Terms of Service

1. Acceptance of these Terms

These Terms of Service ("Terms") form a binding agreement between you and Snowcell AS, organisation number 934 305 302, operating the Novrinex platform ("Novrinex", "we", "us"). By accessing novrinex.com or any related interface, API, or service (together, the "Platform"), connecting a wallet, or executing a transaction, you accept these Terms and our Privacy Policy. If you do not accept them, you must not use the Platform. We may amend these Terms at any time by posting an updated version; your continued use after an update constitutes acceptance.

2. What the Platform is - and is not

Novrinex is a non-custodial trading interface and order-routing service for external market infrastructure. Novrinex operates the interface, account view, pre-trade checks, order submission, execution tracking and reconciliation. We do not:

• hold your funds or store your owner-wallet private key;
• have unilateral authority to withdraw your funds;
• execute, match, or settle trades ourselves;
• act as your broker, dealer, custodian, exchange, money transmitter, or fiduciary;
• provide investment, legal, or tax advice or portfolio management.

Before server execution is enabled for a route, you approve a provider-specific, trade-only credential. Novrinex stores the required credential material in encrypted form and uses it to place and cancel orders. These credentials cannot withdraw funds. Trades are executed and settled by the selected provider under its own margin, liquidation, funding and auto-deleveraging rules. Fee schedules, points programs and market listings shown on the Platform may change at any time.

3. Eligibility

To use the Platform you must:

• be at least 18 years old and have full legal capacity;
• not be located in, incorporated in, or a citizen or resident of any Restricted Jurisdiction (Section 4);
• not be subject to sanctions administered by the United Nations, the U.S. (including OFAC), the EU, the UK, or any other applicable authority, nor act on behalf of anyone who is;
• be legally permitted to trade leveraged derivatives under the laws that apply to you - this is your responsibility to verify, including your tax and reporting obligations.

Using a VPN, proxy, or any other technique to disguise your location in order to circumvent these restrictions is a material breach of these Terms.

4. Restricted Jurisdictions

The Platform is not offered to, and may not be used by, persons located in, established in, or residents of the following jurisdictions:

Regulatory restrictions

• United States of America (including its territories)
• United Kingdom
• Mainland China

Sanctioned or embargoed territories

• Cuba
• Iran
• North Korea (DPRK)
• Crimea, Donetsk, and Luhansk regions of Ukraine

We may update this list at any time and may use technical measures, including geo-IP blocking, to enforce it.

5. Risk Disclosure

You acknowledge and accept each of the following risks:

• Leverage and liquidation. Perpetual futures are leveraged instruments. Small adverse price moves can result in the total loss of your collateral. Positions that fall below maintenance margin are liquidated automatically by the underlying infrastructure, potentially at unfavourable prices and without notice. Liquidation is irreversible.
• Market risk. Digital asset and derivative prices are extremely volatile. Funding payments between longs and shorts accrue continuously and can materially affect returns. Past performance indicates nothing about future results.
• Technology risk. Smart contracts, bridges, oracles, blockchains, and matching engines can contain bugs, be exploited, halt, or behave unexpectedly. Price oracles may diverge from other venues. The Platform interface may be unavailable, delayed, or display inaccurate data. On-chain transactions cannot be reversed.
• Self-custody risk. You alone control your keys - whether in a browser wallet or an embedded wallet whose key you can export. Anyone who obtains your key, seed phrase, or email account (for embedded wallets) can take your funds. Lost credentials cannot be recovered by us.
• Third-party risk. Execution, settlement, custody of posted collateral, and liquidation are performed by third-party infrastructure we do not control. Its failure, insolvency, exploit, or decision to delist markets could result in partial or total loss.
• Regulatory risk. The legal treatment of digital-asset derivatives is evolving. Regulatory action could restrict or terminate your ability to use the Platform, or ours to offer it.
• Points and rewards. Any points, rankings, or reward mechanics on the Platform are discretionary, may be modified or cancelled at any time, confer no ownership, equity, or claim of any kind, and are not represented to have - or to ever acquire - monetary value.

6. Fees

Trading fees are displayed on the Platform and may be changed at any time. Fees are charged on execution by the underlying infrastructure. Blockchain network (gas) fees are additional and outside our control. Fee tiers based on trading volume are calculated from our records of your executed fills.

7. Prohibited use

You must not:

• use the Platform in or from a Restricted Jurisdiction, or misrepresent your location;
• use the Platform for money laundering, terrorist financing, sanctions evasion, or any unlawful purpose;
• engage in market manipulation, including wash trading, spoofing, or exploiting points/reward mechanics through self-dealing;
• attack, disrupt, reverse engineer, or attempt to gain unauthorised access to the Platform or its users;
• use automated means to scrape or overload the Platform beyond documented API usage;
• submit false trade reports or otherwise attempt to corrupt Platform records.

We may restrict, suspend, or block access - including by address or account - where we reasonably suspect a breach of this section, and may void points or rewards obtained through such breach.

8. No advice; no reliance

All content on the Platform - prices, charts, statistics, leaderboards, documentation - is provided for information only. It is not investment advice, a recommendation, or a solicitation to trade. You are solely responsible for your trading decisions and for evaluating whether trading leveraged derivatives is appropriate for your financial situation.

9. Disclaimers

THE PLATFORM IS PROVIDED "AS IS" AND "AS AVAILABLE", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT, ACCURACY, OR UNINTERRUPTED AVAILABILITY. WE DO NOT WARRANT THAT DATA DISPLAYED IS ACCURATE, COMPLETE, OR CURRENT, NOR THAT THE PLATFORM IS FREE OF ERRORS OR HARMFUL COMPONENTS.

10. Limitation of liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW, NOVRINEX AND ITS OFFICERS, EMPLOYEES, AND AGENTS SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR EXEMPLARY DAMAGES, OR FOR ANY LOSS OF PROFITS, FUNDS, DATA, OR GOODWILL, ARISING FROM OR RELATING TO YOUR USE OF THE PLATFORM - INCLUDING LOSSES CAUSED BY TRADING, LIQUIDATION, THIRD-PARTY INFRASTRUCTURE, SMART CONTRACTS, ORACLES, OR UNAUTHORISED ACCESS TO YOUR WALLET. IN NO EVENT SHALL OUR AGGREGATE LIABILITY EXCEED THE GREATER OF (A) THE FEES YOU PAID TO US IN THE THREE MONTHS PRECEDING THE CLAIM, OR (B) USD 100. SOME JURISDICTIONS DO NOT ALLOW CERTAIN LIMITATIONS; IN THOSE JURISDICTIONS OUR LIABILITY IS LIMITED TO THE MAXIMUM EXTENT PERMITTED.

11. Indemnification

You agree to indemnify and hold harmless Novrinex and its affiliates from any claims, damages, and expenses (including reasonable legal fees) arising from your use of the Platform, your breach of these Terms, or your violation of any law or third-party right.

12. Intellectual property

The Platform's interface, branding, and content are owned by or licensed to Novrinex. You receive a limited, revocable, non-exclusive licence to use the Platform for its intended purpose. You may not copy, modify, or create derivative works from it except as permitted by law. You must not use any part of the content on this website for commercial purposes without first obtaining the necessary licence, and you must not use the website in any way that breaches applicable law or regulation.

Charts are provided by TradingView, which owns the charting library and its associated trademarks. Market data is supplied by Novrinex.

13. Termination

You may stop using the Platform at any time; because it is non-custodial, your funds remain under your control on the underlying infrastructure regardless. We may suspend or terminate access to the interface at any time, including for breach of these Terms or where required by law. Sections 5 and 8–15 survive termination.

14. Governing law and disputes

These Terms are governed by the laws of the jurisdiction in which the operating entity of Novrinex is established, without regard to conflict-of-laws rules. Any dispute arising out of or relating to these Terms or the Platform shall be resolved by binding arbitration on an individual basis; you waive any right to participate in a class action. You must bring any claim within one (1) year of the events giving rise to it.

15. General

These Terms are the entire agreement between you and Novrinex regarding the Platform. If any provision is held unenforceable, the remainder stays in effect. Our failure to enforce a provision is not a waiver. You may not assign these Terms; we may assign them in connection with a reorganisation or transfer of the Platform.

16. Contact

Questions about these Terms: legal@novrinex.com