# Welcome to CandySwap Alephium's first decentralised Order Book Discover the next generation of DEX. \ It works the same as Binance or Coinbase but 100% decentralised. There are no liquidity pools, only Buyers and Sellers in an Organic market. Our DEX is built on the latest blockchain technology and utilises a state-of-the-art Order Book to facilitate trades. Whether you're looking to buy low and sell high or just want to hold onto your assets for the long haul, our platform has you covered. With a user-friendly interface and a wide range of assets to choose from, it is the perfect place to start your crypto journey. So come on in and check us out! We can't wait to see what the future holds for you on CandySwap.
# Order Book This article details what an order book is. ### What is an Order Book? An Orderbook is an trading protocol, used primarily in the stock exchange but has recently been an emerging presence in the crypto space. A *matching engine* uses this to determine which orders can be fully or partially executed. #### Buy and Sell The two main participants in an order book are the 'buyer' and the 'seller'. The buyer (the 'buy') bids for a certain amount of tokens at a specific price. This demand is then satisfied by the seller (the 'sell'), who asks for a particular fee for their tokens. A list of 'buys' and 'sell(s)' is generated with the matching engine pairing deals that satisfy both parties. #### Visual Representation An *order book depth chart* dynamically shows the list of bids and asks for a specific commodity. A general rule of practice is that the buys are shown on the left and the sells on the right.

Figure 1 - An Order book depth chart shows the buys in green, and the sells on the right are in red. The x-axis is the unit price; the y-axis is cumulative order depth (https://en.wikipedia.org/wiki/Order_book#/media/File:Order_book_depth_chart.gif)

#### Order Book Terminology **Price Point** When multiple orders are the same price, they are referred to as a *price point*, meaning that if a bid comes at that *price level*, the sell orders could potentially fulfil it. **Top of the book** The top of the book is the highest buy and the lowest sell. **Book depth** The book depth is the number of price levels available at a particular time. # Token Page A description of the information CandySwap provides for each trading token. ## Top Tokens The token page (also the home page) displays a table of the current top tokens trading on CandySwap (figure 1). This is ordered by 7 day trading volume.

Figure 1: Tokens page

## Token details When a token is selected (from the table or by searching), detailed information for that token is displayed (figure 2). At the top of the page, you have the option to buy or sell the token, which takes you to the [Swap Page](/information/swap-page), with the token automatically selected.

Figure 2: Token detail page for USDC

The primary information conveyed is: 1. [#price](#price "mention") 2. [#order-book](#order-book "mention") 3. [#depth-chart](#depth-chart "mention") 4. [#swaps](#swaps "mention") ### Price This data shows the token's price, deemed the last successful swap price. A plot of this over time is also provided to display the trading cycle. ### Order Book The Order Book lists 'Buy'(s) and 'Sell'(s). It displays the amount of a token available at a specific price. The buys are displayed in green, while the sells are shown in red. Example (figure 2): This example shows (in red) 55 units of $ALPH selling at 1.3 $USDC per unit. The closest buy is at 1.2 $USDC per unit with 4.2 $ALPH available at that price. So, in this scenario, the 'buy' can't satisfy the 'sell', and no trades happen. ### Depth Chart The depth chart is a visual representation of the order book; it dynamically changes as more offers are submitted. It is a standard analytical tool used in the stock markets; some methods of interpreting it are discussed in the learning section of this [doc](/information/order-book). ### Swaps Below the depth chart, a list displays a token's successful swaps (figure 3).

Figure 3: Completed swaps for USDC

# Swap Page Here you will be able to swap tokens. First, connect your wallet. Instructions on how to set up a wallet can be found here: [Setting up an Alephium Wallet](https://docs.deadrare.io/community/setting-up-an-alephium-wallet) ## Token selection

Figure 1: Token selection

Select a token you wish to swap (figure 1). {% hint style="info" %} The token will be automatically selected if you came from the [Token Page](/information/token-page) and clicked 'Buy' or 'Sell'. {% endhint %} The default when selecting a token is to create a **buy** order for that token pair. This can be easily switched to a **sell** order by clicking the double arrows. ## Swap form There are 3 types of swap to choose from: [#swap](#swap "mention") [#limit](#limit "mention") [#liquidity](#liquidity "mention") ### Swap 'Simple Swap' is the easiest and quickest way to swap your tokens. Simply specify either how much you wish to send **or** receive, and the form will autocomplete with your requirements. Simple Swap matches your requirements with current open orders, and displays the details of your swap for you to check before placing the order (figure 2). {% hint style="info" %} You cannot specify price when using 'Swap'. To specify price, please see 'Limit'. {% endhint %}

Figure 2: An example of a 'Swap' order.

### Limit A 'Limit Order' allows you to specify your price. Your order has to be matched with a fellow user for a trade to be successful, so it may not go through straight away. You can withdraw your order at any time. Complete the form with your requirements (figure 3). The current market price is automatically selected. You can enter a custom price, or use the price selection helper buttons (1%, 5%, 10%). These will be minus(-) for a sell order, or plus(+) for a buy order. The purpose of this would be to help your order to be fulfilled sooner. {% hint style="danger" %} Read the form through from top to bottom before submitting, to ensure it makes logical sense and all numbers have been entered correctly. Make sure the calculations at the bottom of the form are what you were expecting. {% endhint %}

Figure 3: An example of a 'Limit' order.

Once you have double checked the form and are happy to proceed, click 'Place order' and sign the transaction in your Alephium wallet. {% hint style="info" %} N.B. These trades may take time to happen. Your order has to be matched with a fellow user for a trade to be successful. You can withdraw your order at any time. {% endhint %} ### Liquidity Our Automatic Liquidity system allows you to concentrate liquid perfectly on any trading pair. Please see [Automatic Liquidity](/information/automatic-liquidity) for more information. # Automatic Liquidity Our Automatic Liquidity system allows you to concentrate liquid perfectly on any trading pair. You can also specify a spread, meaning traders can specify how much profit they want to make each time a Swap is made against their liquidity. **Why is this superior to a liquidity pool?** In contrast to a liquidity pool which spreads your tokens evenly across every possible price, automatic liquidity is concentrated perfectly at a specific price. You can then insert automatic liquidity at as many price point as you want and create a completely custom liquidity profile across any trading pair. This is immensely powerful and now makes us a global leader in DEX design. **How does automatic liquidity work?** Each time somebody matches with your Buy order, a corresponding Sell is instantly opened with the tokens you would have received. You can specify the difference in price between the Buy and Sell, for example 1%, which results in automatic profit each time an Order matches with your liquidity (figure 1). To access the automatic liquidity feature, open the swap form and select 'Liquidity'. Automatic liquidity orders must be less than Market Price. This is because when a standard order is created, we first match as much as we can and then the remainder is created in a new order. For liquidity flipping, we want the full amount to be flipped, so we don't want to match first. This also prevents an unmatched overlap. A flip order keeps flipping indefinitely until it is cancelled.

Figure 1: An example liquidity order.

The order can be locked for one of the specified times. This means the order cannot be cancelled until the time is up. This could be useful for project owners to provide a fair launch. **The power of Alephium!** The Stateful UTXO model on Alephium, combined with its Smart Contract language “Ralph” and its APS (Asset Permission System), make this automatic liquidity extremely safe and efficient compared to legacy blockchains. # Rewards **CANDYSWAP SEASON 2** September 13th 🍬 Season 2 will last for 60 days.\ 🍬 Earn CANDY for the first 30 days.\ 🍬 Exchange CANDY for ALPH trading fees. 100% of all ALPH trading fees for days 0-60 will be distributed to CANDY token holders at the end of the season. The team will hold ZERO CANDY tokens. 👇\ \ ![](/files/d5mnEtPJYAJw9HMRbkdu) **What is the purpose of season 2?** We want to incentivise trading activity on CandySwap and help grow the DeFi ecosystem on @Alpehium. #### **How do we earn tokens?** Token are rewarded for completing any swap on but only the ALPH value of the swap counts towards your daily total. #### **How are rewards calculated?** 1024 tokens are distributed for each day. These are split evenly based on the amount of ALPH traded by every trader across all pairs on the platform. #### **When do we get the CANDY reward tokens?** We will be airdropping these after the first 30 days, but you can check your current balance on the leaderboard .
**How will the ALPH fees distributed?** We will open a single Buy order on CandySwap to buy the entire supply of Candy for the total amount of trading fees accumulated during the season. The bought Candy will be burned or just folded into the next airdrop. #### Can I hold my CANDY until next season? Yes you can keep your candies for next season, then basically you are speculating that the trading fees will grow even higher. #### **What should CANDY holders do to help?** You are now the decentralised CandySwap marketing team for the next 60 days! Help spread the hype, create new Meme Coins and have fun on the platform. The more people trade, the more ALPH you will earn. #### **How can I maximise my rewards?** Makers get a lower fee of 0.2% so try to supply liquidity to the Orderbook. Makers and Takers earn the same rewards so Makers will get more value out of each trade. Try and be the majority trader over many days, just topping 1 day will only get you a share of rewards from that day. #### How do I get a 10x multiplier for my rewards? If you trade $10 of USDT or USDC, all trading volume of any token will be 10x for that day. This is indicated by a flame next to your wallet address on the rewards table. \ ![](/files/jjPJVuQf4f5u37V42cpS) # Burning Tokens We included a burn function with the Meme Coins generator.\ \ Go to the token you want to burn the add `/burn` to the url like this: # Token List \ Developers can find a list our of tokens here\ # FAQs Frequently Asked Questions ### **Can I cancel an order on a decentralised order book?** Yes you can cancel an order at any time in the "My Wallet" section. ### **What are the fees?** Maker fees are 0.2%. Taker fees are 0.5%. ### **What's the difference between Maker and Taker ?** A maker is somebody who creates an Order first and it sits in the book. They can be a Buyer or a Seller. A taker is the person who matches with the maker and therefore takes value out of the Orderbook. You can think of a Maker as somebody providing liquidity, therefore they usually get a lower fee. ### **Why are the fees always 0.5% in the UI?** We label it as 0.5% in the UI because we can't be sure before a trade which one you will get. Somebody might be creating an opposite order just before you submit your transactions. You can guarantee you are a Maker by creating your order far away from the current price.
### **Why does it cost 0.5 ALPH for a transaction?** \ **Gas** \ 0.1 ALPH is for gas, although this won't all be used. You won't normally spend the max gas and we can change this number in the UI. You will just spend as much gas as you need and the rest will be sent back. \ \ **Temporary storage** \ These costs are part of the Alephium protocol and are design to give a cost for using on-chain storage. 1. `0.1 ALPH` for creating a price point 2. `0.1 ALPH` for your place in the queue at that price 3. `0.1 ALPH` for your actual Order object 4. `0.1 ALPH` inserting you Order into the OrderMap If the price point already exists then you won't pay for 1. and it will be sent straight back. The remaining `0.3 ALPH` will be sent back once somebody matches with your order or if you cancel the order. ### **How do I know the price of an asset on a decentralised order book?** The supply and demand for that asset determine the purchase price on a decentralised order book. The price will tend to increase when there are more buyers than sellers. When there are more sellers than buyers, the price will tend to decrease. ### **When I switch to a token and it does not set a suggested price automatically?** The price is just taken from the last completed trade. If there are no completed trades then there is no price. \
### **What is a decentralised order book?** In a decentralised order book, users can place buy or sell orders for a particular asset at a specific price. These orders are recorded on the blockchain and stored in the order book. When a match is found between a buy and sell order, the trade is executed, and the asset is transferred from the seller to the buyer. ### **What are the benefits of using a decentralised order book?** There are several benefits to using a decentralised order book, including: Increased security: Because a single entity does not control a decentralised order book, it is less vulnerable to hacking or tampering. Greater transparency: All orders and trades are recorded on the blockchain, making it easy to see the entire history of the order book. Reduced fees: Because decentralised order books do not require intermediaries to facilitate trades, costs are typically lower than those of traditional exchanges. ### **What are the risks of using a decentralised order book?** There are also risks to using a decentralised order book, including: Volatility: The prices of assets on a decentralised order book can be more volatile than those on traditional exchanges, as there is often less liquidity. ### **Can I place both buy and sell orders on a decentralised order book?** You can place buy and sell orders on a decentralised order book. When you place a buy order, you indicate that you want to purchase a particular asset at a specific price. When you place a sell order, you say you want to sell an asset at a particular price. If a match is found between a buy and sell order, the trade will be executed, and the purchase will be transferred from the seller to the buyer. # Contact Feel free to contact us through: Discord: Twitter: # Order Book vs Automated Market Maker (AMM) Here are some pros and cons of AMMs and order books: ### AMMs: #### Pros: Simplicity: AMMs are generally easier to use than order books, as they do not require users to specify a particular price at which they want to buy or sell an asset. Efficiency: AMMs can facilitate trades more quickly than order books, as they do not require a matching order to be found before a trade can be executed. Accessibility: AMMs can be used by anyone, regardless of their trading experience or knowledge. #### Cons: Lack of control: Users have less control over the price at which a trade is executed with an AMM, as the price is determined by a mathematical formula based on supply and demand. Lack of liquidity: AMMs may not always have sufficient liquidity to facilitate trades, especially for smaller or less popular assets. Price slippage: The price of an asset may fluctuate significantly between the time a trade is initiated and the time it is completed, resulting in price slippage. ### Order books: #### Pros: Customisation: Users have more control over the price at which a trade is executed with an order book, as they can specify a particular price at which they want to buy or sell an asset. Liquidity: Order books typically have greater liquidity than AMMs, as they match buyers and sellers who are willing to trade at a specific price. Price stability: Order books tend to have more stable prices than AMMs, as trades are only executed when there is a matching order at the same price. #### Cons: Complexity: Order books may be more difficult to use than AMMs, as users need to understand how to place and cancel orders at specific prices. Slower trades: Order books may take longer to complete trades, as they require a matching order to be found before a trade can be executed. # Permissionless System A decentralized exchange (DEX) is a type of cryptocurrency exchange that operates on a decentralized network, such as a blockchain. One of the key features of a DEX is that it is permissionless, which means that anyone can use it without needing to obtain permission or approval from a central authority. This is in contrast to centralised exchanges, which typically require users to go through a lengthy and often complex process to get approved to use the exchange. With a DEX, users can create an account and start trading if they have the necessary software and hardware to interact with the decentralised network. The permissionless nature of DEXs makes them more accessible and user-friendly, as users do not need to go through any kind of approval process to use them. It also makes them more decentralized and resistant to censorship, as there is no central authority that can block or restrict access to the exchange. Overall, the permissionless nature of DEXs is one of their key benefits, as it enables anyone to use them freely and easily. # Privacy Policy **Introduction** Welcome to Dead Rare's privacy policy.Dead Rare respects your privacy and is committed to protecting your personal data. This privacy policy will inform you as to how we look after your personal data when you visit our website (regardless of where you visit it from) and tell you about your privacy rights and how the law protects you. 1. **Important information and who we are** **Purpose of this privacy policy** This privacy policy aims to give you information on how Dead Rare collects and processes your personal data through your use of this website, including any data you may provide through this website when. This website is not intended for children (individuals under the age of 16) and we do not knowingly collect data relating to children. It is important that you read this privacy policy together with any other privacy policy or fair processing policy we may provide on specific occasions when we are collecting or processing personal data about you so that you are fully aware of how and why we are using your data. This privacy policy supplements other notices and privacy policies and is not intended to override them. **Controller** Dead Rare is the controller and responsible for your personal data (collectively referred to as Dead Rare, "we", "us" or "our" in this privacy policy). We have appointed a data protection officer (DPO) who is responsible for overseeing questions in relation to this privacy policy. If you have any questions about this privacy policy, including any requests to exercise, please contact the DPO using the details set out below. **Contact details** If you have any questions about this privacy policy or our privacy practices, please contact our DPO in the following ways: Full name: Dead Rare DPO Discord address: [discord.gg/nX3RFCNazK](http://discord.gg/nX3RFCNazK)​ You have the right to make a complaint at any time to the Information Commissioner's Office (ICO), the UK regulator for data protection issues ([www.ico.org.uk](http://www.ico.org.uk/)). We would, however, appreciate the chance to deal with your concerns before you approach the ICO so please contact us in the first instance. **Changes to the privacy policy and your duty to inform us of changes** We keep our privacy policy under regular review. This version was last updated on 15 June 2022. It is important that the personal data we hold about you is accurate and current. Please keep us informed if your personal data changes during your relationship with us. **Third-party links** This website may include links to third-party websites, plug-ins and applications. Clicking on those links or enabling those connections may allow third parties to collect or share data about you. We do not control these third-party websites and are not responsible for their privacy statements. When you leave our website, we encourage you to read the privacy policy of every website you visit. 1. **The data we collect about you** Personal data, or personal information, means any information about an individual from which that person can be identified. It does not include data where the identity has been removed (anonymous data). We may collect, use, store and transfer different kinds of personal data about you which we have grouped together as follows: * **Identity Data** includes \[first name, maiden name, last name, username or similar identifier, marital status, title, date of birth and gender]. * **Contact Data** includes \[billing address, delivery address, email address and telephone numbers]. * **Financial Data** includes \[bank account and payment card details]. * **Transaction Data** includes \[details about payments to and from you and other details of products and services you have purchased from us]. * **Technical Data** includes \[internet protocol (IP) address, your login data, browser type and version, time zone setting and location, browser plug-in types and versions, operating system and platform, and other technology on the devices you use to access this website]. * **Profile Data** includes \[your username and password, purchases or orders made by you, your interests, preferences, feedback and survey responses]. * **Usage Data** includes \[information about how you use our website, products and services]. * **Marketing and Communications Data** includes \[your preferences in receiving marketing from us and our third parties and your communication preferences]. We also collect, use and share **Aggregated Data** such as statistical or demographic data for any purpose. Aggregated Data could be derived from your personal data but is not considered personal data in law as this data will **not** directly or indirectly reveal your identity. For example, we may aggregate your Usage Data to calculate the percentage of users accessing a specific website feature. However, if we combine or connect Aggregated Data with your personal data so that it can directly or indirectly identify you, we treat the combined data as personal data which will be used in accordance with this privacy policy. We do not collect any **Special Categories of Personal Data** about you (this includes details about your race or ethnicity, religious or philosophical beliefs, sex life, sexual orientation, political opinions, trade union membership, information about your health, and genetic and biometric data). Nor do we collect any information about criminal convictions and offences. **If you fail to provide personal data** Where we need to collect personal data by law, or under the terms of a contract we have with you, and you fail to provide that data when requested, we may not be able to perform the contract we have or are trying to enter into with you (for example, to provide you with goods or services). In this case, we may have to cancel a product or service you have with us but we will notify you if this is the case at the time. 1. **How is your personal data collected?** We use different methods to collect data from and about you including through: * **Direct interactions.** You may give us your Identity, Contact and Financial Data by filling in forms or by corresponding with us by Discord. This includes personal data you provide when you: * apply for our services; * create an account on our website; * subscribe to any additional service or publications; * request marketing to be sent to you; * enter a competition, promotion or survey; or * give us feedback or contact us. * **Automated technologies or interactions.** As you interact with our website, we will automatically collect Technical Data about your equipment, browsing actions and patterns. We collect this personal data by using cookies, server logs and other similar technologies. We may also receive Technical Data about you if you visit other websites employing our cookies. Please see our cookie policy for further details. * **Third parties or publicly available sources.** We will receive personal data about you from various third parties and potentially public sources. 1. **How we use your personal data** We will only use your personal data when the law allows us to. Most commonly, we will use your personal data in the following circumstances: * Where we need to perform the contract we are about to enter into or have entered into with you. * Where it is necessary for our legitimate interests (or those of a third party) and your interests and fundamental rights do not override those interests. * Where we need to comply with a legal obligation. Generally, we do not rely on consent as a legal basis for processing your personal data although we will get your consent before sending third party direct marketing communications to you via email or text message. You have the right to withdraw consent to marketing at any time by contacting us. **Purposes for which we will use your personal data** We have set out below, in a table format, a description of all the ways we plan to use your personal data, and which of the legal bases we rely on to do so. We have also identified what our legitimate interests are where appropriate. Note that we may process your personal data for more than one lawful ground depending on the specific purpose for which we are using your data. Please contact us if you need details about the specific legal ground we are relying on to process your personal data where more than one ground has been set out in the table below. **Marketing** We strive to provide you with choices regarding certain personal data uses, particularly around marketing and advertising. **Promotional offers from us** We may use your Identity, Contact, Technical, Usage and Profile Data to form a view on what we think you may want or need, or what may be of interest to you. This is how we decide which products, services and offers may be relevant for you (we call this marketing). You will receive marketing communications from us if you have requested information from us or purchased services from us and you have not opted out of receiving that marketing. **Third-party marketing** We will get your express opt-in consent before we share your personal data with any third party for marketing purposes. **Opting out** You can ask us or third parties to stop sending you marketing messages at any time contacting us via Discord. Where you opt out of receiving these marketing messages, this will not apply to personal data provided to us as a result of a product/service purchase, warranty registration, product/service experience or other transactions. **Cookies** You can set your browser to refuse all or some browser cookies, or to alert you when websites set or access cookies. If you disable or refuse cookies, please note that some parts of this website may become inaccessible or not function properly. **Change of purpose** We will only use your personal data for the purposes for which we collected it, unless we reasonably consider that we need to use it for another reason and that reason is compatible with the original purpose. If you wish to get an explanation as to how the processing for the new purpose is compatible with the original purpose, please contact us. If we need to use your personal data for an unrelated purpose, we will notify you and we will explain the legal basis which allows us to do so. Please note that we may process your personal data without your knowledge or consent, in compliance with the above rules, where this is required or permitted by law. 1. **Disclosures of your personal data** We may share your personal data with the parties set out below for the purposes set out in the table above. * The ICO or tax authorities. * Third parties to whom we may choose to sell, transfer or merge parts of our business or our assets. Alternatively, we may seek to acquire other businesses or merge with them. If a change happens to our business, then the new owners may use your personal data in the same way as set out in this privacy policy. We require all third parties to respect the security of your personal data and to treat it in accordance with the law. We do not allow our third-party service providers to use your personal data for their own purposes and only permit them to process your personal data for specified purposes and in accordance with our instructions. 1. **International transfers** Whenever we transfer your personal data out of the UK, we ensure a similar degree of protection is afforded to it by ensuring at least one of the following safeguards is implemented: * We will only transfer your personal data to countries that have been deemed to provide an adequate level of protection for personal data. * Where we use certain service providers, we may use specific contracts approved for use in the UK which give personal data the same protection it has in the UK. Please contact us if you want further information on the specific mechanism used by us when transferring your personal data out of the UK. 1. **Data security** We have put in place appropriate security measures to prevent your personal data from being accidentally lost, used or accessed in an unauthorised way, altered or disclosed. In addition, we limit access to your personal data to those employees, agents, contractors and other third parties who have a business need to know. They will only process your personal data on our instructions and they are subject to a duty of confidentiality. We have put in place procedures to deal with any suspected personal data breach and will notify you and any applicable regulator of a breach where we are legally required to do so. 1. **Data retention** **How long will you use my personal data for?** We will only retain your personal data for as long as reasonably necessary to fulfil the purposes we collected it for, including for the purposes of satisfying any legal, regulatory, tax, accounting or reporting requirements. We may retain your personal data for a longer period in the event of a complaint or if we reasonably believe there is a prospect of litigation in respect to our relationship with you. To determine the appropriate retention period for personal data, we consider the amount, nature and sensitivity of the personal data, the potential risk of harm from unauthorised use or disclosure of your personal data, the purposes for which we process your personal data and whether we can achieve those purposes through other means, and the applicable legal, regulatory, tax, accounting or other requirements. By law we have to keep basic information about our customers (including Contact, Identity, Financial and Transaction Data) for six years after they cease being customers for tax purposes. In some circumstances you can ask us to delete your data. In some circumstances we will anonymise your personal data (so that it can no longer be associated with you) for research or statistical purposes, in which case we may use this information indefinitely without further notice to you. 1. **Your legal rights** Under certain circumstances, you have rights under data protection laws in relation to your personal data. **No fee usually required** You will not have to pay a fee to access your personal data (or to exercise any of the other rights). However, we may charge a reasonable fee if your request is clearly unfounded, repetitive or excessive. Alternatively, we could refuse to comply with your request in these circumstances. **What we may need from you** We may need to request specific information from you to help us confirm your identity and ensure your right to access your personal data (or to exercise any of your other rights). This is a security measure to ensure that personal data is not disclosed to any person who has no right to receive it. We may also contact you to ask you for further information in relation to your request to speed up our response. **Time limit to respond** We try to respond to all legitimate requests within one month. Occasionally it could take us longer than a month if your request is particularly complex or you have made a number of requests. In this case, we will notify you and keep you updated. 1. **Glossary** **LAWFUL BASIS** **Legitimate Interest** means the interest of our business in conducting and managing our business to enable us to give you the best service/product and the best and most secure experience. We make sure we consider and balance any potential impact on you (both positive and negative) and your rights before we process your personal data for our legitimate interests. We do not use your personal data for activities where our interests are overridden by the impact on you (unless we have your consent or are otherwise required or permitted to by law). You can obtain further information about how we assess our legitimate interests against any potential impact on you in respect of specific activities by contacting us. **Performance of Contract** means processing your data where it is necessary for the performance of a contract to which you are a party or to take steps at your request before entering into such a contract. **Comply with a legal obligation** means processing your personal data where it is necessary for compliance with a legal obligation that we are subject to. **THIRD PARTIES** **External Third Parties** * Service providers acting as processors. * Professional advisers acting as processors or joint controllers including lawyers, bankers, auditors and insurers based in the UK. * HM Revenue & Customs, regulators and other authorities acting as processors or joint controllers based in the United Kingdom who require reporting of processing activities in certain circumstances. **YOUR LEGAL RIGHTS** You have the right to: **Request access** to your personal data (commonly known as a "data subject access request"). This enables you to receive a copy of the personal data we hold about you and to check that we are lawfully processing it. **Request correction** of the personal data that we hold about you. This enables you to have any incomplete or inaccurate data we hold about you corrected, though we may need to verify the accuracy of the new data you provide to us. **Request erasure** of your personal data. This enables you to ask us to delete or remove personal data where there is no good reason for us continuing to process it. You also have the right to ask us to delete or remove your personal data where you have successfully exercised your right to object to processing (see below), where we may have processed your information unlawfully or where we are required to erase your personal data to comply with local law. Note, however, that we may not always be able to comply with your request of erasure for specific legal reasons which will be notified to you, if applicable, at the time of your request. **Object to processing** of your personal data where we are relying on a legitimate interest (or those of a third party) and there is something about your particular situation which makes you want to object to processing on this ground as you feel it impacts on your fundamental rights and freedoms. You also have the right to object where we are processing your personal data for direct marketing purposes. In some cases, we may demonstrate that we have compelling legitimate grounds to process your information which override your rights and freedoms. **Request restriction of processing** of your personal data. This enables you to ask us to suspend the processing of your personal data in the following scenarios: * If you want us to establish the data's accuracy. * Where our use of the data is unlawful but you do not want us to erase it. * Where you need us to hold the data even if we no longer require it as you need it to establish, exercise or defend legal claims. * You have objected to our use of your data but we need to verify whether we have overriding legitimate grounds to use it. **Request the transfer** of your personal data to you or to a third party. We will provide to you, or a third party you have chosen, your personal data in a structured, commonly used, machine-readable format. Note that this right only applies to automated information which you initially provided consent for us to use or where we used the information to perform a contract with you. **Withdraw consent at any time** where we are relying on consent to process your personal data. However, this will not affect the lawfulness of any processing carried out before you withdraw your consent. If you withdraw your consent, we may not be able to provide certain products or services to you. We will advise you if this is the case at the time you withdraw your consent. # Terms of Service **Terms of Use** last updated on 23 July 2022 INTRODUCTION The following Terms of Use (“Terms”) and conditions govern all use of the [deadrare.io](http://deadrare.io) website (“the Website”), including, without limitation, the creation, minting, listing, purchase, sale, exchange, or modification of certain digital assets (collectively, the “Service”). The trading name of the Website is Dead Rare. The Website is offered subject to your acceptance without modification of all the terms and conditions contained herein and all other operating rules, policies and procedures that may be published from time to time on the Website (taken together, the “Agreement”). Dead Rare is a platform. Dead Rare is not a broker, financial institution, or creditor. The Services offered on the platform are of administrative nature only. Please read this Agreement carefully before accessing or using the Website. By accessing or using any part of the Website, you agree to become bound by the terms and conditions of this Agreement. If you do not agree to all the terms and conditions of this Agreement, then you may not access the Website, use any Services, or buy crypto assets. The Website is available only to individuals who are at least 18 years old. PRIVACY POLICY Dead Rare Privacy Policy explains the way we handle and protect your personal data in relation to your use and browsing of the Website. By agreeing to the present terms and conditions and to be able to use the Service, you also agree to our Privacy Policy. ACCOUNT REGISTRATION In order to list and purchase crypto assets, you may need to register for an account on the Service (“Account”). By creating an Account, you agree to: 1. provide accurate, current and complete Account information about yourself; 2. maintain and promptly update from time to time, as necessary, your Account information; 3. maintain the security of your password and accept all risks of unauthorized access to your Account and the information you provide to us; and Dead Rare will block multiple accounts of the same user. Also, you agree that you will not: 1. create another account if Dead Rare disabled one you had, unless you have Dead Rare’s written permission first; 2. buy, sell, rent or lease access to your Account or username, unless you have Dead Rare’s written permission first; 3. share your Account password with anyone; or 4. log in or try to login to access the Service through unauthorized third party applications or clients. Dead Rare may require you to provide additional information and documents at the request of any competent authority or in case of application of any applicable law or regulation, including laws related to anti-laundering (legalization) of incomes obtained by criminal means, or for counteracting financing of terrorism. Dead Rare may also require you to provide additional information and documents in cases where it has reasons to believe that: 1. your Account is being used for money laundering or for any other illegal activity; 2. you have concealed or reported false identification information and other details; or 3. transactions made via your Account were made in breach of these Terms. In such cases, Dead Rare, in its sole discretion, may pause or cancel your purchase transactions until such additional information and documents are reviewed by Dead Rare and accepted as satisfying the requirements of applicable law. If you do not provide complete and accurate information and documents in response to such a request, Dead Rare may refuse to provide the Service. By registering an Account on Dead Rare, you give us permission to use your name and picture for marketing and promotional purposes. Users registered as creators also understand and agree that Dead Rare may display, reproduce, and distribute their works represented in digital assets minted, listed and tradable on Dead Rare, for the purpose of operating, promoting, sharing, developing, marketing, and advertising the Website, or any other purpose related to Dead Rare. MODIFICATION TO TERMS OF SERVICE Within the limits of applicable law, Dead Rare reserves the right to review and change this Agreement at any time. You are responsible for regularly reviewing these terms and conditions. Continued use and browsing of the Website after such changes shall constitute your consent to such changes. COMMUNICATION PREFERENCES By creating an Account, you consent to receive electronic communications from Dead Rare (e.g. via email or by posting notices to the Service). These communications may include notices about your Account (e.g. password changes and other transactional information) and are part of your relationship with Dead Rare. You agree that any notices, agreements, disclosures or other communications that Dead Rare sends to you electronically shall satisfy any legal communication requirements, including, but not limited to, that such communications be in writing. Dead Rare may also send you promotional communications via email, including, but not limited to, newsletters, special offers, surveys and other news and information we think will be of interest to you. You may opt out of receiving these promotional emails at any time by following the unsubscribe instructions provided therein. You acknowledge that the ownership of digital assets (NFTs) made available or purchased on the Website may give you the right to view, store, exchange, sell and display the NFT publicly but does not allow or imply commercial use or ownership of intellectual property on the brand, design, music, video, art or other media displayed in your digital asset NFTs, unless specifically stated otherwise. DISCLAIMERS Except as expressly provided to the contrary in writing by Dead Rare, the Service and content contained therein, and crypto assets listed therein are provided on an “as is” and “as available” basis without warranties or conditions of any kind, either express or implied. Dead Rare makes no warranty that the Service: 1. will meet your requirements; 2. will be available on an uninterrupted and timely basis. Dead Rare disclaims all other warranties or conditions, express or implied, including, without limitation, implied warranties or conditions of merchantability, fitness for particular purpose, title and non-infringement to the Service, as well to the content published therein. While Dead Rare attempts to make your access to and use of the service and content safe, you accept the inherent security risks of providing information and dealing online over the internet and will not hold Dead Rare responsible for any breach of security unless it is due to our gross negligence. Dead Rare shall not be responsible or liable to you for any loss and take no responsibility for, and shall not be liable to you for any use of crypto assets, including but not limited to any losses, damages or claims arising from: 1. user error, such as forgotten passwords, incorrectly authorising transactions, or mistyped addresses; 2. server failure or data loss; 3. corrupted wallet files; 4. unauthorized access to applications; 5. any unauthorized third party activities; including, without limitation, the use of viruses, phishing, brute forcing, or other means of attack against the service or crypto assets. Crypto assets are intangible digital assets. They exist only by virtue of the ownership record maintained in a blockchain. Any transfer of title that might occur in any unique digital asset occurs on the decentralized ledger within the blockchain. Dead Rare does not guarantee that Dead Rare can effect the transfer of title or right in any crypto assets. However, Dead Rare requests its users who register as creators to warrant that the crypto assets they mint as NFTs and list through Dead Rare are their own individual creations, which have not previously been published and/or exploited in any manner, in order for them to comply with these Terms, under liability to Dead Rare and other users. Dead Rare is not responsible for sustained casualties due to vulnerability or any kind of failure, abnormal behaviour of software (e.g., wallet, smart contract), blockchains or any other features of crypto assets. Dead Rare is not responsible for casualties due to late report by developers or representatives (or no report at all) of any issues with the blockchain supporting crypto assets including forks, technical node issues or any other issues having fund losses as a result. Nothing in these Terms shall exclude or limit liability of either party for fraud, death or bodily injury caused by negligence, violation of laws, or any other activity that cannot be limited or excluded by legitimate means. Some jurisdictions do not allow the exclusion of implied warranties in contracts with consumers, so the above exclusion may not apply to you. ASSUMPTION OF RISKS You accept and acknowledge: 1. The prices of blockchain assets are extremely volatile. Fluctuations in the price of other digital assets could materially and adversely affect the crypto assets, which may also be subject to significant price volatility. We cannot guarantee that any purchasers of crypto assets will not lose money. 2. You are solely responsible for determining what, if any, taxes apply to your crypto assets transactions. Dead Rare is not responsible for determining the taxes that apply to crypto assets transactions. 3. There are risks associated with using an Internet based currency, including but not limited to, the risk of hardware, software and Internet connections, the risk of malicious software introduction, and the risk that third parties may obtain unauthorized access to information stored within your wallet. You accept and acknowledge that Dead Rare shall not be responsible for any communication failures, disruptions, errors, distortions or delays you may experience when using the crypto assets, however caused. 4. A lack of use or public interest in the creation and development of distributed ecosystems could negatively impact the development of those ecosystems and related applications, and could therefore also negatively impact the potential utility or value of crypto assets. 5. The regulatory regime governing blockchain technologies, cryptocurrencies, and tokens is uncertain, and new regulations or policies may materially adversely affect the development of the Service and the utility of crypto assets. 6. There are risks associated with purchasing user generated content, including but not limited to, the risk of purchasing counterfeit assets, mislabelled assets, assets that are vulnerable to metadata decay, assets on smart contracts with bugs, and assets that may become untransferable. Dead Rare reserves the right to hide collections, contracts, and assets affected by any of these issues or by other issues. Assets you purchase may become inaccessible on Dead Rare. Under no circumstances shall the inability to view your assets on Dead Rare serve as grounds for a claim against Dead Rare. LIMITATION OF LIABILITY To the fullest extent permitted by law, in no event shall Dead Rare be liable to you or any third party for any lost profit or any indirect, consequential, exemplary, incidental, special or punitive damages arising from these terms, the Service, or for any damages related to loss of revenue, loss of profit, loss of business or anticipated savings, loss of use, loss of goodwill, or loss of data, and whether caused by tort (including negligence), breach of contract, or otherwise. The access to and use of the Services are at your own discretion and risk, and you shall be solely responsible for any damage to your computer system or mobile device or loss of data resulting therefrom. Notwithstanding anything to the contrary contained herein, in no event shall the maximum aggregate liability of Dead Rare arising out of or in any way related to these terms, the access to and use of the service, content, crypto assets, or any products or services purchased on the service exceed the greater of: 1. the amount received by Dead Rare from the sale of crypto assets that are the subject of the claim, and 2. the operational costs from the sale of crypto assets that are the subject of the claim. The foregoing limitations of liability shall not apply to liability of Dead Rare for: 1. death or personal injury caused by a member of Dead Rare’s negligence; or for 2. any injury caused by a member of Dead Rare’s fraud or fraudulent misrepresentation. Some jurisdictions do not allow the exclusion or limitation of incidental or consequential damages, so the above limitation or exclusion may not apply to you. Some jurisdictions also limit disclaimers or limitations of liability for personal injury from consumer products, so this limitation may not apply to personal injury claims. TERMINATION Notwithstanding anything contained in these Terms, we reserve the right, without notice and in our sole discretion, to terminate your right to access or use the Service at any time and for any or no reason, and you acknowledge and agree that we shall have no liability or obligation to you in such event and that you will not be entitled to a refund of any amounts that you have already paid to us, to the fullest extent permitted by applicable law. SEVERABILITY If any term, clause or provision of these Terms is held invalid or unenforceable, then that term, clause or provision shall be severable from these Terms and will not affect the validity or enforceability of any remaining part of that term, clause or provision, or any other term, clause or provision of these Terms. DO NOT RELY ON INFORMATION ON THIS SITE The content on the Website is provided for general information only. It is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. For the avoidance of doubt, the Website does not constitute legal, financial or tax advice. Although we make reasonable efforts to update the information on the Website, we make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up to date. USER-GENERATED CONTENT IS NOT APPROVED BY US The Website may include information and materials uploaded by other users of the site, including to bulletin boards and chat rooms. This information and these materials have not been verified or approved by us. The views expressed by other users on our site do not represent our views or values. HOW TO COMPLAIN ABOUT CONTENT UPLOADED BY OTHER USERS If you wish to complain about content uploaded by other users, please contact us on our Discord Server known as “Dead Rare”. WE ARE NOT RESPONSIBLE FOR VIRUSES AND YOU MUST NOT INTRODUCE THEM We do not guarantee that the Website will be secure or free from bugs or viruses. You are responsible for configuring your information technology, computer programmes and platform to access our site. You should use your own virus protection software. You must not misuse the Website by knowingly introducing viruses, trojans, worms, logic bombs or other material that is malicious or technologically harmful. You must not attempt to gain unauthorised access to the Website, the server on which our site is stored or any server, computer or database connected to the Website. You must not attack our site via a denial-of-service attack or a distributed denial-of service attack. By breaching this provision, you would commit a criminal offence under the Computer Misuse Act 1990. We will report any such breach to the relevant law enforcement authorities and we will co-operate with those authorities by disclosing your identity to them. In the event of such a breach, your right to use our site will cease immediately. TAX AUTHORITIES You agree to us providing any information we hold to HM Revenue and Customs (or other tax authority) if we are required to do so. APPLICABLE LAW If you are a consumer, please note that these terms of use, their subject matter and their formation, are governed by English law. You and we both agree that the courts of England and Wales will have exclusive jurisdiction except that if you are a resident of Northern Ireland you may also bring proceedings in Northern Ireland, and if you are resident of Scotland, you may also bring proceedings in Scotland. If you are a business, these terms of use, their subject matter and their formation (and any non-contractual disputes or claims) are governed by English law. You are deemed to agree to the exclusive jurisdiction of the courts of England and Wales if you use this service.