Terms of Service

By accessing or using Ankh Market ("the Protocol," "the Platform," or "the Service"), you agree to be bound by these Terms of Service. Ankh Market is operated by Ankh Protocol DAO LLC, a non-profit Decentralized Autonomous Organization Limited Liability Company registered in the Republic of the Marshall Islands under the Decentralized Autonomous Organization Act of 2022 and the Non-Profit Entities (Amendment) Act.

The Protocol operates as a decentralized, algorithmically-managed, community-governed platform. By using the Service, you acknowledge that you are interacting with a decentralized protocol and that no single entity has unilateral control over the platform's operations.

Ankh Market is a decentralized prediction market protocol that enables users to create, trade, and resolve prediction markets on real-world events. The Protocol operates through smart contracts and decentralized governance mechanisms.

Non-Profit Structure: Ankh Protocol DAO LLC is a non-profit organization with no economic owners. The Protocol does not distribute earnings to members or operators. All fees collected by the Protocol are redistributed to the community through the Universal Participation Dividend (UPD) program, as described in Section 8.

Decentralized Governance: The Protocol is governed by its community of participants through on-chain governance mechanisms. Major protocol decisions, including fee structures, market parameters, and UPD distribution algorithms, are subject to community governance.

You must be at least 18 years old to use the Service. By using Ankh Market, you represent and warrant that you:

• Are at least 18 years of age
• Have the legal capacity to enter into a binding agreement
• Are not located in, or a citizen or resident of, any jurisdiction where prediction market participation is prohibited by law
• Are not on any trade or economic sanctions lists
• Will comply with all applicable laws and regulations in your jurisdiction

Jurisdictional Notice: The Protocol is not available to users in jurisdictions where prediction markets are expressly prohibited. Users are solely responsible for determining whether their use of the Protocol complies with applicable local laws.

To access certain features of the Protocol, you must create an account. You agree to:

• Provide accurate and complete registration information
• Maintain the security of your account credentials
• Accept responsibility for all activities under your account
• Notify us immediately of any unauthorized access

Your account represents your participation in the Protocol's governance and entitles you to receive Universal Participation Dividends based on your trading activity.

Market Creation: Users may create prediction markets on real-world events. Market creators are responsible for clearly defining resolution criteria and ensuring markets comply with community guidelines.

Trading: Users may buy and sell shares in prediction markets. Share prices reflect the market's collective assessment of outcome probabilities. Trading involves risk, and you may lose some or all of your funds.

Resolution: Markets are resolved based on real-world outcomes according to predefined resolution sources. The Protocol utilizes decentralized oracle mechanisms and community dispute resolution.

Prohibited Markets: The following market types are prohibited:

• Markets on the death, injury, or harm of individuals
• Markets that incentivize illegal activity
• Markets involving minors
• Markets designed to manipulate real-world outcomes
• Markets on events the creator can directly influence

The Protocol accepts cryptocurrency deposits and withdrawals through integrated payment processors. You acknowledge that:

• Cryptocurrency transactions are irreversible
• You are responsible for ensuring correct wallet addresses
• Network fees and processing times vary by blockchain
• The Protocol is not responsible for losses due to user error

The Protocol charges fees on trading activity to fund operations and the Universal Participation Dividend program. Current fee structures are:

• Trading Fee: A percentage of each trade value, as displayed at the time of transaction
• Creator Fee: Market creators receive 1% of trading fees on their graduated markets
• Protocol Fee: Remaining fees are allocated to the UPD pool and protocol operations

Fee structures may be modified through community governance. All fee changes will be announced in advance.

As a non-profit protocol, Ankh Market redistributes collected fees to active participants through the Universal Participation Dividend program.

Eligibility: All users who have engaged in trading activity within the qualifying period are eligible to receive UPD distributions.

Distribution: UPD is distributed periodically based on an algorithm that considers:

• Trading volume and frequency
• Platform participation duration
• Community contributions (market creation, governance participation)
• Equal base distribution to all eligible participants

Purpose: The UPD program ensures that value generated by the Protocol flows back to its community, aligning with our non-profit mission of creating accessible, community-owned prediction markets.

UPD distribution algorithms and parameters are subject to community governance.

Participation in prediction markets involves significant risk. You acknowledge:

• You may lose some or all funds used for trading
• Past performance does not guarantee future results
• Market prices are volatile and can change rapidly
• Smart contracts may contain bugs or vulnerabilities
• Regulatory changes may affect the Protocol's availability
• Cryptocurrency values fluctuate independently of market outcomes

Only trade with funds you can afford to lose.

The Protocol's core smart contracts and infrastructure are open-source and available under applicable open-source licenses. The Ankh Market name, logo, and branding are trademarks of Ankh Protocol DAO LLC.

User-generated content, including market descriptions, remains the intellectual property of its creators, with a license granted to the Protocol for display and operation purposes.

TO THE MAXIMUM EXTENT PERMITTED BY LAW, ANKH PROTOCOL DAO LLC, ITS MEMBERS, AND CONTRIBUTORS SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES ARISING FROM YOUR USE OF THE PROTOCOL.

The Protocol is provided "as is" without warranties of any kind. We do not guarantee uninterrupted access, accuracy of market resolutions, or the performance of smart contracts.

Market Disputes: Disputes regarding market resolution are handled through the Protocol's decentralized dispute resolution mechanism, which may include community voting and oracle arbitration.

Legal Disputes: Any legal disputes arising from these Terms shall be governed by the laws of the Republic of the Marshall Islands. You agree to attempt good-faith resolution before pursuing formal legal action.

These Terms may be modified through community governance. Material changes will be announced at least 30 days in advance. Continued use of the Protocol after changes take effect constitutes acceptance of the modified Terms.

You may close your account at any time. The Protocol reserves the right to suspend or terminate accounts that violate these Terms or applicable laws. Upon termination, you may withdraw any remaining funds, subject to applicable fees and pending market resolutions.

For questions about these Terms or the Protocol, please contact us through our community channels or at legal@ankh.market.