Terms of Service

PLEASE READ THESE TERMS CAREFULLY. THEY CONTAIN A BINDING ARBITRATION AGREEMENT AND A CLASS-ACTION WAIVER (SECTION 18) THAT AFFECT YOUR LEGAL RIGHTS, AND IMPORTANT DISCLAIMERS ABOUT INVESTMENT RISK, THE ABSENCE OF ANY WARRANTY, AND THE TIME-ENCRYPTION FEATURE.

1. Agreement to Terms

These Terms of Service (“Terms”) are a binding contract between you (“you”, “your”, “User”) and kappi.me, operated by David Rose (“kappi”, “we”, “us”, “our”, the “Company”). They govern your access to and use of the kappi.me website, the kappi browser extension, the trade-journaling and verification features, notifications, and all related software and services (collectively, the “Services”).

BY ACCESSING OR USING THE SERVICES, CREATING AN ACCOUNT, INSTALLING THE EXTENSION, OR CLICKING TO ACCEPT, YOU AGREE TO THESE TERMS AND OUR PRIVACY POLICY. IF YOU DO NOT AGREE, DO NOT ACCESS OR USE THE SERVICES. If you accept on behalf of an entity, you represent that you have authority to bind that entity.

2. Eligibility

The Services are offered only to individuals who are at least 18 years old (or the age of majority in your jurisdiction) and can form a binding contract. You must not use the Services if you are barred from doing so under applicable law. You represent that all registration information you provide is accurate, current, and complete, and that you will keep it up to date.

3. The Services

kappi.me is a self-journaling platform and community for paper traders. The Services let you record (“commit”) your own hypothetical or paper trade ideas, build a track record over time, view an aggregated public leaderboard, and receive coaching-style feedback about your own trading discipline. Core components include:

• Trade journaling. You submit trade journal entries describing paper trades. Entries are recorded with a server-assigned receipt time and may be encrypted and time-delayed before becoming publicly visible.
• The kappi browser extension. An optional extension that helps you compose and submit trade journal entries and, where you direct it, reads trade-related text on supported pages you have open so it can be parsed into a structured entry. See Section 10.
• Risk-Multiple Efficiency (“RME”) and alerts. Automated, informational scores and notifications derived from your recorded trades. See Section 9.
• Verifiable record. A track record made tamper-evident using drand time-encryption and a public distributed ledger (e.g. Hedera). See Sections 8 and 11.
• Delivery. Where offered, notifications and messages delivered by email, SMS, and/or the Matrix protocol.

The Services are provided for informational, educational, and record-keeping purposes only. We are not a party to, and do not execute, any securities or other transaction.

4. No Investment, Financial, or Professional Advice

THE SERVICES AND ALL CONTENT ARE FOR INFORMATIONAL AND EDUCATIONAL PURPOSES ONLY AND DO NOT CONSTITUTE INVESTMENT, FINANCIAL, LEGAL, ACCOUNTING, OR TAX ADVICE, OR A RECOMMENDATION OR SOLICITATION TO BUY, SELL, OR HOLD ANY SECURITY OR ASSET. kappi is not registered as an investment adviser, broker-dealer, financial planner, or fiduciary with the SEC, FINRA, or any other regulatory body, and nothing in the Services should be construed as such. Content is not tailored to your circumstances. You are solely responsible for your own decisions and for conducting your own due diligence, and you should consult a qualified financial professional before making any investment decision. We do not provide recommendations, endorse any user, or produce research. Any reliance you place on the Services or their content is strictly at your own risk.

5. High-Risk Warning; Paper Trading

Trading financial instruments involves substantial risk and is not suitable for everyone. You may lose some or all of your capital. Options in particular can expire worthless, resulting in the total loss of premium paid. Do not trade with money you cannot afford to lose. Trades recorded on kappi are paper/hypothetical unless you independently place them with your own broker; hypothetical or simulated performance has inherent limitations, does not represent actual trading, and does not account for real-world factors such as slippage, commissions, execution differences, market impact, and liquidity constraints. Actual results may differ materially. PAST OR SIMULATED PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS, and no representation is made that any strategy will achieve profits or avoid losses.

6. User Content and Community Materials

You are solely responsible for the trade journal entries, text, and other content you submit (“User Content”), including its legality, accuracy, and appropriateness, and you represent that you have all rights necessary to submit it. You retain your rights in your User Content and grant us a worldwide, non-exclusive, royalty-free, sublicensable license to host, store, reproduce, aggregate, display, and distribute it to operate and improve the Services (including on the public leaderboard and shared track records).

The Services include information provided by other users. ALL STATEMENTS AND OPINIONS IN SUCH MATERIALS ARE SOLELY THOSE OF THE USER PROVIDING THEM. WE DO NOT VERIFY ANY USER’S IDENTITY, ENDORSE ANY USER, OR GUARANTEE THE ACCURACY OR USEFULNESS OF ANY USER CONTENT, AND ARE NOT LIABLE FOR IT. Do not post anything you wish to keep confidential or that infringes third-party rights.

7. Acceptable Use

You agree not to: (a) use the Services for any unlawful purpose; (b) copy, scrape, or automate the collection of other users’ trades or data, or attempt to copy another user’s trades in a manner not expressly permitted; (c) redistribute, resell, publish, or share any alerts, signals, scores, or other content obtained through the Services without our prior written consent; (d) disable, overburden, damage, or impair the Services, or launch any denial-of-service attack; (e) reverse-engineer, decompile, or attempt to derive source code except as permitted by law; (f) circumvent time-encryption delays, access controls, verification, or rate limits; (g) misrepresent your identity or the origin of content; or (h) interfere with any other party’s use of the Services. We may investigate and take appropriate action, including suspension or termination, for any violation.

8. Verifiable Records; Time-Encryption and Ledger Anchoring

A central feature of the Services is a tamper-evident record: trade entries are stamped with a server-assigned receipt time, may be time-encrypted so they cannot be read (even by us) until a future unlock, and their integrity may be anchored to a public distributed ledger such as Hedera. These mechanisms are designed to demonstrate that a record existed and was not altered after the fact. They are provided on an AS-IS basis. We do not warrant that any third-party network, ledger, or randomness beacon will be available, timely, accurate, or free from forks, delays, or defects, and we are not liable for their operation. See the drand disclaimer in Section 11.

9. RME Scores and Alerts

Risk-Multiple Efficiency scores, badges, streaks, chart overlays, and related alerts and notifications are automated, informational signals computed from your recorded trades and third-party market data. THEY ARE NOT ADVICE, PREDICTIONS, GUARANTEES, OR RECOMMENDATIONS, and should not be relied on for any trading or financial decision. Scores may be incomplete, delayed, or affected by inaccurate market data or insufficient trade history, and their methodology may change at any time. Notifications may be delayed, duplicated, or not delivered at all, and you should not rely on their timely receipt. If you provide a mobile number and opt in, you consent to receive account, verification, and trade-related SMS messages from us (including via automated systems) at that number; consent is not a condition of purchase. Message and data rates may apply; message frequency varies. Reply STOP to opt out of SMS and HELP for help. We and the carriers are not liable for delayed or undelivered messages.

10. The Browser Extension

The kappi extension is optional and provided under these Terms and, where applicable, the terms of the browser web store from which you install it. When enabled, and only on the supported sites you have open (such as Discord, X/Twitter, and your Matrix client), the extension reads trade-related text you direct it to so it can be parsed into a structured trade journal entry, uses your kappi session and identity to submit that entry, and may use browser storage, alarms, side-panel, offscreen, and scripting capabilities to do so. The extension does not collect your general browsing history and sends data only to kappi and the services needed to deliver your trades. You are responsible for complying with the terms of any third-party site you use the extension on. We may update the extension automatically to maintain security and compatibility.

11. Drand Time-Encryption Disclaimer

The Services use the public, decentralized drand randomness network to provide time-encryption. The drand network is operated by third parties and is outside our control. While it is designed to be reliable, WE MAKE NO GUARANTEE OR WARRANTY OF ANY KIND REGARDING ITS PERFORMANCE, AVAILABILITY, OR TIMING. In particular, the drand network may produce its randomness beacons EARLIER than their scheduled time — potentially by AS MUCH AS FIVE (5) MINUTES OR MORE — which can cause a time-sealed entry to become decryptable before its intended unlock time. It may also be delayed or unavailable. By using the Services you acknowledge and accept these risks, and you agree that we are not liable for any early, late, failed, or otherwise imperfect unlocking of time-sealed content.

12. Accounts and Security

You must keep your login credentials confidential and are responsible for all activity under your account. We may treat all actions taken through your account as authorized by you. Notify us immediately at support@kappi.me of any unauthorized use or security breach. We are not liable for losses arising from your failure to safeguard your credentials.

13. Fees, Payment, and Cancellation

Access to the Services may require a recurring platform subscription at the price displayed at sign-up. Fees are billed in advance through our third-party payment processor (currently Whop), and your payment is also subject to the processor’s own terms and privacy policy. Your subscription automatically renews at the then-current price at the end of each billing period until you cancel, and you authorize us and our processor to charge your payment method on a recurring basis. Any free trial automatically converts to a paid subscription unless you cancel before it ends. Fees are exclusive of taxes, for which you are responsible. Prices may change on reasonable notice, effective for subsequent billing periods. You may cancel at any time, and access continues through the end of the current paid period; except where required by law or granted at our sole discretion, fees are non-refundable. Promotional or referral codes may waive fees for a limited number of users or period and are subject to their stated conditions and to change. If a payment fails or is past due, we may suspend access and pursue amounts owed as permitted by law.

14. Intellectual Property

The Services, including all software, text, designs, and the kappi name and logo, are owned by us or our licensors and protected by intellectual-property laws. We grant you a limited, revocable, non-exclusive, non-transferable license to use the Services for their intended personal purpose. All rights not expressly granted are reserved. You may not use our marks without prior written permission. Other names and marks are the property of their owners.

15. Third-Party Services and Data

The Services rely on third parties, including market-data providers, payment processing (Whop), SMS (Twilio), email (SendGrid), single sign-on (Google/GitHub), Matrix homeserver/hosting, the drand network, and public ledgers such as Hedera. We rely on third-party market data that may be inaccurate, delayed, or flawed, which can affect prices, scores, and calculations. We do not control and are not responsible for third-party services, and your use of them may be subject to their own terms. Links to third-party sites are provided for convenience and are not endorsements.

16. Disclaimer of Warranties

YOUR USE OF THE SERVICES IS AT YOUR SOLE RISK. THE SERVICES, ALL CONTENT, AND ANY INFORMATION OBTAINED THROUGH THEM ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS, WITHOUT WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED. TO THE FULLEST EXTENT PERMITTED BY LAW, WE DISCLAIM ALL WARRANTIES, INCLUDING MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, AND NON-INFRINGEMENT. WE DO NOT WARRANT THAT THE SERVICES WILL BE ACCURATE, RELIABLE, SECURE, ERROR-FREE, OR UNINTERRUPTED, THAT DEFECTS WILL BE CORRECTED, THAT SCORES, DATA, OR TIME-ENCRYPTION/LEDGER FEATURES WILL BE ACCURATE OR TIMELY, OR THAT THE SERVICES ARE FREE OF HARMFUL COMPONENTS. THE FOREGOING DOES NOT AFFECT WARRANTIES THAT CANNOT BE EXCLUDED UNDER APPLICABLE LAW.

17. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW, IN NO EVENT WILL THE COMPANY, ITS AFFILIATES, OFFICERS, EMPLOYEES, AGENTS, SUPPLIERS, OR LICENSORS BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, PUNITIVE, OR EXEMPLARY DAMAGES, OR FOR ANY LOSS OF PROFITS, TRADING OR INVESTMENT LOSSES, GOODWILL, DATA, OR OTHER INTANGIBLE LOSSES, ARISING OUT OF OR RELATING TO THE SERVICES, WHETHER BASED IN CONTRACT, TORT, OR OTHERWISE, EVEN IF ADVISED OF THE POSSIBILITY. OUR TOTAL AGGREGATE LIABILITY FOR ALL CLAIMS RELATING TO THE SERVICES WILL NOT EXCEED THE GREATER OF (A) THE AMOUNTS YOU PAID US IN THE TWELVE (12) MONTHS BEFORE THE EVENT GIVING RISE TO THE CLAIM, OR (B) USD $100. This limitation does not apply to liability arising from our gross negligence or willful misconduct, or to other liability that cannot be limited under applicable law. Some jurisdictions do not allow certain limitations, so some of the above may not apply to you.

18. Indemnification

You agree to indemnify, defend, and hold harmless the Company and its affiliates and their respective officers, employees, and agents from and against any claims, liabilities, damages, losses, and expenses (including reasonable attorneys’ fees) arising out of or relating to your User Content, your use or misuse of the Services, your investment or trading activities undertaken in connection with or following use of the Services, your violation of these Terms or applicable law, or your infringement of any third-party right.

19. Binding Arbitration and Class-Action Waiver

PLEASE READ THIS SECTION CAREFULLY — IT AFFECTS YOUR RIGHTS. Except for small-claims matters and requests for injunctive relief relating to intellectual property, you and the Company agree to resolve any dispute arising out of or relating to these Terms or the Services by FINAL AND BINDING INDIVIDUAL ARBITRATION rather than in court, administered under the rules of a recognized arbitration provider, with the arbitration seated in Santa Clara County, California (or conducted remotely). YOU AND THE COMPANY AGREE THAT EACH MAY BRING CLAIMS AGAINST THE OTHER ONLY IN AN INDIVIDUAL CAPACITY, AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY CLASS OR REPRESENTATIVE PROCEEDING. The arbitrator has exclusive authority to resolve disputes about the interpretation or enforceability of this arbitration agreement, except that the class-action waiver is for a court to enforce. If the class-action waiver is found unenforceable, the arbitration agreement is void as to that dispute. You may opt out of this arbitration agreement by emailing support@kappi.me within 30 days of first accepting these Terms.

20. Governing Law and Venue

These Terms are governed by the laws of the State of California, without regard to its conflict-of-laws rules. Subject to Section 19, any suit not subject to arbitration will be brought exclusively in the state or federal courts located in Santa Clara County, California, and you consent to their jurisdiction and venue.

21. Suspension and Termination

We may suspend or terminate your access to all or part of the Services at any time, with or without notice, for any reason, including violation of these Terms. You may stop using the Services at any time. Upon termination, your license ends and provisions that by their nature should survive (including Sections 4–9, 11, and 14–22) will survive.

22. DMCA / Copyright

We respect intellectual-property rights. If you believe content on the Services infringes your copyright, send a notice to our designated agent at support@kappi.me including: your signature; identification of the work and the allegedly infringing material and its location; your contact information; a good-faith statement that the use is unauthorized; and a statement, under penalty of perjury, that the notice is accurate and you are authorized to act. We may remove infringing material and terminate repeat infringers.

23. Changes to the Services and Terms

We may modify or discontinue the Services, in whole or in part, at any time. We may revise these Terms from time to time; changes are effective when posted with a new “last updated” date, and material changes will be communicated by reasonable means. Your continued use after changes take effect constitutes acceptance.

24. Results, Testimonials, and Affiliate Disclosure

Any track records, leaderboard rankings, scores, testimonials, or results shown on the Services reflect specific users’ recorded (often paper/hypothetical) activity, are not typical or guaranteed, and do not predict your results. Simulated or hypothetical performance has inherent limitations and does not represent actual trading. We may pay or receive referral or affiliate compensation in connection with the Services (including through Whop referral or affiliate codes); where we have a material connection to a promoted offer, we disclose it as required by the FTC. Referral links and promotional codes are subject to their stated terms and may be limited or withdrawn.

25. Export Controls and Sanctions

You represent that you are not located in, and are not a national or resident of, any country or on any list subject to U.S. or other applicable embargoes or sanctions, and that you will not use the Services in violation of any export-control or sanctions law. We may restrict access from certain jurisdictions.

26. Feedback

If you send us feedback, suggestions, or ideas about the Services, you grant us a perpetual, irrevocable, worldwide, royalty-free license to use and incorporate them without any obligation or compensation to you.

27. Miscellaneous

These Terms and the Privacy Policy are the entire agreement between you and us regarding the Services and supersede prior agreements. If any provision is held unenforceable, it will be limited or severed and the remainder will stay in effect. Our failure to enforce a provision is not a waiver. You may not assign these Terms without our consent; we may assign them freely. We are not liable for any delay or failure caused by circumstances beyond our reasonable control (force majeure). You consent to receive notices and communications electronically. Notices to us may be sent to David Rose, 2010 El Camino Real, Santa Clara, CA 95050, or support@kappi.me.