Asterias

Terms of Use

Effective date: August 15, 2026  ·  Last updated: August 15, 2026

Please read these Terms carefully. By accessing or using Asterias you agree to be bound by them. If you do not agree, do not use the platform.

  1. Introduction
  2. The Platform
  3. Restricted Jurisdictions
  4. Eligibility & Representations
  5. Your Responsibilities & Prohibited Conduct
  6. Wallet & Keys
  7. Escrow & Bet Settlement
  8. Intellectual Property
  9. Third-Party Services
  10. Indemnification
  11. Disclaimers & Limitations of Liability
  12. Governing Law & Dispute Resolution
  13. Arbitration Agreement & Class Action Waiver
  14. Modifications
  15. General Terms
  16. Contact

1. Introduction

These Terms of Use ("Terms") govern your access to and use of the Asterias platform, website, interfaces, and all associated features (collectively, the "Platform"), operated by Asterias ("we," "us," or "our"). By accessing, interacting with, or using the Platform — including by generating a cryptographic identity, connecting a wallet, placing a bet, sending messages, or otherwise creating an identifier — you represent that you have read, understood, and agree to be bound by these Terms and our Privacy Policy.

If you do not agree to all of the Terms, you are not authorised to access or use the Platform.

USE OF THE PLATFORM FOR BETTING OR TRADING IS NOT PERMITTED BY PERSONS OR ENTITIES WHO RESIDE IN, ARE LOCATED IN, ARE CITIZENS OF, ARE INCORPORATED IN, OR HAVE THEIR PRINCIPAL PLACE OF BUSINESS IN ANY RESTRICTED JURISDICTION AS DEFINED IN SECTION 3. THERE ARE NO EXCEPTIONS. USE OF A VPN OR ANY SIMILAR TOOL TO CIRCUMVENT THESE RESTRICTIONS IS STRICTLY PROHIBITED.

2. The Platform

Asterias is a privacy-preserving prediction market and peer-to-peer betting platform that uses end-to-end encrypted messaging and Monero (XMR) for all financial transactions. The Platform consists of:

  • Messaging Interface — encrypted peer-to-peer communication secured with post-quantum cryptography (PQXDH + Double Ratchet).
  • Prediction Markets — event-based contracts displayed for informational purposes and available for betting by eligible users.
  • Betting & Escrow — a peer-to-peer bet negotiation system where funds are locked in 2-of-3 Monero multisignature escrow (user A + user B + Asterias oracle). No party can unilaterally access escrowed funds.
  • Oracle — the Asterias oracle holds one key of the 2-of-3 multisig and countersigns settlement transactions once an event result is confirmed. The oracle does not custody your funds and cannot spend escrow without a co-signature from one of the betting parties.

We do not operate a centralised exchange, broker, or custodial wallet. We do not have access to your private keys, backup key, or Monero wallet at any time. All transactions are initiated by you and broadcast to the Monero network by you.

Pricing and probability information displayed on the Platform is for informational purposes only and does not constitute an offer, solicitation, or advice to enter into any transaction.

3. Restricted Jurisdictions

The following persons are Restricted Persons and are strictly prohibited from accessing the betting and escrow features of the Platform:

  • Persons or entities residing in, located in, organised under the laws of, or having a principal place of business in any of the following jurisdictions ("Restricted Jurisdictions"):
  • United States of America (and all territories)
  • Australia
  • Belgium
  • France
  • Germany
  • Hungary
  • Ireland
  • Italy
  • The Netherlands
  • New Zealand
  • Poland
  • Russia
  • Singapore
  • Slovakia
  • Slovenia
  • Taiwan
  • Thailand
  • United Kingdom
  • Any jurisdiction subject to comprehensive economic sanctions by the United Nations, the United States (OFAC), the European Union, or the United Kingdom, including but not limited to: Iran, Syria, Cuba, North Korea, Belarus, and the Crimea, Donetsk, and Luhansk regions of Ukraine.
  • Any other jurisdiction where participation in prediction markets, peer-to-peer betting, or use of privacy-preserving cryptocurrencies such as Monero is prohibited by applicable law.

Restricted Persons include any individual or entity acting on behalf of, directed by, or controlled by a Restricted Person.

No exceptions apply. If you are a Restricted Person, you may browse publicly available informational content on the Platform but you must not create an identity, place bets, participate in escrow, or otherwise use the betting features.

We reserve the right to update the list of Restricted Jurisdictions at any time without notice. It is your responsibility to monitor this page for changes.

Use of a Virtual Private Network (VPN), proxy, or any other tool to circumvent these geographic restrictions is strictly prohibited and constitutes a material breach of these Terms. We reserve the right, in our sole discretion, to terminate access for any user we reasonably believe is circumventing restrictions.

4. Eligibility & Representations

As a condition of accessing or using the Platform, you represent and warrant that:

  • Age. You are at least 18 years of age (or the age of majority in your jurisdiction, if higher).
  • Legal authority. If acting on behalf of an entity, you have authority to bind that entity to these Terms.
  • Not a Restricted Person. You are not a Restricted Person and are not accessing the Platform on behalf of one.
  • Sanctions compliance. You are not listed on any sanctions list maintained by OFAC, the UN Security Council, the EU, the UK, or any other relevant authority, and you are not located in a comprehensively sanctioned country or territory.
  • Applicable law. Your use of the Platform does not violate any domestic or foreign law, regulation, or order applicable to you.
  • No VPN circumvention. You are not using a VPN or similar tool to circumvent geographic restrictions.
  • Financial sophistication. You understand the risks of peer-to-peer prediction markets, Monero transactions, multisignature escrow, and cryptocurrency volatility. You have sought independent professional advice where appropriate.
  • Tax responsibility. You are solely responsible for determining and fulfilling any tax obligations arising from your use of the Platform.

5. Your Responsibilities & Prohibited Conduct

You agree to use the Platform only in an authorised, lawful, and appropriate manner. You agree that you will not:

  • Violate any applicable law or regulation;
  • Engage in market manipulation, wash trading, spoofing, front-running, or any other disruptive or fraudulent trading practice;
  • Place bets based on material non-public information relating to an event outcome;
  • Collude with other users to manipulate event markets or bet prices;
  • Use the Platform to launder money or finance terrorist or criminal activity;
  • Attempt to gain unauthorised access to any part of the Platform, relay infrastructure, or oracle;
  • Introduce malicious code, conduct denial-of-service attacks, or otherwise interfere with the Platform's operation;
  • Use automated bots, scrapers, or data extraction tools without our prior written consent;
  • Circumvent geographic restrictions using VPNs or proxies;
  • Reverse-engineer, decompile, or disassemble any part of the Platform except as permitted by applicable law;
  • Harass, threaten, or harm other users through the messaging features;
  • Use the Platform if you are a Restricted Person.

We reserve the right to suspend or terminate your access, forfeit any open positions, and cooperate with law enforcement if we determine, in our sole discretion, that you have violated these Terms.

6. Wallet & Keys

The Platform generates a cryptographic identity and Monero wallet derived from a single private key entirely on your device. We never transmit, store, or have access to your private key.

Your backup key is the only mechanism for recovering your account and wallet on a new device. You are solely responsible for:

  • Securely storing your backup key offline;
  • All activity conducted using your identity keys;
  • Ensuring the security of your device and browser environment;
  • Any loss of funds resulting from loss, theft, or compromise of your private key.

We cannot recover lost keys, reverse transactions, or compensate for lost funds under any circumstances.

7. Escrow & Bet Settlement

All bets on the Platform are settled in Monero (XMR) via a 2-of-3 multisignature escrow. The three keyholders are: the bet poster (Alice), the bet taker (Bob), and the Asterias oracle. Any two of the three parties must co-sign to release funds.

Normal settlement: upon confirmed event result, the Asterias oracle co-signs a settlement transaction with the winning party, releasing escrowed funds to the winner minus any applicable platform fees.

Refund/dispute path: if no oracle settlement occurs (e.g., event cancelled, no result confirmed), Alice and Bob may co-sign a refund transaction directly, without oracle involvement.

You acknowledge and agree that:

  • Monero transactions are irreversible. There are no refunds once funds are broadcast to the network.
  • We do not guarantee oracle availability or timely settlement in all circumstances.
  • Escrow smart contract interactions carry inherent risks including bugs, network failures, and finality delays.
  • You can lose the full amount of XMR placed in escrow.
  • The Platform fee (the rounded difference between your stated amount and the 4-significant-figure floor) is deducted at settlement and directed to the Asterias platform address.

8. Intellectual Property

We or our licensors own all right, title, and interest in the Platform, including all software, interfaces, designs, and content, except where otherwise indicated. Subject to these Terms, we grant you a personal, limited, revocable, non-exclusive, non-transferable licence to access and use the Platform for its intended purpose.

By submitting comments, feedback, or other content through the Platform, you grant us a royalty-free, worldwide, perpetual licence to use, modify, and display that content for the purpose of operating and improving the Platform.

9. Third-Party Services

The Platform may link to or integrate third-party services including Monero exchange services (ChangeNow, Trocador, SimpleSwap, Sideshift), sports data providers, and prediction market data sources. We have no control over and accept no responsibility for third-party content, availability, or terms. Your use of third-party services is at your own risk and subject to their own terms.

10. Indemnification

You agree to defend, indemnify, and hold harmless Asterias and its officers, directors, employees, and agents from and against any claims, liabilities, damages, losses, and expenses (including reasonable legal fees) arising from: (i) your use of the Platform; (ii) your breach of these Terms; (iii) your violation of any applicable law; (iv) any dispute between you and another user; or (v) your infringement of any third party's rights.

11. Disclaimers & Limitations of Liability

No Warranties

THE PLATFORM IS PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT, ACCURACY, OR UNINTERRUPTED AVAILABILITY. WE DO NOT WARRANT THAT THE PLATFORM WILL BE ERROR-FREE, SECURE, OR FREE FROM HARMFUL COMPONENTS.

Limitation of Liability

TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT SHALL ASTERIAS BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES — INCLUDING LOSS OF PROFITS, LOSS OF DATA, LOSS OF CRYPTOASSETS, OR BUSINESS INTERRUPTION — ARISING OUT OF OR IN CONNECTION WITH YOUR USE OF THE PLATFORM, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

OUR AGGREGATE LIABILITY FOR ANY CLAIM ARISING UNDER THESE TERMS SHALL NOT EXCEED THE GREATER OF (A) THE PLATFORM FEES YOU PAID IN THE 30 DAYS PRECEDING THE CLAIM OR (B) $100 USD EQUIVALENT IN XMR.

Some jurisdictions do not allow the exclusion of certain warranties or the limitation of liability, so some of the above may not apply to you.

12. Governing Law & Dispute Resolution

These Terms are governed by the laws of Panama, without regard to conflict-of-law principles. Before initiating any formal proceedings, the parties agree to make a good-faith effort to resolve any dispute informally by contacting us at support@asterias.ai with a written description of the dispute, the relevant wallet address or user handle, and the remedy sought. We will attempt to resolve the dispute within 60 business days of receipt.

13. Arbitration Agreement & Class Action Waiver

If informal resolution fails, any dispute arising out of or relating to these Terms or the Platform shall be finally resolved by binding arbitration before a single arbitrator under the Panama Arbitration Law. The arbitration shall be conducted in English.

Class Action Waiver. You waive any right to participate in a class action, collective action, or representative proceeding. All disputes must be brought on an individual basis only.

Opt-out. You may opt out of this arbitration agreement by sending written notice to support@asterias.ai within 30 days of first accepting these Terms. Your notice must include your wallet address and a statement that you wish to opt out of arbitration.

This arbitration agreement does not apply to claims for injunctive or equitable relief relating to intellectual property infringement.

14. Modifications

We reserve the right to modify these Terms at any time. Changes take effect upon posting to this page, with the updated effective date shown above. Your continued use of the Platform after any modification constitutes acceptance of the revised Terms. We encourage you to review this page periodically.

We may also modify, suspend, or discontinue any feature of the Platform at any time without notice or liability.

15. General Terms

Entire agreement. These Terms, together with our Privacy Policy, constitute the entire agreement between you and us regarding the Platform.

Severability. If any provision is held invalid or unenforceable, the remaining provisions continue in full force.

No waiver. Failure to enforce any provision is not a waiver of our right to enforce it later.

No assignment. You may not assign your rights or obligations under these Terms. We may assign ours without restriction.

Survival. Sections 3, 5, 7, 10, 11, 12, and 13 survive any termination of your access to the Platform.

16. Contact

Questions, legal notices, or complaints may be directed to:

support@asterias.ai