# How To Tap Trade ## What is Tap Trading? Tap Trading is the most fun and simple way to make price predictions. Instead of placing traditional orders, you see a grid of price ranges (“squares”) across time. * Each square represents a **price range over a time window** * You **tap a square** you believe price will enter * Payouts adjust dynamically based on: * distance from current price * time remaining * market volatility To earn the multiplier payoff, price simply needs to **enter your selected square** before the price line passes your square. No complex orders or friction, you make a single clear prediction: > **“I think price will enter this zone before time runs out.”** ### Getting Started Access Euphoria via web browser, mobile PWA, or Telegram mini app at [euphoria.finance](https://euphoria.finance)
Create your account with your preferred login method
If on mobile, install the PWA for easy access in the future or access via Telegram Mini App
### How to Trade: *** ### Fund your account: Choose your preferred funding method between crypto and fiat options
*** ### Select your trade size Your trade size will default to $0.10. You can change this by tapping on the dollar icon in the bottom righthand corner. Whatever amount you set here is the amount that you will trade per tap.
*** ### Read the grid: The grid is made of **price zones** (squares). Each square represents a target range price can reach within a 5 second timeframe. In general: * **Closer squares** → easier to hit → lower payout * **Farther squares** → harder to hit → higher payout Payouts update dynamically based on distance, volatility, and time remaining. *** ### Tap a Square Tap the square (zone) you think price will reach to place a trade.
*** ### Know the profit condition You profit if price enters your selected zone at any point before the price line passes your square.
Important details: * It does **not** need to stay there * It just needs to **touch the zone once** If price never enters your zone before expiry, the trade expires worthless, aka, you lose the amount you tapped for that square. ### Visit the Leaderboard See how you stack up compared to the chads on the Leaderboard
### Flex your profits
### Share with friends
# About The Platform #### Non-Custodial by Design Euphoria is a **non-custodial platform**, which means **you always remain in control of your funds**. Your assets stay in your own connected wallet until you choose to use them. Euphoria does not take custody of your crypto, cannot move your funds without your authorization, and does not hold private keys on your behalf. All trades are executed from self-custody wallets via audited smart contracts. You trade directly from your wallet, maintaining control at every step. #### How Pricing Works Euphoria does **not create or manipulate market prices**. Pricing is provided by **professional market makers** who continuously submit live quotes for each available square. Each square displays the **best available quote** in real time, so you always see the most competitive multiplier currently on offer. Quotes update dynamically as market conditions change. #### Slippage Tolerance **Slippage** is the difference between the multiplier you expect when placing a trade and the multiplier you actually receive at execution. This happens when markets move between the moment you submit a trade and the moment it is confirmed. Users set a slippage tolerance to protect themselves against adverse multiplier movements. Before execution of any trade: * You are shown the quoted multiplier * Your slippage tolerance is applied as the maximum acceptable deviation * If the market moves against you beyond that tolerance, the trade fails rather than executing at a significantly worse multiplier This protects you from unexpected price moves during periods of volatility. # Fees & Trading Limits #### Trading Fees Euphoria does not currently charge any trading fees. The multiplier your trade is executed at determines the payout you receive if the price touches that square. #### Deposits Euphoria does not charge deposit fees on USDM deposits. Deposits in other crypto assets may incur gas and small swap or bridging fees from our third-party providers. Fiat deposits incur third-party fees, shown to you before you confirm the purchase. #### Withdrawals Withdrawals to USDM on MegaETH incur a small USDM fee to cover network gas. Withdrawals to other assets such as USDC on Ethereum, Arbitrum, Base, or Solana may also include small fees from third-party swap and bridge providers. The total fee is shown on the confirmation screen before you approve the transaction. #### Trading Limits Euphoria applies trading limits that scale with your account activity. Limits exist to protect the depth and stability of the market for all users, and they increase as you trade more. #### Starting Limits | Tier | Max trade size | Max stake per square | | ---------------- | ------------------------------------- | -------------------- | | **New accounts** | $5 | $25 | | **Standard** | $10 | $50 | | **VIP** | Higher limits, available after launch | | A VIP tier may be introduced after launch. #### Why Limits Exist Euphoria is a new platform with a growing market maker network. Conservative limits help us: * Protect quote depth and stability for all users * Ensure enough capacity for all active traders at any given time * Allow market makers to offer competitive pricing without taking outsized risk on individual positions * Maintain orderly markets during periods of high volatility As more market makers come online and liquidity deepens, limits will increase across all tiers. #### Abuse Controls Accounts showing patterns consistent with market or oracle manipulation, coordinated activity, or other abuse may have reduced limits applied. These controls are still being tuned. As a newly launched platform, our detection systems may occasionally flag normal trading patterns, particularly for users with unusual strategies or trading frequency. We are actively refining these systems to reduce false positives over time. # Architecture & Technology #### Built on MegaETH Euphoria runs on [MegaETH](https://megaeth.com/), a high-performance EVM-compatible blockchain designed for real-time applications. We chose MegaETH because Tap Trading depends on speed. Squares update continuously, market makers refresh quotes in real time, and trades need to settle in sub-second windows. MegaETH provides: * 100k TPS with sub 10-ms blocktimes * Full EVM compatibility, so contracts are auditable with standard tooling * Low transaction costs, enabling small trade sizes without prohibitive gas #### How a Trade Flows A single tap moves through four parties: 1. **Market makers** provide the live quote shown on your square 2. **You** tap on a square to submit a trade from your wallet 3. **The Euphoria smart contracts** record the trade, hold positions, and handle settlement 4. **Redstone oracle** provides external price data used to validate settlement #### Redstone Oracle Euphoria uses a custom Redstone oracle for price validation and settlement. The oracle provides trusted external market data used to: * Verify reference market prices * Determine final trade settlement values * Ensure pricing integrity independent of Euphoria or market makers Settlement outcomes are based on objective external data, not prices generated internally by the platform. # Smart Contract Audit #### Smart Contract Audits Euphoria's smart contracts have been audited by [Sherlock](https://sherlock.xyz/). The full audit report is available below: {% file src="/files/m5UjNfp4emixlItMxQVt" %} #### Contract Addresses All Euphoria contracts +are deployed on MegaETH and verified on Etherscan | Contract | Address | | --------------------- | ------------------------------------------ | | Core trading Contract | 0xdf8248fee58e791149e69f6c61129D471EaFC11E | # Bug Bounty Euphoria rewards security researchers who help keep the platform safe. #### How to Report Email [**security@euphoria.finance**](mailto:security@euphoria.finance) with a clear description of the vulnerability, reproduction steps, and your assessment of the impact. We aim to acknowledge reports within 48 hours. #### Rewards Rewards are paid in USDM and scale with severity, impact, and report quality. Final amounts are at Euphoria's discretion. #### Scope In scope: Euphoria smart contracts, the web app, mobile PWA, Telegram mini app, and API. Out of scope: third-party services, testnet environments, social engineering, and denial-of-service attacks. #### Disclosure Do not disclose vulnerabilities publicly before a fix is deployed, and do not exploit them beyond what is necessary to demonstrate impact. Researchers acting in good faith under this policy will not face legal action from Euphoria. # FAQ
How do I sign up for an account on Euphoria? To sign up for a Euphoria account please go to [euphoria.finance](https://euphoria.finance), click log in on the top right of your screen, connect a wallet/email/social account and follow the steps.
What tokens/coins can I tap trade on Euphoria? Currently Euphoria supports Ethereum with Bitcoin and Solana coming soon! \ \**New tokens/coins may be added or removed in future.*
How do I change my trade size on Euphoria? To change your bet size look at the bottom right corner of your screen. You will see an amount denominated in $ (the default is $0.1). Tap on the dollar amount to scroll through the different trade sizes.
What is the time frame for each square on Euphoria? Each square/block on Euphoria represents a 5 second timeframe. \ \**Different time frames may be added/removed in the future.*
Does Euphoria have a token? No. Euphoria does not have a token, and there is no TGE at this time.
What do the different error messages mean when trading on Euphoria? * **SLIPPAGE\_EXCEEDED** — *“Multiplier protection. Please try again.”*\ This means price movement was too high during execution. Try again or reduce your trade size. * **NO\_QUOTE\_DATA** — *“No quote data available. Please try another option.”*\ There’s no pricing data available for this trade right now. Switch pairs or try again shortly. * **RATE\_LIMITED** — *“Rate limit reached. Too many trades—please try again shortly.”*\ You’re trading too quickly. Give it a moment, then jump back in. * **LIMIT\_EXCEEDED** — *“Limit exceeded. Try a smaller amount or try again later.”*\ Your trade size is above the allowed limit. Lower the amount or wait before retrying. * **INSUFFICIENT\_BALANCE** — *“Insufficient balance.”*\ You don’t have enough funds to complete the trade. Top up or reduce your position size.
Can I view my wallet history on Euphoria? Yes. To view your wallet history please click "Profile" on the left dashboard, scroll to the bottom to the "Recent Trades" section and click "All Trades". Here you can view your wallet history on Euphoria.
Where can I find my wallet address on Euphoria? To locate your wallet address on Euphoria please click "Profile" on the left dashboard. The "Wallet" section will be located here and you will be able to copy your wallet address from this section.
How can I deposit funds to Euphoria? Euphoria currently supports crypto swaps, USDm deposits (on MegaEth network), debit/credit cards and Apple/Google pay.
Is my deposit address the same as my connected wallet address? No, they are not the same. Your connected wallet address is only used to log in. When you create an account on Euphoria, an embedded wallet is automatically generated for you. To find your deposit address, go to the **Wallet** section and use your embedded wallet address.
Does Euphoria have a deposit/withdrawal fee? You may experience fees from third party providers but Euphoria itself does not charge fees on deposits or withdrawals.
Does Euphoria charge a trade fee? Curtrently there are ZERO trading fees on Euphoria!
# The Manifesto
### They made it work. We made it fun. It's time to *feel something* We stand on the edge of an unprecedented transformation—where traditional notions of value creation and social mobility are being disrupted. Where the rigid walls of traditional finance are crumbling under the weight of innovation. Our mission is not merely to participate in this transformation, but to accelerate it by crafting a future where capital markets are not only tools for wealth generation, but for connection, expression, and joy. For too long, we've accepted that trading must be stressful, complex, cold, and intimidating. The financial world tells you it should feel serious and sterile. That “real trading” only happens on interfaces with endless charts, epileptogenic order books, and confusing lingo—designed by engineers and quants, for engineers and quants. ### **Not us – and that’s why we’ve built Euphoria** Our mission is to make you: *Feel Something*. Euphoria isn’t just our brand; it’s our ethos. It’s uplifting, disruptive, and unapologetically fun. We reject the notion that complexity equals sophistication and stress equals legitimacy. The complexity doesn’t lie in the fundamental concepts of trading. It's in the artificial barriers that have been built around them. We’re here to tear these walls down and bring exhilarating experiences that both amplify the potential of crypto, and harness its momentum to elevate normal people, rather than alienating or gatekeeping. ### **Why Now?** They laughed at memecoin traders. Called them unsophisticated. Dismissed them as degenerate gamblers. They missed the point entirely. What critics failed to see was a paradigm shift. Memecoins weren’t an anomaly—they were a signal. They showed us what happens when trading becomes social, expressive, and above all, fun. It was never about the dogs and frogs—it’s a glimpse into how the next generation wants to interact with capital markets. Playful, vibrant, and deeply human. This isn’t just philosophical posturing. The data is clear: speculation and supporting infrastructure are indisputably dominating the market. But this is just the beginning. As retail traders evolve, they'll demand more sophisticated ways to express their market views. Not through more complex interfaces, but through more fun and intuitive ones. That’s why we built **Tap Trading**. When you strip down derivatives like options and futures, those supposedly complex financial instruments are just predictions about the future. That's it. Simple expressions of what you think will happen next. We’ve turned derivatives trading into a mobile-first consumer experience. ### **The Euphoria Thesis** It’s simple yet radical: Hyper-speculation isn’t a problem to solve; it’s a design challenge to optimize. But this isn't just about building a better trading app. It's about fundamentally restructuring how everyday people interact with crypto markets: * If trading is fun, more people will trade * If trading is intuitive, more people will learn * If trading is social, more people will connect * If trading feels good, more people will thrive We believe the pursuit of fun and experiences with extreme payoffs are not some frivolous indulgence—they make us human. People should have tools to bet on their beliefs, to take risks, and to do it all with a smile. The best trading interfaces don't feel like trading interfaces at all. Forget what finance “should” look like, we’re doubling down on humanity. ### A New Trading Experience, Designed for You Euphoria is reimagining derivatives from the ground up with something entirely new. What do you get when you merge the fundamentals of making price predictions, the efficiency of CLOB market making, and abstract away the complexity of the underlying protocol, to create a fun, social, mobile-first trading experience. **Tap Trading.** By Euphoria, for everyone. ### **Our Solution** Euphoria fills the gap in the market for mobile-first derivatives trading. One where user experience is sacred because people deserve an intuitive venue for expressing and defending their beliefs about the future—one that sparks dopamine, not cortisol. At Euphoria, we believe in the power of community, the promise of technology, and the potential of decentralized financial markets. So here’s what we’re delivering: * **Tap Trading:** The first trading platform built for the TikTok generation – fun, fast, and frictionless. One tap trading, in the palm of your hand. * **Gamified Experiences:** Think points, streaks, and a leaderboard that turns every win into a flex. * **Social Trading:** A community-driven environment where you compete, connect, and collaborate. * **Approachability By Design:** Cutting-edge protocol architecture under the hood that you'll never have to see or think about. (Unless you want to nerd out on our whitepaper) ### **For Those Who Want More** The future of trading isn't in more complexity—it's in more humanity. It's not about building higher barriers, but about creating more engaging experiences. It's not about stress and FOMO, but about fun and community. By making trading more accessible, social, and enjoyable, we're not just creating better user experiences, we're democratizing financial opportunity. To everyone who’s tired of pretending trading should feel like rocket science, Euphoria is your invitation to experience a new trading experience – one that makes you *feel something*. This is trading reimagined. This is **Euphoria**. ### Join the [waitlist](https://www.euphoria.finance/#waitlist) today to pioneer the revolution.
# Audit Report {% file src="/files/Aj9kaMlsHUlhFGEAyZJu" %} # Referral Program # TAPATHON ## Update: RESULTS
## Introducing: The Euphoria Tapathon It's time to make trading fun again. On February 16th, we’re inviting 5,000 traders to compete in our first-ever Tapathon — a two-week Tap Trading competition designed to stress test our systems and reward the top participants. ### What Is the Tapathon? Our Tapathon is a funded testnet trading competition where every participant starts with the exact same balance and competes for prizes based on performance and participation. It's paper trading, but on real markets, with real competition, and real rewards. ### Competition Details * **Start Date:** February 16 * **Duration:** 2 weeks * **Participants:** 5,000 whitelisted traders * **Scoring Metric:** PnL * **Leaderboard:** Updates in real time * **Final Results:** Determined by a leaderboard snapshot at competition end Everyone begins on a level playing field with a $1,000 starting balance. From there, it’s simple: highest PnL wins. #### Prizes: * **🥇 1st Place:**\ An all-expenses-paid trip to London to receive a Rolex in person from our CEO. * **🥈 2nd Place:** $1,000 * **🥉 3rd Place:** $500 * **10 Additional Winners:** Expect surprise drops throughout the competition. ### Who Can Participate? This Tapathon is invite-only. We’re giving out 5,000 access spots to our earliest supporters, selected from a snapshot taken on January 31, 2026. There are two ways to participate: ### 1.) You Are Whitelisted (No Code Required) You are automatically eligible if you meet one of the following criteria: * An active supporter in Euphoria Telegram or Twitter * Holder of one of the following Discord roles: * OG Crew * Euphorics * Infinity Gauntlet * Member of MegaETH’s “The People” Telegram chat (Echo investors / Fluffle holders) * A content creator selected by the community * One of the top 1,000 email addresses on the Euphoria waitlist #### How to Check 1. Go to **testnet.euphoria.finance** 2. Sign in using the Telegram, Twitter, Discord, or email account you believe is eligible 3. If you qualify, you will see access immediately
If you do not see access: * Double check you are signing in with the correct account * If unsure, try another login method tied to your eligibility ### 2.) You Have a Code (Manual Entry Required) Not whitelisted? You’ll need a valid access code. Codes are distributed by Euphoria and various partners, with additional drops happening on X. Enter your code to unlock access. Didn’t make the first cut? Turn on our notifications on [X](https://x.com/euphoria_fi) to catch a code drop. ### Starting Balance Every participant begins with a **$1,000 testnet balance.** All traders start on a level playing field. When you sign in for the first time, simply tap your wallet in the bottom left corner to receive your testnet balance. ### Top-Up Rules If your balance falls below $100 at any time during the competition: * Tap your wallet * Select “Top Up to $100” * Your balance will be restored to $100 There is a 1-hour cooldown between top-ups. ### Leaderboard Timing The official leaderboard: * Begins tracking at **February 16, 2026 at 9:00AM ET** * Resets at the start time * Final standings are determined by a snapshot at competition end Any activity before 9:00AM ET on February 16 does **not** count toward competition results. Wallet balances and leaderboard activity of those with early access are reset at the competition start time. ### Trade Size & Position Limits To maintain fairness and system stability: * Minimum trade size per tap: $1 * Maximum trade size per tap: $50 * Maximum exposure per square: $2,000 * Maximum exposure per user: $2,000 * Maximum exposure per user per square: $500 ### Do Results Carry Over to Mainnet? Trading performance does **not** carry over. However: * **Referrals do carry over.** * If someone uses your link and trades on mainnet later, you’ll receive credit once real-money trading begins. Building your network early matters. ### What Happens After the Tapathon? This competition is just the beginning. After March 1st: * Euphoria opens up more broadly * Mainnet, real-money trading follows * More competitions and features are coming The Tapathon is the first step toward the full Euphoria experience. ### Ready to Tap? The arena opens **February 16th.** Let the Tapathon begin.\ \ Stay tuned on our [X](https://x.com/euphoria_fi) for updates. *For full terms and conditions, see* [*here*](https://docs.euphoria.finance/~/revisions/YsbkZOyVhXWWDC56T7Lt/euphoria/tapathon-terms-and-conditions) # Tapathon Terms & Conditions ### 1. Organizer The Competition is organized by Euphoria Panama Operations Inc (”Euphoria”, “we”, “us”, or “our”). ### 2. Eligibility 2.1. Participation is open to individuals who: * Are at least 18 years old (or legal age to trade cryptocurrency in their jurisdiction, whichever is higher). * Have been granted access to the Euphoria Testnet via whitelisting or granted an access code. * Are not restricted or prohibited from using Euphoria services under applicable laws or regulations. 2.2. Employees, contractors, affiliates of Euphoria, and their immediate family members may be excluded from participation. 2.3. Participants are solely responsible for ensuring that participation in the Competition is lawful in their jurisdiction. 2.4. Participants are not eligible to participate if they are residents of, located in, or attempting to participate from any country or region that is subject to economic or trade sanctions, embargoes, or other regulatory restrictions under applicable laws or regulations, or where participation in the Competition or use of the Euphoria platform is prohibited. ### 3. Competition Period 3.1. The Competition will run from 16th February 2026 9am EST to the 2nd March 2026 9am EST. 3.2. Trades executed outside of the Competition Period will not be counted. ### 4. Registration & Participation 4.1. The Competition is a private testnet trading competition and is invite-only. 4.2. Participation is limited to a maximum of 5000 selected participants who have been: * Explicitly whitelisted by Euphoria; and/or * Provided with a unique access code by Euphoria. 4.3. Only accounts that have been successfully whitelisted and/or have redeemed a valid access code will be permitted to participate. 4.4. Access codes are: * Issued at Euphoria’s sole discretion * Non-transferable * Valid for a single account only 4.5. Trades placed by accounts that are not properly registered, whitelisted, or authorized will not be counted. 4.6. Euphoria reserves the right to revoke access or remove any participants from the Competition at any time. ### 5. Eligible Trading Activity 5.1. The Competition applies to only the Euphoria Tap-Trading experience. 5.2. The following activities are excluded from the Competition: * Market manipulation or abusive trading behaviour. * Trades resulting from system abuse, bugs, or exploits * Risk-free or hedged trading strategies designed solely to game rankings 5.3. Euphoria reserves the right to disqualify any trades or participants deemed to be acting unfairly or in bad faith . ### 6. Ranking & Scoring Methodology 6.1. Rankings will be determined based on PNL and Volume, as defined by Euphoria. 6.2. Calculations may include, but are not limited to: * Realized and/or unrealized profit and/or loss * Trading volume * Number of trades * Risk adjustments or minimum trade requirements 6.3. In the event of a tie, Euphoria reserves the right to apply additional criteria or split rewards at its discretion. ### 7. Rewards & Prizes 7.1. Rewards will be distributed according to the officially published prize structure. 7.2. Rewards may include tokens or other digital assets. 7.3. Rewards are non-transferable and may not be substituted or exchanged. 7.4. Distribution of rewards will occur within 30 days of the Competition ending, subject to internal verification. 7.5. Participants are solely responsible for any taxes or fees associated with receiving rewards. ### 8. Disqualification & Enforcement 8.1. Euphoria reserves the right to: * Disqualify any participant at any time * Cancel, modify, or suspend the competition * Withhold or revoke rewards 8.2. Reasons for disqualification may include, but are not limited to: * Violation of these T\&Cs * Violation of Euphoria platform rules * Suspected fraud, manipulation, or abuse 8.3. All decisions by Euphoria are final and binding. ### 9. Platform Risk & Downtime 9.1. Euphoria is not responsible for loses resulting from: * Network congestion * Smart contract failures * System maintenance or downtime * Delayed transactions or failed orders 9.2. Trading during periods of high volatility carries increased risk. ### 10. Amendments 10.1. Euphoria reserves the right to amend these T\&Cs at any time. 10.2. Any changes will be effective immediately upon publication. ### 11. Governing Law These T\&Cs shall be governed by and construed in accordance with the laws of Panama , without regard to conflict of law principles. # Euphoric Mondays ### 1. Organizer The Reward Program is organized by Euphoria Panama Operations Inc (”Euphoria”, “we”, “us”, or “our”). ### 2. Eligibility 2.1. Participation is open to individuals who: * Are at least 18 years old (or legal age to trade cryptocurrency in their jurisdiction, whichever is higher). * Are not restricted or prohibited from using Euphoria services under applicable laws or regulations. 2.2. Employees, contractors, affiliates of Euphoria, and their immediate family members may be excluded from participation. 2.3. Participants are solely responsible for ensuring that participation in the Reward Program is lawful in their jurisdiction. 2.4. Participants are not eligible to participate if they are residents of, located in, or attempting to participate from any country or region that is subject to economic or trade sanctions, embargoes, or other regulatory restrictions under applicable laws or regulations, or where participation in the Reward Program or use of the Euphoria platform is prohibited. ### 3. Competition Period 3.1. The Reward Program will run weekly from Monday to Monday repeating. 3.2. Trades executed outside of the Reward Program Period will not be counted. ### 4. Registration & Participation 4.1. The Reward Program is available to all those with a Euphoria account on mainnet. 4.2. Trades placed by accounts that are not properly registered, whitelisted, or authorized will not be counted. 4.3. Euphoria reserves the right to revoke access or remove any participants from the Reward Program at any time. ### 5. Eligible Trading Activity 5.1. The Reward Program applies to only the Euphoria Tap Trading experience. 5.2. The following activities are excluded from the Reward Program: * Market manipulation or abusive trading behaviour. * Trades resulting from system abuse, bugs, or exploits 5.3. Euphoria reserves the right to disqualify any trades or participants deemed to be acting unfairly or in bad faith. 5.4. Users must place more than 100 taps on 3 separate days during the event week in order to be eligible for rewards. ### 6. Rewards & Prizes 6.1. Rewards may include tokens or other digital assets. 6.2. Rewards are non-transferable and may not be substituted or exchanged. 6.3. Distribution of rewards will occur within 30 days of the Reward Program ending, subject to internal verification. 6.4. Participants are solely responsible for any taxes or fees associated with receiving rewards. ### 7. Disqualification & Enforcement 7.1. Euphoria reserves the right to: * Disqualify any participant at any time * Cancel, modify, or suspend the reward program * Withhold or revoke rewards 7.2. Reasons for disqualification may include, but are not limited to: * Violation of these T\&Cs * Violation of Euphoria platform rules * Suspected fraud, manipulation, or abuse 7.3. All decisions by Euphoria are final and binding. ### 8. Platform Risk & Downtime 8.1. Euphoria is not responsible for loses resulting from: * Network congestion * Smart contract failures * System maintenance or downtime * Delayed transactions or failed orders 8.2. Trading during periods of high volatility carries increased risk. ### 9. Amendments 9.1. Euphoria reserves the right to amend these T\&Cs at any time. 9.2. Any changes will be effective immediately upon publication. ### 10. Governing Law These T\&Cs shall be governed by and construed in accordance with the laws of Panama , without regard to conflict of law principles. *** ## Risk Disclaimer Trading digital assets and derivatives involves **substantial risk** and may result in the loss of all or more than your initial capital. Prices of crypto assets are highly volatile and can be affected by market, technical, regulatory, and economic factors. Participation in the Reward Program does not guarantee profits and should not be considered investment advice. Past performance is not indicative of future results. You should carefully consider whether trading is suitable for you in light of your financial condition, experience, and risk tolerance. Only trade what you can afford to lose. Euphoria does not provide financial, legal, or tax advice. You are solely responsible for your trading decisions and any resulting gains or losses. By participating, you acknowledge that you understand and accept all associated risks.