Sonar.Trade

Sonar Legal

The documents behind platform access and data handling.

Review the terms that govern the use of Sonar.

SONAR TRADE

TERMS OF USE

Effective Date: April 7, 2026

1. Acceptance of Terms

These Terms of Use ("Terms") constitute a legally binding agreement between you ("User," "you," or "your") and Sonar Trade ("Sonar," "we," "us," or "our"), governing your access to and use of the Sonar platform, available at sonar.trade (the "Platform"), including all associated services, features, tools, and content.

By creating an account, accessing the Platform, or using any of its features, you acknowledge that you have read, understood, and agree to be bound by these Terms. If you do not agree with any provision of these Terms, you must not access or use the Platform.

We reserve the right to modify these Terms at any time. Any changes will be effective upon posting to the Platform. Your continued use of the Platform following the posting of revised Terms constitutes your acceptance of such changes. It is your responsibility to review these Terms periodically.

2. Description of Services

Sonar is an on-chain execution platform that enables users to automate structured buy and sell strategies for digital assets. Sonar is not a traditional market maker, exchange, broker, or financial advisor. The Platform provides self-managed execution tools that allow users to define their own strategy parameters and execute trades directly from their Sonar account.

The Platform currently offers the following core features:

Volume Strategy (Percentage of Volume) and DCA (Dollar-Cost Averaging) strategy types for automated trade execution.
Instant token swaps between supported tokens and native assets or stablecoins.
Deposit and withdrawal functionality for supported blockchain networks.
A referral program that rewards users for bringing new participants to the Platform.
A points system that tracks platform usage and may be used for future reward distribution.

Sonar supports execution across the Ethereum, Solana, Base, and BNB blockchain networks. All execution occurs on-chain and within smart contracts or programs, depending on the applicable chain.

Sonar does not provide investment advice, portfolio management, or recommendations of any kind. All strategies are configured solely by the User, and all execution decisions rest entirely with the User.

3. Eligibility

By accessing or using the Platform, you represent and warrant that:

You are at least 18 years of age or the age of legal majority in your jurisdiction, whichever is greater.
You have the legal capacity and authority to enter into these Terms.
You are not a resident of, or located in, any jurisdiction where the use of the Platform or digital asset trading is prohibited or restricted by applicable law or regulation.
You are not subject to any sanctions administered or enforced by any governmental authority, including but not limited to the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC), the European Union, or the United Nations.
Your use of the Platform does not violate any applicable law, regulation, or rule in your jurisdiction.

Sonar does not require Know Your Customer (KYC) verification or identity documentation to create an account. However, Sonar reserves the right to restrict or terminate access to accounts if there is reason to believe that use of the Platform violates applicable law or these Terms.

4. Account Registration and Security

To use the Platform, you must create an account. Authentication is powered by Turnkey and supports the following methods: email with one-time verification code, Google login, and wallet authentication. There is no separate registration flow; you authenticate and your account is created automatically.

You are solely responsible for maintaining the confidentiality and security of your account credentials and authentication methods. You agree to use the same login method each session to avoid unintentionally creating duplicate accounts.

Sonar strongly recommends enabling Two-Factor Authentication (2FA) to enhance account security. Sessions expire after 24 hours of inactivity, and you will be required to log in again.

You agree to notify Sonar immediately of any unauthorized use of your account or any other breach of security. Sonar is not responsible for any loss arising from unauthorized access to your account resulting from your failure to safeguard your credentials.

5. Deposits, Withdrawals, and Asset Custody

When you deposit digital assets into the Platform, you transfer those assets to a Sonar-managed smart contract (on EVM-compatible chains) or program (on Solana). Deposits are made by sending tokens to a unique, one-time-use deposit address generated for your account on the selected blockchain network.

You acknowledge and agree that:

Deposit addresses are single-use. If the address expires before funds are sent, a new deposit address must be generated.
You must send assets only on the correct blockchain network. Cross-chain transfers will result in a permanent loss of funds, and Sonar bears no responsibility for such losses.
All deposits are manual transfers. There is no direct wallet deposit method.
Once deposited, your assets reside within the applicable smart contract or program. Assets are used exclusively according to the strategy parameters that you configure.

You may withdraw your assets at any time, provided those assets are not currently allocated to an active strategy. If assets are engaged in a strategy, the strategy must be cancelled before the assets become available for withdrawal. Withdrawals are processed as on-chain transactions to the wallet address you specify.

Sonar does not hold or have unilateral access to raw private keys. Transaction signing is handled by a HashiCorp HCP Vault, and operational services must request signatures through isolated, scoped processes. Sonar employs compartmentalized infrastructure, where deposit, execution, withdrawal, and API services operate independently with limited permissions.

6. Strategy Execution

Sonar provides self-managed strategy execution tools. You are solely responsible for selecting strategy types, configuring all parameters (including execution direction, volume allocation, price thresholds, market cap boundaries, and duration), and monitoring the performance and status of your strategies.

You acknowledge and agree that:

Strategies execute automatically based on the parameters you define. Sonar does not override, modify, or intervene in strategy execution once configured and activated.
If market conditions fall outside your configured thresholds, strategy execution will pause and will only resume when conditions return within the defined range.
You may run multiple strategies simultaneously on the same or different assets. Each strategy operates independently and executes against only the capital allocated to it.
Strategies exclude MEV-based (Miner Extractable Value) transactions to avoid execution on manipulated or non-organic volume.
Sonar does not guarantee the timing, price, or outcome of any trade or strategy. On-chain execution is subject to network conditions, liquidity availability, gas costs, and other factors beyond the control of Sonar.

7. Fees

Sonar charges a flat fee of 1% on executed strategy volume. This fee applies only to volume that has been successfully executed. There are no retainers, upfront fees, or token allocation requirements.

Additional on-chain costs, including but not limited to gas fees, network transaction fees, and slippage, are borne entirely by the User and are separate from Sonar's platform fee.

Sonar reserves the right to modify its fee structure at any time. Any changes to fees will be communicated through the Platform and will take effect as stated in the relevant notice.

8. Referral Program

Sonar offers a referral program through which users may earn a percentage of fees generated by referred users. The referral structure consists of three levels: Level 1 (direct referrals) at 20%, Level 2 (indirect referrals) at 3%, and Level 3 (extended referrals) at 2%.

Referral earnings are calculated based on net fees paid to Sonar (currently 1% of executed volume). Rewards are tracked and accumulated per chain, and a minimum of $10 in rewards per chain is required before claiming. Once claimed, rewards are credited to your Sonar account.

Sonar reserves the right to modify, suspend, or discontinue the referral program at any time, with or without notice. Any abuse of the referral program, including self-referral schemes, fraudulent activity, or artificial inflation of referral metrics, may result in forfeiture of referral rewards and suspension or termination of your account.

9. Sonar Points

Sonar Points are a platform metric that tracks usage across the Platform, reflecting activity generated through on-chain execution, referrals, and API usage. Points are earned based on real usage and fees.

Points may form the basis for future rewards; however, Sonar makes no guarantees, representations, or commitments regarding the value, convertibility, or redeemability of Sonar Points. Sonar reserves the right to modify the points system, including earning rates, multiplier tiers, and quest structures, at any time.

Sonar Points do not constitute property, a financial instrument, or a form of currency. They are non-transferable and carry no monetary value.

10. Prohibited Uses

You agree not to use the Platform for any of the following purposes:

Violating any applicable law, regulation, or ordinance in your jurisdiction or any other jurisdiction.
Engaging in fraud, money laundering, terrorist financing, or any other financial crime.
Manipulating markets, including but not limited to wash trading, spoofing, layering, or other forms of market abuse.
Circumventing any sanctions, trade embargoes, or export control restrictions.
Attempting to gain unauthorized access to any part of the Platform, other user accounts, or underlying infrastructure.
Interfering with or disrupting the integrity or performance of the Platform or its supporting systems.
Using the Platform in connection with any activity that could cause harm to Sonar, its users, or any third party.
Reverse engineering, decompiling, or disassembling any portion of the Platform's software or technology.

11. Risks and Disclaimers

You acknowledge and accept that the use of the Platform involves significant risks, including but not limited to the following:

Digital asset prices are highly volatile and can change rapidly. There is no guarantee that any strategy will produce favorable results.
On-chain execution is subject to blockchain network conditions, including congestion, latency, gas price fluctuations, and potential network outages.
Smart contracts and blockchain programs may contain vulnerabilities or bugs that could result in the loss of funds.
Regulatory developments in your jurisdiction or other jurisdictions may adversely affect your ability to use the Platform or the value of your digital assets.
Deposited assets are subject to the security of the underlying smart contract or program. While Sonar employs robust security measures, no system is entirely immune to risk.

THE PLATFORM IS PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS, WITHOUT WARRANTIES OF ANY KIND, WHETHER EXPRESS, IMPLIED, OR STATUTORY. SONAR EXPRESSLY DISCLAIMS ALL WARRANTIES, INCLUDING BUT NOT LIMITED TO IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, AND NON-INFRINGEMENT.

SONAR DOES NOT WARRANT THAT THE PLATFORM WILL BE UNINTERRUPTED, ERROR-FREE, SECURE, OR FREE FROM VIRUSES OR OTHER HARMFUL COMPONENTS. SONAR DOES NOT WARRANT THE ACCURACY, COMPLETENESS, OR RELIABILITY OF ANY CONTENT, DATA, OR INFORMATION PROVIDED THROUGH THE PLATFORM.

12. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT SHALL SONAR, ITS AFFILIATES, DIRECTORS, OFFICERS, EMPLOYEES, AGENTS, OR LICENSORS BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING BUT NOT LIMITED TO LOSS OF PROFITS, REVENUE, DATA, GOODWILL, OR DIGITAL ASSETS, ARISING OUT OF OR RELATED TO YOUR USE OF OR INABILITY TO USE THE PLATFORM.

IN NO EVENT SHALL SONAR'S TOTAL AGGREGATE LIABILITY TO YOU FOR ALL CLAIMS ARISING OUT OF OR RELATED TO THESE TERMS OR YOUR USE OF THE PLATFORM EXCEED THE TOTAL AMOUNT OF FEES PAID BY YOU TO SONAR DURING THE TWELVE (12) MONTHS PRECEDING THE EVENT GIVING RISE TO THE CLAIM.

THE LIMITATIONS SET FORTH IN THIS SECTION APPLY REGARDLESS OF THE THEORY OF LIABILITY, WHETHER BASED ON CONTRACT, TORT (INCLUDING NEGLIGENCE), STRICT LIABILITY, OR ANY OTHER LEGAL OR EQUITABLE THEORY, AND WHETHER OR NOT SONAR HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

13. Indemnification

You agree to indemnify, defend, and hold harmless Sonar and its affiliates, directors, officers, employees, agents, and licensors from and against any and all claims, damages, losses, liabilities, costs, and expenses (including reasonable attorneys' fees) arising out of or related to: (a) your use of or access to the Platform; (b) your violation of these Terms; (c) your violation of any applicable law, regulation, or rule; (d) your configuration or execution of any strategy; or (e) any dispute between you and any third party arising from your use of the Platform.

14. Intellectual Property

All intellectual property rights in and to the Platform, including but not limited to software, code, algorithms, user interface designs, trademarks, logos, and documentation, are and shall remain the exclusive property of Sonar or its licensors.

Subject to your compliance with these Terms, Sonar grants you a limited, non-exclusive, non-transferable, revocable license to access and use the Platform solely for its intended purpose. This license does not grant you any right to copy, modify, distribute, sell, or create derivative works based on any part of the Platform.

15. Privacy

Your use of the Platform is also governed by our Privacy Policy, which describes how we collect, use, store, and protect your information. By using the Platform, you consent to the practices described in the Privacy Policy. The Privacy Policy is incorporated into and forms part of these Terms.

16. Termination

You may discontinue your use of the Platform at any time by withdrawing all assets from your account and ceasing to access the Platform.

Sonar reserves the right to suspend or terminate your account, without prior notice, if: (a) you breach any provision of these Terms; (b) Sonar reasonably believes your use of the Platform poses a legal or regulatory risk; (c) your account is implicated in fraudulent or prohibited activity; or (d) continued operation of your account is no longer commercially or technically feasible.

Upon termination, your right to access the Platform will cease immediately. Any provisions of these Terms that by their nature should survive termination shall remain in full force and effect, including but not limited to sections relating to disclaimers, limitation of liability, indemnification, intellectual property, and governing law.

17. Governing Law and Dispute Resolution

These Terms shall be governed by and construed in accordance with the laws of the Republic of Panama, without regard to its conflict of law provisions.

Any dispute, controversy, or claim arising out of or relating to these Terms, or the breach, termination, or invalidity thereof, shall first be attempted to be resolved through good-faith negotiation between the parties. If the dispute cannot be resolved through negotiation within thirty (30) days, the parties agree to submit the dispute to binding arbitration in accordance with the rules of the applicable arbitral institution.

You agree that any claims against Sonar shall be brought solely in your individual capacity and not as a plaintiff or class member in any purported class, consolidated, or representative proceeding.

18. Severability

If any provision of these Terms is found to be invalid, illegal, or unenforceable by a court of competent jurisdiction, such provision shall be modified to the minimum extent necessary to make it valid and enforceable, or if modification is not possible, shall be severed from these Terms. The invalidity or unenforceability of any provision shall not affect the validity or enforceability of the remaining provisions.

19. Entire Agreement

These Terms, together with the Privacy Policy and any other policies or guidelines published on the Platform, constitute the entire agreement between you and Sonar with respect to your use of the Platform. These Terms supersede all prior agreements, understandings, representations, and warranties, whether written or oral, relating to the subject matter hereof.