Terms of Use
1. Introduction
These Terms of Use ("Terms") govern your access to and use of the interfaces ("Interfaces") and features ("Features") provided by Vision Probability Inc. ("Company," "we," "us," or "our"), whether on behalf of yourself or an entity ("you" or "your"). Together with any incorporated policies—including our Privacy Policy—these Terms form a legally binding agreement between you and the Company. These Terms apply to: Content Features which include all informational content and functionality available on ForeGate (the "Site") or any other Interface. Technology Features and Software, including the blockchain-based smart contract protocol ("Protocol") known as ForeGate (the "Platform"), accessible by connecting a self-hosted wallet via an Interface.The Site primarily delivers Content Features, such as news and global event updates. If you are in a Restricted Jurisdiction (defined below), you may only use the Content Features and are prohibited from accessing the Technology Features, including the Platform.
Important Notice
By accessing, interacting with, or using the Site, any Interface, or any Features (including wallet linking or account creation), you confirm that:
You are legally capable of entering into a binding agreement.
You have read, understood, and agree to these Terms, including the Binding Arbitration and Class Action Waiver provisions.
If you do not agree, you are not authorized to use any Interface or Feature.
The following persons or entities ("Restricted Persons") are prohibited from using the Site, Platform, or Technology Features for trading:
Individuals or entities residing in, located in, incorporated in, or with a principal place of business in: United States, United Kingdom, France, Ontario (Canada), Singapore, Poland, Malaysia, Thailand, Belgium, Taiwan, or any other Restricted Territory (as defined below).
Anyone acting on behalf of or under the direction/control of a Restricted Person.
No exceptions apply. If you are a Restricted Person:
Do not attempt to trade using the Site, Platform, or Technology Features.
VPNs or similar circumvention tools are strictly prohibited.
Violations may result in wallet restrictions (close-only mode) or permanent access revocation at our sole discretion.
2. Site Description and Features
The site offers various functionalities, including:
An Information Site providing global news and events.
A self-directed messaging feature allowing users to interact with the Polygon blockchain to engage in event-based contract trades ("Contracts").
Certain features, including the Platform, were developed by Vision Probability Inc. ("Vision Probability"), a Samoa-incorporated entity. Neither the Company nor Vision Probability operates a cryptoasset or derivatives exchange, offers trade execution/clearing services, or controls user transactions.
Pricing information on the Site regarding Contracts does not constitute an offer, solicitation, or advice to transact. Even when the Site appears dynamic (e.g., updating displays based on user input), the Company does not act on your behalf.
2.1 Wallet & Blockchain Interaction
If you use the "Connect Wallet" feature to link a self-hosted cryptocurrency wallet ("Wallet"):
The company does not transmit Wallet data to blockchain networks.
The company cannot assist with transactions, access private keys, reverse transactions, or control your cryptoassets.
Neither the Company nor Vision Probability owns or controls the Contracts, underlying blockchain software, or the Polygon network (which is open-source).
You are solely responsible for:
Securing your wallet (private keys, passwords).
Understanding blockchain risks (smart contract vulnerabilities, hacks, phishing, volatility, irreversible transactions).
Protocol & Network Disclaimer
Neither the Company nor Vision Probability owns or controls:
The Protocol or Polygon blockchain.
The network’s operation, security, or availability.
Third-party blockchain applications or validators.
Transactions may incur non-refundable network fees, payable by you. The Company does not facilitate, guarantee, or reverse transactions, including failed or fraudulent ones.
2.2 Your Acknowledgment Regarding Site Information
You agree that all Site content is for informational purposes only—there is no guarantee of accuracy, timeliness, or completeness. You expressly:
Disclaim reliance on Site/Feature information.
Acknowledge that neither the Company nor Vision Probability is liable for such information.
2.3 Service Availability
The Site/Features may be inaccessible due to:
Equipment malfunctions.
Maintenance or unforeseen issues.
Blockchain disruptions or third-party service unavailability.
2.4 No Professional Advice
Site/Feature content is not investment, legal, or professional advice.
Verify information independently before acting.
Seek licensed professional advice for financial/legal decisions.
The Company owes no fiduciary duties beyond these Terms.
2.5 No Solicitation
Nothing on the Site shall be construed as an invitation to:
Acquire/dispose of cryptoassets.
Engage in trading activities.
Neither the Company nor Vision Probability acts as an investment, tax, or legal advisor.
2.6 Clarification of Legal Nature
The Contracts available through the Platform are event-based instruments designed for informational and entertainment purposes, and are not classified as securities, futures, options, or other regulated financial instruments.
Users acknowledge and agree that:
Participation does not constitute investment in a security.
The Platform does not offer any promise of financial return.
Contracts are structured to reflect probabilistic forecasting, not ownership or profit-sharing in any entity.
3. Modifications
3.1 Terms
We may update these Terms at any time at our sole discretion. Modified Terms will be posted on the Site and other Interfaces, with the latest revision date displayed. Changes take effect immediately upon posting.By continuing to use the Site, Interfaces, or Features after modifications, you explicitly agree to the updated Terms. If you do not accept the changes, you must stop using the Site, Interfaces, and Features. You are responsible for regularly reviewing the Terms for updates. ForeGate reserves the right to modify or amend the terms of this Agreement at its sole discretion. While Foregate, may, but is not obligated to, inform the other party of such changes, no express or implied commitment is made to provide advance or subsequent notice. It is the responsibility of the other party to review the terms periodically to stay informed of any modifications.
3.2 The Site, Interfaces, or Features
We reserve the right to:
Modify, replace, restrict, or remove any part of the Site, Interfaces, or Features at any time, without notice.
Suspend or disable access (temporarily or permanently) for any reason, including limiting transactions to closing existing contracts only.
If your access is terminated, your right to use the Site, Interfaces, or Features ends immediately. We are not liable for any losses resulting from modifications, suspensions, or terminations.
The Site, Interfaces, and Features may evolve, meaning we can:
Introduce changes.
Replace or discontinue services (temporarily or permanently) at our discretion.
3.3 Survival of Terms
Certain sections of these Terms will remain in effect even after your access is terminated, regardless of the reason.
4. Responsibilities, Representations & Prohibited Conduct
4.1 Your Representations
By accessing or using the Site or Features, you represent and warrant to the Company that:
Legal Age & Authority
You are 18 years or older.
If acting on behalf of an entity (e.g., a company), you have legal authority to bind it.
If you do not meet these requirements, you are prohibited from using the Site, Interfaces, or Features.
You represent that you are authorized to bind the entity you represent to these Terms.
Sanctions Compliance
You are not and will not be:
Subject to economic/trade sanctions by any government.
Violating anti-money laundering (AML) or terrorist financing laws.
Listed on OFAC’s SDN List, EU/UK sanctions lists, or similar.
Based in sanctioned jurisdiction (e.g., UN/OFAC/EU/UK-designated regions). If your status changes, you must immediately stop using the Site, Interfaces, and Features.
Restricted Jurisdictions
You are not permitted to access or trade contracts if you are a resident, citizen, or located in:
U.S.-sanctioned regions (e.g., Iran, Syria, Cuba, North Korea, Crimea, Donetsk, Luhansk).
Restricted countries: U.S., U.K., France, Ontario (Canada), Singapore, Poland, Malaysia, Thailand, Taiwan.
Wallet & Security
You are solely responsible for:
Configuring and securing your wallet (private keys, passwords, financial data).
Ensuring proper use of the Site, Interfaces, or Features.
No VPN Circumvention
You will not use VPNs or anonymization tools to bypass access restrictions.
Sophistication & Risk Awareness
You have:
Sufficient knowledge of blockchain, cryptoassets, and trading risks.
Understanding that contracts are highly experimental, volatile, and irreversible.
Acknowledgment that you may lose all funds supplied to Contracts.
Compliance with Laws
Your use of the Site, Interfaces, or Features:
Does not violate any Applicable Laws (local or international).
Does not facilitate illegal activities.
Must comply with all tax obligations in your jurisdiction.
4.2 Your Responsibilities & Prohibited Conduct
You agree to use the Site, Interfaces, and Features lawfully and in compliance with these Terms.
You will NOT:
Legal & Ethical Use
Violate laws, regulations, or these Terms.
Engage in fraud, deception, or market manipulation (e.g., spoofing, wash trading, front-running).
Use the Site for illegal, abusive, or harmful purposes.
Spreading false information or maliciously defaming arbitration mechanisms or the Platform for improper gain.
Security & Integrity
Bypass security measures (e.g., VPNs, scraping tools).
Disrupt or overload the Site, Interfaces, or Features.
Introduce malware (viruses, trojans, worms).
Attempt unauthorized access (hacking, DDoS attacks).
Exploiting technical means to manipulate market outcomes, interfere with other users’ decisions, or create artificial markets.
Prohibited Content & Activity
Post defamatory, obscene, hateful, or harassing content.
Use the Site for sanctioned jurisdictions or Restricted Persons.
Reverse engineer or redistribute the Site/Features without permission.
Consequences of Violations:
The Company reserves the right to:
Terminate your access immediately.
Exclude yourself from rewards/incentives.
Take legal action (including reporting to authorities).
Tax Responsibility
You are solely responsible for tax compliance related to your transactions.
4.3 Additional Information Requests
The Company may require additional verification (e.g., sanctions screening). Failure to provide requested information may result in:
Access termination.
Exclusion from rewards/product launches.
Other necessary actions.
4.4 Feedback Policy
You may submit feedback, questions, or suggestions ("Feedback").
We welcome but are not obligated to implement Feedback.
You retain no rights to Feedback—all: all submissions become Company property.
You warrant that your Feedback does not infringe third-party rights.
By using the Site, you acknowledge and agree to these terms.
5. Intellectual Property Rights
5.1 Ownership & License
Company Ownership
The Company, Vision Probability, or their licensors exclusively own all intellectual property rights (including copyrights, trademarks, patents, and trade secrets) related to the Site, Interfaces, and Features, including all content and underlying technology.
Limited User License
Subject to these Terms, the Company grants you a:
Personal, limited, revocable, non-exclusive
Non-sublicensable, non-transferable license to access, use, and interact with the Site, Interfaces, and Features solely for permitted purposes.
No Additional Rights
You receive no other rights beyond those explicitly stated in these Terms.
Some features may be governed by separate licenses (e.g., open-source). You must comply with any third-party terms for integrated applications.
5.2 Reciprocal License (User-Generated Content & Feedback)
License to Company
By using the Site, Interfaces, or Features, you grant the Company a:
Non-exclusive, sublicensable, worldwide, royalty-free
Perpetual and irrevocablelicense to use, modify, display, and distribute any content, data, or Feedback you provide for:
Business operations (e.g., improving the Platform).
Marketing and promotion of the Site, Features, or related services.
User Warranties
You represent and warrant that:
You own or have legal rights to any submitted Content/Feedback.
Your Content does not infringe any third-party rights (e.g., copyrights, privacy).
Derivative Works
The Company may create derivative works from your Content (e.g., analytics, product enhancements) without obligation to compensate you.
PLEASE NOTE
You may use the Site/Features as permitted, but all IP remains owned by the Company/Vision Probability.
No reverse-engineering, redistribution, or commercial use without explicit permission.
Your Feedback/Content becomes our licensed material—ensure you have the rights before submitting.
By using the Site, you acknowledge and agree to these IP terms.
6. Third-Party Services Disclaimer
The Site, Interfaces, and Features may incorporate or provide access to external applications, websites, data sources, and services operated by third parties ("Third-Party Services").
No Control or Endorsement
Links to Third-Party Services are provided for convenience only.
We do not control, endorse, or assume responsibility for:
The content, accuracy, or availability of Third-Party Services.
Their privacy practices, terms, or operations.
Integration does not imply our recommendation of these services.
Your Sole Responsibility
Use of Third-Party Services is at your own risk.
You are subject to the third party’s terms, policies, and agreements—review them carefully.
The Company is not liable for:
Damages, losses, or costs arising from Third-Party Services.
Interruptions, inaccuracies, or misuse of third-party content.
No Liability
The Company disclaims all responsibility for:
Advertising, products, or materials on Third-Party Services.
Claims of harm caused by reliance on third-party content.
We may remove links to Third-Party Services without notice.
PLEASE NOTE
Third-Party Services operate independently—interact with them under their terms, not ours.
By using the Site, you acknowledge that Third-Party Services are beyond our control, and you assume all associated risks.
We reserve the right to modify, amend, or update the terms of this Agreement at our sole discretion, without any obligation to notify you. While we may choose to provide notice of material changes, such notice is not guaranteed, and we make no commitment to do so.
By using our services, you acknowledge and agree that certain user data may be collected and shared with third-party service providers as necessary to deliver and improve our services. Continued use of the services constitutes acceptance of any revised terms or practices.
7. Indemnification
You agree to defend, indemnify, and hold harmless the Company, its licensors, and their respective officers, directors, employees, and representatives (collectively, "Company Parties") from and against any and all:
Damages (monetary losses, fines, legal fees, lost profits, punitive damages, etc.)
Claims (demands, lawsuits, regulatory actions—whether valid, fraudulent, or groundless)
This applies to any claim arising from:
Your use of the Interfaces or Features (including use by your employees, customers, or users).
Your breach of these Terms or violation of applicable laws.
Disputes between you and any third party.
Infringement of third-party intellectual property or other rights.
Your Feedback submitted to the Company.
Additional obligations:
If we receive a subpoena or legal order related to your actions, you must reimburse our legal costs (attorneys’ fees, employee/contractor time at our standard rates).
We retain the exclusive right to control the defense and settlement of any claim. You must cooperate fully in these efforts.
By using the Site/Features, you accept this financial and legal responsibility.
8. Disclaimers and Limitations of Liability
8.1 Site, Interfaces, and Features
By accessing the Site, Interfaces, or Features, you acknowledge and agree that:
The Company does not guarantee functionality, security, or availability.
Underlying technologies may change unexpectedly, potentially causing interruptions, errors, or security risks.
You assume all risks associated with use, including potential loss of cryptoassets.
8.2 No Representations or Warranties
THE SITE, INTERFACES, AND FEATURES ARE PROVIDED "AS IS" AND "AS AVAILABLE." TO THE FULLEST EXTENT PERMITTED BY LAW, THE COMPANY AND ITS AFFILIATES (INCLUDING VISION PROBABILITY) DISCLAIM ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO:
Fitness for purpose, merchantability, or non-infringement.
Uninterrupted, error-free, or secure operation.
Protection against data loss, hacking, or alteration.
NO ADVICE OR INFORMATION PROVIDED BY THE COMPANY CREATES ANY WARRANTY NOT EXPLICITLY STATED HEREIN.
8.3 Force Majeure and Exemptions
Include but are not limited to:
Systemic disruptions in blockchain infrastructure or oracle systems caused by third parties;
Major cyberattacks or technical failures affecting the Platform;
Termination of services due to regulatory changes in the User’s jurisdiction;
Intentional result manipulation by Creators that the User could not reasonably foresee.
8.4 User Participation in the Prediction Market:
The platform is a technology-neutral forecasting protocol tool. It does not provide forecasting advice, financial investment advice, or guarantee the accuracy of transaction results.
The company is not responsible for the authenticity, timeliness, or completeness of market information and forecasting contract content.
Users participate in forecasting transactions entirely based on their own judgment and responsibility. The company is not responsible for any losses, misjudgments, or unsatisfactory results, including but not limited to capital losses, opportunity costs, and misleading third-party erroneous information.
Even if the platform performs algorithm sorting, tag recommendation, or data aggregation on certain forecasting markets, such behavior does not constitute investment guidance for users or guarantee of their forecasting results.
8.5 Limitations of Liability
TO THE MAXIMUM EXTENT ALLOWED BY LAW:
Excluded Damages:
The Company will not be liable for any:
Indirect, incidental, or consequential damages (e.g., lost profits, lost data, lost opportunities).
Losses due to:
Service interruptions, suspensions, or terminations.
Unauthorized access, hacking, or data breaches.
Fluctuations in cryptoasset values.
8.6 Decentralized System Vulnerabilities
By interacting with blockchain-based protocols, users understand and accept the following potential risks:
Oracle Manipulation: Results derived from external data sources may be influenced by timing gaps, malicious manipulation, or faulty oracle feeds.
Game Theory Exploits: Strategic mispricing or manipulation (e.g., Sybil attacks, low-liquidity exploitation) may affect settlement outcomes or pool allocation fairness.
Smart Contract Vulnerabilities: Contracts, while audited, may contain undiscovered bugs or be exposed to novel exploits.
The Company disclaims liability for any losses resulting from such attacks unless caused by proven gross negligence.
Cap on Liability:
The Company’s total liability for any claim related to these Terms will not exceed USD $100.
By using the Site/Features, you accept these disclaimers and waive claims beyond these limits.
9. Dispute Resolution Mechanism
9.1 Automatic Settlement Market Dispute Process
Challenge Triggering RulesWhen a user objects to the automatic settlement results of the oracle, he/she must submit a challenge application within 2 hours after the results are announced, and provide the following materials at the same time:
Evidence of a trusted third-party data source (with a verifiable link or on-chain hash value)
Payment of a challenge deposit (500 USDT/USDC)
Challenge result processing:
Challenge success: Full refund of the deposit;
Challenge failure: Deposit forfeiture (100% injected into the platform risk control fund).
Manual review mechanism
A valid challenge will trigger a 24 hour review by the operation team, and the priority of the decision will be based on:
The consistency of the original oracle data;
Public reports from at least two authoritative media;
Verifiable on-chain evidence provided by the user.
9.2 Manual Settlement Market Dispute Process
Creator Performance Responsibility:
Market Creators (Creators) must complete manual settlement within 24 hours after the prediction market is closed. If settlement is not completed within the deadline, the circuit breaker mechanism will be automatically executed:- Liquidate the fund pool according to the market marginal price at the time of closure (for example: if the YES share price is 0.3, 30% of the fund pool will be allocated, and if the NO share price is 0.7, 70% will be allocated);
User Challenge Rules:If the Creator gives an outcome within the specified time, but the user is dissatisfied with the Creator's settlement results, he can pay a deposit to initiate a challenge (the standard is the same as automatic settlement). The market for automatic settlement cannot be challenged.Challenge result processing:- Challenge success: Full refund of the deposit;- Challenge failure: Challenge deposit distribution (100% injected into the platform risk control fund).
9.3 Disclaimer for dispute challenges
Users confirm and accept:
The challenge process is only a community arbitration mechanism that provides additional error correction opportunities and does not constitute the platform's denial or re-examination of the finality of market results;
The platform operation team only provides judgments on the level of formal review, evidence integrity and rationality, and does not make substantive guarantees for the correctness of the results;
Users understand that arbitration may have judgment biases due to information delays, non-traceability of on-chain data, sudden changes in external data sources, etc. The company and its operating members are not liable for compensation for changes in funds or damage to market confidence caused by challenge results;
If the challenge process causes system or market instability due to malicious attacks, forged evidence or large-scale manipulation, the platform reserves all rights to suspend processing, delay decision-making or modify the result process, and is exempt from liability for losses caused thereby.
9.4 Challenge Result Finality & Visibility
All final decisions from valid challenges (manual or automatic) are published off-chain via the ForeGate frontend and backend systems, and are binding within the platform ecosystem.
For transparency and traceability, hashes of finalized challenge results may be published on-chain for public verification, but the decisions themselves remain operationally enforced off-chain.
Users acknowledge that disputes are not governed by smart contract automation and accept the finality of platform-administered outcomes unless otherwise specified.
10.Market Exceptional De-Listing
If a market is de-listed due to external factors—such as public controversy, regulatory pressure, or reputational risk—the platform reserves the right to close and settle the market early.Settlement will proceed as follows:
Trading Freeze: All trading in the market will be disabled immediately after the de-listing time.
Settlement Price: The final outcome prices will be determined based on the market prices (YES/NO shares) at the time of de-listing.
Fund Distribution: Funds will be proportionally distributed to users based on their shareholdings and the settlement price at de-listing.
This process is final and binding. Users acknowledge that exceptional de-listings may occur without prior notice to protect platform integrity.
11. Governing Law, Dispute Resolution & Class Action Waiver
11.1 Governing Law
These terms and any related disputes will be governed by Panama Arbitration Law and the laws of Panama, excluding conflict of law principles. Unless arbitration applies , all legal actions must be filed in Panamanian courts, and both parties waive objections to this jurisdiction.
11.2 Dispute Resolution Process
Before initiating any legal action (including arbitration), both parties agree to:Negotiate in Good Faith:
The aggrieved party must send a written Initial Notice detailing the dispute.
The other party has 20 days to respond.
Within 45 days of the Initial Notice, parties must meet and confer to resolve the dispute.
Escalation:
If unresolved after 90 days, parties may agree to mediation or proceed to arbitration.
11.3 Mandatory Arbitration
Scope:
All disputes related to these Terms, Interfaces, or Features (including validity, breach, or enforcement) must be resolved by binding arbitration in Panama before a single arbitrator.
Courts may still grant provisional remedies (e.g., injunctions) to support arbitration.
Arbitrator Authority:
The arbitrator has exclusive power to decide:
Arbitrability (whether a dispute qualifies for arbitration).
Merits of claims and individual relief (e.g., damages, injunctions).
Public injunctive relief (e.g., stopping harm to the public) must be litigated in court, with arbitration proceedings staying pending the outcome.
Waiver of Rights:
BY AGREEING TO THESE TERMS, YOU AND THE COMPANY WAIVE THE RIGHT TO:
A jury trial.
Class actions or class arbitrations.
11.4 Class Action & Representative Claims Waiver
All arbitrations must proceed individually: no class actions, consolidated claims, or representative proceedings are permitted.
The arbitrator cannot combine claims or award relief to non-parties.
You may only bring claims in your individual capacity.
By using the Site/Features, you agree to these dispute terms.
12. General Terms
These Terms, along with any incorporated policies, represent the complete and exclusive agreement between you and the Company regarding your use of the Site, Interfaces, and Features. They replace all prior agreements, discussions, or representations (written or oral) on the same subject matter.
12.1 No Agency or AssignmentNo Legal Relationship
These Terms do not create any partnership, joint venture, employment, or agency relationship between you and the Company.
You may not represent yourself as having any affiliation with the Company beyond being a user of the Interfaces/Features.
12.2 Assignment Rights
You cannot assign or transfer your rights/obligations under these Terms.
The Company may freely assign or transfer the Terms (in whole or part) without restriction.
Any unauthorized assignment by you is void.
12.3 Waiver
The Company’s failure to enforce any Term provision does not waive its right to enforce it later.
Waivers by the Company must be in writing to be effective.
12.4 Severability
If any term provision is invalid or unenforceable:
The remaining provisions stay valid.
Courts should interpret the invalid provision to match its original intent.
If impossible, only the invalid portion is removed: the rest of the Terms remain intact.
12.5 Remedies
The Company’s rights and remedies under these Terms are cumulative, meaning they add to (rather than replace) any rights under law or equity. Delays in enforcing rights do not waive them.
12.6 Contact Information
For questions or concerns about the features, contact us at: help@foregate.com.
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