1. Agreement to these terms
These Terms of Use (“Terms”) constitute a legally binding agreement between you (“you”, “user”, “trader”) and Hypernova Systems (“Hypernova”, “we”, “us”, “our”), a company registered at 71 Fort Street, George Town, Grand Cayman, KY1-111, Cayman Islands. By accessing or using the Hypernova platform (“Platform”), purchasing an assessment, or trading a funded account, you confirm that you have read, understood, and agree to be bound by these Terms in full, together with our Rulebook and Privacy Policy, each incorporated herein by reference. If you do not agree to these Terms, you must not access or use the Platform.2. Eligibility
To access and use the Platform, you must:- Be at least 18 years of age.
- Have full legal capacity to enter into binding contracts in your jurisdiction.
- Not be located in, or ordinarily resident in, an OFAC-sanctioned jurisdiction (see Section 14).
- Not be subject to any sanctions, export controls, or legal restrictions that would prohibit you from using the Platform.
3. Nature of the platform
3.1 Performance-based payout programme
Hypernova operates a performance-based payout programme. The Platform allows users to participate in trading assessments and, upon passing, to access a funded account through which they can earn performance-based payouts. The funded account is a performance-tracking mechanism that determines your eligibility for profit-based payouts. It is not a brokerage account, investment account, custodial arrangement, or financial instrument of any kind.3.2 No ownership of capital or positions
You do not own, and have no proprietary or beneficial interest in, any trading account, position, or capital on Hypernova’s books. All capital is owned exclusively by Hypernova. You are entitled only to performance-based payouts calculated in accordance with your profit split, as set out in the Rulebook.3.3 Not financial advice
Nothing on the Platform constitutes investment advice, financial advice, trading advice, or any recommendation to buy, sell, or hold any financial instrument. You are solely responsible for your trading decisions. Hypernova is not a licensed financial adviser, broker, or investment manager.3.4 On-chain settlement
Payouts to funded traders are processed via smart contract on-chain and settled in USDC. By using the Platform, you acknowledge and accept the technical risks associated with on-chain settlement, including smart contract risk, blockchain network delays, and the irreversibility of on-chain transactions.4. Account registration
To access the Platform’s core features, you must create an account by providing a valid email address and connecting a compatible blockchain wallet. You are responsible for:- Providing accurate and up-to-date information at registration.
- Maintaining the security and confidentiality of your account credentials and wallet access.
- All activity that occurs under your account.
5. Assessments and fees
5.1 Assessment purchase
Access to the Platform’s assessment programme requires payment of a one-time assessment fee in USDC. Assessment fees are determined by the account size and risk tier selected at the time of purchase, as set out in the Rulebook.5.2 Non-refundable fees
All assessment fees are non-refundable once the assessment account has been activated, regardless of whether you pass, fail, or breach the assessment. By purchasing an assessment, you acknowledge and accept this no-refund policy.5.3 Fee changes
Hypernova reserves the right to change assessment fee pricing at any time. Changes to fees will not affect assessments that have already been purchased and activated.6. Funded accounts and payouts
6.1 Funded account activation
Upon passing the assessment in accordance with the Rulebook, you will receive a funded account. Funded account activation is automatic and subject to your continued compliance with these Terms and the Rulebook.6.2 Profit split
Funded traders are entitled to a profit split of 80% of net profits generated on their funded account, as calculated in accordance with the Rulebook. Hypernova retains 20%. Profit split percentages may be modified by way of a talent scaling programme, details of which will be published in the Rulebook when available.6.3 Payout requests
Funded traders may request payouts at any time, subject to being in profit on their funded account. Payouts are processed via smart contract and settled in USDC on-chain. Hypernova does not guarantee any minimum payout amount or frequency. Payouts are not available on assessment accounts or breached accounts.6.4 No payout on breach
If a funded account is breached in accordance with the Rulebook, no payout will be made from that account. A breach results in permanent account closure. You may request a review by contacting legal@hypernova.xyz within 7 days of the breach notification, though Hypernova’s determination following any such review shall be final. You may purchase a new assessment at any time.7. Trading rules and Rulebook
Your use of a funded account is governed by the Rulebook, which is incorporated into these Terms by reference. The Rulebook sets out the risk parameters, prohibited conduct, and equity limits applicable to your account. You are responsible for reading and understanding the Rulebook in full before placing any trades. Hypernova enforces Rulebook compliance automatically through the platform’s risk engine. Breach of the Rulebook results in immediate and permanent account termination. The Rulebook is versioned. Hypernova may update the Rulebook from time to time. Updates will be published at hypernova.xyz/docs/rulebook and communicated with reasonable notice. Rules will not be applied retroactively to existing funded accounts.8. Prohibited conduct
In addition to the prohibited conduct set out in the Rulebook, you must not:- Access or use the Platform for any unlawful purpose or in violation of any applicable law or regulation.
- Use automated tools, bots, or scripts to access, scrape, or interact with the Platform in any manner not expressly permitted.
- Attempt to reverse engineer, decompile, disassemble, or otherwise derive the source code of the Platform or any component thereof.
- Interfere with or disrupt the integrity, performance, or security of the Platform or its underlying infrastructure.
- Create multiple accounts for the purpose of circumventing eligibility restrictions or account limits.
- Provide false or misleading information at registration or at any point during your use of the Platform.
- Engage in any conduct that Hypernova reasonably determines to be harmful to other users, the Platform, or Hypernova’s business.
9. Intellectual property
All content, software, technology, trademarks, logos, and materials on the Platform are the exclusive property of Hypernova Systems or its licensors. Nothing in these Terms grants you any right, title, or interest in or to Hypernova’s intellectual property. You are granted a limited, non-exclusive, non-transferable, revocable licence to access and use the Platform for personal, non-commercial purposes in accordance with these Terms. This licence does not permit you to copy, reproduce, distribute, or create derivative works of any Platform content without our prior written consent.10. Disclaimers
10.1 No guarantee of profit
The Platform does not guarantee any profit, return, or financial outcome. Trading involves significant risk. Most assessment participants do not pass. Past performance of any trading strategy is not indicative of future results.10.2 Platform availability
We do not warrant that the Platform will be available at all times, free from errors, or uninterrupted. We reserve the right to suspend, modify, or discontinue the Platform or any feature thereof at any time, with or without notice. We will not be liable for any loss arising from unavailability of the Platform.10.3 Third-party infrastructure
The Platform relies on third-party infrastructure, including the Hyperliquid protocol and on-chain smart contracts. Hypernova does not control and is not responsible for the performance, availability, or security of third-party protocols. You acknowledge and accept the risks associated with on-chain systems, including smart contract vulnerabilities, network congestion, and protocol changes.10.4 Crypto asset risks
Trading perpetual futures and holding USDC involves significant financial risk, including price volatility, liquidity risk, and the risk of total loss of amounts at stake. You are solely responsible for assessing whether the Platform is appropriate for your financial situation and risk tolerance.11. Limitation of liability
To the fullest extent permitted by applicable law, Hypernova and its directors, employees, contractors, affiliates, and licensors shall not be liable for:- Any indirect, incidental, special, consequential, or punitive damages arising from your use of or inability to use the Platform.
- Any loss of profits, data, or goodwill, whether arising in contract, tort, or otherwise.
- Any loss arising from the permanent closure of a breached account.
- Any loss arising from on-chain settlement delays, smart contract failures, or third-party infrastructure issues.
- Any loss arising from market volatility, unfavourable price movements, or trading decisions made by you.
12. Indemnity
You agree to indemnify, defend, and hold harmless Hypernova and its directors, employees, contractors, and affiliates from and against any claims, damages, losses, costs, and expenses (including reasonable legal fees) arising from or related to:- Your use of the Platform in breach of these Terms.
- Your violation of any applicable law or third-party right.
- Any fraudulent or misleading representation made by you.