1. Overview
The perpetual contract (“this service”) is a virtual asset derivative product launched by PerpVia. PerpVia is responsible for product design management and the operation of the trading platform. To use PerpVia perpetual contracts, you should read and comply with the PerpVia Perpetual Contract User Agreement (“this agreement”). Please carefully read and fully understand all the terms and choose whether to accept or not accept this agreement.
Unless you have read and accepted all terms of this agreement, you are not authorized to use PerpVia perpetual contracts and their corresponding services. Your acceptance of this agreement, as well as your use of this service, shall be deemed as your having read and agreed to be bound by this agreement.
2. Eligibility to Use This Service
You understand and confirm:
You have agreed to comply with the “PerpVia Service Terms,” and you are qualified and not prohibited from using the “services” defined therein;
This agreement does not conflict with the laws of the country or region where you reside;
You are the legal owner of the virtual assets deposited into this service and guarantee that the source of these virtual assets is legal.
You understand the risks of using this service, including but not limited to:
The high price volatility of virtual assets and their derivatives may cause significant or total loss in a short period;
Insufficient virtual assets deposited as margin may result in your position being immediately forcibly reduced, and you may lose all virtual assets deposited into this service;
Technical anomalies may occur that could delay or prevent your use of this service;
Market anomalies may occur that could cause losses to your virtual assets;
To maintain overall market health, PerpVia may add, delete, or change policies from time to time. Such actions may benefit or harm individual customers like you.
You acknowledge:
You shall not use this service for any illegal purposes.
You will not initiate or promote any form of market manipulation.
3. Using This Service
This service provides you with real-time market depth and other information. You may view or download information for your own analysis.
You may place trading orders via web, client, API, or other methods. Once the placed order is executed, you cannot cancel or modify the order.
When you place an opening order and it is executed, you will establish the corresponding contract position. When you place a closing order and it is executed, the corresponding position quantity will be deducted from your held positions. This service will provide you with real-time information about your positions and the value of your virtual assets and their derivatives.
You should pay PerpVia service fees for using this service.
4. Limitation of Liability
You acknowledge that you fully understand the rules and policies. If you misunderstand the rules and policies, PerpVia is not responsible for your losses. In particular, to open or maintain your positions, the amount of virtual assets you deposit as margin must meet specific requirements. Failure to meet these requirements will trigger forced liquidation. During forced liquidation, you may lose all virtual assets you deposited as margin. PerpVia is not responsible for such losses.
To comply with changes in laws or regulations, or to maintain overall market health, PerpVia may at its sole discretion change policies or implement emergency rules from time to time. Such changes or implementations may result in your account temporarily being unable to access this service, allocations from your account, immediate closure of some of your positions, or interruption of other services. PerpVia is not responsible for any such losses.
PerpVia is not liable for damages when the system platform cannot operate normally, making it impossible for you to use services or place orders properly due to the following conditions, including but not limited to:
A. System downtime maintenance announced by PerpVia platform
B. Telecommunication equipment failures preventing data transmission
C. System disruptions caused by force majeure factors such as typhoons, earthquakes, tsunamis, floods, power outages, wars, terrorist attacks, etc.
D. Service interruption or delay caused by hacker attacks, computer virus intrusion or outbreak, telecommunications technical adjustments or failures, website upgrades, bank issues, temporary closures due to government control, or other reasons affecting normal network operation
E. Losses caused by technical issues that current industry technology cannot predict or resolve
F. Losses caused to you or third parties due to third-party faults or delays
Due to system failures, network issues, DDoS or other hacker attacks, or other accidental factors not attributable to PerpVia, abnormal trades, market interruptions, and other anomalies may occur. PerpVia reserves the right to cancel trades or roll back transactions for a certain period based on actual conditions. PerpVia is not responsible for such losses.
You understand that technical issues may occur unexpectedly. PerpVia is not responsible for any losses caused by technical problems, including but not limited to:
Failures, delays, interruptions, or other malfunctions in connecting to this service
Service stoppage, slowness, unresponsiveness, or other malfunctions caused by overload
Failures caused by this service’s inability to correctly obtain necessary data from third parties via the internet
PerpVia strictly prohibits unfair trading behaviors. If you engage in the following, PerpVia reserves the right to exercise executive control over your account at its sole discretion:
Engaging in price manipulation or any other malicious market behavior;
Possibly harming other users or PerpVia by exploiting vulnerabilities in this service or other unreasonable means;
Engaging in any other activities PerpVia considers harmful to the market.
To eliminate any adverse impact on overall market health, PerpVia reserves the right to take measures including but not limited to closing your account, restricting, suspending, and canceling trades, and rolling back transactions. PerpVia is not liable for any losses caused to you by such measures.
5. Indemnification
You should take all possible measures to ensure PerpVia is protected from any damage arising from your use of this service or other behaviors related to your PerpVia account; otherwise, you shall be liable for indemnifying PerpVia.
You hereby confirm and agree that for any claims or demands (including reasonable legal fees) arising from your violation of this agreement, your improper use of PerpVia’s services, your violation of any laws or infringement of any third-party rights, or any acts or omissions by any third party authorized by you to use your PerpVia account or to log in to PerpVia’s website, client, or systems (including networks and servers used to provide any PerpVia services, regardless of whether such websites, clients, and systems are operated by PerpVia, operated for PerpVia, or operated to provide services to you), you shall defend, indemnify, and hold PerpVia harmless to the fullest extent possible.
6. Others
This agreement also includes PerpVia’s various institutional norms, other agreements or rules attached to this agreement, and other related agreements and rules that PerpVia may continuously publish regarding this service. Once officially published, these contents become an integral part of this agreement, and you shall also comply with them. In case of any conflict between these contents and this agreement, this agreement shall prevail.
If necessary, PerpVia has the right to unilaterally change the content of this agreement at any time without prior notice to you. If PerpVia unilaterally changes the content of this agreement, the changes will be immediately posted on PerpVia’s website; please check the latest information on the website promptly. After the changes are announced, if you continue to use this service, you are deemed to have agreed to the changes to this agreement. If you do not agree with the changes, you should stop using this service.
All section titles in this agreement are for reading convenience only and have no actual meaning and cannot be used as a basis for interpreting the meaning of this agreement.