11.2 Definitions
Key terms and their meanings as used throughout these Terms of Use.
§Member and Trade Definitions
Verified Member - A user who has successfully completed all three layers of verification: KYC, Enhanced Due Diligence (bank statement review), and the online questionnaire.
Trade - A peer-to-peer transaction between a Verified Member seller and a Verified Member buyer, facilitated by the Platform's escrow smart contract.
Escrow Contract - A self-executing smart contract deployed on a public blockchain that holds the seller's crypto until the trade is confirmed or resolved.
Membership Plan - A monthly subscription (Starter, Trader, or Pro) that grants trading access and defines monthly volume limits.
§Technical and Fund Definitions
Member Protection Fund ("the Fund") - A voluntary, discretionary benefit pool funded by 0.75% of every completed trade, held in a separate on-chain contract. Not an insurance product.
UTR - Unique Transaction Reference number issued by NPCI for every UPI, IMPS, or NEFT payment.
DID - Decentralised Identifier created via Hyperledger Identus on behalf of each Verified Member to hold their verifiable credentials.
STILL NEED HELP?
Our support team is available 24/7 for urgent disputes or verification issues.