Terms & Conditions

1. Acceptance of Terms

By accessing or using the LazyEye trading bot service ("the Service"), you agree to be bound by these Terms & Conditions. If you do not agree, please do not use our services.

2. Service Description

LazyEye provides an automated cryptocurrency trading bot that operates on AsterDex Perpetuals via the BNB Smart Chain. The bot executes trades automatically based on its algorithms at 1x (no leverage). Users can monitor and control their bots through our web dashboard at app.lazyeye.nl.

LazyEye is not a regulated entity and does not provide financial, investment, or tax advice.

3. Eligibility

The Service is exclusively available to residents of the Netherlands. By creating an account, you confirm that you are a resident of the Netherlands and at least 18 years old. Registration from outside the Netherlands is not permitted and will be blocked.

You represent that you are legally permitted to engage in cryptocurrency trading under Dutch law.

4. Fees & Payment

• Startup fee: A one-time €6.00 (incl. 21% VAT) startup fee applies per bot, payable immediately upon activation.
• Monthly fee: A flat fee of €6.00/month applies if your monthly profit is $50 or less. If your monthly profit exceeds $50, a 40% performance fee on the realized profit applies instead (incl. 21% VAT). Profit is measured at the end of each calendar month and the fee is invoiced early the following month in EUR, converted from USD using the ECB exchange rate.
• All prices include 21% Dutch VAT unless stated otherwise.
• Payment method: The startup fee and monthly invoices are paid via bank transfer (overschrijving). Invoices are sent by email and are due within 10 days. If payment is not received within this term, the service will be suspended automatically.

5. Risk Disclaimer

Cryptocurrency trading involves substantial risk of loss and is not suitable for every investor. Past performance is not indicative of future results. You should only trade with funds you can afford to lose entirely. The value of your portfolio can go down as well as up.

For the complete risk framework, see our Risk Disclosure.

6. User Responsibilities

• You are responsible for keeping your API keys, wallet credentials, and account information secure.
• You must ensure sufficient funds in your wallet for trading and gas fees.
• You are responsible for compliance with all applicable laws in your jurisdiction, including tax obligations.
• You must not use the Service for any illegal or unauthorized purpose.
• You are responsible for your own tax reporting on trading profits.

7. Custody & Funds

LazyEye never holds or has access to your funds. Your assets remain in your own wallet at all times. We only use your API keys to execute trades on your behalf. API keys should be configured with trading permissions only. Never withdrawal permissions.

8. Limitation of Liability

To the maximum extent permitted by Dutch law, LazyEye shall not be held liable for any direct, indirect, incidental, or consequential damages arising from the use of the Service, including but not limited to:

• Trading losses
• Technical failures or bugs in the bot software
• AsterDex or blockchain network downtime
• Unauthorized access to your account due to compromised credentials
• Force majeure events (acts of nature, war, terrorism, government action, exchange hacks, blockchain outages, internet infrastructure failures, and other events beyond LazyEye's reasonable control)

To the extent permitted by Dutch law, LazyEye's total aggregate liability to you for any claims arising from or related to the Service shall not exceed the total fees you paid to LazyEye in the twelve (12) months preceding the event giving rise to the claim. Nothing in these Terms excludes or limits liability that cannot be excluded under Dutch law (including liability for intent or gross negligence).

9. Indemnification

You agree to indemnify and hold LazyEye and its founders, employees, and contractors harmless from any claims, damages, losses, or expenses (including reasonable legal fees) arising from: (a) your breach of these Terms; (b) your violation of any law or third-party rights; (c) your negligence in securing your account credentials, API keys, or wallet; or (d) trading decisions or actions taken on your AsterDex account.

10. Refund Policy

The one-time startup fee is non-refundable once the bot has been activated. Monthly fees are non-refundable as they are charged for services already rendered. If you experience a technical issue on our end that prevents the bot from operating, please contact us to discuss a resolution.

11. Intellectual Property

All content, software, algorithms, branding, and materials related to LazyEye are our intellectual property or licensed to us. You may not copy, modify, distribute, or reverse-engineer any part of the Service.

12. Termination

Either party may terminate the Service at any time. You can cancel your account through the Settings page in the dashboard, which will stop all bots, deactivate your account, and end billing. Upon termination, any outstanding invoices remain payable. Open positions on AsterDex remain in your wallet and are your responsibility. We reserve the right to suspend or terminate access to the Service immediately if these terms are violated.

13. Privacy

Your use of the Service is also governed by our Privacy Policy. Please review it at Privacy Policy.

14. Governing Law & Disputes

These Terms are governed by and construed in accordance with the laws of the Netherlands. Any disputes arising from these Terms or the Service shall be submitted to the competent court in the Netherlands.

15. Changes to These Terms

We may update these Terms from time to time. We will notify registered users of material changes by email at least 30 days in advance. If you do not agree with the changes, you may terminate your account without penalty within that 30-day notice period. Continued use of the Service after the notice period constitutes acceptance of the updated Terms.

16. Contact

For questions about these terms, contact us at info@lazyeye.nl.