> For the complete documentation index, see [llms.txt](https://docs.alkatrade.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.alkatrade.xyz/communication/terms-of-services.md). # Terms of Services Welcome to Alka Trade – a Telegram Bot protocol supporting the trading of Alkanes standard tokens directly on Bitcoin Layer 1. By creating a wallet or performing any interaction with the system, you implicitly agree to and are bound by the concise terms outlined below. #### 1. NATURE OF SERVICE & BLOCKCHAIN RISK DISCLAIMER * Technical Support Tool: Alka Trade operates purely as a terminal interface fully controlled by you to structure and broadcast orders to the blockchain. We do not act as a broker, a centralized exchange, or an investment advisory organization. * Not Financial Advice: All parameters regarding pricing, estimated routing, or previews displayed on the system are for estimation and reference purposes only, and absolutely do not constitute financial, legal, or tax advice. * Volatility Statement: The Alkanes token and Bitcoin L1 markets experience extreme price volatility. Due to the nascent nature of the ecosystem, pool liquidity can be very thin, and transactions are subject to the risk of reverting. You make your own trading decisions and bear sole responsibility for any potential asset losses. #### 2. WALLET MANAGEMENT & PRIVATE KEY SECURITY * Custodial by Default: To deliver an optimized and lightning-fast "1-click" trading experience for users, Alka Trade's system will retain a securely encrypted copy of your recovery phrase to perform automatic transaction signing. * Asset Self-Sovereignty: You retain absolute ownership over your assets. You may choose to reveal your recovery phrase at any time to transition your balance into a state of full self-custody via external wallets. * Critical Security Responsibility: Alka Trade strictly never stores security keys in plaintext and HAS NO CAPABILITY to recover, reset, or retrieve your recovery phrase for you. You bear exclusive responsibility for backing up your keys securely and safeguarding your personal Telegram account. Any third party who gains access to your recovery phrase will have the power to seize all your funds. #### 3. DECENTRALIZATION (NON-KYC) & ELIGIBILITY * Decentralized Access (Non-KYC): Alka Trade strictly adheres to the ethos of decentralization and does not implement any Know Your Customer (KYC) identity verification processes for users. You participate in trading entirely at your own risk and responsibility. * Local Legality: You are solely responsible for verifying and ensuring that using Alka Trade and trading digital assets are entirely lawful and not prohibited in the country or jurisdiction where you reside. #### 4. SERVICE FEES & THE FINALITY OF ON-CHAIN TRANSACTIONS * Fee Mechanism: Every successful swap transaction executed through the platform is subject to a service fee (Platform Fee) of up to 1%. * Network Fees: In addition to the platform fee, you must pay the standard Bitcoin network fee (Sat/vB) to miners to validate the transaction. Both fees are meticulously calculated and clearly presented by the system before you confirm your order. * On-Chain Process: Alka Trade is responsible for constructing scripts and broadcasting your transactions to the network, but we do not control the Bitcoin network, the Alkanes protocol, liquidity pools, or third-party bridges. Once a transaction is confirmed on-chain, it is final and cannot be reversed or undone. #### 5. SERVICE AVAILABILITY & LIMITATION OF LIABILITY * Provided "As Is": Alka Trade is provided on an "as is" and "as available" basis. To keep pace with the rapid changes in the ecosystem, we reserve the right to upgrade, pause, or remove any feature without prior notice. * Limitation of Compensation: To the maximum extent permitted by applicable law, Alka Trade and its operations team disclaim all liability for any damages arising from market fluctuations, blockchain network congestion, user disclosure/loss of the recovery phrase, or technical errors from third-party services outside our control. * Terms Updates: We may adjust the content of this document as the project scales. Your continued use of Alka Trade after an update signifies your full acceptance of the latest version. #### 6. OFFICIAL CHANNELS OF COMMUNICATION If you have any questions or require technical support regarding these terms, you can connect directly with the administration team through the official communication channels attached to the project's information section on X (Twitter) and the Telegram Channel. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://docs.alkatrade.xyz/communication/terms-of-services.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.