📕Terms and Conditions
Last Updated: 25/11/2025
ACCEPTANCE OF TERMS
By accessing or using Based Bid (the "Platform"), you agree to be bound by these Terms and Conditions ("Terms"). If you do not agree to these Terms, do not use the Platform.
DESCRIPTION OF SERVICE
Based Bid is a decentralized platform that provides tools for users to create, launch, and manage cryptocurrency tokens and liquidity bootstrapping pools (LBPs). We operate as a tool provider only and exercise no control over the tokens, LBPs, or branded boards created by users.
FLASH TOKENS
3.1 Flash Tokens are a launch mechanism that allows tokens to deploy instantly with virtual liquidity on V3/V4 decentralized exchanges without upfront capital requirements.
3.2 Flash Tokens begin trading immediately on external DEXs and do not go through the bonding curve graduation process used by standard token launches.
3.3 The same fee structure outlined in Section 6.2 applies to Flash Tokens, including Based Bid's share of trading fees and any applicable Board fees.
3.4 Flash Token creators are solely responsible for all aspects of their token, including regulatory compliance, liquidity management, smart contract security, and any representations made to token purchasers.
3.5 Based Bid has no control over Flash Tokens once deployed to external DEXs and cannot reverse, modify, retrieve, or influence their trading or functionality.
TOOL PROVIDER STATUS
4.1 Based Bid functions solely as a tool provider. We do not control, manage, or have authority over any tokens, LBPs, or branded boards created using our tools.
4.2 Users retain complete ownership and control over all tokens and LBPs they create through the Platform.
4.3 We do not provide investment advice, financial guidance, or recommendations regarding any tokens created on the Platform.
USER ELIGIBILITY AND RESPONSIBILITIES
5.1 You must be at least 18 years of age to use the Platform.
5.2 You are solely responsible for:
Compliance with all applicable laws and regulations in your jurisdiction
Determining whether your token constitutes a security or requires regulatory approval
Obtaining any necessary licenses or registrations
Implementing geo-blocking or other restrictions as required by law
All tax obligations related to your use of the Platform
The accuracy of information provided for your tokens and LBPs
All content and materials associated with your tokens and branded boards
5.3 You represent and warrant that:
You have the legal capacity to enter into these Terms
Your use of the Platform complies with all applicable laws
You will not use the Platform for any illegal or fraudulent purposes
PLATFORM FEATURES AND FEES
6.1 The Platform offers three service tiers with different features and visibility levels. Detailed fee structures are available on our website and documentation.
6.2 Fee Structure:
Platform Fees:
Upfront launch fees ranging from $0 to $99 depending on service tier selected
Trading fees on transactions before token graduation to DEX
A percentage of liquidity upon graduation to DEX
A percentage of post-graduation DEX trading fees where applicable
Branded Board Fees:
$50 creation fee
Revenue sharing on tokens launched through Boards as detailed in our documentation
6.3 Current fee rates and detailed fee structures are published on our Gitbook here. Fee rates are subject to change with at least 7 days' prior notice. Changes will only apply to tokens launched after the effective date.
6.4 All fees are non-refundable once services are rendered or tokens are launched.
BRANDED BOARDS
7.1 Users may create branded boards where other projects can launch tokens under their brand.
7.2 Board owners have full discretion to control access to their Board. They may choose to:
Require approval before projects can launch on their Board
Allow any project to launch without approval
Set their own criteria for project acceptance
7.3 Board owners' control is limited to access only. Project owners remain solely responsible for their token's compliance with all applicable laws and regulations, regardless of the Board's approval process or policies.
7.4 Based Bid exercises no control or oversight over branded boards beyond our general content moderation policies outlined in Section 8.
CONTENT MODERATION
8.1 Based Bid operates as a decentralized platform and does not actively monitor or moderate user-created content.
8.2 We reserve the right to remove or cancel tokens and LBPs only in response to valid court orders or official requests from law enforcement agencies.
8.3 We have limited capacity to investigate user reports of fraudulent activity and make no guarantee that we will identify or prevent fraudulent activity on the Platform. Users are solely responsible for conducting their own due diligence.
8.4 Users are solely responsible for conducting their own due diligence before participating in any token or LBP.
INTELLECTUAL PROPERTY
9.1 Users are responsible for ensuring they have the right to use any names, logos, or other intellectual property in their tokens and branded boards.
9.2 We will only intervene in intellectual property disputes upon receipt of valid legal documentation (such as trademark or copyright registrations) and proper legal process.
9.3 Mere similarity between projects or tokens does not constitute grounds for removal without proper legal backing.
SMART CONTRACT RISKS AND IMMUTABILITY
10.1 All transactions conducted via smart contracts are irreversible and immutable. Once tokens are launched, funds are transferred, or trades are executed, Based Bid cannot reverse, modify, or retrieve them.
10.2 Users acknowledge the inherent risks in blockchain technology and smart contracts, including but not limited to:
Technical vulnerabilities or bugs in smart contract code
Network congestion or failures
Permanent loss of access to tokens or funds
Inability to recover funds sent to incorrect addresses
10.3 Smart contracts operate autonomously and Based Bid has no control over their execution once deployed.
PLATFORM AVAILABILITY AND TECHNICAL RISKS
11.1 Tokens created on Based Bid initially trade only through our Platform until they reach their designated graduation market cap, at which point they automatically graduate to decentralized exchanges like Raydium or PancakeSwap for continued trading.
11.2 Before graduation, smart contracts are accessible only through our website and services. Platform downtime will affect token accessibility for non-graduated tokens.
11.3 Once tokens graduate to external exchanges, Based Bid has no control over their continued trading or accessibility on those platforms.
11.4 We make no guarantees regarding Platform uptime, availability, or functionality, nor do we guarantee successful graduation or continued trading on external exchanges.
RISK DISCLOSURE
12.1 CRYPTOCURRENCY MARKETS ARE HIGHLY VOLATILE AND INVOLVE SUBSTANTIAL RISK OF LOSS. YOU MAY LOSE ALL FUNDS USED TO CREATE, LAUNCH, OR TRADE TOKENS ON THE PLATFORM.
12.2 Users acknowledge and accept the following risks:
Total loss of invested funds
Extreme price volatility
Liquidity risks and inability to sell tokens
Regulatory changes that may affect token value or legality
Technical failures or smart contract vulnerabilities
Fraudulent projects and scam tokens created by other users
12.3 Based Bid does not guarantee the success, value, or legitimacy of any tokens created using our tools.
DISCLAIMERS AND LIMITATION OF LIABILITY
13.1 THE PLATFORM IS PROVIDED "AS IS" WITHOUT WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED.
13.2 WE DISCLAIM ALL WARRANTIES INCLUDING BUT NOT LIMITED TO MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.
13.3 TO THE MAXIMUM EXTENT PERMITTED BY LAW, BASED BID SHALL NOT BE LIABLE FOR:
Any financial losses incurred through use of the Platform
The failure or success of any tokens created using our tools
Actions or omissions of other users
Technical failures, bugs, or smart contract vulnerabilities
Regulatory actions against users or their tokens
Loss of access to tokens due to Platform unavailability
Any indirect, incidental, special, or consequential damages
13.4 IN NO EVENT SHALL BASED BID HAVE ANY LIABILITY WHATSOEVER TO ANY USER OR THIRD PARTY, except in cases of our gross negligence or willful misconduct where such limitation is prohibited by law.
FORCE MAJEURE
Based Bid shall not be liable for any delays, failures, or interruptions of service resulting from acts of God, war, terrorism, pandemics, cyberattacks, hacking incidents, government actions, natural disasters, network failures, or other events beyond our reasonable control.
INDEMNIFICATION
You agree to indemnify, defend, and hold harmless Based Bid and its affiliates from any claims, damages, losses, or expenses arising from:
Your use of the Platform
Your tokens, LBPs, or branded boards
Your violation of these Terms
Your violation of any applicable laws or regulations
Infringement of third-party rights
NO PARTNERSHIP OR AGENCY
Use of the Platform does not create any partnership, joint venture, agency, or employment relationship between users and Based Bid. Users are independent parties using our tools at their own discretion and risk.
DATA COLLECTION AND PRIVACY
17.1 The following information may be collected or processed:
Automatically Collected:
Wallet addresses (processed temporarily for platform functionality)
Transaction hashes
Token metadata (name, symbol, description)
IP addresses (logged for security and operational purposes)
Device and browser information
Server access logs
17.2 This information is used for:
Platform functionality and security
Fraud prevention and investigation
Geoblocking and compliance assistance
Operational monitoring
17.3 Technical data may be shared with trusted third-party security firms and blockchain analytics providers when necessary for security investigations or fraud prevention. Based Bid does not sell your data.
17.4 No KYC or identity verification is required to use the Platform.
17.5 Data Retention: We retain operational and security logs for 90 days. Blockchain transaction data is permanently and immutably recorded on-chain and cannot be deleted by Based Bid or any party.
GEOGRAPHIC RESTRICTIONS
18.1 The Platform is available globally, but users are responsible for compliance with their local laws.
18.2 Users may implement geo-blocking features to restrict access from certain jurisdictions.
18.3 We reserve the right to restrict access from any jurisdiction where our services may be prohibited.
MODIFICATIONS TO TERMS
We reserve the right to modify these Terms at any time. Changes will be effective upon posting to the Platform. Continued use constitutes acceptance of modified Terms.
TERMINATION AND SURVIVABILITY
20.1 We may suspend or terminate access to the Platform at any time without notice.
20.2 Upon termination, the following sections shall survive: Disclaimers and Limitation of Liability, Indemnification, Intellectual Property, Smart Contract Risks and Immutability, Risk Disclosure, No Partnership or Agency, Dispute Resolution, and General Provisions.
20.3 No refunds will be provided upon termination.
DISPUTE RESOLUTION
21.1 Users are encouraged to resolve disputes among themselves.
21.2 We do not mediate disputes between users unless required by valid legal process.
21.3 Any disputes with Based Bid shall be resolved through binding arbitration in accordance with international arbitration rules. The seat of arbitration shall be mutually agreed between the parties or, failing agreement, shall be in a neutral jurisdiction. The arbitration shall be conducted in English.
21.4 BY AGREEING TO THESE TERMS, YOU WAIVE YOUR RIGHT TO GO TO COURT and agree that all disputes will be resolved through arbitration.
GENERAL PROVISIONS
22.1 These Terms constitute the entire agreement between you and Based Bid.
22.2 If any provision is found unenforceable, the remainder shall remain in effect.
22.3 These Terms shall be interpreted in accordance with general principles of contract law.
22.4 We may assign these Terms without notice. You may not assign your rights or obligations.
22.5 These Terms shall be governed by and construed in accordance with the laws of the Cayman Islands, without regard to its conflict of law provisions.
PLATFORM SHUTDOWN
23.1 In the event Based Bid ceases operations:
Non-graduated tokens will NOT be tradeable as they are only accessible through the Based Bid platform interface
Tokens that have graduated to DEX will continue trading independently on those platforms
Smart contracts remain on the blockchain but require Based Bid's interface to interact with non-graduated tokens
We will provide reasonable notice where possible, but cannot guarantee continued platform availability
23.2 No refunds will be provided for fees already collected or services already rendered.
CONTACT INFORMATION
For questions regarding these Terms, contact us at: https://t.me/BasedBotOwner
BY USING BASED BID, YOU ACKNOWLEDGE THAT YOU HAVE READ, UNDERSTOOD, AND AGREE TO BE BOUND BY THESE TERMS AND CONDITIONS.
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