Terms
Terms of Use for Lead Copy-Traders
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1. Introduction
These Terms of Use (“Lead Copy-Trader Terms”) govern your participation as a Lead Trader in theCopy Trading Service (“Service”) offered by BloFin.com (“BloFin”, “we”, “us”). By applying to become aLead Trader and using the Service, you have read, understood, and agree to be legally bound by theseLead Copy-Trader Terms, including any revisions as may be published by us at any time and from time to time.
You acknowledge that you have also read and understood any additional documents or terms referred toor incorporated into these Launchpad Terms. If you do not understand and accept these Lead Copy-Trader Terms in their entirety, you should cease to apply as a Lead Trader (as defined below).
These Lead Copy-Trader Terms are supplemental to and shall be read together with our Terms of Use(the “Terms of Use”). All terms and clauses contained in the Terms of Use are incorporated by reference unless expressed otherwise. In the event of any conflict or inconsistency between these terms, the order of precedence shall be first the Lead Copy-Trader Terms, and then the Terms of Use.
By accepting these Launchpad Terms, you (i) confirm that you fully understand and unconditionally accept any and all risks associated with your participation in the Launchpad Service; and (ii) explicitly consent to BloFin or its Affiliates using your Digital Assets as described in these Launchpad Terms. BloFin shall not be liable for any associated risks or adverse outcomes.
2. Eligibility Requirements
2.1 To become a Lead Trader, you must:
a) Be at least 18 years old, with full civil rights and civil capacity, and have all the necessary authorities and abilities to understand and execute this Agreement;
b) If you are registering to use the Service on behalf of a legal entity, in order to effectively accept this Agreement, you declare and guarantee that (i) such legal entity is legally established and valid in accordance with applicable laws; (ii) you are duly authorized by the legal entity to have the right to act on their behalf.
c) Have the experience and risk tolerance of using the service, and have the experience and knowledge to invest in non-guaranteed digital currency products;
d) Have the ability to perform operations on the Internet;
e) Acknowledge and agree that you are the legal owner of the Digital Assets you have deposited with the Service and aforesaid Digital Assets are obtained from legitimate sources
f) Acknowledge and agree that this Agreement does not contradict with the laws of the country or region of your residence
g) Have understood and agreed to“BloFin Terms of Use”at https://support.blofin.com/hc/en-us/articles/7296238795279-TERMS-OF-USE , “Risk Disclosure
Statement” at https://support.blofin.com/hc/en-us/articles/7298206673423-RISK-DISCLOSURE-STATEMENT , “Privacy Notice” https://support.blofin.com/hc/en-us/articles/7296173195919-Privacy-Notice, and you are eligible for and not prohibited from using the “Services” defined therein.
2.2 You are aware of and assume the risks of using the Service, which include but not limited to:
a) high price volatility of the Digital Assets and their derivatives could incur severe or total loss in ashort period of time;
b) the insufficiency of Digital Assets deposited as margin or collateral could incur immediateliquidation of your Positions, and you could lose all Digital Assets you have deposited with theService;
c) technology outrage could happen, which may delay or block your use of the Service;
d) market anomaly could happen, which may incur severe or total loss of your Digital Assets.
e) from time to time and at any time, in order to maintain the overall stability of the market, BloFinmay need to add, remove, or change policies. Such action may be in favor or against anindividual User.
2.3 You acknowledge and agree that:
a) You will not use the Service for any illegal purpose such as fraud, money laundering, or terrorism financing.
b) You will not initiate or facilitate any form of market manipulation.
c) You will not act in a manner which is contradictory to this Agreement, the Legal Documents, orother BloFin community values.
3. Application and Approval Process
3.1 Complete BloFin’s application process, including providing accurate information for review and approval. Approval is at BloFin’s sole discretion and may involve a Suitability Assessment.
3.2 BloFin will review your application based on internal policies, including performance thresholds(e.g., minimum assets under management, win rate, or historical returns).
3.3 Upon approval, you may process the trading at the normal interface of the BloFin Platform. If there is any order or trade which is placed after the Lead Trader attaining his/her Lead Trader qualification, any completion of such an order or trade shall trigger a notification sent to any user who has subscribed to Copy Trading Services and chosen to copy or follow the order or trade initiated by the respective Lead Trader, and the user can then copy or follow the order or trade at the market value available to him/her.
3.4 A Lead Trader can access the records of his/her orders and/or trades which have been copied or followed by other user(s) under the Copy Trading Services at the designated portal of the BloFin Platform.
3.5 The designated portal for the Copy Trading Services can show all the orders and transactions happened in a Lead Trader’s account in detail or as a summary. On the BloFin Platform, a LeadTrader can access details of every order or trade, and a brief summary of all the orders and/or trades.
3.6 Upon commencing his/her trading as a Lead Trader, the Lead Trader pre-set the limits of gains or losses for every order or trade to be conducted. To ensure the quality of any order or trade to be copied or followed, regardless of whether there shall be a gain or loss, or no gain or loss, recorded, a Lead Trader is restricted from arbitrarily choosing the market value, and the quantity to be transacted shall be capped at the maximum value of the Digital Assets available at his/her account for the order or trade.
3.7 A Lead Trader shall have certain restrictions on trading its Digital Assets when his/her activitie shave been designated to be copied or followed by other users.
3.8 A Lead Trader has to strictly follow the requirements imposed by BloFin on any order or trade tobe copied under the Copy Trading Services.
4. Profit Sharing
BloFin sets up a profit sharing scheme to incentivize Lead Traders. A Lead Trader obtains a certain percentage of profit sharing from any user subscribing to Copy Trading Services who copy(ies) or follow(s) the Lead Trader's order or trade. Any user who copies or follows such order or trade of a LeadTrader shall be obliged to share certain percentage of his/her gain obtained from such copied or followed order or trade with the Lead Trader.
5. Responsibilities of Lead Traders
5.1. Responsibilities
As a Lead Trader, you must:
(a) Act in good faith, honesty, and professionalism at all times.
(b) Execute trades using BloFin’s standard interface, setting appropriate take-profit/stop-loss limitswhere applicable.
(c) Not publish false, misleading, or defamatory statements about BloFin, other users, or your performance.
(d) Avoid promoting guaranteed profits, stable returns, or risk-free trading.
(e) Ensure your username, profile, and communications do not include personally identifiable information, violate laws, or harm BloFin’s reputation.
(f) Comply with all applicable laws, regulations, and Platform rules, including prohibitions on insider trading, wash trading, or spoofing.
(g) Not engage in prohibited activities, such as:
i) Creating multiple accounts for hedging, cross-trading, or inflating metrics.
ii) Plagiarizing strategies from other Lead Traders.
iii) Intentionally manipulating performance indicators (e.g., holding profitable positions to boost win rates without realization).
iv) Adding external links (e.g., social media) in profiles unless permitted.
v) Conducting trades for external motives or without genuine profit intent.
(h) Monitor and manage risks associated with your strategies, understanding that your actionsdirectly impact Copy Traders (followers).
(i) Allow BloFin to use your username, trading statistics, and performance data for marketing and ranking purposes.
(j) Indemnify and hold BloFin harmless from any losses, claims, or damages arising from your breaches of these Terms or misuse of the Service.
(k) Frequent daily transaction volume: if a Lead Trader has more than a certain amount of orders or transactions in a single day (the 'Daily Transaction Threshold'), any users who wish to follow or copy the Lead Trader's trade or orders shall only be allowed to do so for transactions within theDaily Transaction Threshold.
5.2 Choosing to become a Lead Trader is a user's personal choice, and does not constitute acontractual relationship between a Lead Trader and BloFin as neither employees, partners,i ntermediaries, contractors, etc. Lead Trader understands and confirms that he/she bears all the liabilities, responsibilities and risks that may be involved in becoming a Lead Trader and BloFin does not assume any liability, responsibility, loss, and damages, whether as a direct or indirect consequence as a result of any behaviour of any Lead Trader.
5.3 Lead Trader agrees to abide by all applicable laws and regulations of any applicable jurisdiction.Lead Trader shall bear all the corresponding liabilities and responsibilities for their actions as aLead Trader on BloFin Platform. In addition, a Lead Trader undertakes not to violate the legal rights and interests of any user or any other third party. If BloFin suffers any loss or damage, regardless whether it being direct, indirect, special, consequential in nature, due to any behaviour of any Lead Trader, BloFin has the sole and absolute right to claim against the Lead Trader through any legal or other means.
5.4 As a Lead Trader, you must adhere to the following Risk Management Rules for Trading:-
a) Maliciously carrying orders
Any order that results in a loss for 7 consecutive days and exceeds 30% is determined to be a carry order;Should the proportion of users who are forced to liquidate exceeds a certain percentage out of the total users who follow the corresponding orders, as determined by BloFin from time to time, the order order may be determined as a carry order
b) Maliciously swiping of handling fee
If a Lead Trader with orders frequently opens positions, reaches the maximum number of orders per day for 7 consecutive days, and the transactions result in no obvious profit, and the number of users who copy orders reaches a certain proportion, BloFin may determine such circumstances to be fee-swiping behaviour.
c) Maliciously swiping of profit sharing
If the Follower of a Lead Trader with a single trade always had a low income, but received more profit, BloFin will intervene in the screening and may determine that the user maliciously obtains the profit.
d) Maliciously swipe indicator data
Rate of return: If the rate of return exceeds the normal level and does not match the actual profit, it maybe determined as malicious behaviour.
Winning rate: The user's winning rate has been maintained at a high level for a long time, and theincome is abnormal, and the real trading strength does not match the winning rate, and the user may be determined to have been maliciously brushing the winning rate.
Other malicious behaviors: any other malicious behaviors which violate this Agreement, the LegalDocuments, or applicable laws.
e) Penalties for malicious orders
If a Lead Trader or Follower commits the aforesaid violations, depending on the seriousness of the circumstances, BloFin may, under its absolute sole discretion, assert certain penalties against him/her including, but not limited to, account foreclosure, order withdrawal, freezing of related funds, and restitution of illegally obtained funds.
6. Trading Operations and Restrictions
6.1 Trades are executed at market prices and may be subject to slippage, latency, or minimum order sizes.
6.2 BloFin may cancel, roll back, or close trades if they pose risks, involve fraud, or violate rules.
6.3 BloFin may, under its absolute sole discretion, assert certain penalties against him/her including, but not limited to, account foreclosure, order withdrawal, freezing of related funds, and restitution of illegally obtained funds.
6.4 Certain assets or trading pairs may be restricted during copy trading.
7. Termination
7.1 BloFin reserves the right to terminate your Lead Trader status at any time under its absolute sole discretion if:
i) The service needs to be terminated as required by any applicable laws or regulations ofrelevant jurisdictions;
ii) Due to Force Majeure and/or other unexpected events, BloFin cannot continue to perform and/or offer this Service;
iii) Prohibited trading activities, including (i) manipulative or abusive trading activities, are being conducted or may be reasonably determined to be conducted; (ii) fraudulent of incorrect information has been provided or may be reasonably determined to be provided during the account opening process; or (iii) you have otherwise acted in bad faith.
iv) Other circumstances that BloFin deems necessary to terminate this Service based on market conditions or any other related situations.
7.2 We will take reasonable steps to monitor the performance of every Lead Trader under this LeadCopy-Trader Terms, as well as the performance of the different trading strategies under the LeadCopy-Trader Terms. We reserve the right to suspend, terminate, or disable, including withoutlimitation: (a) any Lead Trader from being followed under the Lead Copy-Trader Terms; and (b)any trading strategy from being followed under the Lead Copy-Trader Terms. In these cases, anyopen trades entered into as a result of Lead Copy-Trader Terms or arising therefrom will beclosed.
7.3 In the event your Lead Trader status is terminated, BloFin may at our sole discretion imposepenalties on you including, but not limited to, account foreclosure, order withdrawal, freezing ofrelated funds, and restitution of illegally obtained funds for any reason whatsoever.
7.4 We reserve the right to terminate the Lead Copy-Trader Terms at our absolute sole discretion, including without limitation, if you no longer meet the criteria to be classified as a Lead Trader and we feel that you are no longer appropriate to participate in the Lead Copy-Trader Terms, or it is not feasible to let you be a Lead Trader as a result of any Applicable Laws.
7.5 If BloFin announces the early termination of this Lead Copy-Trader Terms, we shall use our besten deavour to notify you, but we are not under any obligations to do so.
8.Indemnification and Liability
8.1.You shall take each and every possible step to protect BloFin and its affiliates from any damages or Losses arising from your use of the Service or other actions related to your BloFin account; otherwise you shall be liable to BloFin for any and all Losses.
8.2 You hereby agree to release BloFin and its affiliates from liability for any and all Losses, and you hereby agree to defend, indemnify and hold BloFin and its affiliates harmless from any claim or
demand (including reasonable legal fees) made or incurred by any third party against BloFin arising from or arising out of your breach of these Lead Copy-Trader Terms, your improper use of this Service, your violation of any laws or regulations of applicable jurisdiction(s) or the rights of a third party and/or the actions or inactions of any third party to whom you may grant permission to use your BloFin account or access our website, software, and/or system for BloFin (including any network and servers used to provide any of this Service) operated by us or on our behalf, or any of these Services on your behalf.
9. No Business, Legal, Financial or Tax Advice
The Lead Trader acknowledges and agrees that no information provided by BloFin, not with standing whether included in these Lead Copy-Trader Terms or any other document or statement, shall be deemed as business, legal, financial or tax advice. The Lead Trader may and should consult their own business, legal, financial or tax advisers regarding especially, inter alia, the Lead Trader’s particular opportunities, risks, obligations or further costs arising from the reception of and in connection with DigitalAssets under this Service. BloFin is not your broker, dealer, agent or consultant. The Lead Trader acknowledges and agrees that for any transactions or other decisions or activities through which you use any BloFin Services, BloFin does not have a fiduciary relationship with or fiduciary duty towards you. No communication or information provided by BloFin to you, notwithstanding whether included in theseTerms or any other document or statement, shall be deemed, considered or interpreted as investment, business, legal, financial, tax, trading, or any other type of advice. You shall determine whether any investment, investment strategy or related transaction is appropriate for you based on your personal investment objectives, financial condition and risk tolerance, and you shall be solely responsible for any and all Losses or liabilities. You should consult your own business, legal, financial or tax advisors regarding especially, inter alia, your particular opportunities, risks, obligations or further costs arising from using this Service. BloFin does not make any recommendations to you regarding whether to buy, acquire, sell, transfer or hold any Digital Assets. Before making a decision to buy, sell, transfer or hold any DigitalAssets, you shall conduct due diligence and consult your financial advisor. BloFin shall not be responsible for your decision to buy, sell, transfer or hold digital assets based on the information provided by BloFin.
10. Third Party Website Disclaimer
Any links of third-party websites in BloFin Services do not mean that BloFin endorses any products,services, information and disclaimers provided therein, and BloFin does not guarantee the accuracy of theinformation contained therein. BloFin shall not be liable for any losses caused by your use of such third-party products and services. In addition, BloFin has no control over the terms or privacy policies of third-party websites. If you use this Service, you acknowledge and agree that you know, understand and agreeto all the terms of service, privacy policy (or policies) and relevant transactional and operational rules (asamended from time to time) of the third-party websites. BloFin and each third-party website areindependent legal entities, and this Agreement shall not constitute any form of agency, partnership orcooperative relationship between the parties. BloFin and each third-party websites shall be responsible for their respective claims, debts and disputes arising from the performance of their respective contracts and agreements.
10. Governing Law and Dispute Resolution
10.1 You acknowledge and agree that in the event of any dispute, controversy, difference or claim, including the existence, validity, interpretation, performance, breach or termination of these LeadCopy-Trader Terms or any dispute arising out of or relating to these Lead Copy-Trader Term,
shall be referred to and finally resolved by arbitration administered by the HKIAC under theHKIAC Administered Arbitration Rules in force when the Notice of Arbitration is submitted. The law of this arbitration clause shall be the laws of the Hong Kong Special Administrative Region ofPeople’s Republic of China (“Hong Kong”).
10.2 You agree that the seat of arbitration shall be Hong Kong. The number of arbitrators shall be three (3). BloFin shall appoint one (1) arbitrator and you shall appoint (1) arbitrator. The third arbitrator shall be appointed by the Chairman of the HKIAC. Such arbitrators shall be freely selected and the parties shall not be limited in their selection to any prescribed list. The arbitration proceedings shall be conducted in English.
10.3 You agree that BloFin shall not be required to give general discovery of documents, but may be required only to product specific, identified documents which are relevant and material to the outcome of the dispute.
10.4 Any arbitral award shall be final and binding upon the parties hereto and shall be enforceable in any competent court which has jurisdiction.
