Network Live

Cryptix DEX Terms of Use

Last Updated: October 2025

Contact: info@cryptix-network.org

1. General

  1. The platform "Cryptix DEX" is a decentralized marketplace for CPAY.
  2. Cryptix DEX acts as a technical coordinator between buyers and sellers.
  3. By using the platform, users accept these terms.
  4. A platform fee in CPAY is applied for anti-spam and operational control.

2. No Custody

  1. Cryptix DEX does not hold user private keys.
  2. Cryptix DEX does not hold user fiat balances.
  3. Transactions use multisignature wallets and required signatures.
  4. Without required signatures, funds cannot be moved.

3. Signing and Transaction Model

  1. Wallets are created locally by users on their own devices.
  2. Private keys remain local to the user environment.
  3. Sale flow uses 2-of-2 multisig (DEX + seller).
  4. Purchase flow uses 2-of-3 multisig (DEX + buyer + seller).
  5. Transactions are generated unsigned first, then signed by required parties.
  6. Broadcast happens only after valid required signatures are present.

4. Fees

  1. Buyer fee: approximately USD 0.50 in CPAY per transaction.
  2. Seller fee: approximately USD 0.25 in CPAY for offer creation.
  3. Fees are anti-spam controls and are non-refundable.
  4. Fee handling follows current DEX fee policy and implementation.

5. External Payments (Fiat / Bank / Third Party)

  1. Users may list external payment methods in offers.
  2. Cryptix DEX does not process external fiat payments.
  3. External payment execution and risks remain with users.
  4. Multisig release logic is independent from off-chain payment systems.

6. User Obligations

  1. Users with active offers or trades must check DEX regularly.
  2. After buyer registration, seller response is required within configured time windows.
  3. After seller acceptance, buyer payment is required within configured time windows.
  4. Missing required actions may trigger intervention, cancellation, or restrictions.

7. Technical Requirements

  1. The DEX Daemon must run for buyer/seller actions.
  2. The daemon folder and key storage must not be deleted.
  3. Losing local key material can permanently block access to related funds.
  4. Users are responsible for secure backups of local wallet data.

8. Disputes and Admin Intervention

  1. Disputes can be reported through DEX problem/reporting functions.
  2. Admin intervention is limited to dispute/stuck-flow resolution paths.
  3. Admin actions follow current multisig and policy constraints.
  4. Manual review can be required for exceptional transaction states.

9. Liability Disclaimer

  1. No guarantee is provided for exchange rates, returns, or profits.
  2. Cryptix DEX is not liable for third-party payment failures or fraud.
  3. Cryptix DEX is not liable for user-side key loss or local system compromise.
  4. Cryptix DEX is not liable for external network or infrastructure outages.

10. Compliance and Jurisdiction

  1. Users are responsible for local legal, tax, and regulatory compliance.
  2. Use of the platform is only permitted where local law allows it.
  3. Cryptix DEX assumes no liability for user-side legal violations.

11. Prohibited Behavior

  1. Fraud, exploitation, or abuse attempts are prohibited.
  2. Security abuse may result in immediate restrictions or suspension.
  3. Policy violations can trigger manual review and enforcement actions.

12. Modifications to Terms

  1. Cryptix DEX may update these terms.
  2. Updated versions are published by the project.
  3. Continued platform use after updates means acceptance of revised terms.

13. Final Provisions

  1. If one provision is invalid, remaining provisions remain effective.
  2. Technical details: Cryptix DEX Whitepaper (PDF).