Terms & Conditions
Last updated: November 26, 2025
1. Introduction and Acceptance
By accessing or using the Lumi Trade platform (“Lumi Trade”, “we”, “our”, “the Platform”), you agree to be bound by these Terms & Conditions (“Terms”). These Terms govern your access to and use of all products, features, and services provided by Lumi Trade.
If you do not agree with these Terms, do not use Lumi Trade.
Lumi Trade is a decentralized, non-custodial protocol. Use of Lumi Trade may involve significant risks. You acknowledge that you use the platform entirely at your own risk.
2. Eligibility and Access Requirements
To use Lumi Trade, you confirm that:
You are at least 18 years old and legally capable of entering a binding contract.
You are not located in a prohibited or sanctioned jurisdiction.
You use Lumi Trade in compliance with all applicable local laws and regulations.
You understand that Lumi Trade does not custody any user funds.
You are responsible for maintaining control of your wallet, private keys, seed phrases, and other login credentials.
Lumi Trade cannot recover lost wallet access, private keys, or assets.
Certain features may require additional verification depending on jurisdiction or risk controls.
3. Nature of the Service
Lumi Trade provides access to decentralized smart contracts that enable:
Perpetual contract trading
Zero-Fee Perpetual (ZFP) trading
Spot trading
Automated yield products
Airdrop & reward systems
Referrals, missions, tournaments
Liquidity participation (when launched)
You acknowledge and agree:
Lumi Trade is not a broker, exchange, intermediary, or custody provider.
All transactions occur directly on-chain via smart contracts.
Trades may fail, revert, or partially fill based on blockchain conditions.
Network fees (gas) may fluctuate at any time.
Blockchain events are irreversible once confirmed.
4. Trading Rules and User Conduct
When using Lumi Trade, you agree not to engage in any of the following:
Market manipulation, pump-and-dump schemes, wash trading
Front-running, sandwiching, or exploiting MEV intentionally
Abusing referral systems or rewards
Using bots in prohibited ways
Attempting to exploit smart contracts
Creating multiple wallets to bypass rules (Sybil behavior)
Lumi Trade reserves the right to restrict or disable access to users or addresses involved in abusive or malicious behavior.
5. Fees and Payments
Depending on the product, Lumi Trade may charge fees including but not limited to:
Zero-Fee Perpetual closing fee (only on profitable trades)
Spread and slippage
Liquidity provider fees (future)
Protocol fees
Network gas fees (paid to blockchain validators)
Lumi Trade may modify fee structures at any time.
You are solely responsible for paying:
Gas fees
Any applicable taxes on trading activity or rewards
6. Smart Contracts and Risks
All operations on Lumi Trade are controlled by smart contracts deployed on supported blockchains.
You acknowledge and accept:
Smart contract code may contain bugs, errors, exploits, or unexpected vulnerabilities.
Blockchain networks may experience congestion, downtime, or forks.
External data providers (e.g., price oracles) may malfunction or be manipulated.
You may lose partial or full value of assets due to:
Liquidation
Adverse price movement
Slippage
Protocol risk
Gas spikes
Incorrect transaction submission
Lumi Trade does not guarantee:
Exact execution price
Zero slippage
Zero risk
Profitability
Asset recovery in case of user error
You understand that DeFi involves substantial financial and technical risks.
7. No Financial, Investment, or Legal Advice
All information on Lumi Trade — including documentation, user interface displays, charts, markets, and messages — is provided for informational purposes only.
Lumi Trade does not:
Provide financial advice
Recommend trading strategies
Guarantee returns or future performance
Offer legal or tax guidance
You are solely responsible for your decisions.
8. Limitation of Liability
To the maximum extent permitted by law, Lumi Trade and its contributors, developers, partners, or affiliates shall not be liable for:
Loss of funds or digital assets
Liquidations
Network or blockchain failures
Smart contract exploits
Incorrect trades submitted by the user
Loss of access to wallets or private keys
Gas fee spikes
Inaccurate or delayed price data
Any indirect, incidental, special, or consequential damages
You use Lumi Trade at your own risk, without warranties of any kind.
9. Indemnification
You agree to indemnify and hold harmless Lumi Trade, its contributors, partners, and affiliates from any claims, actions, damages, liabilities, or expenses arising from:
Your use or misuse of Lumi Trade
Your violation of these Terms
Your violation of any applicable law
Your activities on the blockchain
10. Modifications to the Platform
Lumi Trade may update, modify, or discontinue parts of the platform at any time. Changes may occur without notice.
Continued use of Lumi Trade after modifications constitutes your acceptance of the updated Terms.
11. Termination and Suspension
Lumi Trade may:
Restrict access
Suspend certain features
Block malicious or abusive addresses
Terminate your use of the platform
— with or without prior notice.
You may stop using the platform at any time.
Provisions such as Risk Disclosure, Limitation of Liability, and Indemnification will continue to apply even after termination.
12. Governing Law and Dispute Resolution
These Terms shall be governed by and construed in accordance with the laws of Hong Kong, without regard to its conflict of law principles.
Any dispute, controversy, or claim arising out of or relating to these Terms, or the use of Lumi Trade, shall be resolved through individual arbitration in Hong Kong. You agree that:
You waive any right to participate in class actions, collective proceedings, or jury trials.
Arbitration shall be final and binding to the maximum extent permitted by law.
Claims must be brought on an individual basis only.
You are solely responsible for ensuring that your use of Lumi Trade complies with the laws applicable in your jurisdiction.
13. Force Majeure
Lumi Trade is not liable for delays or service interruptions caused by events beyond its control, including:
Network failures
Hacks or security incidents
Blockchain disruptions
Regulatory actions
Natural disasters
Third-party service outages
14. Assignment
You may not transfer or assign these Terms to another person without prior written consent. Lumi Trade may assign its rights under these Terms at its discretion.
15. Entire Agreement
These Terms constitute the entire agreement between you and Lumi Trade regarding platform use, superseding all prior discussions or communications.
16. Contact
If you have questions regarding these Terms, please contact: 📧 [email protected]
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