TERMS OF SERVICE

1. WHAT TAPTAPTAP IS

taptaptap is an interface, on the web at taptaptap.trade and on Android, for placing leveraged perpetual futures orders on Phoenix, a decentralized order book on Solana. "We" means the team that operates it. We publish software: we are not a broker, exchange, custodian or money transmitter, we never take the other side of your trades, and we never hold your funds.

Using the app means accepting these Terms, the Privacy Policy and the Risk Disclosure. If you do not accept them, do not use the app.

2. ELIGIBILITY

You must be at least 18 and legally able to enter into this agreement. The app is not directed at children.

You may not use the app where leveraged derivatives trading, this app or Phoenix is prohibited, or if you are subject to sanctions. Complying with the law where you live is your responsibility, and the app is not an offer anywhere it would be unlawful.

3. YOUR WALLET IS YOURS

Signing in with email creates an embedded Solana wallet through our provider (Privy, or Dynamic for newer accounts), whose infrastructure secures the key. You can export that key from the profile screen at any time. That provider's terms and privacy policy also apply to the sign-in and the wallet.

We are non-custodial: we never hold or control your private key, your SOL, your USDC or your Phoenix collateral, and nobody here can move your funds, reverse a trade or recover your account. Keeping your email, your device and any exported key secure is your responsibility; losing them can mean losing everything in the wallet, permanently.

4. TRADING IS ON-CHAIN AND FINAL

When you tap to open or close a position, the app builds a transaction that your wallet signs and that is submitted to Solana. Once confirmed it is irreversible: there is no cancellation, no chargeback and no support channel that can undo it.

Every order is placed at the market's maximum leverage and fills against Phoenix's book at whatever price it offers when the transaction lands. Slippage, failed transactions and partial fills are ordinary outcomes and your risk. Phoenix and Solana are third-party systems we do not control; an outage, bug or exploit in either can stop you trading or withdrawing.

5. TOLY MODE IS PAPER MONEY

Toly mode is a practice mode that simulates trading with paper money against Phoenix's live prices. Nothing in it is a real order, a real balance or a real fill, and paper results say nothing about what the same trades would have done with real money. Paper balances have no value and cannot be withdrawn or converted.

6. FEES AND FEE SPONSORSHIP

Phoenix charges a taker fee on each fill and taptaptap adds a builder fee on the same notional, currently 4 basis points (0.04%) per fill, both taken on-chain; the app shows the round-trip cost before you tap and always shows the current rate. Solana network fees and account rent go to the network, not to us.

We sometimes pay Solana network fees on your behalf. Sponsorship is discretionary, capped, and may stop at any time without notice; you have no claim to it.

7. POINTS AND REFERRALS

Points, leaderboards and referral rewards are cosmetic. They are not money, securities, tokens or property, they have no cash value, they cannot be redeemed, sold or transferred, and we may change, recalculate, suspend or end them at any time. Nothing we say about points is a promise of any future reward.

We may void points or referral credit earned through self-referral, multiple wallets controlled by one person, automation or any other abuse, and may restrict access because of it.

8. NO ADVICE

Nothing in the app is investment, financial, legal or tax advice, and nothing in it is a recommendation to trade. Prices, rankings, market scores and every other figure shown are information only, may be delayed or wrong, and must not be relied on. You make your own decisions and bear their consequences.

9. ACCEPTABLE USE

Do not use the app to break the law, launder money, manipulate markets, attack our infrastructure or Phoenix, abuse fee sponsorship, or give access to anyone ineligible under section 2. We may restrict or end your access at any time; your wallet and on-chain positions remain yours.

10. NO WARRANTY, AND LIMITS ON OUR LIABILITY

The app is provided as is, without warranties of any kind, to the fullest extent the law allows. We do not promise it will be uninterrupted, secure or error-free, and may change or discontinue any part of it at any time.

To the fullest extent the law allows, we are not liable for trading losses, liquidations, missed trades, or losses caused by Solana, Phoenix, Privy, Dynamic or any other third party, by a failed or delayed transaction, or by the loss of your key or login. Where liability cannot be excluded, ours is limited to the builder fees you paid in the twelve months before the claim. Nothing here limits rights the law where you live does not allow us to limit.

11. CHANGES AND CONTACT

We may update these Terms. The effective date at the top of this page is the version in force, and using the app after a change means you accept it. Before bringing any claim, please write to us so we can try to resolve it informally.

Questions about these Terms: legal@taptaptap.trade.