Terms of Service

1. Acceptance of Terms

By accessing or using Verdict ("the Platform"), a prediction market marketplace operated by Fixr ("we," "us," or "our"), you agree to be bound by these Terms of Service. If you do not agree, do not use the Platform.

2. Eligibility

You must be at least 18 years of age and legally permitted to participate in prediction markets in your jurisdiction. The Platform is not available in jurisdictions where prediction markets are prohibited or restricted. You are solely responsible for ensuring compliance with applicable laws.

3. Platform Description

Verdict is a decentralized prediction market marketplace deployed on the Base blockchain. Users who stake $FIXR tokens may create templated prediction markets. Markets are settled autonomously by the Fixr AI agent using publicly available data sources. Market participants buy YES or NO positions using $FIXR tokens.

4. Risks

Participation in prediction markets involves significant risk, including but not limited to:

• Total loss of $FIXR tokens deposited into market positions
• Smart contract vulnerabilities or bugs
• Incorrect or delayed market settlement by the AI agent
• Blockchain network congestion or failures
• Token price volatility
• Regulatory changes affecting legality of participation

5. AI Settlement

Markets are settled by an autonomous AI agent. While the agent uses reliable data sources (DexScreener, DeFiLlama, and other public APIs), settlement decisions are final once submitted on-chain. In cases where the agent cannot determine an outcome, a REFUND outcome may be issued, returning positions to participants.

6. Staking and Burn Mechanism

Creating markets requires staking $FIXR tokens. Unstaking incurs a burn fee (currently 1%), which permanently removes tokens from circulation. This burn is irreversible. By staking, you acknowledge and accept this deflationary mechanism.

7. Protocol Fees

A protocol fee is deducted from winning payouts. The current fee rate is set in the smart contract and may be adjusted by the protocol owner within the maximum bounds enforced by the contract (10% cap).

8. No Financial Advice

Nothing on the Platform constitutes financial, investment, legal, or tax advice. Market odds reflect participant sentiment, not predictions of actual outcomes. You should consult qualified professionals before making financial decisions.

9. Intellectual Property

The Platform, its design, code, and branding are the property of Fixr. Smart contracts deployed on Base are open source and verifiable on Basescan. You may not copy, modify, or distribute the Platform's proprietary elements without permission.

10. Limitation of Liability

The Platform is provided "as is" without warranties of any kind. To the maximum extent permitted by law, Fixr shall not be liable for any direct, indirect, incidental, consequential, or punitive damages arising from your use of the Platform, including loss of funds, incorrect settlements, or smart contract failures.

11. Modifications

We reserve the right to modify these Terms at any time. Continued use of the Platform after changes constitutes acceptance. Material changes will be communicated through the Platform or our social channels.

12. Contact

For questions about these Terms, contact us at fixr@fixr.nexus or via Farcaster.