Terms of Service

These Terms of Service (“Terms”) govern your use of the Murmo mobile application, website, and related services (collectively, the “Services”) provided by Alpha Trading Laboratories (“Alpha Labs,” “we,” “us,” or “our”). By accessing or using the Services, you agree to be bound by these Terms and our Privacy Policy. If you do not agree, do not use the Services.

1. Eligibility

You must be at least 18 years old (or the age of majority in your jurisdiction) to use the Services. By using Murmo, you represent and warrant that you have the legal capacity to enter into a binding agreement and that you are not prohibited from using the Services under any applicable law. You may not access the Services if you are located in, or a citizen or resident of, any jurisdiction subject to comprehensive sanctions by the United States, United Nations, European Union, or United Kingdom.

2. Self-Custodial Nature of the Services

Murmo is a self-custodial platform. You are solely responsible for the security of your private keys, seed phrases, and wallet credentials. We do not hold, control, manage, or have access to your private keys or digital assets at any time. We cannot recover lost keys, reverse transactions, or restore access to your wallet. If you lose your private keys or seed phrases, your digital assets may be permanently lost.

We are not a bank, exchange, broker, dealer, financial advisor, investment advisor, custodian, or fiduciary. We do not facilitate the transfer, delivery, or holding of any digital assets on your behalf.

3. Description of Services

Murmo is a social trading platform that allows users to:

• Create and join trading groups with built-in chat functionality.
• Propose trades and share investment theses with group members.
• Create and participate in prediction markets.
• Track portfolio performance with verified leaderboards and P&L metrics.
• Execute trades across multiple asset classes through third-party decentralized exchanges and protocols.

We reserve the right to modify, suspend, or discontinue the Services (or any part thereof) at any time, with or without notice. We will not be liable to you or any third party for any modification, suspension, or discontinuation.

4. Account Registration

To use certain features, you must create an account. You agree to provide accurate, current, and complete information and to keep it updated. You are responsible for all activity that occurs under your account and for maintaining the confidentiality of your login credentials. You must notify us immediately of any unauthorized use of your account.

We may suspend or terminate your account at any time for any reason, including violation of these Terms, without prior notice or liability.

5. User Content

You retain ownership of content you create through the Services, including trade proposals, chat messages, predictions, and profile information (“User Content”). By posting User Content, you grant Alpha Labs a worldwide, non-exclusive, royalty-free license to use, display, reproduce, and distribute your User Content in connection with operating and improving the Services.

You represent and warrant that your User Content does not violate any third-party rights and complies with these Terms and all applicable laws.

6. Prohibited Conduct

You agree not to:

• Use the Services for any unlawful purpose, including money laundering, terrorist financing, tax evasion, or fraud.
• Manipulate markets, engage in wash trading, or artificially inflate performance metrics.
• Impersonate any person or entity, or misrepresent your affiliation.
• Post false, misleading, or deceptive trade proposals or predictions.
• Harass, abuse, threaten, or intimidate other users.
• Attempt to gain unauthorized access to the Services, other accounts, or systems.
• Reverse engineer, decompile, disassemble, or otherwise attempt to derive the source code of the Services.
• Use bots, scrapers, or automated tools to access the Services without our written consent.
• Circumvent any content-filtering, rate-limiting, or security measures.
• Use the Services from any jurisdiction where such use would be illegal or prohibited.

7. Fees & Transactions

Certain transactions executed through the Services may incur fees, including but not limited to execution spreads, network (gas) fees, and platform fees. Applicable fees will be displayed before you confirm a transaction. You are solely responsible for ensuring you have sufficient funds to cover all fees associated with a transaction.

We are not responsible for failed transactions due to insufficient funds, network congestion, smart contract failures, or other factors outside our control. All blockchain transactions are final and irreversible.

8. PnL Cards & Share-to-Earn Program

From time to time, Alpha may offer a promotional program (the “Shares Program,” “Program,” or “PnL Cards”) under which eligible users (“Creators”) can receive discretionary rewards for sharing auto-generated cards depicting their trade activity on third-party social platforms. The Program is a gratuitous, promotional reward scheme. It is not a contract for services, an employment relationship, a partnership, an investment, or a securities offering. Participation in the Program is entirely voluntary and governed by these Terms in addition to any Program-specific rules we publish in-app or on our website.

8.1 Discretionary & Modifiable

Alpha may modify, suspend, pause, limit, or terminate the Program, in whole or in part, at any time and for any reason, with or without notice, in its sole and absolute discretion. This includes, without limitation, changes to reward rates, payout caps, tier rules, eligibility criteria, anti-fraud thresholds, supported platforms, verification procedures, and the size or refill cadence of the monthly bounty pool. No Creator acquires any vested right to any reward, and any accrued, pending, or unpaid rewards may be reduced, withheld, or forfeited if the Program is modified or terminated. Alpha is the sole arbiter of all Program rules and their interpretation.

8.2 Eligibility

To participate in the Program, you must, at all times:

• Be at least 18 years old (or the age of majority in your jurisdiction);
• Maintain an active Alpha account in good standing;
• Not reside in, or be accessing the Services from, a jurisdiction where the Program is restricted or prohibited (as determined by Alpha in its sole discretion);
• Have completed any identity verification, tax documentation (e.g. W-9 for U.S. Creators), and wallet setup steps Alpha requires for payout;
• Comply with the terms of every third-party platform on which you post Program content, including disclosure obligations (e.g. #alphapartner or equivalent FTC-compliant tagging).

Alpha may deny or revoke eligibility at any time, including retroactively, if it determines in its sole discretion that you have failed, or are likely to fail, any of the above conditions.

8.3 Payments Subject to Risk & Fraud Review

All Program payouts are contingent on Alpha’s risk review and anti-fraud screening. Rewards accrue to a “pending” balance only; no payout is earned, owed, vested, or payable until Alpha affirmatively releases it. Alpha may hold any payout in pending status for up to ninety (90) days (or longer where legally required) while it performs, in its sole discretion and at any level of rigor it chooses:

• Automated and/or manual review of the Creator’s submission, post URL, engagement patterns, traffic sources, device fingerprints, and referral chain;
• Image-hash matching of the shared card against the Creator’s live public post;
• Identity, sanctions, and PEP screening of the Creator and any beneficial owner of the payout wallet;
• Blockchain analytics on the receiving wallet, including source-of-funds and counterparty risk checks;
• Consultation with third-party fraud-detection providers, analytics vendors, and/or law-enforcement authorities.

If, at any point before or after release, Alpha determines (in its sole discretion) that any portion of a payout was earned, inflated, or made possible by fraudulent, artificial, automated, manipulated, incentivized, or otherwise non-authentic engagement, Alpha may: (a) deny the payout in whole or in part, (b) reverse and claw back any portion previously released, (c) debit subsequent rewards, and (d) pursue all other remedies available at law or in equity. Alpha’s determination is final.

8.4 Anti-Fraud & Prohibited Conduct

In connection with the Program, you agree that you will not, and will not permit, solicit, fund, or benefit from any third party who does:

• Use or procure bots, botnets, click-farms, view-farms, paid engagement services, incentivized traffic, SDK-based engagement fraud, or any automated or artificial means of generating views, signups, likes, comments, shares, or other tracked metrics;
• Use multiple accounts, alternate identities, VPNs, proxies, emulators, device spoofing, or any technique intended to disguise the true source of engagement, the Creator’s identity, or the number of distinct users;
• Fund, or direct funds to, any signup wallet from a wallet controlled by the Creator or any coordinated party, or otherwise self-refer;
• Falsify, alter, fabricate, or misrepresent any screenshot, view count, post URL, or other evidence submitted to Alpha;
• Bribe, collude with, or otherwise compensate other users or third parties to generate engagement metrics;
• Post Program cards on platforms where such posts would violate the platform’s terms of service, spam or harassment policies, or applicable law;
• Engage in wash trading, round-tripping, or other manipulation of the underlying trade in order to generate a more favorable card;
• Attempt to reverse engineer, probe, or exploit Alpha’s attribution, fraud-detection, or payout systems.

Any single violation, attempted violation, or pattern consistent with violation of the above is grounds, at Alpha’s sole discretion, for immediate forfeiture of all pending and released Program rewards (including clawback of amounts already paid), permanent ban from the Program, suspension or termination of your Alpha account, reporting to law-enforcement or tax authorities, and civil recovery of any amounts improperly obtained, plus reasonable attorneys’ fees and costs of investigation.

The burden is on the Creator to demonstrate, to Alpha’s satisfaction, that engagement is authentic. Absence of direct proof of fraud does not entitle a Creator to payout; Alpha may withhold or deny payouts based on circumstantial indicia alone.

8.5 Hard Limits

Alpha publishes limits on card frequency, per-creator earnings, earning windows, and similar parameters in-app or on its website. These limits are part of the Program rules and may be changed at any time pursuant to §8.1. Amounts accrued above any applicable cap are not payable.

8.6 Taxes

Program rewards constitute taxable income in most jurisdictions. You are solely responsible for reporting and paying any and all taxes on Program rewards. For U.S. Creators whose annual Program earnings meet applicable reporting thresholds, Alpha will collect a completed Form W-9 and issue a Form 1099-NEC (or successor form). Creators outside the United States are responsible for their own local tax treatment. Alpha may withhold, delay, or refuse payout until all required tax documentation has been collected.

8.7 Platform Compliance & Third-Party Risk

Creators are solely responsible for ensuring that any post of a Program card on a third-party platform (including but not limited to TikTok, Instagram, X, YouTube, Threads, Facebook, LinkedIn, Snapchat, Farcaster, and any similar service) complies with the target platform’s terms of service, community guidelines, and any applicable law (including the FTC Endorsement Guides in the United States). Alpha is not responsible for any account suspension, shadowban, demonetization, content removal, or other penalty imposed by a third-party platform.

8.8 Data Collection for the Program

By participating in the Program, you consent to Alpha collecting, processing, and retaining data necessary to operate and secure the Program, including (without limitation) the URLs you submit, submitted screenshots and their image hashes, view and engagement counts, IP addresses, device fingerprints, wallet addresses, attribution cookies and referral codes, signup metadata of attributed users, and any information returned by third-party fraud-detection or analytics providers. Alpha may retain this data for as long as necessary to administer the Program, comply with legal obligations, enforce its rights, and investigate suspected fraud, subject to our Privacy Policy.

8.9 No Securities, No Consideration, No Partnership

Program rewards are not securities, investment contracts, franchise fees, commissions, revenue shares, royalties, wages, or consideration of any kind for a contract. They are gratuitous promotional incentives. Nothing in the Program creates a partnership, joint venture, agency, employment, franchise, or fiduciary relationship between Alpha and any Creator. Creators are independent parties sharing content voluntarily and at their own risk.

8.10 Creator Release & Program Indemnification

To the maximum extent permitted by law, you fully, finally, and irrevocably release Alpha and its officers, directors, employees, agents, and affiliates from any and all claims, demands, damages, actions, or causes of action, known or unknown, arising out of or relating to: (i) any modification, suspension, limitation, or termination of the Program; (ii) Alpha’s determination to deny, withhold, reduce, delay, or claw back any Program payout; (iii) any fraud review, risk screening, or investigation conducted in connection with the Program; (iv) any decision by a third-party platform regarding content you posted under the Program; and (v) any tax liability arising from Program rewards.

In addition to the indemnification obligations in §15, you agree to indemnify, defend, and hold harmless Alpha and its officers, directors, employees, agents, and affiliates from any third-party claims, liabilities, damages, losses, regulatory inquiries, penalties, and expenses (including reasonable attorneys’ fees) arising out of or related to: (a) your participation in the Program; (b) any content you post or cause to be posted under the Program; (c) your violation of any third-party platform’s terms, FTC disclosure rules, or any other applicable law; (d) any fraud, manipulation, or misrepresentation by you or any party acting in concert with you; and (e) any claim by an attributed user or viewer that your content was misleading, deceptive, or induced a loss.

8.11 No Guarantee; Program Risk

Alpha makes no representation or warranty that any card will generate views, signups, or any reward whatsoever. Creators may receive no payout, a reduced payout, or a payout delayed indefinitely pending review. The existence of the Program in the past does not create any expectation that the Program will continue in the future.

9. Third-Party Services

The Services may integrate with or provide links to third-party services, including decentralized exchanges, protocols, dApps, and data providers. We do not control, endorse, or assume responsibility for any third-party services. Your use of third-party services is at your sole risk and subject to their respective terms and privacy policies.

10. Risks

By using the Services, you acknowledge and accept the following risks:

• Market Risk: Digital asset markets are highly volatile. Prices can fluctuate significantly in short periods. You may lose some or all of your investment.
• Technology Risk: Blockchain networks are under continuous development and may experience outages, bugs, forks, or security vulnerabilities.
• Smart Contract Risk: Transactions may interact with smart contracts that contain bugs or vulnerabilities. You are solely responsible for evaluating any code you interact with.
• Regulatory Risk: The regulatory environment for digital assets is evolving. Changes in laws or regulations may adversely affect the Services or your use of them.
• Irreversibility: Blockchain transactions are generally irreversible. Errors in transaction details (wrong address, wrong amount) cannot be corrected by us.
• Self-Custody Risk: You bear sole responsibility for any loss of your digital assets due to failure to maintain the security of your private keys or seed phrases.

11. No Financial Advice

We do not provide financial, investment, tax, or legal advice. Trade proposals, predictions, leaderboard rankings, AI-generated market summaries, and any other information provided through the Services are for informational purposes only and do not constitute a recommendation to buy, sell, or hold any asset. You should consult a qualified professional before making any financial decisions. Past performance displayed on the platform does not guarantee future results.

12. Intellectual Property

The Services, including all software, designs, text, graphics, logos, icons, and other content (excluding User Content), are the property of Alpha Labs and are protected by intellectual property laws. You are granted a limited, non-exclusive, non-transferable, revocable license to use the Services for personal, non-commercial purposes in accordance with these Terms.

You may not copy, modify, distribute, sell, lease, or create derivative works based on the Services without our prior written consent.

13. Disclaimer of Warranties

THE SERVICES ARE PROVIDED “AS IS” AND “AS AVAILABLE” WITHOUT WARRANTIES OF ANY KIND, WHETHER EXPRESS, IMPLIED, OR STATUTORY, INCLUDING BUT NOT LIMITED TO WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, AND NON-INFRINGEMENT. WE DO NOT WARRANT THAT THE SERVICES WILL BE UNINTERRUPTED, ERROR-FREE, SECURE, OR FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS.

14. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW, ALPHA LABS AND ITS OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, AND AFFILIATES SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING BUT NOT LIMITED TO LOSS OF PROFITS, DATA, DIGITAL ASSETS, GOODWILL, OR OTHER INTANGIBLE LOSSES, ARISING OUT OF OR RELATED TO YOUR USE OF OR INABILITY TO USE THE SERVICES.

IN NO EVENT SHALL ALPHA LABS’ TOTAL AGGREGATE LIABILITY TO YOU EXCEED ONE HUNDRED U.S. DOLLARS (USD $100.00).

15. Indemnification

You agree to indemnify, defend, and hold harmless Alpha Labs and its officers, directors, employees, agents, and affiliates from and against any claims, liabilities, damages, losses, and expenses (including reasonable attorneys’ fees) arising out of or related to your use of the Services, your User Content, your violation of these Terms, or your violation of any rights of a third party.

16. Dispute Resolution

These Terms are governed by the laws of the State of Delaware, United States, without regard to conflict of law principles. Any dispute arising out of or relating to these Terms or the Services shall be resolved through binding individual arbitration, not in court, except that either party may seek injunctive or equitable relief in court for intellectual property matters.

You waive your right to participate in class actions, class arbitrations, or representative proceedings. If this waiver is found unenforceable, the entirety of this arbitration provision shall be void.

You may opt out of arbitration by sending written notice to support@murmo.xyz within 30 days of first accepting these Terms.

17. Changes to These Terms

We may update these Terms from time to time. We will notify you of material changes by posting the updated Terms on our website and within the app. Your continued use of the Services after changes take effect constitutes your acceptance of the revised Terms. If you do not agree with the changes, you must stop using the Services.

18. General

• These Terms constitute the entire agreement between you and Alpha Labs regarding the Services.
• If any provision is found unenforceable, the remaining provisions remain in full force and effect.
• Our failure to enforce any provision does not constitute a waiver of that provision.
• You may not assign your rights or obligations under these Terms without our prior written consent. Alpha Labs may freely assign these Terms.
• Sections relating to intellectual property, disclaimers, limitation of liability, indemnification, and dispute resolution survive termination of these Terms.

19. Contact Us

If you have questions about these Terms, please contact us at support@murmo.xyz.