Legal Document

Terms of Service

Binding terms governing use of QuantumDEX — the karma-powered decentralised exchange on ThiChain L1.

Version 1.0Effective April 2026Governing Law Denmark

1. Acceptance of Terms

By accessing or using QuantumDEX (the "Protocol"), the QuantumDEX interface at app.quantumdex.io, or any associated developer tools, you agree to be bound by these Terms of Service ("Terms"). If you do not agree, you may not use the Protocol.

Non-Custodial Notice: QuantumDEX smart contracts are deployed on ThiChain L1, a public permissionless blockchain. Qubismic ApS does not custody your assets. You interact with immutable smart contracts directly from your own wallet.

2. Eligibility

You may use the Protocol only if:

  • You are at least 18 years old (or the age of majority in your jurisdiction, whichever is higher).
  • You are not a resident of or subject to sanctions from a jurisdiction that prohibits use of decentralised finance protocols.
  • You are not a US person as defined under US securities law unless permitted by applicable exemption.
  • You are not subject to any sanctions administered by the UN Security Council, EU, OFAC, or equivalent authority.

3. Protocol Use & Self-Custody

3.1 Non-Custodial

Qubismic ApS deploys and maintains the QuantumDEX smart contracts but does not hold your private keys, control your wallet, or have the ability to reverse transactions. You are solely responsible for securing your wallet credentials.

3.2 Karma-Adjusted Fees

Trading fees on QuantumDEX are dynamically adjusted by your on-chain Karma Score. Fee tiers (Base 30 BPS, Practitioner 15 BPS, Guardian 0 BPS) are determined automatically by the QubismicArbitrage_V4.sol contracts and the Dharmic Validator precompile. Qubismic does not manually adjust karma scores.

3.3 No Investment Advice

Nothing on this interface constitutes financial, investment, legal, or tax advice. You are responsible for your own trading decisions.

4. Risk Disclosure

High Risk Warning: DeFi protocols involve substantial risk of loss. You may lose all of your deposited assets. Past performance of liquidity pools or perpetual positions does not predict future results.
  • Smart Contract Risk: Despite internal audits and 1,827+ passing tests, smart contracts may contain undiscovered vulnerabilities.
  • Liquidity Risk: Thin liquidity may result in significant slippage.
  • Oracle Risk: TWAP oracle prices may deviate from spot prices during extreme market conditions.
  • Bridge Risk: Cross-chain bridges carry additional counterparty and cryptographic risk. ML-DSA-65 signatures provide quantum-safe security but do not eliminate all bridge risk.
  • Regulatory Risk: DeFi regulation (MiCA, etc.) is evolving. Future regulatory changes may affect your ability to use this Protocol.

5. Dharmic Principles

QuantumDEX operates under the 5 Yamas ethical framework embedded at the ThiChain protocol layer:

PrincipleProtocol Manifestation
Ahimsa (Non-harm)MAX_LIQUIDATION_BPS=5000 cap protects counterparties from total liquidation
Satya (Truth)TWAP oracle prevents mark price manipulation; all data is publicly verifiable
Asteya (Non-stealing)Reentrancy guards on all entry points; no MEV extraction by protocol
Brahmacharya (Energy efficiency)MAX_WEEKS_PER_CHECKPOINT=50 prevents unbounded computation
Aparigraha (Non-attachment)Governor timelock prevents rushed governance; human override always available

6. Prohibited Conduct

You agree not to:

  • Use the Protocol for money laundering, sanctions evasion, or any unlawful purpose.
  • Attempt to exploit vulnerabilities in the smart contracts. Report them via our Bug Bounty programme instead.
  • Engage in market manipulation, wash trading, or other practices designed to artificially distort prices.
  • Interfere with or disrupt the ThiChain network or any connected infrastructure.
  • Use the interface via automated means that violate our API rate limits.

7. Intellectual Property & Open Source

QuantumDEX smart contracts are released under the MIT License. The interface, brand assets, and documentation are owned by Qubismic ApS. Derivative protocols built on the contracts must retain attribution to Qubismic ApS and may not use the QUBISMIC or QuantumDEX brand without written permission.

8. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW, QUBISMIC APS SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES ARISING FROM YOUR USE OF THE PROTOCOL, INCLUDING BUT NOT LIMITED TO LOSS OF DIGITAL ASSETS, LOSS OF DATA, OR LOSS OF PROFITS, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

Our aggregate liability for any claim shall not exceed the greater of (a) fees paid by you to Qubismic in the 12 months preceding the claim, or (b) €100 EUR.

9. Governing Law & Disputes

These Terms are governed by the laws of Denmark. Any dispute shall be submitted to the exclusive jurisdiction of the Danish courts. You waive any objection to venue in Copenhagen, Denmark.

Notwithstanding the above, nothing in these Terms limits your rights as a consumer under mandatory Danish or EU consumer protection law.