Vanta Trading Challenge Terms of Service

Key Terms Summary

This summary is provided for convenience only and does not replace the full Agreement below. In the event of any conflict between this summary and the full Agreement, the full Agreement controls.

What Vanta Trading Challenge Offers

Vanta Trading Challenge is an evaluation program that allows you to participate in simulated trading activities on a decentralized network called Subnet 8. You trade using simulated assets—not real money or cryptocurrency—so you never risk your own capital. The Challenge evaluates your trading ability; it does not involve providing services for compensation.

How It Works

• You Pay a Challenge Entry Fee: This fee is a participation fee, not a deposit. It is determined by the account size, Reward Split, and buying-power level you select at purchase, is processed by the Payment Processor (Stripe for card and bank-transfer payments; NowPayments for cryptocurrency payments), is charged per Challenge purchase/attempt, and gives you access to the Challenge and registers the applicable Challenge Account on Subnet 8. The fee is refundable if you have not placed a trade and no longer want the product (contact support@vantatrading.io); once a trade has been placed, the fee is generally non-refundable, except as required by Applicable Law or payment-network rules, and it is not refunded upon a Pass.
• You Are a Participant, Not a Contractor or Employee: During the Challenge, you are a participant in an evaluation program. You do not provide services to Vanta and you do not receive any compensation, payouts, profit splits, or other economic benefits.
• You Trade with Simulated Assets: All trading uses simulated assets with no real-world value. You never deposit or risk your own money.
• Your Performance Is Evaluated: Your Challenge trading activity is measured against the criteria published in the Challenge Rules. If you meet the requirements and do not violate any rules, you may Pass.
• What Happens If You Pass: If you Pass (based on Validated Results), a Scaled Account is activated for you under Vanta's Network Trader Program when you execute a separate Independent Contractor Agreement ("ICA"), provided the other conditions in Section 9 are satisfied; KYC verification and payment onboarding must be completed under the ICA before any rewards are paid. The Network Trader Program, including the continued maintenance of your Scaled Account, any rewards at your selected Reward Split, and any promotion to a Pro Account, is governed by the ICA and not by this Agreement. Promotion to a Pro Account is at Vanta's sole discretion and is not guaranteed.
• Account Limits: You may maintain only the number and sizes of active Challenges and Scaled Accounts permitted per natural person under the account limits in the Challenge Rules, and may purchase further Challenge attempts within those limits (each requiring a separate Challenge Entry Fee); a different account size, Reward Split, or buying-power level requires a new Challenge. If you have multiple accounts you want Vanta to consider together, you must use the same email address for all such accounts; otherwise, Vanta may be unable to associate them.
• No Compensation During the Challenge: There are no payouts, profit splits, bonuses, prizes, or any form of compensation during the Challenge. This is strictly an evaluation.

Important Points to Understand

• You are not an employee, independent contractor, or agent of Vanta during the Challenge
• No compensation or payouts of any kind during the Challenge stage
• The Challenge uses simulated assets and results are hypothetical
• The Challenge Entry Fee is not a capital contribution or investment
• Passing is subject to validation; activation of a Scaled Account requires a separate ICA, under which KYC verification and payment onboarding must be completed before any rewards are paid; promotion to a Pro Account is discretionary
• Disputes are resolved through binding arbitration, not courts
• Vanta operates the Platform but does not control the decentralized Network (Subnet 8)
• Only before you have placed a trade may you cancel for a full refund
• Any descriptions of post-Challenge program economics (rewards, Reward Splits, Pro Account promotion, simulated capital, scaling) on Vanta's website or marketing materials are informational only and are not part of this Agreement

Important Legal Notices

Please read these notices carefully before using the Platform:

• Binding Arbitration and Class Action Waiver (Section 20): Disputes are resolved through individual arbitration, not court litigation or class actions.
• Limitation of Liability (Section 16): Vanta's liability is capped and certain damages are excluded.
• Indemnification (Section 17): You agree to indemnify Vanta for certain claims.
• No Compensation During Challenge (Sections 8, 9): There are no payouts, prizes, profit splits, or compensation of any kind during the Challenge.
• Scaled Account Activation Is Conditional; No Guaranteed Pro Promotion (Section 9): Activation of a Scaled Account after a Pass is subject to the conditions in Section 9, and promotion to a Pro Account is at Vanta's sole discretion.
• This Is Not an Investment (Sections 7, 22): You are paying for access to an evaluation product, not making an investment.

Acknowledgment and Acceptance

By clicking "Confirm Payment and Begin Evaluation," registering an account, paying the Challenge Entry Fee, or using the Service, you acknowledge and agree that:

• You have read, understood, and agree to be legally bound by this entire Agreement, including the arbitration agreement, class action waiver, jury trial waiver, limitations of liability, and indemnification obligations;
• You meet all eligibility requirements and are not located in a Prohibited Jurisdiction;
• During the Challenge, you are a participant in an evaluation program—not an employee, independent contractor, or agent of Vanta—and you are not entitled to employment benefits or any form of compensation;
• There are no payouts, profit splits, bonuses, prizes, or compensation of any kind during the Challenge;
• The Challenge uses simulated assets and all results are hypothetical and not indicative of real trading performance;
• You do not deposit, stake, or risk your own capital in Challenge Trading Activities;
• This is not an investment and the Challenge Entry Fee is not a capital contribution;
• The Challenge Entry Fee is generally non-refundable once a trade has been placed, except as required by Applicable Law or payment-network rules;
• Activation of a Scaled Account following a Pass is subject to the conditions in Section 9, including execution of a separate ICA under which KYC verification and payment onboarding must be completed before any rewards are paid; the continued maintenance of any Scaled Account is governed by the ICA; promotion to a Pro Account is at Vanta's sole discretion and is not guaranteed;
• You may maintain only the number and sizes of active Challenges and Scaled Accounts permitted per natural person under the account limits in the Challenge Rules. If you have multiple accounts you want Vanta to consider together, you must use the same email address for all such accounts;
• You have reviewed and agree to the Challenge Rules and Offer Terms, each of which is incorporated into this Agreement by reference;
• Any descriptions of post-Challenge program terms (including rewards, Reward Splits, reward cadence or payment rails, Pro Account promotion, simulated capital, scaling, or timelines) appearing on Vanta's website, marketing materials, FAQs, dashboards, emails, or social media are informational only, are not part of this Agreement, and create no binding obligation;
• You have read and accept the risk disclosures in Section 14;
• Disputes are resolved by binding arbitration, not courts, and you waive class action and jury trial rights;
• Vanta operates the Platform but does not control the Network; and
• You have had the opportunity to seek independent legal, financial, and tax advice.

For EU and UK persons: I expressly request Vanta to start providing the Challenge immediately, before the end of the 14-day withdrawal period. I acknowledge that this may cause me to lose my statutory right to withdraw once performance begins (for digital content), and that for services I lose the right to withdraw once the services are fully performed; if I withdraw after performance begins, I may be required to pay a proportionate amount for what has been provided. I expressly request immediate access to the Challenge and acknowledge that once my Challenge Account is opened, I lose any statutory right to withdraw or receive a refund.

Vanta Trading Challenge Terms of Service

These Terms of Service (this "Agreement") constitute a legally binding agreement between you ("Participant," "you," or "your") and Taoshi VT Services, a Cayman Islands exempted company with limited liability ("Vanta"), governing your access to and use of the Vanta Trading Challenge platform and your participation in the Challenge (collectively, the "Service"). By accessing or using the Service, registering an account, clicking "I Accept," or otherwise indicating your acceptance, you acknowledge that you have read, understood, and agree to be bound by this Agreement in its entirety, and you represent and warrant that you have the legal capacity and authority to enter into this Agreement.

If you do not agree to all of the terms and conditions of this Agreement, you must not access or use the Service.

Please note: There is a binding arbitration and class action waiver in Section 20.

1. Definitions

For purposes of this Agreement, the following terms shall have the meanings set forth below:

• "Affiliate" means, with respect to any entity, any other entity that directly or indirectly controls, is controlled by, or is under common control with such entity.
• "Aggregate Exposure" means the combined level of participation, positions, orders, notional, risk limits, simulated capital allocation, and/or other exposure measures (as determined by Vanta) across one or more accounts, including across Related Accounts.
• "Applicable Law" means all applicable statutes, laws, regulations, ordinances, rules, judgments, orders, decrees, permits, and other requirements of any Governmental Authority.
• "Asset Class" means a category of financial instruments available for Challenge Trading Activities (currently cryptocurrency, forex, equities, indices, and commodities), each of which is available within a single Challenge Account, as specified in the Challenge Rules.
• "Challenge" means the paid evaluation program operated by Vanta through the Platform in which Participants engage in simulated Challenge Trading Activities to demonstrate trading ability, subject to the performance criteria and rules set forth in the Challenge Rules.
• "Challenge Account" means the single simulated account established for a Participant on the Platform and the Network for purposes of participating in the Challenge, spanning all Asset Classes then available under the Challenge Rules, with the account size, Reward Split, and buying-power level selected in the applicable Offer Terms.
• "Challenge Data" means all data, records, and outputs generated through use of the Service, including orders, positions, timestamps, logs, metrics, rankings, telemetry, and all other information generated by or in connection with Challenge Trading Activities.
• "Challenge Entry Fee" means the participation fee paid by Participants to Vanta for access to the Challenge and registration on the Network, as displayed at the time of purchase, the amount of which is determined by the account size, Reward Split, and buying-power level selected in the Offer Terms. The Challenge Entry Fee is not a deposit and is not refunded upon a Pass.
• "Challenge Rules" means the rules, parameters, performance criteria, profit targets, loss limits, buying-power limits, account sizes, Reward Splits, available instruments, restricted instruments or trading behaviors, activity requirements and inactivity definitions, integrity checks, and other requirements applicable to the Challenge (and, as and to the extent incorporated by the ICA, to Scaled Accounts and Pro Accounts under the Network Trader Program), as published by Vanta at the URL designated on the Platform and incorporated herein by reference, as may be updated from time to time in accordance with Section 19; provided that any portions of the Challenge Rules describing Scaled Accounts, Pro Accounts, or rewards are not incorporated into this Agreement, are subject to Section 9.8, and apply only as and to the extent incorporated by the ICA.
• "Challenge Trading Activities" means the simulated trading activities conducted by Participants on the Network using Simulated Assets as part of the Challenge.
• "Confidential Information" means any non-public information disclosed by Vanta, including business strategies, algorithms, technical specifications, participant data, and any information designated as confidential.
• "Derived Data" means aggregated, anonymized, or otherwise derived analyses, insights, datasets, or learnings generated from Challenge Data.
• "Fail" means a determination by Vanta that a Participant has not met the Challenge criteria or has violated the Challenge Rules or this Agreement, resulting in termination of the applicable Challenge attempt.
• "Governmental Authority" means any federal, state, local, or foreign government, or political subdivision thereof, or any governmental, regulatory, or administrative authority, agency, or court.
• "High-Water Mark" means, with respect to a Pro Account, the highest end-of-day equity achieved by such account, as calculated by Vanta in accordance with the Challenge Rules. The loss limits applicable to the Challenge and to Scaled Accounts are not measured from a High-Water Mark.
• "ICA" or "Independent Contractor Agreement" means the separate agreement between Vanta and a Participant who has Passed, executed at activation of the Participant's Scaled Account, governing the Network Trader Program and the post-Challenge independent contractor relationship (including any Scaled Account, any Pro Account, and any rewards calculated on simulated performance), which is not part of or governed by this Agreement.
• "Indemnified Parties" means Vanta, its Affiliates, and their respective directors, officers, employees, agents, advisors, consultants, licensors, service providers, contractors, successors, and assigns.
• "Intellectual Property Rights" means all intellectual property rights worldwide, including patents, copyrights, trademarks, service marks, trade names, trade dress, trade secrets, know-how, moral rights, rights of publicity, and all other proprietary rights.
• "KYC" means "Know Your Customer" verification procedures, including identity verification, anti-money laundering screening, and sanctions screening.
• "Losses" means any and all claims, demands, actions, causes of action, liabilities, damages, losses, costs, expenses, fines, penalties, judgments, settlements, and fees (including reasonable attorneys' fees and costs of investigation, litigation, and appeal).
• "Market Data" means any price, quote, order book, index, benchmark, reference rate, timestamp, or other market or pricing information displayed, used, or relied upon by the Platform, the Network, Validators, or any third-party provider in connection with Challenge Trading Activities.
• "Material Nonpublic Information" or "MNPI" means information that (a) is not generally available to the public and (b) a reasonable person would consider important in making an investment or trading decision, or that would likely affect the price of a security, digital asset, or other financial instrument if made public.
• "Max Drawdown" means the maximum permitted decline in a Challenge Account's equity (including unrealized profit and loss), as specified in the Challenge Rules, comprising (a) a static loss limit measured from the Challenge Account's starting balance and (b) a daily loss limit measured from the Challenge Account's equity at the start of each trading day (UTC). A breach of either limit results in a Fail. Max Drawdown is measured from the starting balance and start-of-day equity, not from a High-Water Mark, unless the Challenge Rules expressly provide otherwise.
• "Network" or "Subnet 8" means the decentralized Vanta Network operated by independent Validators, on which Challenge Trading Activities are conducted. The Network is separate from and not controlled by Vanta.
• "Network Emissions" means any digital tokens, cryptocurrency, or other digital assets (including any "alpha tokens") emitted, distributed, or allocated by the Network in connection with Challenge Trading Activities or other simulated trading activities conducted on the Network through the Service.
• "Network Trader Program" means Vanta's separate post-Challenge program governed entirely by a separate Independent Contractor Agreement and not by this Agreement, under which a Participant who has Passed operates a Scaled Account (and, if promoted at Vanta's sole discretion, a Pro Account) engaging in simulated trading activities on the Network using Simulated Assets, and may be eligible to receive rewards calculated on simulated performance at the Participant's Reward Split, in each case as set forth in the ICA.
• "Non-Replicable" means not reasonably achievable under ordinary market conditions or through good-faith participation in the Challenge as intended, including where results depend materially on Technical Artifacts, anomalies, or conditions not generally available in ordinary market trading.
• "Offer Terms" means the account size, Reward Split, buying-power level, Challenge Entry Fee, and other offer details displayed when a Participant purchases entry to a Challenge, which are incorporated herein by reference.
• "Pass" means a determination by Vanta that a Participant has met all applicable Challenge criteria as set forth in the Challenge Rules without any disqualifying violations, subject to verification and validation by Vanta.
• "Payment Processor" means the third-party payment processors that process Challenge Entry Fee payments for the Service, being Stripe, Inc. and its affiliates for card and bank-transfer payments and NowPayments for cryptocurrency payments, together with any successor or additional processor designated by Vanta on the Platform.
• "Platform" or "Vanta Trading UI" means the user interface, application, website, APIs, and related systems operated by Vanta that enable Participants to register on the Network and participate in the Challenge.
• "Platform Content" means all content, materials, data, information, text, graphics, images, logos, trademarks, software, code, and other materials available on or through the Platform.
• "Pro Account" means a simulated account under the Network Trader Program, with Simulated Assets in an amount determined by Vanta, to which Vanta may, in its sole discretion, promote a participant in the Network Trader Program, and which is subject to the Pro Account rules as set forth in the ICA (which may incorporate portions of the Challenge Rules).
• "Prohibited Jurisdiction" means any jurisdiction subject to comprehensive sanctions imposed by the United States (including OFAC), United Kingdom, European Union, or United Nations, or where the Service is prohibited by Applicable Law.
• "Related Account" means any account that Vanta reasonably determines is directly or indirectly controlled by, associated with, operated for the benefit of, or materially influenced by the same person or entity, including through common ownership, common device or network identifiers, common payment method, common KYC identity, shared infrastructure, shared decision-making, shared access credentials, or other indicia of common control or coordination.
• "Reward Split" means the allocation of eligible simulated profit between the Participant and Vanta selected by the Participant in the Offer Terms at the time of purchase, which determines the Challenge Entry Fee and, subject to the ICA, the Participant's share of any rewards under the Network Trader Program. The Reward Split cannot be changed for an active Challenge Account.
• "Sanctions List" means any list of designated or blocked persons maintained by any Governmental Authority, including the OFAC SDN List, UK Consolidated List, EU Consolidated List, and UN Security Council Consolidated List.
• "Scaled Account" means the simulated account activated for a Participant under the Network Trader Program following a Pass and satisfaction of the conditions in Section 9, on which rewards (if any) are calculated on simulated performance as set forth in the ICA (which may incorporate portions of the Challenge Rules).
• "Simulated Assets" means the simulated, non-real digital assets used within Challenge Trading Activities on the Network, which have no real-world monetary value and exist solely for simulation purposes.
• "Strategy Correlation" means the degree to which Challenge Trading Activities, signals, positions, execution patterns, timing, instrument selection, or other behavioral characteristics are materially similar across accounts or over time, as determined by Vanta.
• "Technical Artifacts" means latency effects, timing advantages, data-feed discrepancies, platform/system behavior, execution anomalies, glitches, interruptions, errors, or other technical conditions (whether on the Platform, the Network, or any integrated service) that may influence displayed prices, fills, timestamps, rankings, metrics, or measured performance.
• "Technical Error" means any latency, outage, delay, interruption, degradation, bug, glitch, feed disruption, data corruption, out-of-sequence event, mismatch, or other technical or operational anomaly affecting the Platform, the Network, Validators, Market Data, order handling, simulation logic, metrics, rankings, or the calculation of any results.
• "Tier" means a specific Challenge configuration with defined parameters (account size, Reward Split, buying-power level, and the corresponding Challenge Entry Fee) as described in the Challenge Rules and Offer Terms.
• "Ultimate Beneficial Owner" or "UBO" means the natural person(s) who ultimately owns or controls a Participant or who otherwise exercises ultimate effective control over a Participant's participation in the Service.
• "User Content" means any content, data, or materials submitted, posted, or transmitted by Participants through the Platform.
• "User IP" means any models, strategies, algorithms, signals, code, tools, libraries, parameters, methods, and know-how that you develop or own independently of the Service, including anything you develop while using the Service that does not incorporate or derive from Vanta's Platform, Platform Content, or Confidential Information.
• "Validated Results" means Challenge Trading Activities, performance metrics, rankings, and Pass/Fail determinations as finally determined by Vanta after any review, adjustment, exclusion, or invalidation permitted under this Agreement.
• "Validators" means the independent operators that maintain and validate transactions on the Network.

2. Service Description

Overview

Vanta Trading Challenge provides an evaluation platform that enables you to participate in simulated trading activities on Subnet 8, a decentralized network. The Challenge is an evaluation program designed to assess your trading ability using Simulated Assets. You pay a Challenge Entry Fee for access, participate in Challenge Trading Activities, and your performance is measured against the criteria published in the Challenge Rules. You never deposit, stake, or risk your own capital. The Challenge does not involve performing services for Vanta and you do not receive any compensation during the Challenge.

What Vanta Provides

Through the Platform, Vanta: provides the user interface for registration and participation in Challenge Trading Activities; processes Challenge Entry Fees through the Payment Processor; facilitates your registration on the Network; evaluates your Challenge Trading Activities against the criteria set forth in the Challenge Rules; determines Pass/Fail outcomes and validates results; and provides support and maintains the Platform.

The Platform vs. The Network

It is important to understand the distinction between the Platform and the Network. The Platform (Vanta Trading UI) is a centralized service operated by Vanta. The Network (Subnet 8) is a separate, decentralized system operated by independent Validators over which Vanta has no control, ownership, or operational authority. While Vanta facilitates your participation on the Network and has a business relationship with the Network ecosystem, Vanta does not operate, control, or validate transactions on the Network. Issues arising from the Network itself are outside Vanta's control and responsibility.

No Fiduciary Relationship

This Agreement does not create a fiduciary relationship. Vanta does not owe fiduciary duties to Participants beyond the obligations expressly stated in this Agreement.

Challenge Program Structure

• Evaluation – Challenge: You pay a Challenge Entry Fee and participate in a one-step evaluation program using Simulated Assets on a single Challenge Account spanning all available Asset Classes, with the account size, Reward Split, and buying-power level selected in the Offer Terms. There is no compensation, payouts, profit splits, or economic benefit of any kind during the Challenge. Your performance is evaluated on a Pass/Fail basis against the Challenge Rules, which specify the profit target, the static and daily loss limits, and the activity requirement applicable to your Challenge.
• Network Trader Program (Separate Agreement): Upon a Pass based on Validated Results, and subject to the conditions in Section 9, a Scaled Account is activated for you under the Network Trader Program. The Network Trader Program is governed entirely by a separate ICA and is not part of this Agreement. Activation requires execution of the ICA; KYC verification, payment onboarding, and any other onboarding steps must be completed as required by the ICA and in any event before any rewards are paid under the ICA. The continued maintenance, suspension, and closure of a Scaled Account are governed by the ICA. In the Network Trader Program, participants continue to trade only simulated assets on the Network (no "funded" or live trading accounts are provided), and any rewards are calculated on simulated performance at your Reward Split and paid solely under the ICA. Vanta may, in its sole discretion, promote a Network Trader Program participant to a Pro Account; promotion is not guaranteed. Scaled Accounts may be maintained under the Network Trader Program only within the account limits per natural person set out in the Challenge Rules.

3. Eligibility and Registration

Eligibility Requirements

To use the Service, you represent and warrant that you: are at least eighteen (18) years of age or the age of legal majority in your jurisdiction, whichever is greater; have the legal capacity to enter into this Agreement; are not located in, a citizen of, or resident of any Prohibited Jurisdiction; are not identified on any Sanctions List; are not acting on behalf of any person or entity on a Sanctions List or located in a Prohibited Jurisdiction; are not prohibited from using the Service under Applicable Law; have not previously been suspended or terminated from the Service; and will provide accurate and complete information during registration and maintain its accuracy.

KYC Verification

Vanta may require identity verification at any time for compliance, anti-fraud, or account-limit purposes. You agree to provide accurate information, cooperate with verification requests, and update information as needed. Vanta may refuse registration, or suspend or terminate accounts, if verification cannot be completed satisfactorily, if information is inaccurate, or if continued service would violate Applicable Law. Subject to the foregoing, Vanta does not ordinarily require identity verification to purchase or begin a Challenge. Full KYC verification (conducted through Stripe, Inc. or another verification provider designated by Vanta), payment onboarding, and additional compliance procedures are required in connection with activation of a Scaled Account, as described in Section 9. To help Vanta associate multiple Challenge Accounts with a single verified identity and apply account limits, you should use the same email address for all Challenge Accounts you want Vanta to consider together; otherwise, Vanta may be unable to associate them.

Account Security

You are solely responsible for maintaining the confidentiality and security of your account credentials, including passwords and two-factor authentication. You must use strong, unique passwords and immediately notify Vanta of any unauthorized access. You are responsible for all activities under your account, and Vanta is not liable for Losses arising from unauthorized account access.

4. Participant Representations and Warranties

By using the Service, you represent, warrant, and covenant that: all information you provide is accurate, complete, current, and not misleading; you are using the Service for your own account and not on behalf of any undisclosed third party; your use of the Service does not violate any Applicable Law, Sanctions, or third-party rights; you have sufficient knowledge and experience to understand the Service and the risks described herein; you are not relying on any statement or representation by Vanta other than those in this Agreement; you understand that the Challenge is an evaluation program with no compensation, payouts, or prizes; you understand that activation of a Scaled Account following a Pass is subject to the conditions in Section 9, and that promotion to a Pro Account is at Vanta's sole discretion and is not guaranteed; the funds used to pay the Challenge Entry Fee are from legitimate sources and are not proceeds of illegal activity; you have not been convicted of any financial crime, fraud, or money laundering offense; you are not a politically exposed person ("PEP") or, if you are, you have disclosed such status to Vanta; and you will not use the Service or participate in Challenge Trading Activities related to any MNPI while in possession of MNPI.

5. Fees and Payment Processing

Challenge Entry Fee

To access the Challenge and be registered on the Network, you must pay the Challenge Entry Fee displayed at the time of purchase. The Challenge Entry Fee is a participation fee, not a deposit, and is determined by the account size, Reward Split, and buying-power level you select, as shown in the Offer Terms; a different account size, Reward Split, or buying-power level requires a new Challenge purchase. The Challenge Entry Fee is not refunded upon a Pass. This fee covers your access to the Challenge and the costs associated with registering you on the Network. Vanta reserves the right to modify the Challenge Entry Fee upon notice; any changes apply only to future purchases. Each Challenge purchase/attempt (including each additional Challenge Account or additional attempt) requires payment of a separate Challenge Entry Fee.

Payment Processor for Fees

All Challenge Entry Fees are processed by the Payment Processor: card and bank-transfer payments by Stripe, Inc., and cryptocurrency payments by NowPayments. By making a payment, you agree to be bound by the terms of service, acceptable use policy, and privacy policy of the applicable Payment Processor, which are incorporated herein by reference. You represent that you are authorized to use the payment method provided and that all payment information is accurate. Vanta is not responsible for any errors, delays, declines, fraud, or other issues arising from the Payment Processor's services or your payment method.

Cancellation Period

You may cancel your registration for a Challenge purchase/attempt and receive a full refund of the applicable Challenge Entry Fee, provided that you have not placed a trade and no longer want the product. To request cancellation, contact Vanta at the email address provided below. Once a trade has been placed, the applicable Challenge Entry Fee is generally non-refundable, except as required by Applicable Law or payment-network rules.

EU/UK Consumer Withdrawal Rights

If you are a consumer located in the United Kingdom or European Union, you may have a statutory right to withdraw from this Agreement within fourteen (14) days of purchase under applicable consumer protection laws. By purchasing a Challenge, you expressly request and consent to the immediate commencement of the Service (including registration on the Network and opening of your Challenge Account) before the end of any applicable statutory withdrawal period. You expressly acknowledge and agree that, once performance of the Service has begun (including approval of your registration or opening of your Challenge Account), you lose any statutory right to withdraw from this Agreement and to receive a refund, to the maximum extent permitted by Applicable Law.

Non-Refundable After a Trade Is Placed

Once a trade has been placed and the cancellation period ended, the Challenge Entry Fee is generally non-refundable (except as required by Applicable Law or applicable payment-network rules), including: your decision not to participate, performance outcomes, failing the Challenge, passing the Challenge, closure of a Scaled Account, not being promoted to a Pro Account, account suspension or termination, changes to the Service or Network, regulatory changes, Force Majeure Events, or any other reason. You expressly waive any right to chargeback, dispute, or reverse the Challenge Entry Fee after the cancellation period, to the maximum extent permitted by Applicable Law and payment-network rules.

Chargebacks and Payment Disputes

If you initiate a chargeback, payment dispute, or reversal after the cancellation period (other than as required by Applicable Law or payment-network rules), Vanta may immediately suspend or terminate your account. You agree to indemnify Vanta for all costs, fees, and expenses incurred in connection with any chargeback or payment dispute, including administrative fees, Payment Processor fees, and legal costs. Vanta reserves the right to pursue collection through all available legal means and to report fraudulent chargebacks to appropriate authorities.

Taxes on Fees

The Challenge Entry Fee does not include any applicable taxes. You are responsible for all taxes, duties, and governmental charges imposed on the Challenge Entry Fee by any jurisdiction.

6. Relationship of the Parties; No Employment or Contractor Relationship

Participant Status

During the Challenge, you are a participant in an evaluation program. You are not an employee, independent contractor, partner, joint venturer, member, shareholder, or agent of Vanta. You do not provide services to Vanta during the Challenge. Nothing in this Agreement creates any employment, contractor, or agency relationship during the Challenge stage.

No Compensation or Benefits

As a Challenge Participant, you are not entitled to any compensation, wages, salary, bonuses, profit splits, prizes, payouts, commissions, or any other form of economic benefit from Vanta during the Challenge. You are not entitled to any employment benefits whatsoever, including health insurance, retirement benefits, paid time off, workers' compensation, unemployment insurance, or severance pay.

No Authority to Bind

You have no authority to bind Vanta to any contract, obligation, or liability, or to make any representation or warranty on behalf of Vanta. You shall not hold yourself out as having any such authority or as being an employee or agent of Vanta.

Your Independence

As a Challenge Participant: you have sole control over when, where, and how you participate in Challenge Trading Activities; Vanta does not provide training, supervision, or direction on trading strategies or methods; you provide your own equipment, software, and internet access; and there are no minimum hours, quotas, or participation requirements (subject to any inactivity rules in the Challenge Rules).

7. No Capital at Risk

Simulated Assets Only

All Challenge Trading Activities and the Network Trader Program use Simulated Assets that have no real-world monetary value. Simulated Assets cannot be redeemed, withdrawn, transferred, or exchanged for any currency, cryptocurrency, or other asset. You never deposit, stake, or risk your own money, cryptocurrency, or assets. The only payment you make is the Challenge Entry Fee for access to the Challenge.

Not an Investment

Your participation in the Challenge or the Network Trader Program is not an investment of any kind. The Challenge Entry Fee is payment for access to an evaluation product, not a capital contribution, security, deposit, or investment. You do not acquire any equity, ownership interest, profit-sharing interest, or investment stake in Vanta, the Network, or any other entity.

8. Network Emissions; No Rights to Digital Assets

Ownership of Network Emissions

When Challenge Trading Activities or Network Trader Program activities are conducted on the Network, the Network may emit digital assets (Network Emissions). To the extent any Network Emissions are allocated to Vanta (or its designee) in connection with Challenge Trading Activities, such Network Emissions are the sole and exclusive property of Vanta. Participants do not receive, own, or have any right, title, interest, or claim to Network Emissions, regardless of their designation, value, or any Participant's contribution to generating them.

No Claims to Network Emissions

You acknowledge and irrevocably agree that you have no ownership interest, beneficial interest, equitable interest, claim, demand, or right of any kind in or to any Network Emissions. You waive any claim based on unjust enrichment, quantum meruit, constructive trust, resulting trust, joint venture, partnership, employment, contribution, conversion, or any other legal or equitable theory.

9. Challenge Evaluation; Pass/Fail; No Compensation

Evaluation Criteria

Your Challenge Trading Activities will be evaluated against the performance criteria, rules, and requirements set forth in the Challenge Rules. The Challenge Rules specify, among other things, the profit target, Max Drawdown (static and daily loss limits), buying-power limits, Tier parameters, available instruments, activity requirements, restricted instruments or trading behaviors, and any integrity checks applicable to your Challenge.

Pass/Fail Determination

A Pass requires meeting all applicable criteria set forth in the Challenge Rules without any disqualifying violations of this Agreement or the Challenge Rules. Vanta will evaluate and validate Challenge Trading Activities and make Pass/Fail determinations. Vanta may disqualify results for prohibited behavior, Technical Artifacts, or any other grounds set forth in this Agreement or the Challenge Rules.

No Compensation During Challenge

There are no payouts, profit splits, bonuses, prizes, compensation, or any other form of economic benefit during the Challenge. The Challenge is solely an evaluation. Your sole potential benefit from passing the Challenge is eligibility, subject to the conditions in this Section 9, for activation of a Scaled Account under the Network Trader Program pursuant to a separate ICA; any rewards are governed solely by the ICA.

Activation of Scaled Account Is Conditional; Promotion to Pro Account Is Discretionary

A Pass based on Validated Results is a necessary condition for activation of a Scaled Account under the Network Trader Program. Activation of a Scaled Account is conditional on: (a) executing a separate ICA; (b) agreeing under the ICA to complete KYC verification and payment onboarding (through Stripe, Inc. or such other verification provider as Vanta designates) before any rewards are paid; (c) compliance with the account limits in Section 9.7 and Section 10, including the account limits per natural person set out in the Challenge Rules; and (d) compliance with this Agreement, the Challenge Rules, and Applicable Law as of activation. Vanta may, in its sole discretion, decline or defer activation where any such condition is not satisfied, where Vanta determines or reasonably suspects a violation of Section 10 or the existence of Related Accounts, where activation would conflict with Applicable Law or regulatory considerations, or where Vanta otherwise determines, in its reasonable discretion, that activation is inappropriate. Continued maintenance, suspension, and closure of a Scaled Account are governed by the ICA. Promotion of a Network Trader Program participant to a Pro Account is at Vanta's sole and absolute discretion. Factors Vanta may consider include, without limitation, trading and reward history, compliance history, KYC status, account limits, Aggregate Exposure, regulatory considerations, and business judgment. Vanta makes no promises, representations, or warranties regarding the timing of activation of any Scaled Account or the likelihood, timing, or simulated capital amount of any promotion. The terms of the Network Trader Program, including Scaled Account and Pro Account rules, reward calculation, reward cadence and payment rails, transition and grace periods, and the consequences of any breach, are set forth exclusively in the ICA (which may incorporate portions of the Challenge Rules).

Results Validation; Adjustment or Invalidation; Finality

Vanta may, in its sole discretion, review Challenge Trading Activities and may adjust, exclude, disregard, re-rank, disqualify, or invalidate any Challenge Trading Activities, performance metrics, rankings, and/or Pass/Fail determinations where Vanta determines that the applicable results are: (i) Non-Replicable; (ii) materially influenced by Technical Artifacts or other anomalies; (iii) inconsistent with the intended purpose, spirit, or integrity of the Challenge; and/or (iv) associated with any actual or suspected violation of Section 10. A Pass determination (if any) is made only based on Validated Results. To the maximum extent permitted by Applicable Law, Vanta's determinations regarding Validated Results are final and binding.

No Vested Rights; No Reliance

You acknowledge and agree that you have no vested right or entitlement to any particular Challenge Rules, evaluation criteria, performance metrics, ranking, or Pass/Fail methodology, and that none of the foregoing creates any expectation, reliance interest, or obligation for Vanta to maintain any particular rules, objectives, criteria, thresholds, or methodology.

Multiple Attempts; Limited Recognition

A Participant may purchase and participate in multiple Challenge attempts, but may maintain only the number and sizes of active Challenges permitted per natural person under the account limits in the Challenge Rules; a different account size, Reward Split, or buying-power level requires a new Challenge purchase and a separate Challenge Entry Fee. Notwithstanding any number of Passes achieved, Vanta will recognize Challenge Accounts for purposes of eligibility to proceed to an ICA and/or the Network Trader Program, and Scaled Accounts may be maintained under the Network Trader Program, only within those account limits, and only the account or accounts designated as Pro-eligible in the Challenge Rules may be considered for promotion to a Pro Account. A Participant whose Scaled Account has been closed may purchase a new Challenge and, upon a Pass, may become eligible, subject to the conditions in this Section 9, for a new Scaled Account. If you hold Passes beyond those account limits at the same time (including through Related Accounts), Vanta may, in its sole discretion, designate which Challenge Account (if any) is recognized for eligibility purposes; all other such concurrent Passes are void for eligibility purposes. To help Vanta associate your accounts, you must use the same email address for all Challenge Accounts you want Vanta to consider together.

Network Trader Program Descriptions; Informational Only; No Reliance

Any descriptions of the Network Trader Program, including descriptions of Scaled Account or Pro Account mechanics, simulated capital amounts, reward frequencies, payment rails, Reward Splits, loss limits and other Pro Account rules, promotion criteria, transition or grace periods, discounts on repeat attempts, timelines, or other post-Challenge program terms, whether appearing on Vanta's website, FAQs, marketing pages, dashboards, emails, social media, or any other channel, are provided for informational and illustrative purposes only. Such descriptions are not binding on Vanta and do not form part of this Agreement; do not create any contractual obligation, entitlement, expectation, or reliance interest; may be changed by Vanta at any time without notice to Challenge Participants; and are superseded in their entirety by the terms of the ICA, if and when executed.

10. Participant Conduct and Prohibited Activities

General Conduct Standards

You agree to: use the Service only for lawful purposes and in compliance with all Applicable Laws; provide accurate, complete, and truthful information at all times; maintain the security and confidentiality of your account; comply with all Challenge Rules and policies published on the Platform; promptly notify Vanta of any security breach, unauthorized access, or suspected violations; cooperate with Vanta's reasonable requests for information, verification, or investigation; and use the Service in good faith.

Prohibited Activities

Neither you nor any third party acting on your behalf or with your permission may:

• Automated Systems and Manipulation: Use automated tools in ways prohibited by this Agreement; use third-party trading signals, signal services, copy-trading or trade-mirroring services, or otherwise conduct Challenge Trading Activities that are not based on your own strategy; engage in market manipulation (e.g., wash trading, spoofing, layering, front-running, pump-and-dump); coordinate or collude to gain unfair advantage; or exploit bugs, glitches, vulnerabilities, timing issues, or errors in the Platform or Network. (For the avoidance of doubt, bots, expert advisors, and AI may be used in connection with Challenge Trading Activities, in each case so long as the use otherwise complies with this Agreement and the Challenge Rules; each of your accounts must run its own strategy, and mirroring or opposing positions across your own accounts is not permitted; use of third-party signals or copy-trading services results in immediate disqualification.)
• Account and Identity Violations: Use false identities, impersonate others, or register for someone else without written authorization; create accounts using different identities and/or email addresses to evade rules, limits, or enforcement; share, sell, or transfer account access or credentials; access another Participant's account without permission; provide false or fraudulent information (including KYC); or bypass geographic restrictions (e.g., via VPNs/proxies).
• Security Violations: Circumvent, disable, or compromise security features, access controls, or authentication; probe, scan, or test for vulnerabilities; introduce malicious code; attempt unauthorized access to the Platform, accounts, systems, or networks; or disrupt or overburden the Platform or connected networks/services.
• Intellectual Property Violations: Reverse engineer or attempt to derive source code, algorithms, or underlying ideas; copy, modify, adapt, translate, or create derivative works; scrape, crawl, or harvest Platform data; remove or obscure proprietary notices; or use Vanta trademarks or branding without written permission.
• Legal and Regulatory Violations: Violate applicable laws or third-party rights; violate sanctions or deal with prohibited jurisdictions/persons; use the Service for money laundering, terrorist financing, tax evasion, or other financial crimes; or evade legal/regulatory requirements applicable to use of the Service.
• Material Nonpublic Information (MNPI) or Insider Conduct: Use, attempt to use, or disclose any Material Nonpublic Information in connection with Challenge Trading Activities; engage in insider trading, "tipping," or any similar market-abuse conduct; or use the Service in a manner intended to benefit from MNPI-based trading, even if Challenge Trading Activities involve Simulated Assets.
• Other Prohibited Conduct: Use the Service in ways that harm, disable, overburden, or impair the Platform; harass, abuse, threaten, defame, or intimidate Vanta personnel or other Participants; submit illegal, harmful, offensive, or rights-infringing content; engage in conduct Vanta deems harmful to the Service, Network, Participants, business, or reputation; or assist or enable others to do any of the foregoing.

Account Limits, Multiple Attempts, and Anti-Circumvention

Each Platform account and each Challenge Account must correspond to a single natural person. You may maintain only the number and sizes of active Challenges and Scaled Accounts permitted per natural person under the account limits in the Challenge Rules, and may purchase further Challenge attempts within those limits, subject to any additional limits described on the Platform. You must use one profile and one email address across all of your accounts. You may not use multiple accounts, email addresses, devices, or payment methods to evade rules, limits, or enforcement actions (including to attempt to exceed those account limits). Vanta may impose further limits on the number of Challenge attempts, Challenge Accounts, and/or Scaled Accounts per Participant at any time. Vanta may, in its discretion, merge, suspend, or terminate accounts that Vanta reasonably determines are Related Accounts being used to circumvent account limits.

Aggregation, Caps, and Behavioral Controls

Vanta may impose limits on Aggregate Exposure, including limits on total simulated capital allocation, notional exposure, risk limits, and/or participation levels per Participant and/or per UBO, and may apply such limits across Related Accounts. You may not engage in Strategy Correlation across multiple accounts or sub-accounts in a manner that Vanta reasonably determines is intended to replicate, clone, mirror, or coordinate Challenge Trading Activities to increase rankings, pass evaluation thresholds, or otherwise game the Challenge. Where Vanta reasonably determines that multiple accounts are Related Accounts and/or that the Challenge is being gamed through aggregation, coordination, or Strategy Correlation, Vanta may require consolidation to a single account, collapse or net results across such accounts, apply caps or reduced limits, re-rank or re-calculate metrics, and/or disqualify or invalidate some or all Challenge Trading Activities.

Monitoring and Enforcement

Vanta reserves the right, but has no obligation, to monitor Participant activity, investigate suspected violations, and take any action Vanta deems appropriate, including suspending or terminating accounts, reporting to law enforcement, and pursuing legal remedies. Vanta may use automated systems to detect prohibited activities.

Consequences of Violations

Violation of this Section 10 may result in: immediate suspension or permanent termination of your account; a Fail determination for the current Challenge; disqualification from current and future Challenges; adjustment, exclusion, re-ranking, disqualification, or invalidation of any Challenge Trading Activities, performance metrics, rankings, and/or Pass/Fail eligibility; revocation of any previously issued Pass; civil liability for damages, including consequential damages; referral to law enforcement and cooperation with criminal investigations; injunctive relief; and any other remedies available at law or equity.

11. Intellectual Property

Vanta's Intellectual Property

The Platform and all Platform Content, including all software, code, algorithms, databases, text, graphics, images, logos, trademarks, service marks, trade names, trade dress, user interfaces, designs, and other materials, are owned by Vanta or its licensors and are protected by copyright, trademark, patent, trade secret, and other Intellectual Property Rights. Vanta and its licensors reserve all rights not expressly granted in this Agreement.

Limited License to Participants

Subject to your compliance with this Agreement, Vanta grants you a limited, non-exclusive, non-transferable, non-sublicensable, revocable license to access and use the Platform solely for the purposes expressly permitted by this Agreement. This license does not include any right to: (a) modify, adapt, translate, or create derivative works; (b) reverse engineer, decompile, disassemble, or derive source code; (c) copy, reproduce, distribute, publish, or display Platform Content; (d) sell, rent, lease, sublicense, or commercially exploit the Platform; (e) use the Platform on behalf of third parties; or (f) remove any proprietary notices. This license terminates automatically upon termination of this Agreement or your account.

Permitted Social Sharing

Subject to your ongoing compliance with this Agreement, Vanta grants you a limited, non-exclusive, non-transferable, revocable permission to publicly share limited excerpts of Platform Content solely to show your own performance metrics, rankings, or results displayed in your Challenge Account ("Permitted Social Sharing"). Permitted Social Sharing is limited to your own information. All Permitted Social Sharing must be truthful, accurate, and not misleading. You may not present simulated results as actual trading results or imply that simulated results predict real-world outcomes. Each post containing Permitted Social Sharing must clearly and conspicuously include: "Simulated trading using simulated assets; no real trading is conducted on the platform."; "Challenge results are hypothetical and do not guarantee activation of a Scaled Account, promotion to a Pro Account, or any rewards or compensation."; "This is not investment advice and not an investment."; and "Vanta has not reviewed or approved this post." Vanta may, in its sole discretion and for any reason, require you to modify or remove any Permitted Social Sharing within 24 hours.

Ownership of Challenge Data; Reservation of User IP

As between the parties, you retain all right, title, and interest in and to User IP, including any proprietary trading models, strategies, algorithms, signals, and code you create before or during your use of the Service, provided that such User IP does not include or incorporate Vanta's Platform, Platform Content, or Confidential Information, and was not created by reverse engineering or misuse of the Platform. All Challenge Data and Derived Data are and shall be the sole and exclusive property of Vanta. You hereby irrevocably assign to Vanta all right, title, and interest in and to Challenge Data and Derived Data worldwide.

User Content License

To the extent you submit any User Content through the Platform, you grant Vanta a perpetual, irrevocable, worldwide, royalty-free, fully paid-up, sublicensable license to use, reproduce, modify, distribute, display, perform, and create derivative works from such User Content for any purpose, including operating, improving, and marketing the Service.

Feedback

If you provide any feedback, suggestions, ideas, recommendations, or other input regarding the Platform or Service ("Feedback"), you hereby assign to Vanta all right, title, and interest in such Feedback. Vanta may use Feedback for any purpose without compensation, attribution, or obligation to you.

Trademark Restrictions

"Vanta," "Vanta Trading UI," and all related logos, designs, and trade dress are trademarks or service marks of Vanta. You may not use any Vanta trademarks without prior written permission.

DMCA and Infringement Claims

If you believe any Platform Content infringes your Intellectual Property Rights, please contact Vanta's designated agent at the contact information below with: (a) identification of the copyrighted work; (b) identification of the allegedly infringing material; (c) your contact information; (d) a statement of good faith belief; (e) a statement under penalty of perjury that the information is accurate and you are authorized to act on behalf of the owner; and (f) your physical or electronic signature. Vanta will respond to valid notices in accordance with Applicable Law.

12. Confidentiality

Confidentiality Obligations

You agree to maintain the strict confidentiality of all Confidential Information and to use Confidential Information solely for the purpose of using the Service as permitted by this Agreement. You shall not disclose Confidential Information to any third party without Vanta's prior written consent. You shall protect Confidential Information using at least the same degree of care you use to protect your own confidential information, but in no event less than reasonable care.

Exceptions

Confidential Information does not include information that: (a) was publicly available prior to disclosure; (b) becomes publicly available through no fault of yours; (c) was rightfully in your possession prior to disclosure without confidentiality restrictions; (d) is independently developed by you without use of Confidential Information; or (e) is rightfully obtained from a third party without confidentiality restrictions.

Required Disclosures

You may disclose Confidential Information if required by Applicable Law, regulation, or court order, provided that you: (a) give Vanta prompt written notice (if legally permitted) to allow Vanta to seek a protective order; (b) cooperate with Vanta's efforts to protect confidentiality; and (c) disclose only the minimum information legally required.

Return of Confidential Information

Upon termination of this Agreement or Vanta's request, you shall promptly return or destroy all Confidential Information and certify such return or destruction in writing upon request.

13. Data Protection and Privacy

Privacy Policy

Vanta collects and processes personal data in accordance with its Privacy Policy, which is incorporated herein by reference and available on the Platform. By using the Service, you acknowledge that you have read and understood the Privacy Policy.

Consent to Processing

By using the Service, you consent to the collection, processing, storage, and transfer of your personal data as described in this Agreement and the Privacy Policy, including for KYC verification, fraud prevention, compliance, service improvement, and communication purposes.

Cross-Border Transfers

Your personal data may be transferred to and processed in countries other than your country of residence, including the Cayman Islands, United States, and other jurisdictions where Vanta or its service providers operate. These countries may have data protection laws that differ from your jurisdiction. By using the Service, you consent to such transfers.

Data Security

Vanta implements reasonable administrative, technical, and physical security measures to protect personal data. However, no method of transmission or storage is completely secure, and Vanta cannot guarantee absolute security. You are responsible for maintaining the security of your account credentials.

Data Retention

Vanta retains personal data for as long as necessary to provide the Service, comply with legal obligations, resolve disputes, and enforce this Agreement. Retention periods vary based on data type and legal requirements.

14. Risk Disclosures

Please read these risk disclosures carefully. By using the Service, you acknowledge and accept all risks described herein.

Simulated Trading Limitations

Hypothetical and simulated performance results have inherent limitations. Unlike actual trading, simulated trading does not involve financial risk and cannot account for all factors that affect real trading decisions, including the impact of financial risk, liquidity constraints, slippage, and market impact. Results from Challenge Trading Activities are not indicative of future performance in any real trading context. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown or experienced with Simulated Assets in any Challenge Trading Activities.

Digital Asset and Cryptocurrency Risks

You acknowledge the following risks related to digital assets: digital assets, including Network Emissions, are highly volatile and speculative and values can fluctuate dramatically, potentially declining to zero; the regulatory status of digital assets is unclear and evolving and regulatory changes could materially affect the Service; digital assets may have no intrinsic value and could become worthless; and tax treatment of digital assets varies by jurisdiction and is subject to change.

Blockchain and Technology Risks

You acknowledge the following technology risks: smart contracts may contain bugs, vulnerabilities, or errors that could result in unintended consequences; the Network may experience failures, attacks, forks, congestion, or cessation of operations; the Platform, Network, or related systems may be subject to hacking, cyberattacks, or data breaches; independent Validators may act maliciously, collude, make errors, or fail to perform; Network protocols may change, affecting emissions, rules, or economics; and underlying technology may become obsolete or be superseded.

Operational and Business Risks

You acknowledge the following operational risks: the Platform may be unavailable, interrupted, or experience performance issues; the Service depends on third parties (Payment Processor, cloud providers, Network) that may fail or change services; you may not Pass the Challenge, any Scaled Account may be closed upon a breach of the applicable loss limits, and you may not be promoted to a Pro Account; Vanta may modify, suspend, or discontinue the Service at any time; and payment processing for the Challenge Entry Fee may be delayed, held, or fail due to Payment Processor policies or issues.

Legal and Regulatory Risks

You acknowledge the following legal risks: governmental authorities may take enforcement action affecting the Service; laws may change in ways that prohibit or restrict the Service; multiple jurisdictions with different requirements are involved; and your recourse is limited by this Agreement and may be impossible against decentralized networks.

Assumption of Risk

By using the Service, you acknowledge that you understand and voluntarily assume all risks described in this Section 14, including risks not specifically identified. You agree that Vanta shall not be liable for any Losses arising from these risks.

Market Data, Latency, and Technical Error Risks

You acknowledge and accept that Challenge Trading Activities occur in a simulated environment and may be affected by Market Data limitations and Technical Errors, including: incorrect, delayed, stale, incomplete, or otherwise inaccurate simulated prices; out-of-sequence timestamps, fills, or event ordering; latency or timing advantages/disadvantages; Validator delays, errors, or disagreements; downtime, congestion, forks, reorgs, or other Network disruptions; mismatches between simulated execution and real-world execution; data corruption, lost messages, duplicated messages, or reconciliation errors; and third-party software, hosting, connectivity, or dependency failures. Any such issues may materially affect your Challenge Trading Activities, metrics, rankings, and your Pass/Fail outcome, and may result in adjustment, exclusion, or invalidation of results.

15. Disclaimers

"As Is" Service

The Service is provided "as is," "as available," and "with all faults" without warranties of any kind, whether express, implied, statutory, or otherwise. To the fullest extent permitted by Applicable Law, Vanta and its Affiliates, licensors, and service providers disclaim all warranties, including implied warranties of merchantability, fitness for a particular purpose, title, non-infringement, accuracy, reliability, availability, security, and warranties arising from course of dealing, course of performance, or trade usage.

No Guarantees

Vanta does not warrant that: (a) the Service will meet your requirements or expectations; (b) the Service will be uninterrupted, timely, secure, or error-free; (c) defects will be corrected; (d) the results from the Service will be accurate or reliable; (e) you will Pass the Challenge, that a Scaled Account will be activated, or that you will be promoted to a Pro Account; or (f) the Service will be compatible with your equipment or software.

Third-Party Services

Vanta makes no warranties regarding third-party services, including the Payment Processor, cloud providers, or the Network. Your use of such services is at your own risk and subject to their terms.

Network Disclaimer

Vanta does not control the Network and makes no warranties regarding its operation, availability, security, emissions, or performance. Vanta is not responsible for Network failures, protocol changes, Validator actions, or any other Network-related matters.

No Professional Advice

Nothing in the Service constitutes financial, investment, tax, legal, or other professional advice. The Service is for simulated trading and evaluation purposes only. You should consult qualified professionals for such advice.

16. Limitation of Liability

Exclusion of Certain Damages

To the maximum extent permitted by Applicable Law, in no event shall Vanta or any Indemnified Party be liable for any: (a) indirect, incidental, special, consequential, punitive, or exemplary damages; (b) loss of profits, revenue, income, business, savings, or anticipated benefits; (c) loss of goodwill or reputation; (d) loss of data or information; (e) loss of use or availability; (f) cost of procurement of substitute services; (g) business interruption; (h) personal injury or emotional distress; (i) loss or theft of digital assets; (j) unauthorized access or alteration of data; (k) conduct of any third party; or (l) any other damages whatsoever; arising from or related to this Agreement, the Service, your use or inability to use the Service, or any other matter, regardless of the theory of liability.

Aggregate Liability Cap

To the maximum extent permitted by Applicable Law, Vanta's total cumulative liability for all claims of any kind arising from or related to this Agreement or the Service shall not exceed the greater of: (a) the total Challenge Entry Fees actually paid by you to Vanta in the twelve (12) months immediately preceding the first event giving rise to liability; or (b) one hundred United States dollars (USD $100.00). This limitation applies to all claims in the aggregate, not per claim or per incident.

Exclusions for Network-Related Matters

Vanta shall have no liability whatsoever for any Losses arising from or related to: (a) the operation, performance, availability, security, or failure of the Network; (b) actions, omissions, errors, or misconduct of Validators or other Network participants; (c) changes to Network protocols, consensus mechanisms, emission schedules, or economics; (d) Network forks, reorganizations, or attacks; (e) fluctuations in value, availability, or liquidity of Network Emissions or other digital assets; (f) smart contract bugs, vulnerabilities, or exploits; (g) blockchain failures or congestion; or (h) any other matter related to decentralized infrastructure.

Exclusions for Payment Processor and Third-Party Conduct

Vanta shall have no liability for delays, errors, holds, or failures in payment processing by the Payment Processor; Payment Processor fees or charges; account suspension or termination by the Payment Processor; or any acts or omissions of third parties, including other Participants, third-party content or services, or unauthorized access by third parties.

Time Limitation on Claims

Any claim or cause of action arising from or related to this Agreement or the Service must be filed within one (1) year after the claim or cause of action arose, regardless of when you became aware of it, or it shall be permanently barred.

17. Indemnification

Indemnification Obligations

You agree to indemnify, defend, and hold harmless the Indemnified Parties from and against any and all Losses arising from or related to: your access to or use of the Service; your breach of this Agreement; your violation of Applicable Law, Sanctions, or third-party rights; your negligence, willful misconduct, fraud, or bad faith; any User Content you submit; any dispute between you and any third party; your tax obligations; any claim that your activities violate securities, commodities, banking, money transmission, or other financial regulations; any regulatory investigation or enforcement action related to your activities; any claim arising from false, misleading, or incomplete information you provided; any claim arising from your infringement of Intellectual Property Rights; any chargeback, payment dispute, or reversal initiated by you; and any other matter for which you are responsible under this Agreement.

Defense and Control

Vanta reserves the right, at its own expense, to assume the exclusive defense and control of any matter subject to indemnification by you. In such event, you shall cooperate fully with Vanta in asserting any available defenses. You shall not settle, compromise, or consent to the entry of any judgment in any claim without Vanta's prior written consent if such settlement imposes any obligation, liability, or restriction on any Indemnified Party; requires any admission by any Indemnified Party; or does not include a complete release of all Indemnified Parties.

18. Term and Termination

Term

This Agreement begins when you accept it and continues until terminated by either party in accordance with this Section 18.

Termination by You

You may terminate this Agreement at any time by discontinuing use of the Service and notifying Vanta at the contact information below. Termination does not entitle you to any refund of Challenge Entry Fees once a trade has been placed, or forgive any amounts you owe to Vanta.

Termination by Vanta

Vanta may suspend or terminate your access to the Service, in whole or in part, immediately and without prior notice, for any reason or no reason, including: your breach of this Agreement; failure to complete or pass identity verification; suspected fraud, manipulation, illegal activity, or other misconduct; requests or requirements of law enforcement or Governmental Authorities; compliance with Applicable Law or Sanctions; modification, suspension, or discontinuation of the Service; extended periods of inactivity; technical, security, or operational reasons; or Vanta's sole business judgment.

Effect of Termination

Upon termination for any reason: your right to access and use the Service ceases immediately; your license to the Platform is immediately revoked; any pending Challenge attempt is terminated and results in a Fail; any Pass determination not yet acted upon may be revoked at Vanta's discretion; and you must cease all use of Vanta's Intellectual Property and Confidential Information and return or destroy Confidential Information upon request.

Inactivity Termination

If you do not place at least one (1) trade in your Challenge Account within sixty (60) days after the Challenge Account is activated, or if your Challenge Account otherwise fails to satisfy the activity requirements specified in the Challenge Rules, in each case as determined by Vanta in its sole discretion, Vanta may close your account and terminate your Challenge without further notice. Closure under this Section results in a Fail. Re-entry requires payment of a new Challenge Entry Fee. Vanta may designate stricter inactivity determinations that lead to account termination in the Challenge Rules. Any inactivity rules applicable to Scaled Accounts or Pro Accounts are as set forth in the ICA (which may incorporate portions of the Challenge Rules).

19. Modifications

Changes to Agreement

Vanta may modify this Agreement at any time in its sole discretion. Vanta may provide notice of changes via the Platform, email, or other reasonable means, but you are responsible for reviewing updates. Unless otherwise required by Applicable Law, changes may take effect immediately upon posting or at the time indicated by Vanta, and your continued use of the Service after the effective time constitutes acceptance of the modified Agreement.

Changes to Service

Vanta reserves the right to modify, update, suspend, or discontinue the Service, in whole or in part, at any time and for any reason, with or without notice. Vanta shall not be liable to you or any third party for any modification, suspension, or discontinuation.

Updates to Challenge Rules and Offer Terms; Prospective Application and Fairness Guardrails

Vanta may modify, update, or replace the Challenge Rules or Offer Terms at any time in its sole discretion. Subject to the exceptions below, the version of the Challenge Rules and the material commercial terms of the Offer Terms in effect at the time a Participant purchases and enters a Challenge shall govern that Participant's Challenge attempt. Notwithstanding the foregoing, Vanta may apply updated Challenge Rules or Offer Terms to an ongoing Challenge attempt where the change: (i) is necessary to address fraud, abuse, circumvention, or gaming; (ii) is required to comply with Applicable Law or regulatory guidance; (iii) is a technical correction, bug fix, or clarification that does not materially disadvantage Participants; or (iv) is otherwise non-material in nature. Updated Challenge Rules apply prospectively to new Challenge purchases and entrants. In the event of a conflict between this Agreement, the Challenge Rules, and the Offer Terms: this Agreement controls all legal terms, rights, and obligations; the Offer Terms control purchase-specific commercial details (account size, Reward Split, buying-power level, and price selected); and the Challenge Rules control performance criteria and operational mechanics.

20. Dispute Resolution

Please read this section carefully. It affects your legal rights, including your right to file a lawsuit in court and to have a jury trial.

Informal Resolution

Before initiating any formal dispute resolution proceeding, you agree to first contact Vanta and attempt to resolve any dispute informally. To initiate informal resolution, you must send a written notice describing the dispute and your proposed resolution to Vanta at the contact information below. The parties shall negotiate in good faith for at least sixty (60) days. If the dispute is not resolved during this period, either party may proceed with formal dispute resolution.

Binding Arbitration

Any dispute, claim, or controversy arising from or relating to this Agreement, the Service, your relationship with Vanta, or the breach, termination, enforcement, interpretation, or validity hereof, including the determination of the scope or applicability of this Agreement to arbitrate, shall be finally and exclusively resolved by binding arbitration, rather than in court, except as otherwise provided herein. The arbitration shall be administered by the International Centre for Dispute Resolution ("ICDR") in accordance with its International Arbitration Rules in effect at the time of arbitration. The arbitration shall be conducted by a single arbitrator selected in accordance with the ICDR Rules. The place of arbitration shall be George Town, Grand Cayman, Cayman Islands. The language of the arbitration shall be English.

Arbitration Procedures

The following procedures shall apply to the arbitration: (a) the arbitrator shall have the authority to award any relief that would be available in a court of competent jurisdiction, subject to the limitations in this Agreement; (b) the arbitrator shall issue a written decision including findings of fact and conclusions of law; (c) discovery shall be limited to documents directly relevant to the dispute; (d) the arbitration proceedings and all related documents shall be confidential; (e) the arbitrator's decision shall be final and binding, and judgment may be entered in any court of competent jurisdiction; (f) the arbitrator shall have no authority to conduct class-wide proceedings or consolidate claims.

Arbitration Costs

Each party shall bear its own attorneys' fees and costs, unless the arbitrator determines that a claim or defense was frivolous or brought in bad faith, in which case the arbitrator may award reasonable attorneys' fees to the prevailing party. The parties shall share equally the arbitrator fees and ICDR administrative fees, unless the arbitrator determines a different allocation is appropriate.

Class Action Waiver

You and Vanta agree that any dispute resolution proceedings, whether in arbitration, court, or otherwise, will be conducted only on an individual basis and not in a class, consolidated, collective, representative, or private attorney general action. You hereby knowingly and voluntarily waive any right to participate in a class action, class-wide arbitration, consolidated arbitration, or any other proceeding in which any party acts or proposes to act in a representative capacity. The arbitrator shall have no authority to conduct class-wide proceedings, consolidate claims, or award relief to anyone other than the individual party.

Jury Trial Waiver

To the fullest extent permitted by Applicable Law, you and Vanta each knowingly and voluntarily waive any constitutional and statutory right to sue in court and to a trial by jury.

Severability of Arbitration Provisions

If the class action waiver in Section 20.5 is found to be unenforceable as to a particular claim or request for relief, then that claim or request shall be severed and may proceed in court, while all other claims shall proceed in arbitration. If any other provision of this Section 20 is found to be unenforceable, that provision shall be severed and the remainder shall be enforced.

Time Limitation

Any claim must be filed within one (1) year after it arose, regardless of when you became aware of it, or it is permanently barred. This limitation applies to all claims regardless of legal theory.

Exceptions to Arbitration

Notwithstanding the foregoing: (a) either party may seek injunctive or other equitable relief in any court of competent jurisdiction to protect Intellectual Property Rights or Confidential Information; (b) Vanta may bring claims in any court of competent jurisdiction to collect amounts owed by you; and (c) either party may bring claims in small claims court if the claim qualifies.

21. Governing Law and Jurisdiction

This Agreement and any dispute arising from or relating to it shall be governed by and construed in accordance with the laws of the Cayman Islands, without regard to conflict of law principles. Subject to Section 20 (Dispute Resolution), any legal action or proceeding not subject to arbitration shall be brought exclusively in the courts of the Cayman Islands, and you irrevocably consent to the personal jurisdiction and venue of such courts and waive any objection based on inconvenient forum or lack of jurisdiction.

22. Regulatory Disclosures and Compliance

Not a Securities Offering

This Agreement and the Service do not constitute an offer or sale of securities, investment contracts, or any other regulated financial instruments in any jurisdiction. The Challenge Entry Fee is payment for access to an evaluation product. It is not a capital contribution, investment, security, deposit, or loan. No compensation, payout, or return of any kind is provided during the Challenge. No regulatory authority has reviewed, approved, or endorsed this Agreement or the Service.

Evaluation Product

To further clarify the nature of the Service: the Challenge Entry Fee is payment for access to an evaluation program, not an investment; your Challenge results depend solely on your individual performance, not on pooled resources or the performance of other Participants; your Pass/Fail determination is based on your own trading activity and skill, not by the managerial efforts of Vanta or others; and the Challenge provides no financial return of any kind.

Not Investment or Trading Advice

Vanta is not a registered investment adviser, broker-dealer, commodity trading advisor, futures commission merchant, commodity pool operator, or any other type of regulated financial services provider in any jurisdiction. Nothing in the Service is investment advice, trading advice, or a recommendation to buy, sell, hold, or trade any security, commodity, or digital asset. Any information provided is for educational purposes only.

Simulated Trading Only

All Challenge Trading Activities use Simulated Assets. No real securities, commodities, currencies, cryptocurrencies, or other financial instruments are bought, sold, traded, or exchanged through the Service. The Service is not connected to any real exchange, trading venue, financial market, or order matching system. Performance in Challenge Trading Activities is not indicative of potential performance in real trading.

CFTC and Commodities Disclaimer

The Service involves simulated trading only and is not subject to the same regulatory requirements as actual trading in commodity interests, futures, options, or swaps. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.

Money Transmission

Vanta does not engage in money transmission or money services business activities. All Challenge Entry Fee payments are processed by the Payment Processor (Stripe, Inc., a licensed payment processor, for card and bank-transfer payments, and NowPayments for cryptocurrency payments). Vanta does not hold, custody, control, transmit, or exchange fiat currency or digital assets on behalf of Participants, except to the extent of receiving Challenge Entry Fees through the Payment Processor.

Anti-Money Laundering

Vanta maintains an anti-money laundering (AML) compliance program, including KYC verification, transaction monitoring, and suspicious activity reporting as required by Applicable Law. You agree to cooperate with all AML compliance requirements. Vanta may refuse, suspend, or terminate service if it suspects money laundering, terrorist financing, or other illegal activity.

Tax Reporting

You are solely responsible for all tax reporting and payment obligations arising from your participation in the Challenge (including any tax consequences of the Challenge Entry Fee). Vanta does not provide tax advice; consult a qualified tax professional.

Your Compliance Responsibility

You are solely responsible for determining and complying with all Applicable Laws in your jurisdiction, including laws relating to taxation, anti-money laundering, foreign exchange controls, data protection, licensing, and registration requirements. Vanta makes no representation that the Service is appropriate or available for use in any particular jurisdiction. Accessing the Service from Prohibited Jurisdictions is strictly prohibited.

Export Controls and Sanctions

You agree to comply with all applicable export control laws and Sanctions. You represent that you are not located in a Prohibited Jurisdiction and will not access the Service from such jurisdiction. You will not export, re-export, or transfer the Service or any related technology to any Prohibited Jurisdiction or to any person on any Sanctions List.

23. EU/UK Consumer Withdrawal and Cancellation Rights

Scope

This Section applies only if you are a consumer located in the European Union or the United Kingdom.

14-Day Right to Withdraw

You have a statutory right to withdraw from this Agreement within fourteen (14) days from the date you purchase a Challenge (the "Withdrawal Period"), without giving any reason, unless an exception applies under Section 23.5.

How to Withdraw

To exercise your right to withdraw, you must notify Vanta of your decision by an unequivocal statement (for example, by email). Send your withdrawal notice to support@vantatrading.io (or the then-current cancellation contact shown on the Platform). Your notice should include your name, the email used for purchase, purchase date, and (if available) order/receipt ID.

Refund Timing

If you validly withdraw in accordance with this Section, Vanta will reimburse you using the same payment method you used (unless you expressly agree otherwise) without undue delay and in any event no later than fourteen (14) days after we receive your withdrawal notice.

Immediate Access; Early Performance Request; Effects on Withdrawal and Fees

The Challenge is provided digitally and may involve the supply of digital content and/or the provision of digital services that can begin during the Withdrawal Period (including registration on the Network and opening/activation of your Challenge Account). If you tick the separate checkbox presented at checkout requesting immediate access, you expressly request Vanta to begin performance of the Challenge during the Withdrawal Period and acknowledge that once performance begins, you may lose your statutory right to withdraw or may be required to pay a proportionate amount for what has been provided up to the time you withdraw. For purposes of this Section, performance is deemed to begin when your Network registration is approved and/or your Challenge Account is opened/activated (whichever occurs first).

Model Withdrawal Form (Optional)

You may use the following form, but it is not required:

• To: Vanta (Taoshi VT Services) – support@vantatrading.io
• I hereby give notice that I withdraw from my contract for the purchase of the Vanta Trading Challenge.
• Purchased on: [date]
• Name: [your name]
• Email used for purchase: [email]
• Order/receipt ID (if available): [ID]
• Date: [date]

Non-Waivable Rights

Nothing in this Section limits any rights you have that cannot be excluded or limited under applicable consumer law.

24. General Provisions

Entire Agreement

This Agreement, together with the Privacy Policy, the Challenge Rules, the Offer Terms, and any other documents incorporated by reference, constitutes the entire agreement between you and Vanta regarding the Service and supersedes all prior agreements, understandings, negotiations, representations, and communications. Descriptions of post-Challenge program terms (including on Vanta's website, marketing materials, or FAQs) are not incorporated into this Agreement and are governed by Section 9.8.

Severability

If any provision is held invalid or unenforceable, it shall be modified to the minimum extent necessary or severed, and the remaining provisions shall continue in full force.

Waiver

Vanta's failure to enforce any provision is not a waiver. Waivers must be in writing and signed by an authorized representative. A waiver on one occasion does not constitute a waiver on other occasions.

Assignment

You may not assign this Agreement without Vanta's prior written consent. Any attempted assignment in violation is void. Vanta may assign this Agreement freely, including in connection with a merger, acquisition, or sale of assets.

Notices

Notices to Vanta must be sent to the email address below and are effective when received. Vanta may notify you via the Platform, email to your registered address, or other reasonable means.

Force Majeure

Vanta is not liable for failures due to events beyond its reasonable control, including natural disasters, war, terrorism, pandemics, government actions, Sanctions, network failures, blockchain failures, cyberattacks, power outages, or third-party failures.

Electronic Acceptance

You consent to electronic execution of this Agreement. Your electronic acceptance has the same legal effect as a physical signature. You waive any requirement for an original signature.

Jurisdiction-Specific Provisions

To the extent any provision is prohibited or unenforceable in your jurisdiction, such provision shall not apply to you to the extent prohibited, and the remaining provisions shall remain in effect. Nothing limits any rights you have that cannot be waived under Applicable Law.

Contact Information

Taoshi VT Services, PO Box 144, 3119 9 Forum Lane, Camana Bay, George Town, Grand Cayman KY1-9006, Cayman Islands

Legal Inquiries: support@vantatrading.io
General Support: support@vantatrading.io
Cancellation Requests: support@vantatrading.io
DMCA Agent: support@vantatrading.io