Terms & Conditions

1. Introduction & Acceptance of Terms

Welcome to Korabit ("the Platform," "we," "us," or "our"), an integrated financial intelligence platform providing P2P market intelligence, trading signals, an Investment Pool, Crypto-Backed Loans, an AI Trading Advisor, and related services.

These Terms and Conditions ("Terms") constitute a legally binding agreement between you ("User," "you," or "your") and Korabit. By registering an account, accessing, or using any part of the Platform — including subscribing to any service, depositing into the Investment Pool, applying for a Crypto-Backed Loan, or interacting with the AI Trading Advisor — you acknowledge that you have read, understood, and agree to be legally bound by these Terms.

If you do not agree to these Terms, you must immediately cease all use of the Platform and close your account.

2. Eligibility

To use the Platform, you must meet all of the following eligibility requirements:

• Age: You must be at least 18 years of age or the age of majority in your jurisdiction, whichever is greater.
• Legal capacity: You must have full legal capacity to enter into binding contracts under the laws of your country.
• Jurisdiction: You must not be a resident, citizen, or located in any jurisdiction where the use of this Platform or the services provided herein is restricted, prohibited, or requires a licence or regulatory approval not held by Korabit. Restricted jurisdictions include, but are not limited to, countries subject to comprehensive sanctions by OFAC, the UN Security Council, or the EU.
• Compliance: You must not be included on any government-issued sanctions list or watchlist.

By using the Platform, you represent and warrant that you meet all eligibility requirements. Korabit reserves the right to verify eligibility at any time and to suspend or terminate accounts found to be ineligible.

3. Account Registration & Security

3.1 Registration. To access the Platform, you must create an account using accurate and complete information. You agree to keep your registration information current and up to date.

3.2 One Account Per Person. Each individual may register and maintain only one (1) account. Creating multiple accounts to circumvent restrictions, earn additional referral credits, or abuse any platform feature is strictly prohibited and will result in permanent suspension of all associated accounts.

3.3 Credential Responsibility. You are solely responsible for maintaining the confidentiality of your login credentials, including your password and any two-factor authentication codes. You agree to notify us immediately at support@korabit.com upon becoming aware of any unauthorised access to your account. Korabit shall not be liable for any loss or damage arising from your failure to safeguard your credentials.

3.4 Device Verification. For your security, Korabit employs device verification. When you log in from an unrecognised device or location, you may be required to verify your identity via email confirmation or other authentication methods. Failure to complete device verification may result in restricted access.

3.5 VPN Policy. Use of VPNs, proxies, or other IP-masking technologies may trigger additional security checks. Korabit reserves the right to restrict access to accounts operating through such technologies, particularly where this conflicts with our jurisdiction compliance obligations.

4. Subscription & Payments

4.1 Subscription Model. Access to Korabit's core features — including P2P market intelligence, trading signals, the AI Trading Advisor, and price alerts — requires an active paid subscription. Subscription plans and pricing are published on the Platform and may be updated from time to time with notice.

4.2 Auto-Renewal. Subscriptions are billed on a recurring monthly basis. Your subscription will automatically renew at the end of each billing cycle unless you cancel it before the renewal date. Renewal charges will be applied to your payment method on file.

4.3 Refund Policy. Subscription fees are generally non-refundable. If you believe you are entitled to a refund due to a billing error, you must contact us at support@korabit.com within seven (7) days of the charge. Approved refunds will be processed within 14 business days to the original payment method.

4.4 Suspension for Non-Payment. If a subscription payment fails, we may suspend your access to the Platform until the outstanding balance is settled. During suspension, access to Investment Pool and Loan management features remains available for the purpose of managing existing positions.

5. P2P Market Intelligence & Trading Signals

5.1 Nature of Service. Korabit's P2P Market Intelligence service aggregates publicly available price data from peer-to-peer cryptocurrency exchanges and presents analysis, arbitrage signals, and market observations across African markets including Uganda, Kenya, Nigeria, Ghana, Tanzania, Rwanda, Cameroon, and South Africa.

5.2 Informational Only. All trading signals, price spreads, arbitrage opportunities, and analytical content are provided strictly for informational and educational purposes. Nothing on the Platform constitutes financial advice, investment advice, trading advice, or any other form of professional financial guidance, regardless of how it is presented.

5.3 No Guarantee of Profits. Korabit makes no representation, warranty, or guarantee that following any signal, analysis, or recommendation will result in profit. Past performance of any signal or market analysis is not indicative of future results. Markets can change rapidly and signals may become stale.

5.4 Data Accuracy. While we strive to provide accurate and timely data, we do not warrant the completeness, accuracy, or timeliness of market data. Data is sourced from third-party exchanges and may be subject to delays, errors, or interruptions. You should independently verify any information before acting on it.

6. Investment Pool

6.1 Overview. The Investment Pool is a managed pooled investment product offered by Korabit, operating on a unit trust-style model. Participants deposit funds into the Pool, which are deployed in accordance with Korabit's trading and arbitrage strategies.

6.2 Target Yield. The Investment Pool targets a yield of approximately 4% per calendar month. This target is aspirational and is not a guaranteed return. Actual yields may be higher or lower depending on market conditions, and in adverse conditions, the return may be zero or negative.

6.3 Lock-Up Period. All Investment Pool deposits are subject to a mandatory 30-day lock-up period from the date the deposit is confirmed by Korabit administration. During this period, funds may not be withdrawn.

6.4 Deposit Confirmation. Deposits are processed manually and must be confirmed by a Korabit administrator before they are credited to your Investment Pool account. We aim to confirm deposits within 24 hours of receipt, but this timeline is not guaranteed. The lock-up period begins upon admin confirmation, not the date of transfer.

6.5 Early Termination. If you request withdrawal of your Investment Pool funds before the expiry of the 30-day lock-up period, the following penalties apply:

• An early termination fee of 2% of the principal amount being withdrawn;
• A network/processing fee of $2.00 USD; and
• Forfeiture of all accrued yield for the current lock-up period — any yield earned will not be paid on early termination.

6.6 Withdrawal Processing. Withdrawals are processed manually after the expiry of the applicable lock-up period. Processing times may vary. Korabit does not guarantee same-day or next-day withdrawals.

6.7 No Guarantee. Korabit does not guarantee the preservation of capital or the achievement of any yield target. By depositing into the Investment Pool, you accept that your capital is at risk and that you may receive less than your original deposit.

7. Crypto-Backed Loans

7.1 Collateral Requirements. Korabit offers Crypto-Backed Loans secured by cryptocurrency collateral. Accepted collateral assets are limited to Bitcoin (BTC) and Ethereum (ETH). Other digital assets are not accepted as collateral unless explicitly stated on the Platform.

7.2 Loan-to-Value (LTV) Ratio. The maximum Loan-to-Value (LTV) ratio at origination is 60%. This means you may borrow up to 60% of the USD value of your deposited collateral at the time the loan is issued.

7.3 Interest Rate. Crypto-Backed Loans accrue interest at a rate of 2% per calendar month on the outstanding principal balance. Interest is calculated daily and may be charged monthly or upon repayment, as specified in your loan agreement.

7.4 Margin Call. If the market value of your collateral declines such that the LTV ratio of your loan reaches 75%, Korabit will issue a margin call. Upon a margin call, you will be notified and given a reasonable opportunity to either repay a portion of the outstanding loan or deposit additional collateral to bring the LTV below the margin call threshold. Korabit will use commercially reasonable efforts to notify you via the contact information on file, but cannot guarantee delivery of such notices.

7.5 Liquidation. If the LTV ratio of your loan reaches or exceeds 85%, Korabit reserves the right to liquidate all or part of your collateral without further notice to you, in order to repay the outstanding loan balance, accrued interest, and any applicable fees. You acknowledge that crypto asset prices can move rapidly and that liquidation may occur before you are able to take corrective action. Korabit shall not be liable for any losses arising from such liquidation.

7.6 Fiat Disbursements & FX Risk. Where loan proceeds are disbursed in local fiat currency (e.g., UGX, KES, NGN), the conversion will be performed at the prevailing market exchange rate at the time of disbursement. You bear full foreign exchange (FX) risk on fiat disbursements. Korabit charges a 1.5% conversion fee on all fiat disbursements, applied to the USD value of the loan at the time of conversion.

7.7 Crypto Price Movements. Korabit is not liable for any losses incurred by you as a result of adverse movements in the price of BTC, ETH, or any other cryptocurrency, including losses arising from collateral liquidation triggered by such price movements.

7.8 Repayment. You are responsible for repaying the full principal amount plus all accrued interest and fees in accordance with your loan terms. Failure to repay when due may result in collateral liquidation and reporting of the outstanding balance for debt recovery purposes.

8. AI Trading Advisor

8.1 Nature of AI Output. The AI Trading Advisor is a chat-based tool that generates responses based on market data, historical patterns, and your queries. All output from the AI Trading Advisor — including analyses, trade suggestions, market commentary, and strategy ideas — is AI-generated content for informational purposes only and does not constitute financial advice, investment advice, or any other form of regulated financial guidance.

8.2 User Responsibility. You acknowledge that all trading and investment decisions are made solely by you. Korabit and its AI systems do not execute trades on your behalf. You bear full responsibility for any action you take based on AI Advisor output.

8.3 Limitations of AI. AI-generated content may be incomplete, outdated, inaccurate, or contextually inappropriate. The AI Trading Advisor does not have access to real-time global news, cannot predict future market movements, and may occasionally produce incorrect or misleading output. Always verify AI-generated information independently.

8.4 No Fiduciary Relationship. Your use of the AI Trading Advisor does not create a fiduciary relationship, advisory relationship, or any other duty of care between you and Korabit.

9. Team & Organisation Accounts

9.1 Organisation Accounts. Korabit supports Team and Organisation accounts, allowing a designated Account Owner to add member users under a single subscription.

9.2 Account Owner Responsibility. The Account Owner is solely responsible for all activity conducted under the organisation account, including actions taken by all member users. The Account Owner warrants that all members are eligible to use the Platform under these Terms and that member access complies with all applicable laws.

9.3 Subscription Coverage. The organisation subscription covers all member users within the permitted member limit of the selected plan. Individual Investment Pool deposits and Crypto-Backed Loan agreements remain the sole financial responsibility of the individual member holding that position.

9.4 Removal of Members. The Account Owner may add or remove members at any time. Korabit reserves the right to restrict or remove individual member access where a member is found to be in violation of these Terms, without terminating the organisation account as a whole.

10. Referral Program

10.1 Referral Credit. Korabit operates a referral programme whereby existing users who refer new subscribers may earn a credit of $10.00 USD per successful referral, subject to the conditions below.

10.2 Conditions for Earning Credit. A referral credit is earned when:

• The referred user registers via your unique referral link;
• The referred user successfully completes payment for their first subscription period; and
• The referred user is a genuinely new user who has not previously held a Korabit account.

10.3 Credit Application. Referral credits are applied solely as a discount against your future subscription payments. Credits have no cash value and cannot be withdrawn, transferred, redeemed for any service other than subscription discounts, or applied to Investment Pool deposits or loan repayments.

10.4 No Cash Withdrawal. Referral credits are strictly non-monetary and cannot be redeemed for cash under any circumstances.

10.5 Abuse Prevention. Korabit reserves the right to void any referral credits and suspend accounts where self-referrals, fraudulent referrals, or referral abuse is detected, including the creation of fictitious accounts to earn credits.

11. Prohibited Uses

You agree not to use the Platform in any of the following ways:

• Market manipulation: Engaging in or facilitating any form of market manipulation, wash trading, spoofing, or any activity designed to artificially influence cryptocurrency prices or P2P market rates.
• False loan applications: Submitting false, misleading, or fraudulent information in any Crypto-Backed Loan application or related documentation.
• Multi-accounting: Creating more than one account per individual, or using accounts on behalf of others without explicit authorisation.
• Money laundering & fraud: Using the Platform for money laundering, terrorist financing, fraud, or any other illegal financial activity.
• Unauthorised access: Attempting to access systems, data, or accounts belonging to other users or to Korabit without authorisation.
• Automated abuse: Using bots, scrapers, or automated tools to access the Platform in a manner not authorised by Korabit, including to circumvent usage limits or extract data at scale.
• Circumventing restrictions: Using VPNs, proxies, or other technologies to mask your location for the purpose of evading jurisdictional restrictions.
• Reverse engineering: Reverse engineering, decompiling, or otherwise attempting to derive the source code or underlying algorithms of the Platform.

Violation of these prohibitions may result in immediate account suspension, forfeiture of balances, and referral to relevant law enforcement authorities.

12. Intellectual Property

All intellectual property on the Platform — including but not limited to the Korabit name, logo, brand assets, trading signal algorithms, software, AI models, platform design, UI/UX, market analysis methodologies, written content, and all other proprietary materials — is owned by or licensed to Korabit and is protected by applicable intellectual property laws.

You are granted a limited, non-exclusive, non-transferable, revocable licence to access and use the Platform for your own personal or internal business purposes, solely in accordance with these Terms. You may not copy, reproduce, modify, distribute, publicly display, or create derivative works from any Platform content or technology without express prior written consent from Korabit.

Any feedback, suggestions, or ideas you provide to Korabit regarding the Platform may be used by Korabit without obligation to you and shall become the property of Korabit.

13. Disclaimer of Warranties

THE PLATFORM AND ALL SERVICES ARE PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT ANY WARRANTIES OF ANY KIND, WHETHER EXPRESS, IMPLIED, OR STATUTORY.

To the fullest extent permitted by applicable law, Korabit expressly disclaims all warranties including:

• Warranties of merchantability, fitness for a particular purpose, and non-infringement;
• Any warranty that the Platform will be uninterrupted, error-free, or secure;
• Any warranty that trading signals or AI-generated content will be accurate, complete, or profitable;
• Any warranty as to the preservation of capital in the Investment Pool;
• Any warranty that the value of cryptocurrency collateral will remain stable or increase.

Cryptocurrency is a highly volatile and speculative asset class. The value of BTC, ETH, and other digital assets can decline to zero. Past performance is not indicative of future results.

14. Limitation of Liability

To the fullest extent permitted by applicable law, Korabit, its directors, officers, employees, agents, partners, and affiliates shall not be liable for any:

• Trading losses: Financial losses arising from trading or investment decisions made based on Platform content, signals, or AI advice;
• Investment Pool losses: Loss of principal or yield in the Investment Pool due to market conditions or operational factors;
• Loan-related losses: Losses arising from collateral liquidation, adverse FX movements, or any other aspect of the Crypto-Backed Loan product;
• Data inaccuracies: Losses arising from inaccurate, delayed, or incomplete market data;
• Service interruptions: Losses arising from downtime, technical failures, third-party outages, or cyberattacks;
• Indirect damages: Indirect, incidental, consequential, special, exemplary, or punitive damages of any kind.

In any event, Korabit's total aggregate liability to you for any and all claims arising under or in connection with these Terms shall not exceed the subscription fees paid by you to Korabit in the three (3) calendar months immediately preceding the event giving rise to the claim.

15. Governing Law & Dispute Resolution

These Terms and any dispute or claim arising out of or in connection with them or their subject matter shall be governed by and construed in accordance with the laws of the Republic of Uganda, without regard to its conflict of law principles.

Any disputes arising from or relating to these Terms or your use of the Platform shall first be attempted to be resolved through good-faith negotiation between the parties. If a resolution cannot be reached within thirty (30) days, the dispute shall be subject to the exclusive jurisdiction of the competent courts of Uganda.

Nothing in this clause shall prevent Korabit from seeking urgent injunctive or interim relief in any court of competent jurisdiction.

16. Changes to These Terms

Korabit reserves the right to update, modify, or replace these Terms at any time. Where changes are material, we will provide at least 30 days' prior written notice via email to your registered email address and/or via a prominent notice on the Platform.

Your continued use of the Platform after the effective date of updated Terms constitutes your acceptance of the revised Terms. If you do not agree to the revised Terms, you must cease using the Platform and, if applicable, close your account before the effective date of the changes.

We recommend reviewing these Terms periodically. The "Last Updated" date at the top of this page will always reflect when the Terms were last revised.

17. Contact Us

If you have any questions about these Terms, your account, or any of our services, please reach out to us: