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Terms of Service

Last Updated: December 5, 2024 Welcome to Limora. These Terms of Service (“Terms”) govern your access to and use of the Limora platform, including any content, functionality, and services offered on or through the Limora application (collectively, the “Services”). Please read the Terms carefully before you start to use the Services. By using the Services, you accept and agree to be bound and abide by these Terms. If you do not want to agree to these Terms, you must not access or use the Services.

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1. Eligibility

By using the Services, you represent and warrant that:
  • You are at least 18 years of age
  • You have the legal capacity to enter into a binding agreement
  • You are not located in, incorporated or otherwise established in, or a citizen or resident of a Disqualified Jurisdiction
  • Your use of the Services does not violate any applicable law or regulation

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Disqualified Jurisdictions

“Disqualified Jurisdiction” means the United States, Canada, Albania, Bosnia and Herzegovina, Montenegro, Macedonia, Kosovo, Serbia, Belarus, Burma, Cote D’Ivoire (Ivory Coast), Crimea, Cuba, Democratic Republic of Congo, Central African Republic, Iran, Iraq, Liberia, North Korea, Syria, Zimbabwe, Yemen, Venezuela, Nicaragua, Mali, Burundi, Lebanon, Libya, Somalia, Sudan, or any other country or territory that is the subject of country-wide or territory-wide sanctions.

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2. Description of Services

Limora provides a decentralized leveraged trading platform that enables users to:
  • Open leveraged long and short positions on various cryptocurrency pairs
  • Provide liquidity as a matcher/lender to earn interest
  • Manage positions with stop-loss and take-profit orders
  • Access real-time oracle price feeds
The Services operate on the Base blockchain network and require an EVM-compatible wallet (such as MetaMask or WalletConnect) to interact with the platform.

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3. Risks

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Trading Risks

Trading cryptocurrencies with leverage involves substantial risk of loss. You should not trade with funds you cannot afford to lose. Past performance is not indicative of future results.
You acknowledge and agree that:
  • Cryptocurrency trading is highly speculative and volatile
  • Leveraged trading amplifies both potential gains and losses
  • Liquidation may occur if your position moves against you
  • Smart contract risks may result in loss of funds
  • Oracle price feeds may experience delays or inaccuracies

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Technical Risks

You acknowledge that blockchain technology and smart contracts carry inherent risks including but not limited to:
  • Smart contract vulnerabilities or bugs
  • Network congestion or failures
  • Wallet security compromises
  • Bridge or cross-chain transaction failures

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4. Wallet Connection and Security

You are solely responsible for:
  • Maintaining the security of your wallet and private keys
  • All activity that occurs under your wallet address
  • Any losses resulting from unauthorized access to your wallet
We never have access to your private keys and cannot recover lost funds.

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5. Fees

The platform charges fees for various services including:
  • Trading fees on opening and closing positions
  • Interest payments on borrowed funds
  • Network gas fees (paid to the blockchain network)
Fee schedules are displayed on the platform and may be updated from time to time. Please review the Fees documentation for current rates.

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6. Prohibited Activities

You agree not to:
  • Use the Services in violation of any applicable law or regulation
  • Use the Services from a Disqualified Jurisdiction
  • Attempt to circumvent any access restrictions or security measures
  • Engage in market manipulation or fraudulent activity
  • Use automated systems or bots to interact with the Services without authorization
  • Interfere with or disrupt the integrity or performance of the Services

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7. Intellectual Property

All content, features, and functionality of the Services, including but not limited to text, graphics, logos, and software, are the exclusive property of Limora and its licensors and are protected by copyright, trademark, and other intellectual property laws.

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8. Disclaimer of Warranties

THE SERVICES ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS, WITHOUT ANY WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. LIMORA DISCLAIMS ALL WARRANTIES, INCLUDING BUT NOT LIMITED TO:
  • MERCHANTABILITY
  • FITNESS FOR A PARTICULAR PURPOSE
  • NON-INFRINGEMENT
  • ACCURACY OR RELIABILITY OF INFORMATION
  • UNINTERRUPTED OR ERROR-FREE OPERATION

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9. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, LIMORA SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, OR ANY LOSS OF PROFITS OR REVENUES, WHETHER INCURRED DIRECTLY OR INDIRECTLY, OR ANY LOSS OF DATA, USE, GOODWILL, OR OTHER INTANGIBLE LOSSES. IN NO EVENT SHALL LIMORA’S TOTAL LIABILITY EXCEED THE AMOUNT OF FEES PAID BY YOU TO LIMORA IN THE TWELVE (12) MONTHS PRECEDING THE CLAIM.

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10. Indemnification

You agree to indemnify, defend, and hold harmless Limora and its affiliates, officers, directors, employees, and agents from and against any claims, liabilities, damages, losses, and expenses arising out of or in any way connected with:
  • Your access to or use of the Services
  • Your violation of these Terms
  • Your violation of any third-party rights

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11. Dispute Resolution

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Informal Resolution

Before initiating any formal dispute resolution, you agree to first contact us at support@limora.trade to attempt to resolve any dispute informally.

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Binding Arbitration

Any dispute arising out of or relating to these Terms or the Services shall be resolved by binding arbitration administered by a mutually agreed-upon arbitration provider. The arbitration shall be conducted in English.

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Class Action Waiver

YOU AND LIMORA AGREE THAT EACH MAY BRING CLAIMS AGAINST THE OTHER ONLY IN YOUR OR ITS INDIVIDUAL CAPACITY AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS OR REPRESENTATIVE PROCEEDING.

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12. Governing Law

These Terms shall be governed by and construed in accordance with the laws of the British Virgin Islands, without regard to its conflict of law provisions.

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13. Modifications

We reserve the right to modify these Terms at any time. If we make material changes, we will provide notice through the Services or by other means. Your continued use of the Services after such notice constitutes acceptance of the modified Terms.

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14. Severability

If any provision of these Terms is held to be invalid or unenforceable, such provision shall be struck and the remaining provisions shall remain in full force and effect.

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15. Contact Information

If you have any questions about these Terms, please contact us at:
This document is for informational purposes only and does not constitute legal advice. You should consult with a qualified attorney regarding your specific situation.