Terms
The terms of participation, in plain language.
The terms of participation in clear, exact language — no buried clauses, no implied guarantees.
These terms describe what it means to take part in Veraq: how participation works, what is written to the open record, and what you can and cannot expect from it. They are written to be read in full, in plain language. Nothing important is buried, and nothing here implies an outcome we cannot deliver.
What follows is a plain-language outline of each section, so you can see the shape of the agreement before reading the formal text. Where the wording carries legal weight, it stays exact rather than friendly. The binding version always governs.
The binding terms are being drafted and reviewed with legal counsel and are not yet final. This page summarises what each section will cover; it is not the agreement itself, and the wording will change before it takes effect.
What each section covers
Who may participate
Eligibility in plain terms: the minimum age, the jurisdictions where Veraq is available, and the identity and eligibility checks a participant completes before joining a wave. Availability differs by market and is stated, not assumed.
How participation works
Participation runs in waves. The mechanism that decides each wave is committed to the open record before it begins and is provable after. Your participation, and its outcome, are written to that record.
No guaranteed outcomes
Veraq is shared opportunity, not a promised result. No outcome, gain, or financial result is guaranteed to any participant. The mechanism is open to check; the outcome of any single wave is not something we promise.
The defined share and causes
A defined share of every outcome is allocated automatically to verified, participant-chosen causes, and each contribution is written to the open record. This section explains how the share is set and how causes are verified.
Acceptable use
What participants agree not to do: misuse accounts, attempt to manipulate a wave or the open record, or take part where they are not eligible. Conduct that undermines the integrity of the record is out of bounds.
Liability and disputes
The limits of Veraq’s responsibility, how a dispute is raised and handled, and the governing law and venue. These clauses are drafted with counsel and stated plainly once final.
No guaranteed outcomes
This is the term that matters most, so it is stated on its own. Taking part in a wave does not entitle you to any particular outcome. Veraq makes no promise of a financial result, and no part of participation should be treated as an investment or a path to assured gain.
What Veraq does commit to is legibility. The mechanism is published before each wave and provable after, and every participation, outcome, and contribution is recorded openly. You are asked to take part on terms you can see and check — not on a promise about how a wave will turn out.
Terms used here
- Wave
- A defined round of participation. The mechanism that decides a wave is committed to the open record before the wave begins and provable after it ends.
- Outcome
- The recorded result of a wave for a participant, written to the open record. An outcome is reported, never promised in advance.
- Defined share
- The published, consistent portion of every outcome allocated automatically to verified, participant-chosen causes.
- Open record
- The auditable record to which every participation, outcome, and contribution is written, so a wave can be verified end to end.
- Commit-reveal mechanism
- The published selection method (commit-reveal-v1), committed before a wave and verifiable after, so the deciding process is inspectable rather than hidden.
Changes to these terms
These terms will be versioned, dated, and kept in a visible history, so any change can be seen rather than discovered. When the binding text changes in a way that affects participants, the change is announced and the prior version remains on record.
Until the final text is published, treat this page as a description of intent. If you have a question before then, the legal team can be reached through the Legal hub, and Responsible Participation sets out, in the same plain register, what to expect from taking part.
You should not have to take the terms on faith. When they are final, they are written to be read, dated to be checked, and kept on record like everything else.