Terms of Service

1. Agreement to Terms

By accessing and using BitRedict ("the Platform", "we", "us", or "our"), you accept and agree to be bound by the terms and provision of this agreement. If you do not agree to abide by the above, please do not use this service.

2. Description of Service

BitRedict is a decentralized prediction market platform built on the Somnia Network that allows users to:

• Create prediction markets on real-world events
• Place bets on market outcomes using cryptocurrency tokens
• Participate in liquidity provision and staking mechanisms
• Engage with community features and analytics

3. User Responsibilities

4. Prohibited Activities

Users are prohibited from:

• Creating markets on illegal activities or promoting harmful content
• Manipulating market outcomes or engaging in market manipulation
• Using automated systems to gain unfair advantages
• Attempting to exploit smart contract vulnerabilities
• Engaging in money laundering or other illegal financial activities

5. Financial Risks

BitRedict does not provide financial advice. All trading decisions are your own responsibility.

6. Smart Contract Risks

BitRedict operates through smart contracts on the Somnia Network. While audited, smart contracts may contain bugs or vulnerabilities. We are not liable for losses due to smart contract failures or blockchain network issues.

7. Intellectual Property

The BitRedict platform, including its design, code, and content, is protected by intellectual property rights. Users may not copy, modify, or distribute our proprietary materials without explicit permission.

8. Privacy and Data

Your privacy is important to us. Please review our Privacy Policy to understand how we collect, use, and protect your information. By using BitRedict, you consent to our data practices as outlined in the Privacy Policy.

9. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW, BITREDICT SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING WITHOUT LIMITATION, LOSS OF PROFITS, DATA, USE, GOODWILL, OR OTHER INTANGIBLE LOSSES.

10. Dispute Resolution

Any disputes arising from the use of BitRedict shall be resolved through binding arbitration in accordance with the rules of the jurisdiction where BitRedict is legally established.

11. Termination

We reserve the right to terminate or suspend access to our service immediately, without prior notice or liability, for any reason whatsoever, including breach of these Terms.

12. Changes to Terms

We reserve the right to modify or replace these Terms at any time. If a revision is material, we will try to provide at least 30 days' notice prior to any new terms taking effect.

13. Contact Information

If you have any questions about these Terms of Service, please contact us through our official communication channels or visit our Contact page.