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Last updated: 30 March 2026
Please read these Terms of Service (the “Terms”) carefully. They form a binding legal agreement between you and Nika Finance Inc., a Delaware corporation (“Nika,” “we,” “us,” or “our”).
These Terms govern your access to and use of the Nika website at nika.finance, our mobile applications (the “App”), our non-custodial wallet software (the “Wallet”), and any associated interfaces, tools, and services that we provide (collectively, the “Services”). Nika may also offer other products and services, which will be governed by these Terms unless otherwise specified.
The Services do not include external websites, applications, or platforms that may be linked or accessible through the Services. Such third-party platforms may have their own terms of service, which govern your use of those platforms. For example, the Hyperliquid interface at app.hyperliquid.xyz, owned and operated by HyperLiquid Corp., is independent from Nika. We disclaim all liability for any transactions or activities conducted on such third-party platforms.
The Services may facilitate your access to certain blockchain-based protocols and decentralized applications (“dApps” and, together, the “Protocols”) that are not owned, controlled, or operated by Nika. Any transactions you conduct via such Protocols are solely between you and other users or third-party providers. Nika is not a counterparty and disclaims all liability in connection with those activities.
By clicking “I Accept,” downloading or using the App, creating a Wallet, or otherwise accessing or using the Services, you confirm that (1) you have read, understood, and agree to be bound by these Terms, (2) you are of legal age to form a binding contract with Nika, and (3) you have the authority to enter into these Terms personally or on behalf of the legal entity for which you are using the Services. If you do not agree, you may not use the Services.
The Services are not offered to and may not be used by any person or entity that resides in, is a citizen of, is located in, is incorporated in, or has a registered office in any jurisdiction subject to comprehensive sanctions under applicable U.S., U.K., or EU law, or by any person or entity designated on a government sanctions or watch list (including but not limited to the U.S. Treasury Department’s Office of Foreign Assets Control list). We do not make exceptions. If you are such a restricted person, you may not use the Services. The use of a virtual private network (VPN), proxy, or other technology to circumvent these restrictions is prohibited. You further represent and warrant that your use of the Services will fully comply with all applicable laws and regulations, and that you will not access or use the Services to conduct, promote, or otherwise facilitate any illegal activity.
By agreeing to these Terms, you agree, with limited exceptions, to resolve any dispute between you and Nika through binding, individual arbitration rather than in court. This means you waive the right to a jury trial or to participate in any class, collective, or representative action. See Section 21 (Dispute Resolution) for full details.
We may update these Terms at any time, at our sole discretion. If we do so, we will post the revised Terms on the Site and update the “Last Updated” date above. Such revised Terms take effect immediately upon posting. By continuing to use the Services after changes become effective, you agree to the updated Terms. You should review this page regularly for the most current version.
Nika does not provide investment, financial, legal, accounting, or tax advice or consulting services. We solely provide non-custodial wallet software and interfaces. Any decisions to transact in or engage with digital assets are made solely at your own risk. Nika does not custody, hold, or control user assets or private keys. You are solely responsible for safeguarding your Wallet credentials and for all transactions you authorize. Decisions to engage in transactions or perform operations involving digital assets should be taken solely on your own accord.
Nika provides non-custodial wallet software that enables you to generate addresses and interact with blockchain networks. We do not create, hold, or control wallets on your behalf. We do not custody or have access to your private keys. You are solely responsible for safeguarding your wallet credentials, seed phrases, and private keys. Losing control of your private keys will permanently and irreversibly deny you access to digital assets. Nika cannot recover lost keys, restore access, or reverse transactions. You accept all risks associated with the use of your Wallet and related addresses, including user error, lost passwords, incorrectly constructed transactions, or compromised devices.
Digital assets and decentralized finance are experimental, volatile, and carry significant risks, including complete loss of value. You should never use funds you cannot afford to lose.
These Terms constitute a binding legal agreement between you (“you,” “your,” or “User”) and Nika Finance Inc., a Delaware corporation (“Nika,” “we,” “us,” or “our”). By accessing or using any portion of the Nika website located at nika.finance (the “Site”), our mobile applications (the “App”), our non-custodial wallet software (the “Wallet”), trading interfaces, or any associated products, features, interfaces, or tools we make available (collectively, the “Services”), you acknowledge that you have read, understood, and agreed to be bound by these Terms. Referral programs, affiliate programs, XP programs, trading rewards programs, and any other reward or incentive programs offered by Nika (collectively, 'Programs') are purely discretionary and are governed exclusively by Section 24 of these Terms. Programs are offered as a marketing service only, do not constitute a financial product or investment, and create no contractual entitlement to any Reward of any kind. If you do not agree, you must not access or use the Services. These Terms apply in addition to any supplemental agreements or disclosures made available within the Services. In the event of a conflict, such supplemental terms will control solely with respect to the applicable Service.
You further acknowledge that the Services may interoperate with or facilitate access to independent, third-party protocols, decentralized applications (“dApps”), smart contracts, liquidity venues, custodians, on/off-ramps, and other blockchain-based or financial service providers (collectively, “Third-Party Services”). Nika does not own, control, or operate any such Third-Party Services and expressly disclaims all liability for any acts, omissions, or obligations of such third parties.
We may revise these Terms at any time, in our sole discretion. If we do, we will post an updated version on the Site and update the “Last Updated” date above. Revised Terms take effect immediately upon posting (or at a later date stated in the revision). Your continued use of the Services after the effective date of any change constitutes your acceptance of the updated Terms. You should review these Terms regularly.
For an explanation of how we collect, use, and disclose information from users, please review our Privacy Policy. You acknowledge and agree that your use of the Services is subject to the Privacy Policy, and that we may collect, use, and disclose your information (including personal data) in accordance with it.
The Services are software-only. They enable you to: (a) generate and manage cryptographic keypairs locally on your device and interface with supported blockchain networks through the Wallet; (b) connect to and interact with dApps, decentralized exchanges, perpetual swap protocols, liquidity pools, and other blockchain-based protocols not controlled by Nika (together, the “Protocols”); (c) view balances, addresses, or other publicly available blockchain data; (d) initiate and broadcast transactions directly to supported blockchain networks; and (e) access optional integrations such as fiat on- and off-ramps provided entirely by Third-Party Services.
The Services do not include: (i) brokerage, exchange, clearing, settlement, or execution services; (ii) money transmission, e-money issuance, or banking services; (iii) custody or safekeeping of any digital assets or private keys; or (iv) investment, legal, accounting, or tax advice. All transactions using the Services occur on decentralized networks or through independent third parties outside of our control. Nika is not a counterparty to any transaction. We cannot reverse, cancel, freeze, claw back, insure, or otherwise guarantee any transaction or digital asset.
The Services are software only. The App and Wallet function solely as visual user interfaces and developer tools. Nika is not, and does not represent itself to be, a digital asset exchange, broker, dealer, investment adviser, fund manager, financial institution, custodian, robo-advisor, intermediary, creditor, or counterparty. Nika does not broker trading orders, intermediate transactions, or facilitate the execution or settlement of your trades. All transactions occur directly on public blockchain networks or through Third-Party Services outside our control. We do not (and cannot) guarantee market best pricing or execution. Any references to “best price” or similar language in the Services are non-binding and do not constitute a representation, warranty, or guarantee.
Nika never has possession, custody, or control of your digital assets or private keys. You are solely responsible for securing and maintaining control of your wallet credentials, seed phrases, and private keys. If you lose your credentials, you will permanently lose access to your assets. Nika cannot restore access or reverse transactions. To the fullest extent permitted by law, you acknowledge and agree that Nika owes you no fiduciary duties or obligations. Any duties that may otherwise exist at law or in equity are expressly disclaimed. The Services do not provide financial, investment, legal, accounting, tax, or regulatory advice, directly or indirectly, implicitly or otherwise. Nothing in the Services or these Terms should be considered a substitute for professional advice. You should obtain independent advice before making financial decisions. Nika does not support, endorse, or recommend any particular dApp, Protocol, liquidity pool, or Third-Party Service accessible through the Services. Any creator or operator of such Protocols acts independently and has no employment, agency, or contractual relationship with Nika. You understand and agree that your relationship with Nika is limited strictly to that of an independent user of software. Nothing in these Terms shall be construed to create any fiduciary, partnership, agency, advisory, custodial, or joint-venture relationship between you and Nika.
4.1 Age and Capacity. You may use the Services only if you are at least the age of majority in your jurisdiction of residence, have the legal capacity to form a binding contract, and are not otherwise barred under applicable law.
4.2 Restricted Persons. The Services are not offered to, and may not be used by: (a) persons or entities located in, resident of, incorporated in, or otherwise accessing the Services from jurisdictions subject to comprehensive U.S., EU, U.K., or U.N. sanctions or embargoes; (b) persons listed on any sanctions or denied-party list, including but not limited to the U.S. Department of the Treasury Office of Foreign Assets Control (“OFAC”) Specially Designated Nationals (SDN) list, the U.S. Department of Commerce Denied Persons list, or equivalent lists maintained by other authorities; or (c) any other person prohibited under applicable export-control, anti-money laundering (“AML”), counter-terrorist financing (“CFT”), or similar regimes.
4.3 No Circumvention. You must not attempt to evade eligibility controls or geo-blocking measures, including through the use of VPNs, proxies, or device-spoofing. Any such circumvention constitutes a breach of these Terms.
4.4 Representations. By accessing or using the Services, you represent and warrant that you (i) satisfy the eligibility criteria set forth in this Section, (ii) will comply with all applicable laws, including sanctions, AML, and CFT requirements, and (iii) will not use the Services for any unlawful purpose.
5.1 Non-Custodial Wallet. The Services include non-custodial wallet software that allows you to generate blockchain addresses and interact with supported networks. Nika does not create, hold, or control wallets on your behalf.
5.2 Private Keys. You are solely responsible for securing your wallet credentials, including private keys, recovery phrases, and passwords. If you lose your credentials, you will permanently lose access to your digital assets. Nika cannot recover lost credentials, restore access, or reverse transactions.
5.3 User Error and Device Risk. You assume all risks of user error, including but not limited to forgotten passwords, incorrectly constructed transactions, or mis-typed wallet addresses, as well as risks of device failure, malware, phishing, or unauthorized access.
5.4 Multiple Accounts. Nika may restrict or disable access if it reasonably believes you have created multiple accounts or associated the same wallet address with multiple accounts in violation of these Terms.
5.5 Linked Services. For convenience, you may connect your Wallet to Third-Party Services. Nika is not responsible for any loss, damage, or liability arising from your use of such integrations.
You agree not to, and will not permit any third party to, directly or indirectly: (a) use the Services in any jurisdiction where they are prohibited, or in violation of sanctions or export controls; (b) attempt to circumvent eligibility restrictions, geo-blocking, or sanctions controls; (c) introduce malware, viruses, or exploit security vulnerabilities; (d) interfere with the operation of networks, smart contracts, liquidity venues, or oracles; (e) engage in fraudulent, deceptive, or manipulative behavior, including wash trading, spoofing, layering, front-running, or other abusive trading practices; (f) infringe upon intellectual property, privacy, or proprietary rights; (g) reverse-engineer, decompile, scrape, or extract data from the Services, except as permitted under open-source licenses or applicable law; (h) use the Services to conduct or facilitate unlawful activity, including money laundering, terrorist financing, or securities violations; (i) upload, transmit, or disseminate unlawful, harmful, or objectionable content; or (j) attempt to earn Rewards through self-referral, multiple Account creation, wash trading, artificial volume generation, or any other method of gaming or circumventing any Program, as further described in Section 24.8; (k) use any Referral Link to refer yourself or any Account you directly or indirectly control or benefit from; (l) make any representation, guarantee, or promise to any third party regarding the value, availability, or continuity of any Reward, XP, or Program offered by Nika; or (m) otherwise use the Services in a manner not expressly authorized by these Terms.
Nika reserves the right, but has no obligation, to monitor access and use of the Services. We may suspend, restrict, or disable your access where we reasonably suspect a violation of this Section, without liability to you.
7.1 Independent Providers. The Services may link to, interoperate with, or embed functionality from independent third-party applications, protocols, or service providers, including but not limited to: decentralized applications (“dApps”) and smart contracts; market makers, liquidity providers, and perpetual swap venues; fiat on- and off-ramp providers; price oracles, data feeds, and analytics services; app stores, cloud hosting, or infrastructure providers.
7.2 No Control. Nika does not control and is not responsible for the availability, performance, legality, security, screening decisions, fees, service levels, compliance, or acts and omissions of any third party.
7.3 Separate Terms. Your use of Third-Party Services is governed solely by their terms, privacy policies, and agreements. You are responsible for reviewing and complying with those terms.
7.4 Third-Party Provider Shield. You acknowledge and agree that: (a) Nika is not a party to, and has no liability arising from, your interactions with any Third-Party Service; (b) any transaction you enter into with a Third-Party Service is solely between you and that provider; and (c) Nika makes no warranties or representations, and expressly disclaims all liability, with respect to Third-Party Services.
7.5 Third-Party Beneficiaries. Our affiliates, service providers, licensors, liquidity partners, Token Data Providers, Ramp Service Providers, Perps Venues (including Hyperliquid), Yield Providers (including Yield.xyz), and issuing partners are intended third-party beneficiaries of the provisions of these Terms that concern or benefit them (including Sections 7, 8, 9, 10, and 11, as applicable) and may enforce such provisions directly to the extent permitted by law.
7.6 Prediction Market Integrations. The Services may provide access to prediction market functionality operated by independent third‑party providers, including but not limited to Polymarket (each, a “Prediction Market Provider”). Nika does not own, operate, control, maintain, administer, or deploy any prediction market protocol, contracts, markets, liquidity mechanisms, or resolution infrastructure. All prediction market contracts, pricing mechanisms, market creation systems, and resolution processes are operated entirely by the applicable Prediction Market Provider and its underlying smart contracts.
7.7 Token Data, Search Results, and Asset Identification. The Services may display or make available token names, symbols, logos, contract addresses, pricing information, metadata, liquidity data, rankings, tags, search results, routing suggestions, or other related information sourced from independent third-party data providers, including but not limited to Mobula and other market data aggregators (collectively, “Token Data Providers”) (the “Token Data”). Such Token Data is provided solely for convenience and informational purposes.
Nika does not verify, validate, audit, screen, endorse, or guarantee the accuracy, completeness, authenticity, legitimacy, safety, functionality, legality, or value of any digital asset, token, smart contract, or issuer displayed through the Services. The inclusion of any digital asset in search results, lists, interfaces, routing options, or transaction flows does not constitute a recommendation, approval, representation, or warranty by Nika.
You acknowledge and agree that digital asset identifiers are not unique and that search queries may return multiple assets with identical or similar names, symbols, branding, or metadata, including fraudulent, misleading, spoofed, or malicious tokens. Nika has no reliable or comprehensive means of determining which asset is “official,” “legitimate,” or intended by a user and does not attempt to make such determinations on your behalf.
Any routing, auto-selection, default choice of token, wrapped asset, chain, bridge, liquidity source, or transaction path is provided solely for convenience and may be incorrect, incomplete, suboptimal, or unsafe. Labels such as “top,” “popular,” “verified,” “recommended,” “best,” or similar designations are user interface conveniences only and do not constitute verification or endorsement.
You are solely and entirely responsible for independently verifying the identity, contract address, blockchain network, token standard, decimals, provenance, legitimacy, and risk profile of any digital asset prior to initiating or confirming any transaction. This includes confirming contract addresses through official project documentation, blockchain explorers, or other authoritative sources.
To the maximum extent permitted by law, Nika disclaims all liability for any loss, damage, or harm arising from or relating to: (a) inaccuracies, omissions, or errors in Token Data; (b) your selection of or interaction with any digital asset; (c) fraudulent, spoofed, or malicious tokens; (d) routing decisions or transaction pathways; (e) slippage, liquidity shortages, price impact, or execution failures; or (f) reliance on information provided by Token Data Providers.
By using token search, routing, or discovery features, you expressly assume all risks associated with digital asset identification, routing, and selection, including the risk of total and irreversible loss.
Nika does not act as a broker, dealer, fiduciary, investment adviser, or intermediary in connection with digital asset transactions.
8.1 Independent Providers. The Services may allow you to purchase or sell digital assets using fiat currency through third-party on-/off-ramp providers (the “Ramp Services”). Ramp Services are operated entirely by independent third parties.
8.2 Separate Agreements. Your use of Ramp Services is governed solely by the applicable provider’s terms of use, fee schedules, and privacy policies. In the event of any conflict between those terms and these Terms, the provider’s terms will control for Ramp Services.
8.3 KYC/AML Responsibility. Ramp Services may require you to complete identity verification, sanctions screening, or other compliance checks as determined by the provider. Failure to comply may result in denial or suspension of Ramp Services. Nika has no control over, and disclaims any responsibility for, such processes.
8.4 No Custody or Banking Services. Nika is not a bank, custodian, money transmitter, or financial institution. Nika does not receive, hold, or transmit fiat currency or digital assets in connection with Ramp Services. Any safeguarding or insurance (if applicable) is provided solely by the third-party provider.
8.5 Data Sharing. By initiating a Ramp Service transaction, you authorize Nika to share the minimum necessary personal or transactional information with the provider to facilitate the transaction and comply with applicable law, subject to our Privacy Policy.
9.1 Third-Party Infrastructure. Perpetual trading functionality accessible through the Services is provided exclusively by independent third-party protocols and platforms, including Hyperliquid (each, a “Perps Venue”). Nika does not own, operate, control, maintain, or administer any Perps Venue.
9.2 No Broker, Dealer, or Intermediary Role. Nika does not act as a broker, dealer, counterparty, clearing agent, intermediary, investment adviser, or fiduciary in connection with perpetual trading. Nika does not execute trades on your behalf, does not match orders, and does not custody collateral used for perpetual positions.
9.3 Builder Code or Referral Identifiers. The Services may utilize a builder code, referral identifier, or similar attribution mechanism associated with Nika. You acknowledge and agree that: (a) Such identifier does not create any agency, partnership, joint venture, fiduciary, or employment relationship between Nika and any Perps Venue; (b) Nika has no control over the Perps Venue’s smart contracts, order matching engine, risk engine, margin framework, leverage limits, funding rates, oracle pricing, liquidation mechanics, or auto-deleveraging procedures; (c) The existence of a builder code does not make Nika responsible for the operation, solvency, or security of the Perps Venue. Builder Codes and Referral Identifiers for the perpetuals product are technical fee-routing and attribution mechanisms, and any fee credits, rebates, or other benefits associated with their use are subject to the terms of Section 24 of these Terms, including without limitation the provisions governing Nika's right to modify, withhold, reverse, or terminate any associated credits or payouts at any time. Section 9.3 governs the technical operation of Builder Codes and Referral Identifiers; Section 24 governs all legal rights and obligations with respect to any associated Rewards or incentives.
9.4 Execution Determined Solely by Venue. All perpetual positions, collateral management, funding payments, liquidations, and position outcomes are determined exclusively by the Perps Venue’s smart contracts and market conditions.
9.5 No Liability for Liquidation or Market Events. Nika shall not be liable for any losses arising from or relating to: Liquidation events, Margin calls, Leverage usage, Adverse price movements, Funding rate fluctuations, Auto-deleveraging, Oracle failures or pricing errors, System downtime, Network congestion, Latency, Rejected, delayed, or canceled transactions.
9.6 Venue Terms Govern. Your use of perpetual trading functionality is subject to the applicable Perps Venue’s terms and conditions. In the event of any conflict between this Agreement and a Perps Venue’s terms relating to perpetual trading, the Perps Venue’s terms shall govern.
9.7 Sophisticated User Acknowledgment. You acknowledge that perpetual trading involves substantial risk, including the risk of rapid and total loss of collateral.
10.1 Definitions (Earn). “Yield Opportunities” means any staking, lending, vault, restaking, liquidity, rewards, or other yield-generating strategy, product, or opportunity that may be displayed, accessed, or interacted with through the Services. “Yield Providers” means independent third-party providers that supply yield opportunity data, APIs, routing, smart contract integrations, and/or related infrastructure for Yield Opportunities, including Yield.xyz.
10.2 Third-Party Smart Contracts and Infrastructure. Yield Opportunities accessible through the Services are provided and operated by independent third parties, including Yield Providers and underlying protocols and smart contracts. Nika does not own, deploy, operate, control, administer, or maintain any protocol or smart contract that provides Yield Opportunities.
10.3 Non-Custodial Nature; User-Authorized Transactions. Nika does not take custody of user digital assets in connection with Yield Opportunities. Any deposit, withdrawal, claim, stake, restake, mint, burn, or other interaction with a Yield Opportunity occurs through transactions that you authorize from your wallet directly to third-party smart contracts. Nika does not possess, hold, or control your private keys and cannot reverse, cancel, refund, claw back, or undo any Yield Opportunity transaction.
10.4 Fee Disclosure; No Custody Created by Fee Mechanics. Nika may receive fees (including entry fees, performance fees, and/or other fees) in connection with Yield Opportunities. You acknowledge and agree that such fees (if any) are facilitated through third-party smart contracts and/or Yield Providers’ contract systems and that the existence or receipt of such fees does not create custody, control, fiduciary duty, advisory duty, or any other obligation on Nika’s part with respect to your assets or any Yield Opportunity.
10.5 No Guarantee of Rewards; Estimates Only. Displayed APYs, reward rates, projected returns, or other yield metrics are estimates only, may be delayed, incorrect, or incomplete, and may change at any time. Rewards are not guaranteed and may be reduced, suspended, forfeited, or eliminated. You may suffer partial or total loss, including loss of principal.
10.6 No Recommendation; No Advice. Nika does not recommend, endorse, screen, audit, verify, or evaluate any Yield Opportunity, protocol, validator, vault, strategy, or Yield Provider. Nothing in the Services constitutes investment, financial, legal, tax, or accounting advice.
10.7 Key Risks; User Assumption of Risk. You acknowledge and agree that Yield Opportunities are inherently risky and may result in partial or total loss due to factors including, without limitation: smart contract vulnerabilities or exploits; validator slashing; bridge failures; oracle manipulation; governance attacks; depegging events; liquidity failures; counterparty failures; protocol pauses or upgrades; administrative key compromise; or adverse market conditions. You assume all risks associated with Yield Opportunities, including the risk of total and irreversible loss.
10.8 No Monitoring; No Duty to Warn. Nika has no obligation to monitor, investigate, warn, or notify you regarding the security, solvency, performance, governance, code quality, exploit status, or risk profile of any Yield Opportunity, protocol, smart contract, or Yield Provider, even if Nika becomes aware of information that may affect such risks.
10.9 Yield Provider Disclaimer of Warranties (Third-Party Beneficiary). To the maximum extent permitted by law, Yield Providers (including Yield.xyz) provide their APIs, data, interfaces, routing, integrations, smart contract integrations, and any related services or materials “AS IS” and “AS AVAILABLE,” and expressly disclaim all warranties of any kind, whether express, implied, statutory, or otherwise, including any implied warranties of merchantability, fitness for a particular purpose, title, non-infringement, accuracy, reliability, availability, security, and uninterrupted operation. Without limiting the foregoing, Yield Providers do not warrant that any Yield Opportunity will generate rewards, maintain any APY, avoid loss, or be free from exploit, slashing, administrative key compromise, insolvency, or other harm. Yield Providers are intended third-party beneficiaries of this Section 10.9 and may enforce it directly.
10.10 Limitation of Yield Provider Liability; Waiver of Claims (Third-Party Beneficiary). To the maximum extent permitted by law, in no event will any Yield Provider (including Yield.xyz) be liable to you for any damages arising from or relating to Yield Opportunities or related services, whether under contract, tort, statute, strict liability, or any other legal theory, including any direct, indirect, incidental, consequential, exemplary, special, or punitive damages, or any loss of digital assets, rewards, profits, revenue, goodwill, data, or use, even if advised of the possibility of such damages. You hereby waive and release any and all claims against Yield Providers arising from or relating to Yield Opportunities. Yield Providers are intended third-party beneficiaries of this Section 10.10 and may enforce it directly.
10.11 Allocation of Responsibility; No Liability for Yield Outcomes. Without limiting any other disclaimers or limitations in these Terms, Nika disclaims all liability arising from or relating to Yield Opportunities, including losses arising from smart contract exploits, slashing events, bridge failures, oracle events, protocol insolvency, protocol design, governance changes, reward changes, or any acts or omissions of Yield Providers or underlying protocols.
11.1 Third‑Party Infrastructure. Prediction markets accessible through the Services are provided exclusively by independent third‑party providers, including Polymarket. Nika provides only a user interface that allows users to access such markets. Nika does not operate, control, or administer the underlying protocol or any prediction market contracts.
11.2 No Brokerage or Execution Role. Nika does not act as a broker, dealer, exchange, counterparty, intermediary, or clearing agent in connection with prediction markets. Nika does not match orders, execute trades, or determine pricing or liquidity.
11.3 No Control Over Transactions. Transactions relating to prediction markets occur directly between your wallet and third‑party smart contracts. Nika does not transmit trading instructions, execute transactions on your behalf, or control the operation of any blockchain network or smart contract used in connection with prediction markets.
11.4 No Custody. Nika does not custody, hold, or control user digital assets in connection with prediction markets. All transactions are authorized and broadcast directly from your wallet.
11.5 Market Creation and Resolution. Prediction markets may be created by third parties and resolved according to the rules of the underlying protocol. Nika does not create, verify, monitor, validate, or resolve prediction markets and is not responsible for the accuracy, legitimacy, or outcome of any market.
11.6 Data and Display Information. The Services may display market probabilities, pricing data, liquidity metrics, or other information sourced from third‑party providers. Nika does not verify or guarantee the accuracy or completeness of such information.
11.7 Geographic Restrictions. Access to prediction markets may be restricted in certain jurisdictions. Eligibility controls and geographic restrictions may be implemented by the underlying Prediction Market Provider. Nika does not guarantee the effectiveness of such controls and disclaims responsibility for any user attempts to circumvent geographic restrictions.
11.8 Compliance with Polymarket Terms. By accessing prediction market functionality through the Services, you acknowledge that your use is also subject to the applicable terms of the Prediction Market Provider, including the Polymarket Terms of Use.
11.9 Future Attribution Fees. Nika may receive attribution fees, referral rewards, or other compensation from Prediction Market Providers in connection with user activity. Such arrangements do not create any agency, partnership, fiduciary, or joint‑venture relationship between Nika and the Prediction Market Provider.
11.10 Assumption of Risk. Prediction markets are speculative and highly volatile. Participation may result in the partial or total loss of digital assets. You assume all risks associated with interacting with prediction market protocols through the Services.
11.11 Prediction Market Risk. Participation in prediction markets involves significant risk and may be considered speculative. Prices may change rapidly, markets may resolve unexpectedly, and disputes may arise regarding market outcomes. Nika does not control or participate in the resolution of prediction markets and disclaims all liability relating to prediction market outcomes.
12.1 General Risks. You acknowledge and agree that digital assets and blockchain-based technologies are experimental, volatile, and inherently risky. By using the Services, you assume full responsibility for all risks, including but not limited to: Market Risk (price volatility, leverage, liquidations, and loss of value of digital assets and derivatives); Technology Risk (bugs, exploits, vulnerabilities, or unintended code behaviors in smart contracts, dApps, or blockchain protocols); Network Risk (forks, upgrades, reorganizations, censorship, front-running, miner/validator extractable value (MEV), or chain instability); Transaction Risk (failed, delayed, or reverted transactions; incorrect addresses; insufficient gas; or slippage between quoted and executed prices); Security Risk (loss of private keys, device compromise, phishing, malware, or unauthorized access); Regulatory Risk (changes in law, regulation, or enforcement action that may restrict, alter, or prohibit use of digital assets or the Services); and Counterparty Risk (failures, hacks, or insolvency of independent liquidity providers, oracles, or Third-Party Services).
12.2 Perpetual Contracts Disclaimer. Trading perpetual contracts (“perps”) through Nika involves significant risk, including the risk of rapid and total loss of collateral due to leverage, liquidation, funding rate changes, volatility, liquidity constraints, oracle/pricing events, network congestion, system latency, or protocol failures. Perps functionality accessible through the Services is provided exclusively by independent third-party venues (including Hyperliquid). Nika does not operate any Perps Venue and disclaims all liability arising from or relating to your perps trading activity. Your use of perps is subject to Section 9 (Perpetual Trading via Third-Party Venues) and the applicable Perps Venue’s terms, which govern in the event of conflict.Once an order is executed, it is processed via decentralized smart contracts and cannot be modified or reversed by Nika. Due to the decentralized nature of perps and the volatility of market conditions, execution may not occur exactly at the intended price or time. Contingent orders, such as stop-loss or limit orders, may not fully protect against losses. Market fluctuations, liquidity constraints, and network delays can impact order fulfillment and result in losses exceeding initial expectations. Nika does not act as a broker, intermediary, or custodian and has no control over user transactions. By trading perps on Nika, you acknowledge and accept these risks and agree to be bound by the Nika Terms of Service, Hyperliquid Terms of Use, and Privacy Policy.
12.3 Irreversibility. Blockchain transactions are final and irreversible once confirmed. Nika cannot reverse or recover assets sent in error.
12.4 No Insurance. Digital assets are not insured by Nika, the Federal Deposit Insurance Corporation (FDIC), the Securities Investor Protection Corporation (SIPC), or any other governmental or private insurer.
12.5 No Advice. The Services do not provide financial, investment, legal, accounting, or tax advice. Decisions to buy, sell, hold, or use digital assets are made entirely at your own risk.
12.6 Taxes and Fees. You are solely responsible for all gas fees, network fees, third-party fees, and any applicable taxes arising from your use of the Services. Nika reserves the right to charge fees for certain Services in the future.
12.7 Token Identification and Data Risk. Digital asset names, symbols, and branding are not unique and may be duplicated, impersonated, or misleading. Information displayed through the Services, including token metadata, pricing data, logos, or search results, may be inaccurate, incomplete, or incorrect and may originate from independent third-party sources beyond Nika’s control. Nika does not guarantee that any token displayed or selected through the Services corresponds to a particular project, issuer, or “official” asset. You acknowledge that interacting with an incorrect, fraudulent, or malicious token may result in immediate, total, and irreversible loss of digital assets, and that such losses are not recoverable by Nika. You assume full responsibility and all risks associated with verifying digital asset identity and legitimacy, and you agree that Nika bears no responsibility or liability for losses arising from token misidentification, user error, or reliance on third-party data.
13.1 No Involvement. Interactions, communications, or transactions between users of the Services, or between a user and a third party accessed through the Services (including Protocols, liquidity providers, or Ramp Services), are solely between those parties.
13.2 Release. To the maximum extent permitted by law, you release Nika and its affiliates, officers, directors, employees, contractors, and service providers from any and all claims, demands, liabilities, disputes, or damages of any kind arising out of or relating to disputes between you and any other user or third party.
13.3 Indemnity. If Nika is made a party to a dispute between you and another user or third party due to your acts or omissions, you agree to indemnify and hold Nika harmless in accordance with Section 19 (Indemnification).
14.1 Sanctions Compliance. You represent and warrant that you are not: (a) located in, resident of, incorporated in, or accessing the Services from a jurisdiction subject to comprehensive sanctions or embargoes; (b) identified on, or acting for a party identified on, any applicable sanctions or denied-party list, including but not limited to OFAC’s Specially Designated Nationals list, the BIS Denied Persons List, or equivalent lists issued by the EU, U.K., or U.N.; or (c) using the Services to evade sanctions or restrictions.
14.2 No Circumvention. You must not use VPNs, proxies, or other technical means to attempt to circumvent geographic or eligibility restrictions.
14.3 Export Controls. You agree to comply with all applicable export control and re-export laws, including those administered by the U.S. Department of Commerce and the U.S. Department of State. You will not use the Services for any end-use prohibited by applicable law, including the development, design, manufacture, or production of nuclear, missile, chemical, or biological weapons.
14.4 AML/CFT. Except as required by third-party Ramp Services under Section 8, Nika does not conduct customer due diligence. You are solely responsible for ensuring that your use of the Services complies with applicable anti-money laundering and counter-terrorist financing laws.
15.1 Our Rights. We may, in our sole discretion and without liability to you, suspend, restrict, or terminate your access to any part of the Services at any time, with or without notice, if we reasonably suspect that: (a) you have breached these Terms; (b) you have engaged in fraud, misconduct, or unlawful activity; (c) you pose sanctions, AML, or regulatory risk; (d) we are required to do so by law, regulation, or order of a competent authority; or (e) such action is necessary to protect the integrity, security, or stability of the Services.
15.2 Effect of Termination. Upon termination, your right to access and use the Services immediately ceases. Sections of these Terms that by their nature should survive termination (including but not limited to Sections 3, 7–12, 13–24) shall continue in full force and effect.
15.3 No Liability. To the fullest extent permitted by law, Nika will not be liable for any losses, damages, or liabilities arising from or relating to any suspension, restriction, or termination of your access to the Services.
16.1 Our Content. All intellectual property rights in and to the Services, including but not limited to software, interfaces, source code, designs, text, graphics, logos, and trademarks, are owned by or licensed to Nika. Except as expressly permitted by these Terms or applicable open-source licenses, you may not copy, modify, distribute, sell, or create derivative works of the Services.
16.2 Open-Source Components. Certain components of the Services may be offered under open-source or source-available licenses. In the event of a conflict between such licenses and these Terms, the open-source license will control solely with respect to the applicable component.
16.3 User Content. If you submit content (including but not limited to feedback, suggestions, support tickets, bug reports, or other contributions), you grant Nika a worldwide, perpetual, irrevocable, royalty-free license to use, copy, modify, distribute, and commercialize such content for any purpose without attribution or compensation.
16.4 Third-Party Rights. The Services may display or interoperate with third-party content, trademarks, or services. All such third-party rights are the property of their respective owners. Nika does not claim ownership over them and disclaims all liability relating to them.
17.1 “As Is” Basis. The Services are provided on an “as is” and “as available” basis, without warranties of any kind, whether express, implied, or statutory. Nika specifically disclaims all warranties, express or implied, including but not limited to warranties of merchantability, fitness for a particular purpose, title, non-infringement, quiet enjoyment, accuracy, reliability, or availability.
17.2 No Advice. The Services do not constitute financial, investment, legal, accounting, or tax advice. Any content, information, or tools made available are for informational purposes only and should not be relied upon for financial or trading decisions. You should obtain independent professional advice before engaging in any digital asset activity.
17.3 Blockchain and Third-Party Risks. Nika makes no representations or warranties regarding: (a) the operation, security, or functionality of any blockchain or Protocol; (b) the acts or omissions of liquidity providers, Ramp Services, or other third parties; (c) the uninterrupted, timely, or error-free availability of the Services; or (d) the accuracy of data displayed through the Services, including price quotes, balances, or transaction status.
17.4 Assumption of Risk. You acknowledge that use of blockchain technology involves significant risks, including those described in Section 12 (Risk Disclaimers). You assume full responsibility for these risks when accessing or using the Services.
18.1 Exclusion of Certain Damages. To the maximum extent permitted by law, Nika and its affiliates, officers, directors, employees, contractors, and service providers shall not be liable for any indirect, incidental, special, consequential, exemplary, or punitive damages, or for any loss of digital assets, or for any loss of profits, revenues, goodwill, data, or use, even if we were advised of the possibility of such damages.
18.2 Aggregate Liability Cap. To the maximum extent permitted by law, Nika’s total aggregate liability for all claims arising out of or relating to the Services shall not exceed one hundred U.S. dollars (USD $100), regardless of the cause of action, legal theory, or number of claims.
18.3 Waiver of Non-Contractual Theories. The parties agree that their relationship and obligations are defined solely by contract. Each party expressly waives the right to assert claims under tort, equity, strict liability, or other non-contractual theories to the fullest extent permitted by law.
18.4 Time Limitation on Claims. Except as otherwise required by law, any claim, dispute, demand, or cause of action arising out of or relating to the Services or these Terms must be filed within one (1) year after the claim accrues; otherwise, it is permanently barred.
19.1 Indemnity by You. To the maximum extent permitted by law, you agree to indemnify, defend, and hold harmless Nika, its affiliates, officers, directors, employees, contractors, and service providers (the “Indemnified Parties”) from and against any and all claims, damages, obligations, liabilities, losses, fines, penalties, costs, and expenses (including reasonable attorneys’ fees) arising out of or relating to: (a) your access to or use of the Services; (b) your violation of these Terms; (c) your violation of any applicable law or regulation; (d) your infringement or misappropriation of any third-party right; or (e) your negligence, fraud, or willful misconduct.
19.2 Defense and Cooperation. You agree to promptly notify the Indemnified Parties of any claim subject to indemnification, cooperate fully in the defense, and allow Nika to assume exclusive control of the defense and settlement. You may not settle any claim without Nika’s prior written consent.
Nika shall not be liable or responsible for any failure or delay in performance caused by events beyond its reasonable control, including but not limited to: natural disasters, pandemics, epidemics, war, terrorism, civil unrest, government orders, labor disputes, embargoes, sanctions, internet or telecommunications outages, DNS or PKI failures, validator or miner failures, blockchain congestion, protocol attacks, distributed denial-of-service (DDoS) attacks, cyber intrusions, power outages, or failures of third-party providers.
21.1 Governing Law. These Terms and your use of the Services shall be governed by and construed in accordance with the laws of the State of Delaware, without regard to conflict-of-laws principles, and consistent with the Federal Arbitration Act.
21.2 Mandatory Arbitration. Any dispute, controversy, or claim arising out of or relating to these Terms or the Services shall be resolved by binding arbitration administered by JAMS under its Comprehensive Arbitration Rules and Procedures, including Expedited Procedures. The arbitration shall be conducted in English, seated in Delaware, and may be conducted remotely to the extent permitted by JAMS.
21.3 Individual Capacity Only. YOU AND NIKA AGREE THAT ALL CLAIMS WILL BE BROUGHT ONLY IN AN INDIVIDUAL CAPACITY AND NOT AS A CLASS, COLLECTIVE, CONSOLIDATED, OR REPRESENTATIVE PROCEEDING. THE ARBITRATOR MAY NOT CONSOLIDATE MORE THAN ONE PERSON’S CLAIMS OR OTHERWISE PRESIDE OVER ANY FORM OF REPRESENTATIVE OR CLASS PROCEEDING.
21.4 Waiver of Jury Trial. To the maximum extent permitted by law, you waive your right to a jury trial.
21.5 Carve-Outs. Either party may bring qualifying claims in small-claims court or seek injunctive or equitable relief in a court of competent jurisdiction to protect intellectual property or trade secrets.
21.6 Confidentiality. Arbitration proceedings, submissions, and awards shall be confidential, except as necessary to enforce an award or as required by law.
21.7 Public Injunctive Relief. To the fullest extent permitted by law, you and Nika agree that the arbitrator may award relief only in favor of the individual party seeking relief and only to the extent necessary to provide relief warranted by that party’s individual claim. The arbitrator may not award relief for or against anyone who is not a party to the proceeding. The arbitrator may not grant any form of public injunctive relief or any relief that would affect users of the Services generally.
21.8 Survival and Severability. This Section 21 shall survive termination of these Terms. If the class action waiver in Section 21.3 is found to be unenforceable, the entire arbitration agreement in this Section 21 shall be null and void, and any claims shall be brought exclusively in the state or federal courts located in Delaware, on an individual basis only. If any other provision of this Section 21 is found to be invalid or unenforceable, the remaining provisions shall remain in full force and effect.
21.9 Program Disputes. For the avoidance of doubt, any dispute, claim, or controversy arising out of or relating to any Program, Reward, Affiliate Payout, XP credit, or any decision by Nika relating to Program eligibility, Reward calculation, withholding, reversal, or forfeiture, is subject to binding arbitration and the class action waiver set forth in this Section 21.
22.1 Entire Agreement. These Terms constitute the entire agreement between you and Nika regarding the Services and supersede all prior agreements or understandings.
22.2 Assignment. You may not assign or transfer your rights or obligations under these Terms without Nika’s prior written consent. Nika may freely assign or transfer its rights and obligations without restriction.
22.3 No Reliance; No Guaranteed Access. You acknowledge that you have not relied on any representation, promise, or statement by Nika that is not expressly set forth in these Terms. Nika does not guarantee that any feature (including token search, routing, perps access, or Yield Opportunities) will be available at any particular time, in any region, or in any form, and may modify, suspend, or discontinue any feature at any time.
22.4 Severability. If any provision of these Terms is held invalid or unenforceable, the remaining provisions shall remain in full force and effect.
22.5 No Waiver. Failure to enforce any right or provision of these Terms shall not be deemed a waiver of such right or provision.
22.6 Notices. Nika may provide notices via email, in-app messages, or by posting on the Site. Notices shall be deemed effective when sent.
22.7 Changes. We may amend these Terms at any time by posting an updated version with a new “Last Updated” date. Your continued use of the Services after changes take effect constitutes acceptance.
22.8 Reservation of Rights. Nika reserves all rights not expressly granted to you under these Terms.
22.9 Regulatory Status. Nika is not registered with the U.S. Securities and Exchange Commission, the Commodity Futures Trading Commission, the Financial Industry Regulatory Authority, or any other regulatory authority, and the Services are not subject to any such regulatory oversight.
22.10 Export Control. You may not use or access the Services in violation of U.S. export laws or regulations, or for any prohibited end-use.
If you download the App from the Apple App Store or Google Play, you also agree to their standard terms. Apple and Google are not responsible for the App or its content, have no obligation to provide maintenance or support, and are third-party beneficiaries of this paragraph.
24.1 Overview; Discretionary Nature. Nika Finance Inc. ("Nika," "we," "us," or "our") may, from time to time and entirely at our sole and absolute discretion, offer one or more programs under which Users may earn Rewards, including but not limited to referral programs, affiliate programs, trading rewards programs, XP or experience points programs, loyalty programs, airdrop campaigns, promotional events, and other similar or ancillary initiatives (collectively, the "Program" or "Programs"). The Programs are offered as a purely discretionary marketing and promotional service.
Nothing in these Terms, any Program Terms, any communication from Nika, or any course of dealing shall be construed as creating any obligation, entitlement, contractual right, vested right, proprietary interest, or legitimate expectation with respect to any Reward, Program participation, Program continuation, Program structure, benefit level, payout rate, or any other aspect of the Programs. Nika may offer, modify, pause, or terminate any Program at any time without prior notice and without incurring any liability to any User.
24.2 Definitions. For purposes of this Section 24, the following definitions apply in addition to, and without limiting, the definitions set forth elsewhere in these Terms:
"Affiliate" means a User who has enrolled in a Program in connection with referring new Users to the Platform and who may receive Referral Rewards or Affiliate Payouts in accordance with applicable Program Terms.
"Affiliate Payout" means any Reward that may become available to an Affiliate in connection with the Platform activity of valid Referrals.
"Program Terms" means any supplemental rules, schedules, eligibility criteria, payout tables, conditions, or other terms governing a specific Program, whether posted on the Platform, communicated via email or in-app notification, or otherwise made available to Users, all of which are incorporated into these Terms by reference. In the event of conflict between Program Terms and this Section 24, Program Terms shall govern with respect to the specific Program to which they apply.
"Referral" means a new, eligible User who registers on the Platform using a valid Referral Link and who satisfies all applicable eligibility and activity criteria as Nika may determine in its sole discretion from time to time.
"Referral Link" means a unique link, code, identifier, token, or other mechanism generated by or assigned to an Affiliate for the purpose of tracking Referrals to the Platform.
"Rewards" means any and all benefits, incentives, credits, or distributions that Nika may, in its sole and absolute discretion, make available in connection with the Programs, including without limitation: digital tokens or cryptocurrencies of any kind; stablecoins, USDC, or other dollar-denominated or fiat-pegged assets; fee rebates or discounts; trading credits; points, XP, or loyalty credits; airdrops of any asset; any other on-chain or off-chain consideration of any description; and any combination of the foregoing. The form, type, denomination, calculation basis, and delivery mechanism of any Reward are entirely within Nika's sole discretion and may be changed at any time with or without notice.
"Trading Rewards" means Rewards that may be offered in connection with trading volume, activity, fees generated, or other measurable trading metrics, as Nika may determine.
"XP" or "Experience Points" means a non-monetary, non-transferable, non-redeemable internal credit that Nika may award in connection with Platform activity. See Section 24.6.
24.3 Eligibility. To be eligible to participate in any Program, a User must:
(a) be at least 18 years of age, or of legal age to enter into a binding contract in the applicable jurisdiction, whichever is greater;
(b) not be a Restricted Person, as defined in these Terms;
(c) not be located in, ordinarily resident in, incorporated under the laws of, or controlled by a person or entity in any Restricted Territory, including without limitation any territory subject to comprehensive sanctions administered by the Office of Foreign Assets Control ("OFAC") of the U.S. Department of the Treasury, the United Nations Security Council, the European Union, His Majesty's Treasury, or any other applicable governmental sanctions authority (see Section 24.15 for the non-exhaustive list of Restricted Territories applicable to the Programs);
(d) maintain an Account in good standing and in compliance with these Terms at all times during Program participation;
(e) satisfy any verification, KYC, or identity requirements imposed by Nika pursuant to Section 24.14; and
(f) satisfy any additional eligibility criteria that Nika may establish for any specific Program at any time in its sole and absolute discretion.
Nika reserves the right to determine eligibility for any Program in its sole and absolute discretion, and to deny, revoke, suspend, or modify any User's eligibility at any time and without prior notice or explanation. Any such determination is final and binding. The right to participate in any Program is a privilege, not a right, and may be revoked at any time.
24.4 Program Structure; Tiers. Programs may be structured in one or more tiers, levels, bands, categories, or cohorts (each, a "Tier"), or may operate as a flat single-level program. The existence, number, composition, qualifying criteria, Reward rates, payout structures, benefit levels, and all other characteristics of any Tier are determined entirely by Nika in its sole and absolute discretion and may be established, modified, merged, split, eliminated, or restructured at any time and without prior notice or liability to any User.
Participation at any Tier level does not confer any right to remain at that Tier level, any right to any specific Reward rate or benefit level, or any expectation of continued participation. Nika may reclassify any User's Tier status at any time for any reason, including retroactively where Nika determines that a User's Tier status was assigned in error or as a result of fraudulent or abusive activity. Where a Program operates on a multi-level or multi-tier basis, Rewards in respect of activity attributable to any downstream tier are subject to the same terms, conditions, limitations, and discretions applicable to Rewards at the primary level.
24.5 Referral and Affiliate Mechanics
24.5.1 Referral Links. Nika may provide eligible Users with one or more unique Referral Links for use in connection with the Program. Referral Links are personal and non-transferable, and may not be sold, licensed, sublicensed, assigned, or provided to any third party for use as that party's own link. Referral Links may only be used by the User to whom they were issued, and only for lawful promotional purposes consistent with these Terms. Nika reserves the right to deactivate, reassign, modify, or invalidate any Referral Link at any time and without notice, without any liability to the User.
24.5.2 Referral Conditions. For a Referral to qualify under any Program, all of the following conditions must be met as determined by Nika in its sole discretion:
(i) the referred individual must be a genuinely new User who has not previously registered on the Platform, held any prior Account, or had any prior affiliation with the Platform or any related service, under any email address, wallet address, device identifier, or other identifier;
(ii) the referred individual must complete registration on the Platform using the Referral Link prior to any other Platform registration activity;
(iii) the referred User must satisfy all eligibility requirements set forth in Section 24.3 and any applicable Program Terms; and
(iv) the referred User must meet any minimum activity requirements, trading volume thresholds, deposit requirements, holding periods, or other conditions as Nika may specify in Program Terms or otherwise in its sole discretion, including criteria that may be established or modified after a Referral has been made.
Nika reserves the right to decline to credit any Referral in its sole and absolute discretion, including where Nika suspects, regardless of actual proof, that the Referral does not satisfy applicable conditions, was made in bad faith, was made by fraudulent or artificial means, or violates the spirit of the Program. Such determinations are final and binding.
24.5.3 Affiliate Earnings. Subject to these Terms and applicable Program Terms, an Affiliate may earn Affiliate Payouts based on such metrics as Nika determines, which may include trading activity, fees generated, volume, open interest, or any other activity attributable to valid Referrals. Affiliate Payouts are calculated by Nika in accordance with rates, schedules, and formulas established by Nika in its sole and absolute discretion, which may be changed at any time with or without notice. No Affiliate has any right to any particular payout rate or formula, and Nika makes no representation regarding the amount, frequency, duration, or continuation of Affiliate Payouts. Nika may at any time and for any reason modify, reduce, or eliminate Affiliate Payout rates, including with respect to previously accrued but unclaimed amounts.
24.6 XP Program.
Nika may offer an experience points program (the "XP Program") under which Users may accumulate XP credits based on Platform activity. The following terms govern XP:
(a) Nature of XP. XP is a purely internal, non-monetary digital credit with no cash value, no monetary equivalent, no redeemable value, and no exchangeable value, unless Nika expressly elects otherwise in a specific written communication. XP does not constitute a security, currency, commodity, financial instrument, property, entitlement, or any other form of asset recognized at law or in equity. Nika makes no representation, warranty, or commitment that XP will ever have, retain, acquire, or be convertible into any monetary or other value, or that any utility or benefit associated with XP will continue to exist.
(b) Earning and Accrual. XP may be earned through such Platform activities, behaviors, events, milestones, referrals, or criteria as Nika may determine at any time in its sole and absolute discretion. The rate at which XP is earned, the activities that qualify for XP accrual, bonus multipliers, promotional events, and all other aspects of XP mechanics may be established, modified, augmented, reduced, suspended, or terminated by Nika at any time with or without notice.
(c) Use and Redemption. XP may be applied to such benefits, redemptions, conversions, or purposes as Nika may make available from time to time, entirely in its own discretion. Nika is under no obligation to provide any redemption mechanism, conversion pathway, exchange function, or utility for XP at any time, and the availability of any such mechanism may be revoked at any time.
(d) Expiration; Forfeiture. XP may expire, be reduced, adjusted, or forfeited upon such events as Nika may determine, including without limitation: Account closure, suspension, or termination; violation of these Terms; extended inactivity; or Program termination. Nika is not required to provide advance notice of XP expiration, reduction, or forfeiture.
(e) Non-Transferability. XP is non-transferable, non-assignable, and may not be gifted, sold, traded, or otherwise conveyed to any third party under any circumstances. Any purported transfer is void ab initio.
(f) Nika's Discretion. Nika may at any time and without notice adjust, recalculate, reduce, zero out, or otherwise modify any User's XP balance, including retroactively, for any reason Nika deems appropriate, including but not limited to correction of errors, suspected abuse, Program restructuring, or any other operational or legal reason.
24.7 Trading Rewards. Nika may offer Trading Rewards to Users who meet specified trading volume, activity level, fee generation, or other criteria. In addition to all other provisions of this Section 24, the following apply to Trading Rewards:
(a) The criteria for earning Trading Rewards, including volume thresholds, qualifying instruments, calculation periods, eligible markets, and applicable formulas, are determined by Nika in its sole and absolute discretion and may be modified at any time with or without notice;
(b) Trading Rewards may be subject to vesting periods, lock-up periods, minimum holding durations, minimum balance requirements, or other conditions before they become available for claim, and any such conditions may be imposed or modified by Nika at any time;
(c) Trading activity that Nika determines, in its sole and absolute discretion, to constitute wash trading, circular trading, self-trading, artificial volume generation, market manipulation, or other abusive conduct shall not qualify for Trading Rewards, regardless of whether such conduct technically satisfies volume thresholds, and may result in immediate disqualification and Account action; and
(d) The form, denomination, and distribution mechanism of Trading Rewards are within Nika's sole discretion and may vary across Users, Programs, time periods, or market cycles.
24.8 Anti-Abuse; Prohibited Conduct. The following conduct constitutes a material breach of these Terms and is expressly prohibited in connection with any Program:
(a) Self-Referral. No User may refer themselves, use a Referral Link to create additional Accounts under any other identity, or otherwise attempt to earn Rewards by referring Accounts that the User directly or indirectly controls, operates, or benefits from. Any Rewards earned through self-referral are void and subject to reversal.
(b) Multiple Accounts. Creating, operating, or benefiting from multiple Accounts for the purpose of circumventing Program rules, multiplying Reward earnings, or otherwise gaming the Program is prohibited. Accounts operated by the same individual, household, device, IP address, or beneficial owner may be treated as a single Account for Program purposes at Nika's sole discretion.
(c) Fake or Fraudulent Referrals. Generating Referrals through fraudulent, automated, or artificial means, including use of bots, scripts, automated accounts, click farms, synthetic identities, or other mechanisms designed to simulate genuine User registrations, is strictly prohibited.
(d) Misrepresentation. Users may not misrepresent the nature, features, or capabilities of the Platform; overstate, guarantee, or imply guaranteed returns or rewards; make unauthorized promises regarding the Platform or Rewards; or otherwise engage in misleading, deceptive, or unlawful promotional activity.
(e) Spam and Unsolicited Communications. Distributing Referral Links through spam, unsolicited mass emails, unsolicited direct messages, or any communication channel or method that violates applicable law or the terms of service of any third-party platform is prohibited.
(f) Volume Manipulation. Engaging in wash trading, circular trading, self-trading, coordinated trading across related accounts, or any other strategy designed to artificially inflate trading volume, fees, or other metrics for the purpose of earning or increasing Rewards is strictly prohibited.
(g) Exploitation of Errors. Exploiting technical errors, software bugs, incorrect Reward calculations, oracle failures, or other system anomalies to earn Rewards that would not otherwise accrue is prohibited. Nika reserves the right to reverse and recover any Rewards earned through exploitation of any error.
(h) Circumvention. Any other conduct designed to manipulate, abuse, or exploit any aspect of the Program for personal gain in a manner inconsistent with the spirit of these Terms, including coordination with other Users to game Program mechanics, is prohibited.
Consequences. Nika reserves the right to determine, in its sole and absolute discretion, whether any conduct constitutes abuse, fraud, or a violation of these Terms. Upon making such a determination, Nika may, without prior notice and without incurring any liability: (i) disqualify the relevant User from any or all Programs immediately; (ii) withhold, reverse, cancel, or permanently forfeit any and all Rewards, including Rewards previously accumulated, vested, or credited; (iii) suspend or permanently terminate the User's Account; (iv) pursue all available legal and equitable remedies, including claims for disgorgement of improperly obtained Rewards; and (v) take any other action Nika in its sole discretion deems appropriate.
24.9 Reward Claims; Expiration; Forfeiture.
24.9.1 Manual Claim Requirement. Unless Nika expressly states otherwise in writing for a specific Program, all Rewards must be actively and manually claimed by the User through such mechanism, interface, or process as Nika may designate from time to time. Rewards will not be distributed automatically, and failure to claim within the applicable window shall result in forfeiture as set forth below.
24.9.2 Claim Window; Expiration. Any Reward that has not been claimed within 180 calendar days of the date it first becomes available for claim (or such other period as Nika may specify in the applicable Program Terms) shall be automatically and permanently forfeited. Nika is under no obligation to provide notice of impending expiration. Forfeited Rewards will not be reinstated, restored, or replaced under any circumstances. Nika reserves the right to shorten or lengthen the claim window for any Program, including for Rewards already available for claim, subject to reasonable notice where commercially practicable.
24.9.3 Withholding Pending Investigation. Nika reserves the right to withhold distribution of any Reward where it has reason to believe, in its sole and absolute discretion, that the Reward was earned through fraudulent, abusive, prohibited, or otherwise suspicious activity, pending any investigation Nika deems appropriate. Rewards withheld pending investigation remain subject to permanent forfeiture, and neither the pendency nor the duration of any investigation creates any obligation on Nika's part to ultimately distribute any withheld Reward.
24.9.4 Reversal and Clawback Rights. Nika reserves the right, at any time and in its sole and absolute discretion, to reverse, claw back, reduce, offset, or otherwise recover any Reward that has been claimed or distributed where Nika determines that: (i) the Reward was earned through violation of these Terms or any Program Terms; (ii) the Reward resulted from a technical error, miscalculation, oracle failure, or other system anomaly; (iii) the underlying activity that generated the Reward is subsequently reversed, voided, canceled, disputed, or determined to be invalid; (iv) the User's Account is suspended or terminated for any reason; or (v) any other circumstance arises that Nika determines in its sole discretion warrants recovery of distributed Rewards. To facilitate recovery, Users grant Nika the right to offset clawback amounts against any future Rewards, credits, or other amounts owed to the User.
24.9.5 Suspension of Claim Functionality. Nika may suspend the ability to claim Rewards at any time and for any duration, including in connection with maintenance, security incidents, regulatory requirements, smart contract upgrades, or at Nika's sole discretion, without liability to any User. Any applicable claim window shall be tolled during periods where Nika has suspended claim functionality, unless Nika determines otherwise.
24.10 Custody and Distribution Mechanics. Rewards may be held, tracked, distributed, or settled through any mechanism that Nika may determine from time to time, including without limitation:
(a) off-chain credit systems maintained by Nika or by third-party service providers engaged by Nika;
(b) custodial distribution by Nika directly to Users' connected wallet addresses or designated accounts;
(c) non-custodial on-chain distribution via smart contracts deployed on any supported blockchain;
(d) fee rebates or discounts applied directly against trading fees or other amounts owed by the User;
(e) internal credits applied to a User's Platform balance; or
(f) any combination of, or transition between, the foregoing.
Nika may change the custody model, distribution mechanism, settlement asset, settlement timing, or delivery method for any Reward type at any time without notice and without liability. Where Rewards are distributed via smart contracts, Nika does not guarantee the availability, functionality, security, or performance of such smart contracts, and makes no warranty that on-chain distribution will occur within any particular timeframe or without technical failure. Nika shall not be liable for any loss, delay, or failure arising from smart contract execution, on-chain congestion, fork events, protocol changes, wallet compatibility issues, or any other technical failure in the distribution process.
Nothing in this Section creates a custodial relationship between Nika and any User with respect to Rewards. Nika does not assume any fiduciary duty in connection with the Programs or the handling of Rewards.
24.11 Modification, Suspension, and Termination of Programs. Nika reserves the right to modify, supplement, pause, suspend, or terminate any Program, in whole or in part, at any time and for any reason, with or without notice and without incurring any liability to any User. Such modifications may include without limitation:
(a) changing or eliminating Reward types, denominations, rates, calculation methodologies, or payout schedules, including retroactively where Nika determines this is necessary;
(b) restructuring, adding, merging, or eliminating Program Tiers;
(c) changing eligibility criteria, including imposing new criteria on existing participants;
(d) changing or suspending the ability to earn or claim Rewards;
(e) terminating any or all Programs in their entirety; or
(f) combining, restructuring, or replacing any Program with a new or different program or initiative.
Upon termination of a Program, any unclaimed Rewards may be forfeited at Nika's sole and absolute discretion. Nika's decision to offer any Program or Reward at any time creates no obligation to continue offering such Program or Reward in the future. Continued use of the Platform following any modification to a Program constitutes acceptance of such modification.
24.12 No Partnership, Employment, or Agency Relationship. Participation in any Program, including as an Affiliate, does not create any partnership, joint venture, employment relationship, independent contractor relationship, franchise, or agency between any User and Nika. Program participants, including Affiliates, are entirely independent actors and have no authority, express or implied, to make representations, enter into agreements, incur obligations, or create any form of liability on behalf of Nika. Users may not represent themselves as agents, employees, representatives, or authorized spokespersons of Nika, and any such representation is unauthorized and void. Nika is not responsible for, and expressly disclaims, any representations made by Users or Affiliates about the Platform, Rewards, or any related matter.
24.13 Tax Obligations. Users are solely and exclusively responsible for determining and fulfilling all tax obligations arising from their participation in any Program and from their receipt, accrual, or deemed receipt of any Reward, including without limitation: income tax; capital gains tax; value-added tax or goods and services tax; withholding tax; excise duties; and any other applicable taxes, levies, or reporting obligations in any relevant jurisdiction. Nothing in these Terms constitutes tax advice, and Nika makes no representation as to the tax characterization, treatment, or reporting requirements applicable to any Reward in any jurisdiction.
Nika reserves the right, in its sole discretion and to the extent required or permitted by applicable law, to: (i) report Reward distributions or accruals to any relevant tax authority; (ii) withhold amounts from Rewards as required by applicable law; (iii) impose additional conditions on Reward distribution for tax compliance purposes; and (iv) request tax identification information or other documentation from Users as a precondition to Reward distribution. Users should consult independent, qualified tax advisors with respect to their specific circumstances.
24.14 Verification; KYC/AML Requirements. Nika reserves the right to require any User to complete identity verification, know-your-customer ("KYC"), anti-money laundering ("AML"), or other compliance screening procedures at any time as a condition of Program eligibility or Reward claim. Verification requirements may be imposed: (a) at the time of Program enrollment; (b) at such time as a User's cumulative Rewards, Affiliate Payouts, or other distributions exceed any threshold that Nika may determine in its sole discretion from time to time; (c) at any time for any User, at Nika's sole discretion, for any reason or no reason; or (d) as required by applicable law, regulatory guidance, or financial crime compliance policies.
Nika may decline to distribute any Reward to any User who: (i) fails to initiate or complete required verification within any specified timeframe; (ii) fails any aspect of KYC or AML screening; or (iii) is flagged in any sanctions screening, adverse media screening, or other compliance check. Failure to complete verification may result in permanent forfeiture of accumulated Rewards. Nika shall not be liable for any loss resulting from Nika's exercise of its rights under this Section.
24.15 Sanctions; Restricted Persons and Territories. Notwithstanding any other provision of this Section, the Programs are not available to, and no Rewards, Affiliate Payouts, XP credits, or other Program benefits shall be distributed to, any Restricted Person or any person accessing the Program from a Restricted Territory. Without limiting the foregoing, the Programs are not available to residents, nationals, or persons physically located in any of the following (the "Restricted Territories" for purposes of this Section, which list may be updated at any time without notice):
the United States of America (including all territories and possessions);
the Democratic People's Republic of Korea (North Korea);
the Islamic Republic of Iran;
the Republic of Cuba;
the Syrian Arab Republic;
the Republic of Belarus;
the Republic of Myanmar (Burma);
the Crimea, Donetsk, and Luhansk regions of Ukraine; and
any other jurisdiction designated by OFAC, the UN Security Council, the European Union, His Majesty's Treasury, or any other governmental authority as subject to comprehensive economic sanctions, as updated from time to time.
By participating in any Program, each User represents and warrants on an ongoing basis that they are not a Restricted Person, are not accessing the Program from a Restricted Territory, and are not acting on behalf of, or for the benefit of, any Restricted Person or entity in a Restricted Territory. Nika reserves the right, upon discovery or reasonable suspicion of a violation of this Section, to immediately terminate Program access, permanently forfeit all accumulated Rewards, and take any other action required by applicable law.
24.16 No Warranties; "As Is" Basis. THE PROGRAMS, INCLUDING ALL REWARDS, TRADING REWARDS, AFFILIATE PAYOUTS, AND XP, ARE OFFERED ON AN "AS IS" AND "AS AVAILABLE" BASIS WITHOUT WARRANTY OF ANY KIND, EXPRESS, IMPLIED, STATUTORY, OR OTHERWISE. NIKA EXPRESSLY DISCLAIMS ALL WARRANTIES WITH RESPECT TO THE PROGRAMS, INCLUDING WITHOUT LIMITATION: ANY WARRANTY AS TO THE VALUE, UTILITY, EXCHANGEABILITY, CONVERTIBILITY, CONTINUED AVAILABILITY, OR FITNESS FOR ANY PARTICULAR PURPOSE OF ANY REWARD OR XP CREDIT; ANY WARRANTY THAT THE PROGRAMS WILL OPERATE WITHOUT INTERRUPTION OR ERROR; ANY WARRANTY THAT REWARD CALCULATIONS WILL BE FREE FROM ERRORS OR OMISSIONS; AND ANY WARRANTY THAT ANY REWARD WILL BE DELIVERED WITHIN ANY PARTICULAR TIMEFRAME. PARTICIPATION IN THE PROGRAMS IS ENTIRELY AT EACH USER'S OWN RISK.
24.17 Limitation of Liability for Program Claims. TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, NIKA, ITS AFFILIATES, DIRECTORS, OFFICERS, EMPLOYEES, AGENTS, AND SERVICE PROVIDERS SHALL NOT BE LIABLE TO ANY USER FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, PUNITIVE, OR OTHER LOSS, DAMAGE, OR CLAIM ARISING OUT OF OR IN ANY WAY RELATED TO: (A) ANY FAILURE TO EARN, ACCRUE, RECEIVE, OR RETAIN ANY REWARD OR XP; (B) ANY MODIFICATION, SUSPENSION, OR TERMINATION OF ANY PROGRAM; (C) ANY FORFEITURE, EXPIRATION, WITHHOLDING, REVERSAL, OR CLAWBACK OF REWARDS OR XP; (D) ANY TECHNICAL FAILURE, DELAY, OR ERROR IN CONNECTION WITH REWARD DISTRIBUTION OR CLAIM FUNCTIONALITY; (E) ANY CHANGE IN THE VALUE, UTILITY, EXCHANGEABILITY, OR AVAILABILITY OF ANY REWARD; OR (F) ANY DECISION BY NIKA REGARDING PROGRAM ELIGIBILITY, TIER CLASSIFICATION, OR REWARD CALCULATION. IN NO EVENT SHALL NIKA'S AGGREGATE LIABILITY IN RESPECT OF ANY PROGRAM CLAIM EXCEED THE VALUE OF REWARDS ACTUALLY AND VERIFIABLY DELIVERED TO THE CLAIMING USER IN THE 30-DAY PERIOD IMMEDIATELY PRECEDING THE DATE ON WHICH THE CLAIM ARISES.
24.18 Relationship to Remainder of Terms; Dispute Resolution. This Section supplements, and does not replace or limit, any other applicable provision of these Terms. All general provisions of these Terms, including without limitation the prohibited activities provisions, the dispute resolution clause, the arbitration agreement, the class action waiver, the governing law clause, and the limitation of liability provisions, apply in full to Users' participation in the Programs and to any claim arising from or relating to any Program, Reward, Affiliate Payout, or XP credit. Any dispute, claim, or controversy arising from or relating to any Program shall be resolved exclusively in accordance with the dispute resolution and arbitration provisions set forth in these Terms.
If you have any questions about these Terms, please contact us at support@nika.finance.
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