1 Futures (the "Service") is a derivative trading product launched by Astral. Astral is responsible for the design and management of the product and the operation of the trading platform.
In order to use Astral's futures, you must carefully read and fully understand the terms and conditions and choose to accept or not accept this Term. Unless you have read and accepted all of the terms and conditions of this Term, you are not authorized to use Astral's futures and their corresponding services. Your acceptance of this Term, and your use of the Service, shall be deemed that you have read and agreed to be bound by this Term.
2 Eligibility to Use the Service
2.1 You understand and acknowledge that.
2.1.1 You have agreed to abide by the Astral Terms of Service and that you are eligible for and not prohibited from using the Service as defined therein.
2.1.2 This Term is not in conflict with the laws of your country or region.
2.1.3 That you are the legal owner of the Virtual Assets deposited on the Service and that you warrant that the source of such Virtual Assets is legal.
2.1.4 This trading instrument can achieve great profit, but at the same time it comes with great risks and is not suitable for all investors. You should carefully consider your investment objectives, level of experience and risk appetite before deciding to trade this instrument. You should be aware of all the risks associated with trading this instrument and seek the advice of an independent financial advisor if you are in any doubt. Opinions, news, research, analysis, prices or other information on this website or any links to this website are intended as general market commentary only and do not represent any investment advice and we accept no liability for any loss or damage.
2.2 You understand the risks of using the Service, including but not limited to.
2.2.1 High price fluctuations in crypto assets and their derivatives, which may result in significant or total losses within a short period of time.
2.2.2 Insufficient crypto assets deposited as margin may result in an immediate forced reduction of your position and you may lose all virtual assets deposited with the Service.
2.2.3 Technical anomalies may occur, which may delay or prevent you from using the Service.
2.2.4 Market anomalies may occur, which may result in the loss of your virtual assets.
2.2.5 In order to maintain the overall health of the Marketplace, Astral needs to add, remove or change policies from time to time. Such actions may benefit or harm individual customers like you.
2.3 You acknowledge that.
2.3.1 You will not use the Service for any unlawful purpose.
2.3.2 You will not initiate or promote any form of market manipulation.
3 Use of the Service
3.1 The Service provides you with real-time market depth and other information. You may view or download the information for your own analysis.
3.2 You can place trade orders via web, client, api, etc. You can not cancel or modify an order once it has been executed.
3.3 When you place an order to open a position and it is filled, you will create a position in the corresponding contract. When you place an order to close a position and it is filled, the corresponding number of positions will be deducted from the positions you hold. This service will provide you with real-time information about your positions and the value of your virtual assets and their derivatives.
4 Limitation of Liability
4.1 Astral may change its policies or implement emergency rules from time to time at its sole discretion in order to comply with changes in law or regulation, or to maintain the overall health of the market. Such changes or implementation may result in temporary inability to access the Service, apportionment from your account, immediate liquidation of certain of your positions, or interruption of other services. Astral shall not be liable to you for any such losses.
4.2 Astral shall not be liable for damages in the event that the System Platform is not functioning properly and you are unable to use each of the Services or to place a normal order due to any of the following conditions, including but not limited to.
4.2.1 Periods of system downtime announced by Astral Platform for maintenance.
4.2.2 Where data transmission is not possible due to a failure of telecommunications equipment.
4.2.3 The inability to perform services due to force majeure factors such as typhoons, earthquakes, tsunamis, floods, power outages, wars, terrorist attacks, etc., resulting in system impairment of the Astral Platform.
4.2.4 Service interruptions or delays due to hacker attacks, computer virus intrusion or attacks, technical adjustments or failures of telecommunication departments, website upgrades, problems in banking, temporary closures due to government controls and other reasons affecting normal network operations.
4.2.5 Losses caused by technical problems that can not be predicted or solved by the existing technical forces of the industry.
4.2.6 Losses caused by you or other third parties due to the fault or delay of third parties.
4.3 Astral reserves the right to cancel transactions or roll back transactions for a certain period of time as the case may be due to system failure, network reasons, DDos and other hacking attacks and other unforeseen factors not attributable to Astral that may result in abnormal transactions, interruption of quotes, and other possible abnormalities. Astral shall not be liable to you for the above losses.
4.4 You understand that technical problems may occur unexpectedly. Astral shall not be liable for any losses arising from technical problems, including but not limited to.
4.4.1 Failure, delay, interruption or other failure of connection to the Service.
4.4.2 Stoppage, slowness, unresponsiveness or other failure of the Service due to overload.
4.4.3 Failures due to the inability of the Service to properly obtain the necessary data from third parties via the Internet.
4.5 Astral strictly prohibits unfair trade practices. Astral reserves the right, at its sole discretion, to impose a takeover of control of your account if you engage in any of the following.
4.5.1 Engage in price manipulation, insider trading, market manipulation, market distortion or any other malicious market practice.
4.5.2 May harm other users or Astral by exploiting loopholes in the Service or by other unreasonable means.
4.5.3 Engage in any other activity that Astral deems harmful to the Market.
In order to eliminate any adverse impact on the overall health of the Marketplace, Astral reserves the right to take the following measures, including, but not limited to, closing your account, restricting, suspending and cancelling transactions, rolling back transactions, and/or returning the digital assets associated with transactions to the complaining party. In no event will Astral be liable for any damages incurred by you as a result of taking such measures.