Terms of use

Draft. These terms are a plain-language placeholder and have not been reviewed by a lawyer. They must be replaced before Cryptnot is opened to the public.

1. Using Cryptnot

You must be 18 or older and legally able to enter into contracts. You are responsible for your account and everything done with it.

2. Bids and purchases

Bids are binding offers. If you win, you agree to pay into escrow within the stated time.

3. Escrow and payments

Cryptnot gives each user a wallet that holds the SOL you deposit, so you can bid instantly. Cryptnot holds this balance on your behalf; you can withdraw it at any time to a wallet you have linked, subject to funds reserved for your active bids and orders. Payments for purchases are made in SOL into an on-chain escrow. Once funds are released under the escrow rules they cannot be reversed. You are responsible for only depositing what you are willing to risk and for the accuracy of withdrawal details. (Draft: have a lawyer review the custody terms before launch.)

4. Sellers

Sellers must describe items accurately, own what they sell, and ship on time. Prohibited items are listed in the community guidelines.

5. Disputes

Disputes are reviewed by a platform arbiter, whose decision on the escrowed funds is final under the escrow rules.

6. Enforcement

We may remove content, suspend or ban accounts that break these terms or the guidelines.

7. No guarantees

The service is provided as is. Crypto assets are volatile and blockchain transactions are final.