Terms & Conditions

Last updated: February 8, 2026

1. Acceptance of Terms

By accessing or using FENNEC (fennecbtc.xyz) and its services, you agree to be bound by these Terms and Conditions. If you do not agree, do not use the service.

2. Description of Service

FENNEC provides:

  • Fennec Swap — a decentralized exchange interface for swapping FB (Fractal Bitcoin) and BTC
  • Fennec Launchpad — a fair-launch platform for creating and trading tokens on a bonding curve, with on-chain graduation to an InSwap liquidity pool
  • Fennec ID — an on-chain identity card minted as a Bitcoin inscription on Fractal Bitcoin
  • Fennec Terminal — a dashboard for tracking balances, prices, and on-chain activity

3. Eligibility

You must be of legal age in your jurisdiction to use this service. You are solely responsible for ensuring that your use of FENNEC complies with all laws applicable to you.

4. Wallet & Transactions

FENNEC is a non-custodial service. We never hold, control, or have access to your funds, private keys, or seed phrases. All transactions are signed locally in your browser using your wallet extension (e.g., UniSat).

You are fully responsible for:

  • Securing your wallet and private keys
  • Verifying transaction details before signing
  • Understanding the risks of blockchain transactions (irreversibility, fee volatility, etc.)

5. Fennec ID Inscriptions

Fennec ID cards are minted as HTML inscriptions on Fractal Bitcoin. Minting and updating (burn + remint) involves on-chain transactions with associated network fees. These fees are non-refundable.

The content of your Fennec ID is derived from publicly available on-chain data and is generated automatically. We do not guarantee the accuracy, completeness, or timeliness of the displayed metrics.

6. Fennec Launchpad & Fair Launch

The Fennec Launchpad lets anyone create a token on Fractal Bitcoin and trade it on an automated bonding curve. Launches are designed to be fair — there is no presale and no pre-mine. Every token on the sale curve is available to the public on the same terms.

  • Each launch has a fixed total supply (1,000,000,000 tokens by default). 80% is sold on the bonding curve; 20% is reserved to seed liquidity at graduation.
  • Price is set algorithmically by a constant-product curve: buying raises the price, selling lowers it. Prices, market cap, and progress shown in the app are estimates based on the current curve state and are not guarantees.
  • A single buy is capped (by default, 10% of the sale supply) to limit concentration.
  • When all sale-curve tokens are sold, the token graduates: the protocol deploys the BRC-20 on-chain, creates an InSwap liquidity pool paired with sFB, and distributes purchased tokens to their buyers.
  • Token deployment, minting, and graduation inscriptions are performed on-chain by Fennec's treasury infrastructure. You always retain control of your own wallet and the assets in it.

Creating or buying a token is not an investment, and a launch may never graduate. You are solely responsible for your decisions and any losses.

7. Fees

Fees are shown in the app at the time of each action and may change. As of the current version:

  • Token creation — a small on-chain fee (approximately 0.01 FB) covering the cost of the deploy inscription. This is a network/inscription cost, not a subscription.
  • Trading fee — up to 2% per buy or sell on the bonding curve. Holders of a Fennec ID receive a reduced rate based on their tier (as low as 1%).
  • Creator share — the creator of a token earns a portion of the trading fee on that token (20% of the fee by default); Fennec retains the remainder.
  • Referral rewards — referral rewards apply to Fennec ID minting (the referrer earns 10% of the mint fee). They do not apply to Launchpad trades.
  • Network & InSwap fees — on-chain transactions, inscriptions, and InSwap deposits, withdrawals, and swaps carry their own network and InSwap fees, separate from Fennec's fees.

All fees are non-refundable once a transaction is broadcast.

8. Risks

Cryptocurrency and blockchain technologies involve inherent risks including but not limited to:

  • Price volatility of FB, BTC, and other assets
  • Launchpad tokens are highly speculative — a launch may never graduate and a token may lose all of its value
  • Bonding-curve prices move sharply with trading volume and can be heavily affected by large buys or sells
  • Smart contract and protocol-level vulnerabilities
  • Network congestion and transaction delays
  • Loss of access to wallets or inscriptions

FENNEC is not responsible for any losses incurred through the use of our service.

9. Intellectual Property

The FENNEC brand, logo, website design, and code are the property of FENNEC. Fennec ID card designs and on-chain inscriptions are owned by the wallet that holds them.

10. Limitation of Liability

FENNEC is provided "as is" without warranties of any kind. To the maximum extent permitted by law, we disclaim all liability for damages arising from the use or inability to use our services, including direct, indirect, incidental, or consequential damages.

11. Modifications

We reserve the right to modify these Terms at any time. Continued use of the service after changes constitutes acceptance of the new Terms.

12. Contact

For questions about these Terms, contact us at support@fennecbtc.xyz.