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TERMS OF SERVICE

Effective Date: March 20, 2026
Last Updated: March 20, 2026

1. Acceptance of Terms

By accessing or using Scennyx (the "Service"), you agree to be bound by these Terms of Service ("Terms"). If you do not agree to these Terms, do not use the Service.

These Terms constitute a legally binding agreement between you and Scennyx ("we," "us," or "our").

By checking the acceptance boxes and clicking 'Accept' during account registration, you acknowledge that you have read, understood, and expressly agree to be legally bound by these Terms, our Privacy Policy, and Risk Disclosure. This electronic acceptance constitutes a valid and binding signature under the DIFC Law No. 6 of 2006 (Electronic Transactions Law) and applicable laws of the Dubai International Financial Centre.

You agree to defend, indemnify, and hold harmless Scennyx, its operators, licensors, and developers from any claims, losses, damages, liabilities, costs, and expenses (including reasonable attorney's fees) arising from: (a) your use of the Service; (b) your violation of these Terms; (c) your violation of any applicable law or regulation; or (d) any third-party claims related to your trading or investment decisions.

2. Description of Service

Scennyx is an educational cryptocurrency options calculator that provides:

  • Options pricing calculations using mathematical models (Black-Scholes and similar)
  • Greeks analysis (Delta, Gamma, Theta, Vega, Rho)
  • Profit/loss visualization for various options strategies
  • Risk/reward ratio calculations
  • Statistical target price illustrations derived from historical volatility (ATR)
  • Strategy saving functionality (subscription required)

Available Assets: BTC, ETH, SOL, XRP, BNB, DOGE, and other supported cryptocurrencies.

3. Eligibility & Account Registration

3.1 Age Requirement

You must be at least 18 years of age to use this Service. By agreeing to these Terms, you represent and warrant that you meet this age requirement.

3.2 Wallet Authentication

Account registration is performed through Web3 wallet connection using Reown (WalletConnect). You are responsible for:

  • Maintaining the security of your wallet and private keys
  • All activities that occur under your wallet address
  • Ensuring your wallet is compatible with the Service

We do not have access to your private keys or seed phrases.

3.3 Prohibited Jurisdictions

You may not use this Service if you are located in, or a resident of:

  • Countries subject to applicable international sanctions, including those imposed by the United Nations, the United States, or the United Arab Emirates (including but not limited to Iran, North Korea, Syria, Cuba, Crimea)
  • Any jurisdiction where your use of this Service would be unlawful under local laws or regulations
  • Any jurisdiction where your use of the Service would violate local laws or regulations

By using the Service, you represent that you are not located in any prohibited jurisdiction and will comply with all applicable laws.

By using the Service, you represent and warrant that you are legally permitted to access and use analytical tools related to derivatives and cryptocurrency markets in your jurisdiction, and that you are not a person to whom the provision of such tools would be unlawful.

4. Subscription Plans & Pricing

4.1 Available Plans

Free Plan ($0/month):
Limited calculator access with basic features
Basic Plan ($0/month):
Full calculator access, Save up to 5 strategies
Pro Plan ($14.90/month):
Full calculator access with advanced features, Save up to 20 strategies, target analysis, statistical illustrations

4.2 Pricing

All prices are listed in U.S. Dollars (USD) equivalent in cryptocurrency. Actual cryptocurrency amount may vary based on exchange rates at the time of payment.

4.3 Subscription Period

Subscriptions are valid for 30 days from the date of purchase. There is no automatic renewal. You must manually renew your subscription after expiration.

4.4 Feature Limitations

Free Plan:
Access to basic calculator features only
Basic Plan:
Save up to 5 strategies
Pro Plan:
Save up to 20 strategies, access to all advanced features

If your subscription expires, your saved strategies will be retained for 12 months but will be inaccessible until you renew your subscription.

5. Payment Terms

5.1 Payment Method

Payments are processed through NowPayments using cryptocurrency. Accepted cryptocurrencies may include BTC, ETH, USDT, and others as specified at checkout.

5.2 Payment Processing

  • All payments are processed by NowPayments, a third-party payment processor
  • You are responsible for any blockchain transaction fees (gas fees, network fees)
  • Payments are considered complete after blockchain confirmation
  • Subscription activation may take up to 30 minutes after payment confirmation

5.3 Failed Payments

If a payment fails due to insufficient funds, incorrect wallet address, or other technical issues, you will not receive subscription access. Contact [email protected] for assistance.

6. No Refunds Policy

ALL PAYMENTS ARE FINAL AND NON-REFUNDABLE.

Due to the irreversible nature of cryptocurrency transactions, we cannot offer refunds except in the following circumstances:

Technical Issues:
If you experience service downtime or technical issues preventing access for more than 72 consecutive hours, verified by our team
Duplicate Charges:
If you are accidentally charged twice for the same subscription period
Service Error:
If we incorrectly process your subscription tier

If you believe you qualify for an exception, contact [email protected] with your transaction ID and detailed explanation.

7. Prohibited Uses

You agree NOT to use the Service for any of the following:

Illegal Activities:
Any purpose that violates applicable laws or regulations
Market Manipulation:
Using calculations to engage in fraudulent trading practices
Automated Access:
Using bots, scrapers, or automated tools to access the Service
Reverse Engineering:
Attempting to reverse engineer, decompile, or extract source code
Resale:
Reselling, redistributing, or sublicensing access to the Service
Account Sharing:
Sharing your wallet authentication with others
Malicious Activity:
Introducing viruses, malware, or attempting to gain unauthorized access
False Information:
Providing false or misleading information to the Service

Violation of these prohibitions may result in immediate termination of your access.

8. Disclaimers & Risk Disclosure

8.1 Educational Purpose Only

SCENNYX IS AN EDUCATIONAL VISUALIZATION TOOL, NOT A BROKER OR FINANCIAL ADVISOR.

  • We do not provide financial advice, investment recommendations, or trading signals
  • All calculations are based on mathematical models and user-provided inputs
  • We do not execute trades, hold funds, or act as a financial intermediary

Regulatory Status: This Service is not licensed or regulated as a financial services provider, investment advisor, or broker-dealer under any jurisdiction. You are solely responsible for ensuring that your use of this Service complies with all applicable financial regulations in your jurisdiction.

8.2 No Guarantee of Accuracy

WE DO NOT GUARANTEE THE ACCURACY, COMPLETENESS, OR RELIABILITY OF ANY CALCULATIONS, DATA, OR INFORMATION PROVIDED BY THE SERVICE.

  • Options pricing models are theoretical and may not reflect actual market prices
  • Greeks calculations are estimates based on mathematical formulas
  • Statistical illustrations are derived from historical volatility data and do not predict future price movements
  • Market conditions, liquidity, and other factors can cause actual results to differ significantly

8.3 High-Risk Nature of Cryptocurrency Options

CRYPTOCURRENCY OPTIONS ARE HIGH-RISK DERIVATIVE INSTRUMENTS.

  • Losses can exceed your initial investment
  • Options can expire worthless, resulting in 100% loss of premium paid
  • Cryptocurrency markets are highly volatile and unpredictable
  • Past performance is not indicative of future results
  • Leverage amplifies both gains and losses

8.4 No Endorsement

Reference to specific options strategies, cryptocurrencies, or trading approaches does not constitute an endorsement or recommendation.

8.5 Your Responsibility

ALL TRADING AND INVESTMENT DECISIONS ARE YOURS ALONE.

  • You are solely responsible for evaluating the suitability of any trade
  • You should conduct your own research (DYOR) before making any financial decisions
  • You should consult with a qualified financial advisor before trading options
  • You acknowledge and accept all risks associated with cryptocurrency options trading

8.6 No Reliance on Platform Outputs

You acknowledge and agree that you do not rely on any calculations, visualizations, statistical illustrations, Greeks analysis, or other outputs provided by the Platform as the primary or sole basis for making any trading or investment decisions. All outputs are educational tools only and must be independently verified and evaluated in the context of your own research, analysis, and professional advice.

8.7 Risk Disclosure Document

By using this Service, you acknowledge that you have read and understood our Risk Disclosure document available at the Risk Disclosure page.

8.8 Tax Responsibility

You are solely responsible for determining, reporting, and paying any taxes arising from your use of the Service, subscription payments, or any trading activities based on calculations provided. We do not provide tax advice or reporting services. Tax treatment of cryptocurrency transactions varies by jurisdiction. Consult a qualified tax professional regarding your specific situation.

9. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW:

9.1 No Liability for Trading Losses

WE ARE NOT LIABLE FOR ANY TRADING LOSSES, INVESTMENT LOSSES, OR FINANCIAL DAMAGES RESULTING FROM:

  • Your use of the Service or reliance on calculations provided
  • Inaccurate data, calculations, or information
  • Service downtime, errors, or technical malfunctions
  • Third-party services (exchanges, wallets, payment processors)

9.2 Maximum Liability Cap

OUR TOTAL LIABILITY TO YOU FOR ANY CLAIMS ARISING FROM THESE TERMS OR USE OF THE SERVICE SHALL NOT EXCEED THE AMOUNT YOU PAID FOR YOUR SUBSCRIPTION IN THE 12 MONTHS PRECEDING THE CLAIM.

9.3 Exclusion of Damages

WE SHALL NOT BE LIABLE FOR:

  • Indirect, incidental, consequential, or punitive damages
  • Loss of profits, revenue, data, or business opportunities
  • Emotional distress or reputational harm

9.4 Third-Party Actions

We are not responsible for the actions or failures of third-party services including:

  • Reown (wallet connection)
  • NowPayments (payment processing)
  • Cryptocurrency exchanges
  • Blockchain networks
  • Your wallet provider
  • Our licensors and developers

10. Intellectual Property

10.1 Our Rights

All content, features, functionality, source code, algorithms, and design of the Service are owned by Scennyx and are protected by international copyright, trademark, and intellectual property laws.

You are granted a limited, non-exclusive, non-transferable, revocable license to access and use the Service solely for personal, non-commercial purposes in accordance with these Terms.

10.2 Restrictions

You may not:

  • Copy, modify, or create derivative works of the Service
  • Use our name, logo, or trademarks without written permission
  • Remove or alter any copyright notices or proprietary markings
  • Claim ownership of any part of the Service

10.3 Feedback

If you provide suggestions, feedback, or ideas about the Service, we may use them without any obligation to you.

11. User-Generated Content (Saved Strategies)

11.1 Your Strategies

You retain ownership of the options strategies you create and save within the Service.

11.2 Storage & Access

  • Saved strategies are associated with your wallet address
  • Strategies are stored securely in our database
  • You can access, modify, or delete your saved strategies at any time while your subscription is active
  • Saved strategies become inaccessible (but not deleted) if your subscription expires
  • Strategies are automatically deleted 12 months after subscription expiration

11.3 No Sharing

Saved strategies are private and not visible to other users. We do not share, sell, or use your saved strategies for any purpose other than providing the Service to you.

11.4 Inactive Account Data Removal

We reserve the right to delete saved strategies associated with accounts that have been inactive for 180 consecutive days. For the purposes of this section, "inactive" means no successful login to the Service. Account profiles and consent records will not be deleted under this policy. By agreeing to these Terms, you acknowledge and accept this data retention practice.

12. Termination

12.1 By You

You may stop using the Service at any time. Your subscription will remain active until its expiration date. No partial refunds are provided for unused subscription time. Subscriptions are non-cancellable mid-period and non-transferable. Your access continues until the subscription expiration date regardless of actual usage.

12.2 By Us

We reserve the right to suspend or terminate your access immediately, without notice or liability, for any reason including:

  • Violation of these Terms
  • Fraudulent or illegal activity
  • Payment disputes or chargebacks
  • Abusive or harmful behavior
  • Security concerns

12.3 Effect of Termination

Upon termination:

  • Your right to access the Service immediately ceases
  • Your saved strategies become inaccessible
  • You remain liable for any outstanding payment obligations
  • Sections of these Terms that by their nature should survive termination will continue to apply

13. Account Deletion

To request deletion of your account and associated data, contact us at [email protected]. We will process your request within 30 days. Please note:

  • Account deletion is permanent and cannot be undone
  • All saved strategies will be deleted
  • No refunds will be provided for remaining subscription time

14. Service Availability

14.1 No Guarantee of Uptime

We strive to provide continuous Service availability but do not guarantee uninterrupted access. The Service may be unavailable due to:

  • Scheduled maintenance
  • Technical issues or server problems
  • Third-party service failures
  • Network disruptions
  • Force majeure events (including but not limited to: natural disasters, extreme weather events, war, terrorism, government actions, blockchain network failures, exchange outages, DDoS attacks, cyberattacks, or other events beyond our reasonable control)

14.2 Service Modifications

We reserve the right to modify, suspend, or discontinue any part of the Service at any time with or without notice. We are not liable for any modification, suspension, or discontinuation.

15. Changes to These Terms

We may update these Terms from time to time. Changes will be posted on this page with an updated "Last Updated" date. Material changes will be communicated via prominent notice on the Service when you log in.

Continued use of the Service after changes constitutes acceptance of the updated Terms. If you do not agree to the new Terms, you must stop using the Service.

16. Governing Law & Dispute Resolution

16.1 Governing Law

These Terms are governed by and construed in accordance with the laws of the Dubai International Financial Centre (DIFC), United Arab Emirates, without regard to conflict of law principles.

16.2 Binding Arbitration

Any dispute, controversy, or claim arising out of or relating to these Terms or the Service shall be resolved through binding arbitration, rather than in court, except as provided below.

Arbitration shall be conducted online in accordance with the rules of the Dubai International Arbitration Centre (DIAC) under their Arbitration Rules. The arbitration shall be conducted in English.

You and Scennyx agree to resolve disputes on an individual basis only. Arbitration proceedings will be conducted remotely via video conference or telephone, and no in-person appearance is required unless both parties agree.

Note for EU Users: If you are a consumer residing in the European Union, this arbitration clause does not apply where prohibited by applicable consumer protection laws. EU users retain their statutory rights under Directive 93/13/EEC and may bring claims in their local courts.

16.3 Exceptions to Arbitration

The following disputes are not subject to arbitration and may be brought in court:

  • Claims for injunctive relief or specific performance
  • Intellectual property disputes (trademark, copyright infringement)
  • Claims that qualify for small claims court (if within jurisdictional limits)

16.4 Class Action Waiver

YOU AGREE TO WAIVE ANY RIGHT TO PARTICIPATE IN A CLASS ACTION LAWSUIT OR CLASS-WIDE ARBITRATION.

All disputes must be brought in an individual capacity only. You may not bring claims as a plaintiff or class member in any class, consolidated, or representative action.

16.5 Arbitration Costs

Arbitration filing fees and administrative costs shall be allocated in accordance with the DIAC Arbitration Rules in effect at the time of the dispute. If you prevail in arbitration and the arbitrator determines that your claim was brought in good faith, we will reimburse your filing fees.

16.6 Opt-Out Right

You have the right to opt out of this arbitration agreement within 30 days of first accepting these Terms by sending written notice to [email protected] with the subject line "Arbitration Opt-Out" and including your wallet address. For purposes of calculating the 30-day opt-out period, the date of first acceptance is recorded at the time you complete the registration process and is available upon request by contacting [email protected]. If you opt out, all disputes will be resolved in the DIFC Courts, Dubai, United Arab Emirates.

17. Severability

If any provision of these Terms is found to be unenforceable or invalid, that provision will be limited or eliminated to the minimum extent necessary, and the remaining provisions will remain in full force and effect.

18. Entire Agreement

These Terms, together with our Privacy Policy and Risk Disclosure, constitute the entire agreement between you and Scennyx regarding the Service and supersede all prior agreements and understandings.

19. No Waiver

Our failure to enforce any right or provision of these Terms will not be considered a waiver of those rights.

20. Assignment

You may not assign or transfer these Terms or your rights under them without our prior written consent. We may assign or transfer these Terms without restriction.

21. Contact Information

For questions, concerns, or support regarding these Terms or the Service:

Email: [email protected]

For legal notices, arbitration opt-out requests, and formal correspondence, please use the subject line indicating the nature of your inquiry. All legal notices become effective upon our written acknowledgment.

Website: https://scennyx.com

By using Scennyx, you acknowledge that you have read, understood, and agree to be bound by these Terms of Service and our Privacy Policy.

© Scennyx, 2026. All rights reserved.

Scennyx
Scennyx is an educational visualization tool, not a broker or financial advisor. Calculations are based on mathematical models and user-provided data; we do not guarantee accuracy. Crypto options are high-risk derivatives; losses can exceed initial investment. Past performance is not indicative of future results. All trading decisions are yours alone. Always DYOR.
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