Terms of Service

Last updated: placeholder — draft with counsel before launch.

1. What Basin is

Basin is a social network where posts can carry a reward pool, funded in a native token, a stablecoin, or a tokenized real-world asset, and distributed to users who engage with the post within a fixed window.

2. Wallets and custody

Signing up creates an embedded, self-custodial wallet on Robinhood Chain via Privy. Basin never holds your private keys. Reward pool funds are held in an on-chain escrow contract, not by Basin directly, and are distributed via Merkle-proof claims that anyone can independently verify on-chain.

3. Tokenized equities

Reward pools funded in tokenized equities involve exposure to real-world financial instruments. [Placeholder — this section needs input from counsel on securities-law treatment, geofencing, and KYC requirements before launch.]

4. Prohibited conduct

Manipulating engagement (bot activity, sockpuppet accounts, coordinated inauthentic engagement) to claim a larger share of a reward pool is prohibited and may result in forfeiture of claimable rewards and account suspension.

5. No warranty

Basin is provided as-is. Smart contracts, however carefully tested, carry inherent risk. [Placeholder — full disclaimer language needed from counsel.]