Terms of Service

1. Introduction

Welcome to GFEX (Gapped Futures Exchange) (“GFEX,” “we,” “us,” or “our”). These Terms of Service (“Terms”) govern your access to and use of our platform and any other features or services provided in connection with GFEX (collectively, the “Service”).

By using the Service, you agree to comply with and be bound by these Terms.

2. Services

GFEX offers a decentralized platform that allows users to engage in cryptocurrency futures trading by forecasting price gaps between two crypto assets (“Service”). GFEX operates using a Web3 infrastructure, meaning users connect their cryptocurrency wallets directly to the platform to facilitate trades. GFEX does not manage or control User wallets, nor do we execute or effectuate trades on behalf of Users.

3. Accessing the Service

To use GFEX, you must have a blockchain address and a third-party wallet. Your account will be associated with your blockchain address. GFEX does not have control or custody over your wallet, and it is your responsibility to ensure the security of your wallet and private keys. GFEX is not liable for any unauthorized access or use of your wallet.

4. Fee Schedule

GFEX has a two-part fee structure: a 1% transaction fee on all trades, and an additional 3% fee on profitable trades, applied to both the profit and the principal.

Example

Fee application and profit calculation when the directional investment decision was correct:

Index	Widen	Narrow
Number of Traders	147	211
Trader Ratio	41.06%	58.94%
Pool Total (1% entrance fee applied)	$1,455.30	$2,088.90
Earning on a $10 Investment	$14.21	$6.90
After 3% Fee Deduction	$13.78	$6.69
Total Amount after the Trade	$24.11	$16.80

5. Modifications to Terms

GFEX may modify these Terms at any time. Any updates will be effective immediately upon posting on the platform. Users are responsible for reviewing the Terms regularly. Continued use of the Service constitutes acceptance of any modified Terms.

6. Service Availability

Your access to and use of the Service may occasionally be interrupted for various reasons, such as equipment failure, scheduled updates, maintenance, or repairs to the platform. Additionally, access may be affected due to geographic restrictions, suspected violations of these Terms, or other actions GFEX may choose to take at its discretion.

7. Termination of Service

GFEX reserves the right to terminate or suspend User access to the platform at any time, for any reason, including violation of these Terms. Termination may occur without prior notice or liability.

8. Disclaimer

By agreeing to these Terms, Users shall be deemed to have agreed to the Disclaimer provided on our website. For further details, please review the full Disclaimer.

9. Language

These Terms are available in English and may be translated into other languages. In the event of any discrepancy between the English version and translations, the English version will prevail.