Terms of Service

These Terms of Service (the "Terms") constitute a legally binding agreement made by and between you, whether personally or on behalf of an entity ("you", "User" or "Player"), and DrawRace, together with its affiliates, subsidiaries, successors and assigns (collectively, "DrawRace", the "Company", "we", "us" or "our"), concerning your access to and use of the website located at drawrace.xyz, the application available at play.drawrace.xyz, and any related media, features, content, functionality, smart contracts or services made available by the Company (collectively, the "Platform" or the "Services").

By accessing, browsing, registering for, depositing assets into, or otherwise using any portion of the Platform, you acknowledge that you have read, understood, and irrevocably agree to be bound by these Terms and all documents incorporated herein by reference, whether or not you have created an account. If you do not agree with all of these Terms, then you are expressly prohibited from using the Platform and you must discontinue use immediately.

By using the Platform you represent and warrant that: (a) you are at least eighteen (18) years of age, or the age of legal majority in your jurisdiction of residence, whichever is greater; (b) you possess the legal capacity and authority to enter into and be bound by these Terms; (c) you are not located in, under the control of, or a national or resident of any jurisdiction in which your access to or use of the Platform, or your participation in wager-based competitions, is prohibited, restricted, or unlicensed by applicable law; and (d) you will not access or use the Platform through any automated, fraudulent, or otherwise unauthorized means.

It is your sole and exclusive responsibility to determine whether, and to ensure that, your use of the Platform is lawful in your jurisdiction, and the Company makes no representation or warranty that the Platform or any of its features is appropriate, available, or permitted for use in any particular location.

To access certain features, you must register for an account. Upon registration, a non-custodial-style custodial Solana wallet (the "Wallet") may be generated and associated with your account for the purpose of holding, depositing, wagering, and withdrawing digital assets. You are solely responsible for maintaining the confidentiality of your account credentials and any exported private keys, and for all activities that occur under your account, whether or not authorized by you.

You agree to provide true, accurate, current, and complete information during registration and to promptly update such information as necessary. The Company reserves the right to suspend, restrict, or terminate any account that it reasonably believes contains false, inaccurate, incomplete, or fraudulent information, or that has been used in violation of these Terms.

The Platform offers skill-based competitive racing in which the outcome of each contest is determined solely by the relative skill of the participants as expressed through their drawn racing lines and processed by a deterministic, fixed-timestep physics simulation seeded exclusively by player inputs. No element of the contest outcome is determined by chance, randomness, or any mechanism within the Company's control once a contest has commenced.

You acknowledge and agree that the Company does not act as a counterparty to any contest, does not guarantee any particular outcome, and that all competitive results are final, binding, and non-reversible upon confirmation of the corresponding on-chain settlement transaction.

Where you elect to participate in a wager-based contest, each participant posts an equal entry amount denominated in SOL, which is transferred into a program-controlled escrow account on the Solana blockchain for the duration of the contest. Upon resolution, the smart contract releases the aggregate pot, net of applicable fees, to the prevailing participant. You acknowledge that you may lose the entirety of any amount you wager and that the Company has no obligation to refund, reverse, or otherwise compensate you for any loss arising from your participation.

All settlements are effected autonomously by on-chain programs. The Company does not custody contest pots during settlement and cannot reverse, cancel, or modify a settlement transaction once it has been broadcast to and confirmed by the network.

The Company charges a platform fee, currently equal to five percent (5%) of the total contest pot, which is deducted exclusively from the prevailing participant's payout. Fee rates are subject to change at the Company's sole discretion upon notice posted to the Platform. Of the net fees collected by the Company, fifty percent (50%) are intended to be used to acquire the $VROOM token on the open market and to permanently remove such tokens from circulation ("burn"), thereby reducing the total circulating supply over time.

You acknowledge that any such buyback-and-burn activity is discretionary, may be modified, suspended, or discontinued at any time, is not a promise, guarantee, or assurance of any increase in the value, price, liquidity, or utility of the $VROOM token, and should not be relied upon as the basis for any expectation of profit.

You may deposit SOL to your Wallet's deposit address from any compatible wallet or exchange, and you may withdraw your available balance to any valid Solana address at any time, subject to network confirmation and the operational availability of the Platform. The Company is not responsible for, and shall have no liability in respect of, transfers made to incorrect, incompatible, or unsupported addresses, or for any assets lost as a result of user error, network congestion, or third-party failures.

You agree not to, and not to permit any third party to: (a) use the Platform for any unlawful purpose or in violation of any applicable local, state, national, or international law; (b) employ any bot, script, automation, exploit, or artificial means to gain an unfair advantage in any contest; (c) collude with other participants, engage in match-fixing, or otherwise manipulate the outcome or integrity of any contest; (d) engage in money laundering, terrorist financing, sanctions evasion, or any other financial crime; (e) reverse engineer, decompile, disassemble, or otherwise attempt to derive the source code of any component of the Platform except to the extent such restriction is expressly prohibited by applicable law; or (f) interfere with, disrupt, or impose an unreasonable load upon the Platform or its supporting infrastructure.

Unless otherwise indicated, the Platform and all source code, databases, functionality, software, website designs, audio, video, text, photographs, graphics, trademarks, service marks, and logos contained therein (collectively, the "Content") are owned or licensed by the Company and are protected by applicable intellectual property and proprietary rights laws. Except as expressly provided herein, no part of the Platform or the Content may be copied, reproduced, aggregated, republished, uploaded, posted, publicly displayed, encoded, translated, transmitted, distributed, sold, licensed, or otherwise exploited for any commercial purpose without our express prior written permission.

The Platform relies upon, interacts with, and is dependent upon third-party services, including without limitation the Solana blockchain network, validators, remote procedure call providers, wallet software, and decentralized exchanges, none of which are owned or controlled by the Company. You acknowledge that the Company is not responsible for the availability, accuracy, security, performance, or conduct of any such third party, and that your use of any third-party service is governed by that party's own terms and policies.

You expressly acknowledge and assume all risks associated with the use of the Platform, including without limitation the risk of total loss of wagered or deposited assets, the inherent volatility and illiquidity of digital assets, the experimental and evolving nature of blockchain technology, the possibility of smart contract vulnerabilities or exploits, and the uncertain and changing regulatory treatment of digital assets and skill-based wagering in your jurisdiction.

THE PLATFORM AND ALL CONTENT, SERVICES, AND FEATURES ARE PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS, WITHOUT WARRANTY OF ANY KIND, WHETHER EXPRESS, IMPLIED, STATUTORY, OR OTHERWISE. TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE COMPANY DISCLAIMS ALL WARRANTIES, INCLUDING WITHOUT LIMITATION THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, AND NON-INFRINGEMENT, AND ANY WARRANTIES ARISING OUT OF COURSE OF DEALING OR USAGE OF TRADE. THE COMPANY DOES NOT WARRANT THAT THE PLATFORM WILL BE UNINTERRUPTED, SECURE, OR ERROR-FREE.

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT SHALL THE COMPANY OR ITS DIRECTORS, OFFICERS, EMPLOYEES, CONTRACTORS, AGENTS, OR LICENSORS BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, EXEMPLARY, OR PUNITIVE DAMAGES, OR FOR ANY LOSS OF PROFITS, REVENUE, DATA, GOODWILL, OR DIGITAL ASSETS, ARISING OUT OF OR IN CONNECTION WITH YOUR USE OF OR INABILITY TO USE THE PLATFORM, WHETHER BASED ON WARRANTY, CONTRACT, TORT, STATUTE, OR ANY OTHER LEGAL THEORY, AND WHETHER OR NOT THE COMPANY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. IN ANY EVENT, THE AGGREGATE LIABILITY OF THE COMPANY SHALL NOT EXCEED THE GREATER OF THE TOTAL FEES PAID BY YOU TO THE COMPANY IN THE NINETY (90) DAYS PRECEDING THE EVENT GIVING RISE TO THE CLAIM, OR ONE HUNDRED UNITED STATES DOLLARS (USD $100).

You agree to defend, indemnify, and hold harmless the Company and its affiliates and their respective officers, directors, employees, and agents from and against any and all claims, damages, obligations, losses, liabilities, costs, and expenses (including reasonable attorneys' fees) arising from or relating to: (a) your use of the Platform; (b) your breach of these Terms; (c) your violation of any law or the rights of a third party; or (d) any contest in which you participate.

The Company may, in its sole discretion and without prior notice or liability, suspend, restrict, or terminate your access to all or any part of the Platform, freeze or restrict the processing of withdrawals where reasonably required to investigate suspected fraud, prohibited conduct, or unlawful activity, or to comply with applicable law or legal process. Termination shall not relieve you of any obligation incurred prior to termination.

Any dispute, controversy, or claim arising out of or relating to these Terms or the Platform shall be resolved exclusively by final and binding arbitration administered on an individual basis, and you and the Company each irrevocably waive any right to a trial by jury and any right to participate in a class, collective, consolidated, or representative action. You agree that any claim must be brought within one (1) year after the cause of action arises, failing which such claim shall be permanently barred.

These Terms and any dispute arising hereunder shall be governed by and construed in accordance with the laws applicable in the Company's jurisdiction of organization, without regard to its conflict-of-laws principles. If any provision of these Terms is held to be invalid, illegal, or unenforceable, such provision shall be deemed modified to the minimum extent necessary to make it enforceable, and the remaining provisions shall continue in full force and effect.

The Company reserves the right, in its sole discretion, to amend, modify, or replace these Terms at any time. Any changes shall become effective immediately upon posting of the revised Terms to the Platform, and your continued use of the Platform thereafter constitutes your acceptance of the revised Terms. These Terms, together with any documents expressly incorporated by reference, constitute the entire agreement between you and the Company with respect to the subject matter hereof and supersede all prior or contemporaneous understandings and agreements, whether written or oral.