, and expenses (including reasonable attorneys' fees) arising out of or related to: (a) your use or misuse of the Service; (b) your trading or investment decisions; (c) your violation of these Terms; or (d) your violation of any law or the rights of any third party.

11Eligibility & Lawful Use

You must be at least 18 years old (or the age of majority where you live) to use the Service.
You are solely responsible for ensuring that your use of the Service — and any trading you do — is legal in your jurisdiction. The Service is not directed at any jurisdiction where it would be unlawful, and you may not use it where prohibited.
You may not use the Service if doing so is prohibited by applicable U.S. sanctions or export-control laws, or if you are located in, or a resident or national of, any country or region subject to a comprehensive U.S. embargo.
You agree not to: scrape, resell, or redistribute the Service or its data; reverse-engineer, overload, or attack the Service; use it to provide financial advice to others; or present its outputs as your own advice product.
User-submitted content. If the Service ever lets you submit content — feedback, messages, a display or referral name, or anything else you post or send — you are solely responsible for it, you represent that you have the right to submit it, and you must not submit anything unlawful, infringing, deceptive, or abusive. You grant us a worldwide, royalty-free, non-exclusive license to use, store, and display that content as needed to operate and improve the Service. We do not endorse user-submitted content, are not responsible or liable for it, and may remove it at our discretion.

12Intellectual Property

The Service — including its code, design, branding, text, and the presentation of its models — is our property or licensed to us, and is protected by intellectual-property laws. We grant you a limited, revocable, non-exclusive, non-transferable license to use the Service for personal, non-commercial purposes. Third-party data remains the property of its respective providers.

13Waitlist & Communications

Joining the waitlist means you agree to receive emails from us about early access, launch, and product updates. You can unsubscribe at any time via the link in any email.
We store your email address and signup metadata to operate the waitlist. We will not sell your email address. Founding-member pricing and "first 100" offers are promotional, may have conditions, and may be modified or withdrawn before launch.
Waitlist membership does not guarantee access, pricing, features, or any launch date.

14Subscriptions, Billing & Refunds

Parts of the Service are offered on paid subscription plans. This section applies only if you subscribe to one. The free tier requires no payment and no card.

What you are buying. A subscription is a licence to access software for a period of time. It is not an investment product, a managed account, an advisory service, or a promise of any result. Nothing in a paid plan changes Sections 02, 03, or 07 of these Terms.

Prices and currency. Plans and prices are shown on our pricing page and are billed in U.S. dollars. The price shown at checkout is the price you pay for that billing period.

Automatic renewal. Subscriptions renew automatically at the end of each billing period (monthly plans renew monthly; annual plans renew annually) at the then-current price for your plan, using your saved payment method, until you cancel. By subscribing you authorise these recurring charges.

Free trials. Where we offer a free trial, it runs for the stated period (currently 7 days) and gives you access to paid features at no charge. At the end of a trial your account either converts to a paid subscription — but only if you have provided a payment method and agreed to be charged — or automatically reverts to the free tier. We will not charge a card you never gave us. One trial per person or account; we may withdraw or change trial offers at any time.

Cancellation. You may cancel at any time from your account page or by emailing us at [email protected]. Cancellation stops the next renewal. Your access continues until the end of the billing period you have already paid for, and is not cut short. You do not need to give a reason.

Refunds. Because cancellation always stops the next charge, we do not automatically refund the current period once it has begun — including annual plans, where the full year is charged up front. Before buying an annual plan, understand that you are paying for twelve months and that cancelling stops renewal rather than producing a pro-rata refund. That said: if you were charged in error, charged twice, charged after cancelling, or you contact us within 14 days of a first-time charge and have barely used the Service, email us — we would rather refund you than argue. We handle those requests in good faith and case by case. Nothing here limits any refund or cancellation right you have under the mandatory consumer-protection laws of your country, which apply regardless of this section.

Price changes. We may change subscription prices. Any change applies from your next billing period, and we will give you at least 30 days' notice by email beforehand so that you can cancel first if you do not accept it. Prices locked by a founding-member or promotional offer are honoured according to that offer's stated terms.

Taxes. Prices exclude any sales, use, VAT, GST, or similar taxes. Where we are required to collect them, they are added at checkout and shown before you pay. You are responsible for any taxes arising from your own use of the Service.

Failed payments. If a renewal payment fails, we may retry it, and we may suspend or downgrade your account to the free tier until payment succeeds. We will not delete your account data solely because a payment failed.

Payment processing. Payments are processed by Stripe. Card details are submitted directly to Stripe and are governed by Stripe's own terms and privacy policy — we never receive or store your full card number. See our Privacy Policy for what we do hold.

Chargebacks. If something is wrong with a charge, please contact us first — we can almost always fix it faster than a bank dispute can. We reserve the right to suspend accounts with unresolved chargebacks, and to decline future service to accounts that dispute charges in bad faith.

Any refund or liability arising from a subscription remains subject to the limitation of liability in Section 09.

15Changes & Termination

We may modify, suspend, or discontinue any part of the Service — and may update these Terms — at any time, without notice. Updated Terms take effect when posted on this page (the "Last updated" date will change). Your continued use after changes are posted constitutes acceptance of the updated Terms. We may suspend or terminate your access at our sole discretion, including for violation of these Terms.

16Dispute Resolution · Binding Arbitration · Class-Action Waiver

PLEASE READ THIS SECTION CAREFULLY. IT AFFECTS YOUR LEGAL RIGHTS, INCLUDING YOUR RIGHT TO SUE IN COURT AND TO HAVE A JURY TRIAL.

Informal resolution first. Most disputes can be settled without formal proceedings. Before starting an arbitration, you agree to first contact us using the contact method on the Service and give us 30 days to resolve the issue in good faith.

Governing law. These Terms, and any dispute arising out of or relating to them or the Service, are governed by the laws of the State of Wyoming, United States (where Quant Terminal LLC is organized), without regard to its conflict-of-laws rules. The U.S. Federal Arbitration Act governs the interpretation and enforcement of this arbitration agreement.

Binding arbitration. If a dispute is not resolved within the 30-day period, you and we agree that any dispute, claim, or controversy arising out of or relating to these Terms or the Service shall be resolved exclusively by final and binding arbitration, rather than in court — except as stated in "Exceptions" below. The arbitration will be administered by the American Arbitration Association (AAA) under its Consumer Arbitration Rules then in effect. The arbitrator decides all issues, except that a court (not an arbitrator) decides the enforceability of the class-action waiver below. Arbitration may proceed by documents or video where the rules allow; any in-person hearing will take place in the State of Wyoming or another mutually agreed (or virtual) location. The arbitrator's award may be entered as a judgment in any court of competent jurisdiction.

CLASS-ACTION & JURY-TRIAL WAIVER. YOU AND WE AGREE THAT EACH MAY BRING CLAIMS AGAINST THE OTHER ONLY IN AN INDIVIDUAL CAPACITY, AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS, COLLECTIVE, CONSOLIDATED, OR REPRESENTATIVE PROCEEDING. THE ARBITRATOR MAY NOT CONSOLIDATE MORE THAN ONE PERSON'S CLAIMS. YOU AND WE EACH WAIVE ANY RIGHT TO A JURY TRIAL. If this class-action waiver is found unenforceable as to a particular claim, that claim — and only that claim — will be severed and may proceed in court.

30-day opt-out. You may opt out of this arbitration agreement by emailing [email protected] with the subject line "Arbitration Opt-Out" within 30 days of first accepting these Terms. Your notice must include your name and a clear statement that you wish to opt out of arbitration. Opting out does not affect any other part of these Terms.

Exceptions. Either party may (a) bring an individual claim in small-claims court if it qualifies, and (b) seek injunctive or other equitable relief in court to stop infringement or unauthorized use of the Service or its intellectual property. Any claim not subject to arbitration (including a severed claim or a claim by a user who opted out) shall be brought exclusively in the state or federal courts located in Wyoming, and you consent to their personal jurisdiction and venue.

17Miscellaneous

Entire agreement. These Terms are the entire agreement between you and us regarding the Service and supersede all prior understandings.
Severability. If any provision is found unenforceable, the rest remain in full force, and the unenforceable provision is modified to the minimum extent necessary to make it enforceable.
No waiver. Our failure to enforce any provision is not a waiver of it.
Assignment. You may not assign these Terms; we may assign them in connection with a reorganization, sale, or transfer of the Service.
Survival. Sections 02, 04, 05, 08, 09, 10, 15, and 16 survive any termination.
Contact. Questions about these Terms: email [email protected] or reply to any email from us. This is the contact method referenced throughout these Terms.