Terms of Use

Last updated: 16 July 2026

1. Who you are agreeing with

Based Alpha (the "Interface") is operated by or on behalf of Based Technologies Limited, a company incorporated in the British Virgin Islands ("Company", "we", "us", "our").

These Terms of Use (the "Terms") govern your access to and use of the Interface, including the website at alpha.based.one, any subdomain, and any application programming interface we make available.

By accessing or using the Interface, you agree to these Terms. If you do not agree, do not access or use the Interface.

2. What Based Alpha is

Based Alpha is a web interface to a set of publicly deployed, permissionless smart contracts on Robinhood Chain (the "Protocol"). The Protocol allows any person to deploy an ERC-20 token, sell that token along an automated bonding curve, and, if the curve completes, migrate the accumulated liquidity to a decentralised exchange.

The Interface is software that helps you construct transactions and read public blockchain state. It presents information and formats transaction data. It does not execute anything. Every transaction is signed and submitted by your own wallet, under your sole control.

3. What Based Alpha is not

We want this to be unambiguous.

We are not a broker, dealer, exchange, market maker, investment adviser, money transmitter, or custodian. We do not hold, control, or have access to your assets or your private keys at any time. We do not match orders or maintain an order book. We do not effect transactions on your behalf.

We are not the issuer, creator, or promoter of any token deployed through the Protocol, other than any token we expressly identify in writing as our own. We do not select, vet, verify, review, screen, approve, or endorse any token, any token creator, or any statement made by a token creator.

Nothing on the Interface is financial, investment, legal, tax, or accounting advice, or a recommendation, solicitation, or offer to buy or sell anything.

4. Eligibility

By using the Interface you represent and warrant that:

(a) you are at least the age of majority in your jurisdiction of residence, and in any event at least 18 years old, and have the legal capacity to enter into these Terms;

(b) you are not a Prohibited Person. A "Prohibited Person" means any individual or entity that:

(i) appears on, or is owned or controlled by any person appearing on, any list of sanctioned or restricted parties maintained by the United Nations, the United States (including the OFAC Specially Designated Nationals List and the U.S. Department of Commerce Entity List), the European Union, or the United Kingdom (HM Treasury Consolidated List);
(ii) is located, organised, or resident in any country or territory subject to comprehensive trade or economic sanctions, including Cuba, Iran, North Korea, Syria, Russia, Belarus, and the Donetsk and Luhansk regions of Ukraine, or any other jurisdiction designated from time to time by the authorities in (i);
(iii) is otherwise a person or entity with whom the Company is prohibited from dealing under applicable law; or
(iv) uses, or attempts to use, the Interface on behalf of or for the benefit of any of the foregoing;

The Company may implement technical and procedural measures, including IP-based geolocation and wallet-screening tools, to detect and restrict access by Prohibited Persons.

5. Tokens launched through the Protocol

Tokens deployed through the Protocol are created by third parties. We have no relationship with those parties and no control over what they do.

You acknowledge that:

(a) a token's appearance on the Interface is a mechanical consequence of it having been deployed to the Protocol, and is not a listing, a vetting, an endorsement, or a recommendation;
(b) token names, symbols, images, descriptions, and linked social accounts are supplied by creators and may be false, misleading, impersonating, or infringing;
(c) creators may hold large portions of a token's supply and may sell at any time, including immediately after deployment;
(d) tokens may be, and frequently are, deployed with the intention of extracting value from later buyers;
(e) the overwhelming majority of tokens launched on permissionless bonding curve platforms lose substantially all of their value;
(f) we do not conduct any diligence on creators and do not verify any claim a creator makes.

6. How the bonding curve works

We disclose the following so that you can evaluate the mechanics before transacting. The smart contract governs in all cases; this description is for convenience only and does not modify the code.

Each token is deployed with a fixed supply of 1,000,000,000 units. A portion of that supply is sold along a constant-product bonding curve denominated in ETH. Price rises as tokens are bought from the curve and falls as tokens are sold back into it. Purchases are filled against the curve, not against other users.

If cumulative buying pushes the curve to its graduation threshold, the Protocol permanently disables the curve, seeds a liquidity pool on a PancakeSwap V3-style decentralised exchange on Robinhood Chain, and deposits the accumulated ETH and the reserved token supply into that pool.

Current Protocol parameters, including the graduation threshold, are published at alpha.based.one/docs and may be changed for future deployments. Changes do not apply retroactively to tokens already deployed.

Because the curve is denominated in ETH, the fiat value of the graduation threshold moves with the price of ETH.

You acknowledge that graduation is a mechanical event triggered by purchase volume. It is not a milestone we award, a signal of quality, or an indication that a token will retain value. Liquidity available after graduation may be thin relative to a token's nominal market capitalisation.

7. Fees

The Protocol currently charges 1.25% on each purchase and sale executed against the bonding curve, comprising 0.95% to the Company and 0.30% to the token's creator. No deployment fee currently applies. A migration fee of 0.000625 ETH is taken from the curve proceeds when a token graduates. Fees are enforced by the smart contract and are separate from Robinhood Chain network gas fees, which you pay to network validators and which we do not receive.

We may change fee parameters for future deployments. Current parameters are published at alpha.based.one/docs.

8. Your obligations as a creator

If you deploy a token through the Protocol, you additionally represent and warrant that:

(a) you have the right to use every name, symbol, image, and link you supply, and that doing so does not infringe any third party's intellectual property, publicity, or other rights;
(b) you will not impersonate any person, project, or entity, or imply an affiliation, endorsement, or partnership that does not exist;
(c) you will not use the Protocol to offer, sell, or distribute securities in any jurisdiction where doing so requires a registration, licence, or exemption you do not hold;
(d) you are solely responsible for any statement you make about your token, wherever made, and for any liability arising from it;
(e) you will comply with all laws applicable to you, including securities, consumer protection, advertising, sanctions, and anti-money-laundering laws.

You are solely responsible for the tax treatment of anything you do through the Protocol.

9. Prohibited uses

You may not use the Interface to:

(a) violate any law, regulation, or sanctions programme;
(b) launder money or finance terrorism;
(c) engage in market manipulation, including wash trading, spoofing, or coordinated pump-and-dump activity;
(d) defraud, deceive, or mislead any person;
(e) deploy or promote tokens depicting or promoting child sexual abuse material, terrorism, violent extremism, or violence against any person or group;
(f) infringe any third party's intellectual property rights;
(g) interfere with, disrupt, or place unreasonable load on the Interface or its infrastructure;
(h) circumvent any access restriction, geo-block, rate limit, or screening measure;
(i) scrape, mirror, or reverse engineer the Interface other than to the extent that restriction is unenforceable under applicable law.

10. We may restrict the Interface

We may, at our discretion and without notice or liability, restrict or terminate your access to the Interface, decline to display any token or any creator-supplied content, block addresses, or suspend the Interface entirely.

You acknowledge that the Protocol is deployed onchain and that removing something from the Interface does not remove it from Robinhood Chain. Content and tokens may remain accessible through block explorers, other interfaces, or direct contract interaction regardless of what we do.

11. Risks you accept

You acknowledge and accept each of the following.

Total loss. Digital assets are highly volatile. Tokens acquired through the Protocol may lose all value, and commonly do. You should not commit funds you cannot afford to lose entirely.

Irreversibility. Blockchain transactions cannot be reversed, cancelled, or refunded once confirmed. We cannot recover assets sent to a wrong address, lost through a compromised key, or lost through a transaction you signed.

Smart contract risk. The Protocol is software and may contain bugs, vulnerabilities, or economic flaws. The Protocol contracts have not been audited by a third-party security firm. An audit does not guarantee security, and the absence of one means known classes of defect may not have been looked for at all.

Adversarial trading. Automated agents monitor pending transactions and may front-run, sandwich, or otherwise trade ahead of you. Early curve positions are routinely taken by bots within the first block.

Network risk. Robinhood Chain is a layer-2 network. It may experience congestion, downtime, sequencer failure, reorganisation, or changes to its operation, any of which may affect your ability to transact or the outcome of transactions you submit.

Interface risk. The Interface depends on third-party infrastructure including RPC providers, indexers, hosting, and price feeds. Data displayed may be delayed, incomplete, or wrong. Do not rely on the Interface as your sole source of truth. Verify against the chain.

Regulatory risk. The legal treatment of the Protocol, of tokens deployed through it, and of your activity is unsettled and varies by jurisdiction. It may change, including retroactively. Determining what applies to you is your responsibility.

No protection schemes. You are not covered by any deposit guarantee, investor compensation scheme, ombudsman service, or similar protection.

12. Intellectual property

The Interface, including its design, text, graphics, and the Based Alpha name and marks, is owned by us or our licensors. We grant you a limited, revocable, non-exclusive, non-transferable licence to access and use the Interface for its intended purpose. No other rights are granted.

Smart contracts forming the Protocol are licensed under the MIT licence.

Content supplied by creators remains the responsibility of those creators. If you believe content on the Interface infringes your rights, contact us at compliance@based.one with details of the rights you hold, the content in question, and the basis of your claim.

13. Disclaimer of warranties

To the maximum extent permitted by law, the Interface and the Protocol are provided on an "as is" and "as available" basis, without warranty of any kind, express or implied, including any warranty of merchantability, fitness for a particular purpose, title, non-infringement, accuracy, availability, or uninterrupted or error-free operation.

We do not warrant that any token will have value, retain value, achieve graduation, be tradeable, or be free of defect or fraud.

14. Limitation of liability

To the maximum extent permitted by law, we and our affiliates, and our and their officers, directors, employees, contractors, and agents, will not be liable for any indirect, incidental, special, consequential, exemplary, or punitive damages, or for any loss of profits, revenue, data, goodwill, or digital assets, arising out of or relating to your use of the Interface or the Protocol, on any theory of liability, whether or not we were advised of the possibility.

To the maximum extent permitted by law, our aggregate liability arising out of or relating to these Terms, the Interface, or the Protocol will not exceed the greater of (a) the total fees you paid to us in the three months preceding the event giving rise to the claim, or (b) USD 100.

Nothing in these Terms excludes or limits liability that cannot lawfully be excluded or limited, including liability for fraud or fraudulent misrepresentation.

15. Indemnity

You will indemnify and hold harmless us and our affiliates, and our and their officers, directors, employees, contractors, and agents, from and against any claim, demand, action, loss, liability, damage, cost, or expense, including reasonable legal fees, arising out of or relating to (a) your use of the Interface or the Protocol, (b) any token you deploy or promote, (c) your breach of these Terms, or (d) your violation of any law or of any third party's rights.

16. Changes

We may amend these Terms at any time by posting the amended version to the Interface and updating the "Last updated" date. Amendments take effect when posted. Your continued use after that constitutes acceptance. If you do not accept an amendment, stop using the Interface.

17. Governing law and dispute resolution

These Terms, and any non-contractual obligations arising out of or in connection with them, are governed by the laws of the British Virgin Islands.

Informal resolution.You must notify us in writing of any dispute, controversy, or claim arising out of or in connection with these Terms or your use of the Interface (a "Dispute") within thirty (30) days of it arising. Notice must be sent to compliance@based.one and must include (a) your name, postal address, and email address, (b) a description of the Dispute, and (c) the resolution sought. If the Dispute is not resolved within thirty (30) days of receipt, either party may commence arbitration.

Arbitration. Except for claims that may be brought in a small claims court in England and Wales, or in any other competent small claims court where that right cannot be waived under applicable law, all Disputes must be referred to and finally resolved by arbitration administered by the London Court of International Arbitration under the LCIA Rules, which are incorporated by reference. The seat is London, United Kingdom. The arbitration will be conducted in English before a sole arbitrator appointed under the LCIA Rules. Each party bears its own costs unless the tribunal directs otherwise. For the avoidance of doubt, no Dispute may be brought in any court located in the United States of America.

Individual basis only. Disputes are resolved solely on an individual basis. No Dispute may be pursued as a class action, collective action, or other representative proceeding, in arbitration or any other forum. The tribunal may not consolidate claims, conduct representative proceedings, or adjudicate claims on behalf of persons who are not parties.

Competence-competence. The tribunal has exclusive authority to determine any Dispute relating to the interpretation, validity, existence, enforceability, or termination of these Terms, including any question of arbitrability.

Limitation period. Any claim arising out of or in connection with these Terms must be commenced within twelve (12) months after the cause of action accrues, failing which it is permanently barred.

18. General

Entire agreement. These Terms, together with the Privacy Policy and any document expressly incorporated by reference, constitute the entire agreement between you and us regarding the Interface.

Severability. If any provision is held unenforceable, it will be severed and the remainder will continue in effect.

No waiver. Our failure to enforce any provision is not a waiver of it.

Assignment. You may not assign these Terms. We may assign them without restriction.

No third-party beneficiaries. Except as stated in clauses 14 and 15, these Terms create no rights for any third party.

Force majeure. We are not liable for any failure or delay caused by circumstances beyond our reasonable control.

Survival. Clauses 3, 5, 11, 13, 14, 15, 17, and 18 survive termination.

19. Contact

Notices to us: compliance@based.one (including disputes, per clause 17).

Based Technologies Limited, British Virgin Islands