Terms And Conditions

I. General Terms

1.1. Candle Genie (“we,” “us,” “our”) is a decentralized application (“dApp”) operating on blockchain networks including Ethereum, Binance Smart Chain, and Base. These Terms constitute a binding agreement between you and Candle Genie.

1.2. By connecting your wallet, accessing, or using Candle Genie, you represent that you are at least 18 years old and have the full right and authority to enter into this agreement.

1.3. Self-Custody: You acknowledge that Candle Genie is a non-custodial interface. We do not have access to your private keys, passwords, or assets. You are solely responsible for the security of your wallet and all transactions initiated through it.

1.4. User Sophistication: You represent that you understand blockchain, AMM pricing, and the risks of trading outcome shares, and that you have the knowledge and experience to evaluate these risks before transacting.

1.5. Irreversible Transactions & Fees: On-chain transactions (including gas and protocol fees) are final and non-refundable. Network outages, front-end errors, or oracle delays do not entitle you to reversals; you bear these risks.

II. Trade (AMM Markets)

3.1. Automated Market Maker (AMM) markets allow users to trade outcome shares based on real-world events (e.g., Crypto, Sports, News).

3.2. Pricing Model (LMSR Explained): Candle Genie AMM markets use the Logarithmic Market Scoring Rule (LMSR) for automated liquidity. Prices adjust continuously based on current balances: when more shares of an outcome are bought, that outcome’s price rises and the opposite outcome’s price falls. The cost curve is smooth and convex, meaning larger trades move price more than smaller trades. Higher total liquidity (the “b” parameter) reduces price impact and tightens spreads; lower liquidity increases slippage and spreads.

3.3. Unlike Classic Predictions, AMM markets are continuous trading environments where share prices fluctuate based on supply and demand until the market is resolved.

3.4. Payout Structure: Upon market resolution, winning outcome shares redeem at $1 per share (pro-rata). Your settlement equals the number of winning shares you hold multiplied by $1.

3.5. Losing Shares Are Burned: Shares for the non-winning outcome have no redemption value after resolution; they are effectively burned within the contract and cannot be claimed later.

3.6. Low-Liquidity Volatility: In smaller markets using LMSR-style automated liquidity, prices and spreads may move sharply with modest trades. You could incur slippage or unfavorable fills; trade size accordingly. The liquidity “b” parameter may be adjusted, which can widen/narrow spreads and change slippage.

3.7. Trading Halts at Market End: Market entry, buying/selling, and swaps stop at the scheduled market end time. No new trades are accepted after the market ends.

3.8. Cancellation Refunds & Spread Sharing: If a market is cancelled, LMSR spread costs are shared equally across all participants to keep refunds fair. As a result, refund amounts may be slightly below individual purchase prices; this prevents early refund claims from gaining an advantage.

4.1. Resolution Methods & Visibility: Not every AMM market is resolved by UMA or Kleros. Each market lists its resolver (UMA, Kleros dispute, or Candle Genie) on the market card and within the Trade view so you can see who will resolve and close it.

4.2. Decentralized Resolution (UMA): Eligible markets may be resolved by the UMA Optimistic Oracle in accordance with its finalization rules.

4.3. Dispute Resolution (Kleros): For UMA-resolved markets that are disputed, the Kleros arbitration protocol may be used as the final arbiter to determine the correct outcome based on the evidence provided.

4.4. Candle Genie Resolution: Some selected markets may be resolved directly by Candle Genie (or its designated operations team). These markets are not guaranteed to use UMA/Kleros. Outcomes are determined using the published market criteria and available evidence, and the market may be closed by Candle Genie once resolved.

4.5. Market Closure Authority: Candle Genie may suspend or close markets—whether UMA/Kleros-enabled or Candle Genie-resolved—to protect market integrity, address real-world cancellations, or mitigate abuse. Trading may halt in such cases, and settlement follows the resolver rules for that market (or cancellation rules if closed without resolution).

4.6. Unresolved UMA/Kleros Markets: If a market designated for UMA or Kleros resolution cannot be resolved by those oracles for any reason (e.g., unavailable data, oracle failure, dispute deadlock), Candle Genie may cancel the market. In a cancellation, settlement follows the applicable smart contract or posted market rules.

4.7. Anti-Abuse Cancellation: Candle Genie may cancel (instead of resolving) a market if we detect abusive participation intended to drain or exploit the pool—e.g., last-minute large buy/sell into a thin/empty pool to siphon funds or otherwise game the system. In such cases, the market will not be resolved and follows the cancellation refund rules in 3.8.

4.8. Access Suspension & Modifications: We may suspend, limit, or modify interface access (including placing markets in close-only mode) for maintenance, security, regulatory, or market-integrity reasons, or to address suspected abuse. Features and content may change without notice.

4.9. Interface Role: Except where Candle Genie is the designated resolver under 4.4/4.5, we provide only the interface and do not control decentralized resolution. We are not responsible for delays, disputes, or inaccuracies in third-party oracle processes.

III. Price Predictions (Up/Down)

5.1. Candle Genie Classic Predictions is a price-prediction game. Users place bets on whether selected trading pairs will move “Up” or “Down” within a fixed time window (“Round”).

5.2. Winning bets are paid out based on the pool ratio at the time the Round locks. The payout is calculated as: (Your Stake * Payout Multiplier).

6.1. Source: The outcome of a Round is determined strictly by the price feed received by the Oracle/Smart Contract at the exact moment of the Round's closure.

6.2. Visuals vs. Execution: Chart visuals provided on the interface (sourced from TradingView or similar) are for reference only and may not perfectly match the execution price due to network latency or block time variances.

7.1. If the Predictions game is suspended or halted for technical reasons (e.g., Oracle failure, chain halt), all active and future bets in that specific session will be refunded in full.

7.2. Refunds are processed via the smart contract to the originating wallet addresses. Users must claim refundable amounts manually if automatic transfer fails.

IV. Risk & Liability

8.1. Blockchain transactions are immutable. Once a trade or bet is confirmed on-chain, it cannot be canceled, modified, or reversed by you or by us.

8.2. All outcomes are verified and recorded on-chain. In the event of a discrepancy between the website display and the blockchain record, the blockchain record shall prevail.

9.1. You agree not to engage in market manipulation, wash trading, front-running, or any activity intended to deceive other users or distort market integrity.

9.2. We reserve the right to restrict interface access for any wallet address suspected of malicious activity or exploiting protocol vulnerabilities.

10.1. No Investment Advice: The content on Candle Genie is for entertainment and informational purposes only. It does not constitute financial, legal, or investment advice.

10.2. High Risk: Prediction markets and crypto-assets are highly volatile. You could lose your entire stake. Do not bet funds you cannot afford to lose.

10.3. Technology Risk: We are not liable for losses resulting from smart contract bugs, blockchain network failures, wallet compromises, or third-party service outages (including UMA/Kleros delays).

10.4. Full Loss Risk: You can lose your entire stake. AMM prices can move abruptly; there is no leverage or derivatives offered, but volatility and slippage can still cause total loss of funds supplied.

10.5. Third-Party Dependencies: Blockchains, oracles, wallets, RPC providers, data sources, and third-party links are outside our control. Outages or inaccuracies from these providers are your risk.

10.6. Taxes: You are solely responsible for all tax reporting and payments related to your activity on Candle Genie.

11.1. We may modify these Terms at any time. The "Last Updated" date will reflect changes. Continued use constitutes acceptance.

For community support and inquiries, please join our official Telegram Community Group. Note that we will never ask for your private keys or seed phrase.