This Futures Copy Trading User Agreement ("Agreement") is an agreement between you ("you", "your" or "User") and KAI ("us", "our" or "KAI"). This Agreement sets out the terms and conditions for your use of the Copy Trading Service ("Copy Trading Service") through www.kai.com or any of our related websites, Application Programming Interface or mobile applications (collectively, the "Platform").
If any provision of this Agreement is inconsistent with the KAI Terms of Service, Privacy Policy, Disclaimer and any agreement you have with KAI, the provisions of this Agreement shall prevail. Before you use our Copy Trading Services, we recommend that you read and ensure that you understand the terms of this Agreement.
By using the Copy Trading Service, you acknowledge and agree to be legally bound by the terms and conditions of this Agreement and any terms, rules or guidelines issued by us from time to time in connection with the Copy Trading Service.
1.Definition
1.1 Copy trading: refers to the behavior of users choosing to follow the trading strategies of other users (i.e. traders with orders) for automated trading according to the copy trading services provided by the platform.
1.2 Trader: refers to a user who makes public transactions on the platform and allows other users to follow their transactions.
1.3 Copy user: refers to the user who chooses to follow the trading strategy of the trader with the order.
1.4 Platform: refers to the KAI digital asset trading platform and the related services it provides.
2.Service content
2.1 Copy trading function: The copy trading function provided by the platform allows the copy user to automatically trade according to the public trading strategy of the trader. After the copy user selects the trader, the platform will automatically copy the trader's trading behavior and perform the corresponding buy or sell operations.
2.2 Disclosure of information: You should carefully evaluate the authenticity, legality and validity of relevant trading data, and the platform is not obligated to verify the data and information provided by traders, as well as any trading behavior, trading records and any other trading information of traders.
2.3 Trade execution: When a copying user initiates a copying transaction through the platform, the platform will automatically execute the transaction according to the trading order of the trader with the order. All copying transactions are completed automatically by the platform without manual user intervention.
2.4 Service fees: When traders provide strategy trading, traders will charge a certain fee for carrying orders; when the platform provides copy trading services, it may charge a certain service fee according to the transaction type and strategy. For specific fee standards, please refer to the platform's rate description.
3.Responsibilities and obligations of documentary users
3.1 Voluntary Participation: You understand and acknowledge that the use of the Copy Trading Service is entirely voluntary. When you use the Copy Trading Service provided by the Platform, you should ensure that you have fully understood the relevant risks and bear all risks and losses that may arise from participating in the trading.
3.2 Risk tolerance: You should evaluate your risk tolerance and decide whether to participate in copy trading based on your financial situation. The platform is not responsible for any losses or losses arising from copy trading.
3.3 Authenticity of information: You should carefully evaluate the authenticity, legality and validity of relevant transaction data, and the platform is not obligated to verify the data and information provided by traders, as well as any trading behavior, trading records and any other trading information of traders.
3.4 Comply with the platform rules: When using this service, you should abide by the platform's various operating rules and policies, including but not limited to the prohibition of malicious market manipulation, improper transactions, etc.
3.5 Account Security: You shall take reasonable steps to ensure the security of your account info and password. If you detect any unauthorized transactions or security incidents, you shall immediately notify the Platform.
4.Trader liability
4.1 Honesty: As a trader, you commit to trading in good faith and avoid issuing misleading or false trading signals.
4.2 Prohibition of Violations: You shall not engage in any behavior that may lead to market manipulation, false trading or other improper trading. If the platform finds that you have violated the rules, it will have the right to suspend or terminate your qualification as a single trader.
4.3 Accuracy of public information: As a trader, you should ensure that all trading history and risk profile information displayed on the platform is true, accurate and complete. If the information is materially inaccurate, you will be fully responsible for the consequences.
5.Service restrictions and termination
5.1 Service restrictions: The platform has the right to adjust or limit the content, function or service scope of the copy trading service at any time as needed. You should accept these adjustments when using this service.
5.2 Termination of service: The platform has the right to unilaterally terminate your copy trading service under the following circumstances:
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You violate any of the terms of this Agreement.
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Your behavior is suspected of violating the law or platform regulations.
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Changes in laws, regulatory requirements, or platform policies prevent the platform from continuing to provide services.
5.3 Advance notice: The platform will make reasonable efforts to notify you in advance to terminate the service, but under special circumstances, the platform may directly terminate the service without prior notice.
6.Risk Statement
6.1 Price volatility risk: The price of digital assets fluctuates violently in the market, and there is an extremely high risk in investing or trading digital assets. The platform is not responsible for any losses incurred by users during the use of copy trading services.
6.2 Liquidity Risk: Insufficient market liquidity may result in the inability to complete transactions at the expected price, resulting in losses.
6.3 Technical risks: Copy transactions may be delayed or fail due to system failures, network problems or other technical issues. The platform shall not bear any losses arising therefrom.
6.4 Irreversible risk: Once the transaction is executed, the transaction cannot be reversed or modified. Users should exercise caution.
6.5 Legal Risks: Due to the different regulatory policies on digital assets in various countries, the use of this service may involve different legal risks. Users should make their own assessments and comply with local laws and regulations.
7.Limitation of Liability
7.1 Platform Disclaimer: Unless otherwise expressly stipulated in this Agreement, the Platform does not make any promises or guarantees about the results of any copy trading, including but not limited to profits, losses, transaction success, etc. You agree to bear all risks and losses arising from the use of copy trading services.
7.2 Liability for losses: The platform is not responsible for any losses caused by technical problems, cyber attacks, market anomalies or other unforeseen factors.
7.3 User's Own Responsibility: You are fully responsible for any actions, transactions or actions you take on the platform. The platform is not responsible for any losses caused by your actions or decisions.
8.Modifications and Updates
8.1 Agreement Amendment: The platform has the right to modify the content of this agreement at any time. The revised agreement will be published on the platform and will take effect immediately. Users should regularly check the latest version of the agreement. Continuing to use this service means that you agree to be bound by the latest agreement terms.
8.2 Notification of Changes: If the modification of this Agreement is significant, the platform will notify the user in advance through platform announcements, emails, etc.
9.Applicable Law and Dispute Resolution
9.1 Applicable Law: This Agreement applies to the laws and regulations of the jurisdiction where the User is located.
9.2 Dispute Resolution: If any dispute arises during the performance of this Agreement, both parties shall resolve it through friendly negotiation; if the negotiation fails, either party may file a lawsuit with the court of jurisdiction where the platform is located.
10.Other provisions
10.1 Entire Agreement: This Agreement is the entire agreement between you and the Platform regarding the Copy Trading Services and supersedes all previous oral or written agreements.
10.2 Validity of Terms: If certain provisions of this Agreement are found to be invalid or unenforceable, the validity of the remaining provisions shall not be affected.
11.Entry into force and interpretation of the Agreement
11.1 When you visit or log in to the copy transaction page of this platform, click Confirm to accept the terms of this agreement, or start any form of copy transaction operation through this platform, it means that you have agreed and accepted the entire content of this agreement, which is legally binding on both parties.
11.2 The use and participation rules of the copy trading service and the final interpretation right of this agreement belong to this platform.
Thank you for your support and understanding of KAI, and I wish you a satisfactory trading experience on our platform.
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