Terms of Service

Effective date: 30 October 2026 These Terms are an agreement between you and us about your use of Lance. Read them together with our Privacy Policy and Risk Disclosure. If you do not agree to them, do not use Lance.

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1. Who we are

Lance is provided by Chadas Myriad Technologies Private Limited, a company incorporated in India (CIN U62090KA2024PTC188430), with its office at VO-381, WeWork Embassy TechVillage, Block L, Devarabisanahalli, Outer Ring Road, Bellandur, Bengaluru, Karnataka 560103, India. We trade as Lancers Technology. In these Terms, “we”, “us” and “our” mean Chadas Myriad Technologies Private Limited, and “you” means the person using Lance. “Lance” means all of the following:

• the Telegram trading bots we run, including bots that carry a community’s own name and logo;
• the wallet page at connect.lancetrade.xyz;
• Lance Trade, the web app at app.lancetrade.xyz;
• our website at lancetrade.xyz, our documentation, and any related services.

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2. Accepting these Terms

You accept these Terms when you start a Lance bot, connect a wallet, sign in to Lance Trade, or use Lance in any other way. If you use Lance for a company or other organisation, you confirm that you can bind it to these Terms, and “you” includes it.

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3. Who can use Lance

You may use Lance only if all of the following are true:

• You are at least 18 years old, and old enough to enter a binding contract where you live.
• You do not live in, are not located in, and are not organised under the laws of the United States, the United Kingdom, the province of Ontario in Canada, or any country or region under comprehensive sanctions, such as Cuba, Iran, North Korea, Syria and the Crimea, Donetsk and Luhansk regions of Ukraine (together, “Restricted Locations”).
• You are not named on a sanctions list kept by the United Nations, the European Union, the United Kingdom, the United States or India, and you are not owned or controlled by anyone who is.
• The laws that apply to you allow you to use Hyperliquid and to trade perpetual futures.
• We have not suspended or ended your access before.

You must not use a VPN, proxy or any other method to hide your location or get around these limits. We may block access from Restricted Locations, and we may ask you for information to confirm that you are eligible. We may change the list of Restricted Locations at any time.

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4. What Lance is, and what it is not

Lance is software. It lets you send orders to Hyperliquid, a third-party exchange, from Telegram or a web browser, using your own Hyperliquid account.

• You make every trading decision. Lance only places the orders you ask for, including the take-profit and stop-loss orders you set.
• Lance does not hold your funds. Your funds stay in your Hyperliquid account, which your wallet controls.
• Lance does not give advice. Nothing in Lance is investment, financial, legal or tax advice, or a recommendation to trade. That includes prices, charts, default order sizes and leverage, alerts, and anything a community or its owner says.
• Our role is limited. We are not a broker, exchange, investment adviser, portfolio manager or custodian, and we do not act as your agent or fiduciary.
• Hyperliquid is independent. It is not owned by us, affiliated with us, or endorsed by us. Your orders are matched, settled and recorded on Hyperliquid under Hyperliquid’s own terms, which also apply to you.

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5. Community bots

Most Lance bots carry the name and logo of a trading community, creator or other business (a “Partner”). When you use a Partner’s bot:

• We run the bot and the software. The Partner supplies its name, logo and welcome message.
• We set each bot’s markets, highest leverage, largest order size, quick-trade amounts and maximum slippage for market orders, as agreed with its Partner. We may change these limits at any time.
• The Partner receives a share of the Lance fee on your trades (see section 9). This does not change what you pay.
• The Partner can see information about how you use its bot, including your Telegram username and ID, your wallet address and your trades. Section 5 of our Privacy Policy describes what it sees.
• Partners are independent businesses. They are not our employees or agents, and they cannot make promises for us. We are not responsible for what a Partner says or posts, including trade ideas, calls or courses in its community.
• If a Partner’s bot is paused or closed, you may lose access to Lance through that bot. Your funds and positions stay on Hyperliquid.

If you are a Partner, your separate partner agreement with us also applies.

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6. Your wallet and your Lance trading key

To trade, you connect your wallet on connect.lancetrade.xyz. Connecting works like this:

1. Lance creates a new trading key for you. Hyperliquid calls this an “API wallet”.
2. Your wallet signs a message that proves the wallet is yours. This signature cannot move funds.
3. Your wallet approves the trading key on Hyperliquid, and approves the Lance fee at the rate shown on the page.

On Hyperliquid, the trading key can place and cancel orders, change leverage, set take-profit and stop-loss orders, and move funds between your own Hyperliquid balances, sub-accounts and vaults. Hyperliquid does not let it withdraw your funds or send them to another wallet. It stops working about 180 days after you approve it. The bot tries to remind you before then, and you can renew it with one signature. We store the key encrypted, and our software uses it only for orders you ask for or set up. You are responsible for the security of your wallet, seed phrase, private keys, Telegram account and devices. In particular:

• We will never ask for your seed phrase or private key. Anyone who does is not us.
• Sign Lance approvals only on connect.lancetrade.xyz, and check the address before you sign. Fake bots and fake sites that copy Lance and our Partners are likely.
• Anyone who controls your Telegram account can use your bot and trade on your Hyperliquid account. Protect your Telegram account with a password and two-step verification. If you lose access to it, you lose access to your bot, but your funds stay on Hyperliquid and you can revoke the trading key there.

You can stop Lance from trading for you at any time. Tap Remove access in your bot, or revoke the API wallet on Hyperliquid. Your open positions, take-profit and stop-loss orders stay on Hyperliquid, where you can manage them directly.

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7. Placing orders

• Before you open or close a position, Lance shows the market, direction, size, leverage and fee, and waits for you to confirm. If you turn off confirmations in Settings, a single tap sends the order without that screen. Setting, changing or cancelling take-profit, stop-loss and limit orders may take effect straight away.
• Market orders fill at the best available price within a slippage limit. If the price moves past that limit, the order may fill in part or not at all. Limit orders wait on Hyperliquid’s order book until they fill or are cancelled.
• Take-profit and stop-loss orders wait on Hyperliquid until the price reaches the trigger. In fast markets they may fill at a worse price than the trigger, or not fill at all.
• An order can fail, fill in part, or end with an unknown status because of problems with Hyperliquid, Telegram, the network or Lance. If you are unsure whether an order went through, check your account on Hyperliquid before you try again.
• We may refuse to send an order, or cancel one that we sent, if it breaks a Partner’s limits, Hyperliquid’s rules, these Terms or the law, or if we suspect fraud or a security problem.
• Prices, balances, profit and loss, liquidation prices and charts in Lance come from Hyperliquid. They may be delayed or wrong. Hyperliquid’s records are the final record of your account.
• Lance may message you when an order fills, when a position nears liquidation, when a position is liquidated, or when your trading key is about to expire. These messages may arrive late or not at all. You remain responsible for watching your positions.

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8. Lance Trade

• You sign in to Lance Trade with a one-time link from your bot. Each link works once, for 10 minutes. Do not share it.
• A sign-in lasts up to 30 days, or until you sign out or disconnect your wallet.
• A signed-in browser can trade on your account, but it cannot withdraw your funds. Sign out on shared or lost devices. The bot’s Devices screen lists every signed-in browser and lets you sign out each one, or all of them.
• Lance Trade does not hold trading keys. It passes your orders to the bot, which signs them with your trading key.

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9. Fees

• Lance charges a fee of 0.05% of the value of each fill of an order placed through Lance, including take-profit and stop-loss orders. The bot shows it as the “Bot fee”.
• Hyperliquid collects the fee when the order fills, as a “builder fee”, and pays it to an address we control. It is charged on top of Hyperliquid’s own trading fees, funding payments and any other costs, which we do not set.
• You approve the highest Lance fee rate in your wallet when you connect. Hyperliquid does not let us charge more than the rate you approved. A higher rate would need a new approval from you, and you can refuse it and stop using Lance.
• The current fee is shown on our website and on the confirmation screen before you open or close a position. We may change it. Any increase applies only after you approve it as described above.
• Fees are taken when the order fills and are not refundable, including on losing trades or orders placed by mistake, unless the law requires a refund.
• We share part of the fee with the Partner whose bot you use.
• You are responsible for any taxes on your trading.

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10. Risks you accept

By using Lance, you understand and accept that:

• Trading perpetual futures with leverage is high risk. You can quickly lose all the money you put in. Hyperliquid can close your positions automatically when they reach liquidation.
• Crypto prices are volatile and markets can be thin. Hyperliquid may reduce positions automatically, change margin rules, or pause or remove markets.
• Hyperliquid, its blockchain, bridges, price oracles and smart contracts can fail, be attacked or change. We have no control over them.
• Lance, Telegram, your wallet or your internet connection may fail or be slow at the moment you need them.
• If someone gets hold of your Telegram account, your trading key or a signed-in browser, they can place trades on your account.
• Laws on crypto and derivatives change, and a change may stop you from using Lance.

Our Risk Disclosure explains these risks further.

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11. Acceptable use

You must not:

• break any law, including laws on money laundering, terrorist financing, sanctions, tax or market abuse;
• manipulate a market, wash trade or spoof orders;
• use Lance on someone else’s account without their permission;
• attack, overload, probe or reverse engineer Lance, or try to reach keys, tokens or data that are not yours;
• use bots, scripts or scrapers against Lance beyond normal personal use;
• copy Lance, or run a bot, site or account that pretends to be Lance or a Partner;
• use Lance to send spam, malware or harmful content;
• help anyone else do any of these things.

If you find a security weakness in Lance, report it to official@lancers.technology and do not use it. We will not take action against good-faith reports that follow this rule.

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12. Changes to Lance

We may add, change or remove features, markets, limits or bots, or stop offering Lance in some or all places, at any time. Where it is practical, we will give notice of major changes through the bot or our website. Lance may be unavailable during maintenance or outages.

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13. Suspending or ending your access

• You can stop using Lance at any time. To end the bot’s ability to trade, tap Remove access or revoke the API wallet on Hyperliquid.
• We may suspend or end your access, retire your trading key, or sign you out of Lance Trade, with or without notice, if we reasonably believe that you broke these Terms, that you are in a Restricted Location, or that you pose a legal, security or fraud risk. We may also do this when the law, Hyperliquid or Telegram requires it.
• When your access ends, your funds and positions stay on Hyperliquid, where you can manage them directly. We do not manage or close positions for you.
• Sections 4, 9 (for fees already charged), 10 and 14 to 21 continue to apply after your access ends.

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14. Intellectual property

The Lance software, design and text, and the Lance and Lancers names and logos, belong to us or our licensors. Partner names and logos belong to the Partners. We give you a personal, non-exclusive, non-transferable licence to use Lance under these Terms, which we can withdraw at any time. If you send us feedback or ideas, we may use them without paying you.

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15. Third-party services

Lance relies on services that we do not control, including Hyperliquid, Telegram, your wallet software and our hosting providers. Their own terms and privacy policies apply to your use of them. We are not responsible for them, their availability or any loss they cause.

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16. Disclaimers

To the extent the law allows, Lance is provided “as is” and “as available”. We do not promise that Lance will be uninterrupted, free of errors or secure, or that any order will be sent or filled at a particular price or time. We exclude all implied warranties, including those of merchantability, fitness for a particular purpose and non-infringement. Where the law does not allow these exclusions, they apply only as far as it allows.

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17. Limits on our liability

To the extent the law allows:

• We are not liable for trading losses, liquidations, missed or delayed trades, lost profits, lost data, or any indirect, special, consequential or punitive loss.
• We are not liable for loss caused by Hyperliquid, Telegram, your wallet, a Partner, a network or blockchain failure, events outside our reasonable control, or anyone else using your Telegram account, wallet, trading key or signed-in browser.
• Our total liability to you for all claims is limited to the greater of the Lance fees you paid in the 12 months before the event that caused the claim, or USD 100.

Nothing in these Terms limits liability for fraud, for death or personal injury caused by negligence, or for anything else the law does not allow us to limit.

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18. Indemnity

You agree to cover our losses, costs and reasonable legal fees arising from a claim by anyone else that is caused by your breach of these Terms, your breach of the law, or your misuse of Lance.

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19. Governing law and disputes

These Terms are governed by the laws of India. Before you start a formal claim, contact us at official@lancers.technology and give us 30 days to try to settle it. If we cannot settle it, the courts in Bengaluru, Karnataka, India, will decide the dispute, unless the law where you live gives you the right to bring it somewhere else.

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20. Changes to these Terms

We may update these Terms. We will publish the new version with a new effective date. For a material change, we will tell you through the bot or our website at least 14 days before it takes effect, unless a legal or security reason needs it to apply sooner. If you keep using Lance after a change takes effect, you accept the new Terms.

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21. General

• These Terms and our Risk Disclosure are the whole agreement between you and us about Lance. Our Privacy Policy explains how we handle your data. If you are a Partner and these Terms conflict with your partner agreement, the partner agreement applies.
• If a court finds any part of these Terms unenforceable, the rest stays in force.
• If we do not enforce a right, we have not given it up.
• You may not transfer your rights under these Terms. We may transfer ours to a group company, or as part of a merger, acquisition or sale of our business.
• We are not responsible for delays or failures caused by events outside our reasonable control.
• If these Terms are translated, the English version applies.

We may send you notices through your bot, Lance Trade or our website. Send notices to us at official@lancers.technology.

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22. Contact

Chadas Myriad Technologies Private Limited (Lancers Technology), CIN U62090KA2024PTC188430, VO-381, WeWork Embassy TechVillage, Block L, Devarabisanahalli, Outer Ring Road, Bellandur, Bengaluru, Karnataka 560103, India. Email: official@lancers.technology. Our official addresses are lancetrade.xyz, connect.lancetrade.xyz and app.lancetrade.xyz. Lance asks for wallet signatures only on connect.lancetrade.xyz.