Terms of Service

1. Acceptance of Terms

By accessing or using Vibestarter ("the Service"), you agree to be bound by these Terms of Service. Vibestarter is a crowdfunding platform for vibecoded applications on the Base blockchain. The Service enables founders to raise funds for AI-collaborative software projects, and enables backers to contribute to projects they believe in while receiving project-specific tokens.

2. Description of Service

Vibestarter provides a crowdfunding platform with the following features:

• Launch fundraising campaigns ("raises") for vibecoded projects
• Create project-specific tokens ("Vibetokens") distributed to backers
• Record on-chain provenance through Origin Capsules proving AI-human collaboration
• Hold contributed funds in smart contract escrow
• Release funds to founders through time-based tranches over 6 months
• Enable community oversight through challenge mechanisms

3. Eligibility

You must be at least 18 years old and capable of forming a binding contract to use this Service. By using Vibestarter, you represent that you meet these requirements and that your use complies with all applicable laws in your jurisdiction.

4. Wallet Connection

To use Vibestarter, you must connect a compatible cryptocurrency wallet. You are solely responsible for maintaining the security of your wallet and private keys. We do not have access to your private keys and cannot recover them if lost. All transactions require your wallet signature and approval.

5. For Founders

5.1 Launching a Raise

Founders may launch raises by providing accurate project information, uploading AI transcript proof for Origin Capsule creation, defining a roadmap, and setting funding parameters. By launching a raise, you represent that all information provided is truthful and that you intend to deliver on your stated roadmap.

5.2 Raise Types

Vibestarter offers three raise types: Fixed Goal (all-or-nothing with full refunds if goal not met), Open-Ended (flexible funding with optional soft cap), and Pro-Rata (hard cap with proportional allocation if oversubscribed). Each type has different refund conditions as described in our documentation.

5.3 Fund Release Schedule

Upon successful raise completion, funds are released as follows: 10% immediately ("Kickstart Tranche"), followed by 15% monthly for 6 months. Each monthly tranche is subject to a 72-hour challenge window before release. Funds are released based on time, not milestone completion.

5.4 Token Allocation

Token distribution is fixed at: 70% to backers (proportional to contribution), 20% to liquidity pool (locked indefinitely), and up to 10% to the founder. Founders define token name, symbol, and total supply at raise creation.

6. For Backers

6.1 Contributing to Raises

Backers contribute ETH to raises and receive Vibetoken allocations proportional to their contribution. All contributions go directly to smart contract escrow, not to founder wallets. Tokens can be claimed after a raise successfully completes.

6.2 Refund Conditions

Refunds are available when: a Fixed Goal raise does not reach its target by deadline, an Open-Ended raise does not meet its soft cap (if set), a raise is cancelled by Vibestarter during the funding period, or a project is terminated after funding (proportional refund based on Vibetoken holdings at time of cancellation). Refunds are available immediately after on-chain cancellation and remain available indefinitely.

6.3 Challenge System

Token holders with at least 0.5% of a project's token supply may challenge tranche releases during the 72-hour challenge window by staking tokens. Challenges are reviewed by the Vibestarter team. If a challenge is upheld, the tranche may be frozen and the project may be terminated with proportional refunds to backers.

7. Escrow and Smart Contracts

All funds raised are held in dedicated smart contract escrow. Each raise deploys its own escrow contract from factory templates. Contracts use battle-tested OpenZeppelin libraries for core security patterns. Contract code is verified on Basescan.

Liquidity pool tokens are locked indefinitely at raise finalization to prevent founders from pulling liquidity. Neither Vibestarter nor founders can bypass the programmatic release conditions.

8. Platform Fees

Vibestarter charges a 2.5% fee on successfully funded raises, deducted at each tranche release. This consists of 2.0% platform revenue and 0.5% operations reserve (for infrastructure, dispute resolution, and platform protection). No fees are charged on failed or refunded raises.

9. Origin Capsules

Origin Capsules are on-chain attestations proving AI-human collaboration in project development. They contain: AI transcript hash, agent tool used, model provider, founder identity, token metadata, and creation timestamp. Origin Capsule data is immutable once recorded on the blockchain. Vibestarter records provenance claims but does not independently verify the underlying accuracy of submitted transcripts.

10. Platform Rights

Vibestarter reserves the right to:

• Cancel raises during the funding period if Terms are violated or fraud is suspected
• Terminate projects after funding if challenges are upheld or serious violations occur
• Suspend or terminate user access for Terms violations
• Modify platform features and documentation

In any cancellation or termination, backers will receive refunds as described in Section 6.2.

11. Risks and Disclaimers

11.1 Token Risks

Vibetokens are project-specific tokens created on the Base blockchain. Token purchases involve significant risk. The regulatory status of tokens may vary by jurisdiction. Nothing on this platform constitutes investment advice. Consult qualified legal and financial advisors before participating.

11.2 Project Risks

Backing a project does not guarantee that the founder will deliver on their roadmap. While the challenge system provides oversight, projects may still fail to deliver despite receiving funding. Vibestarter does not guarantee project success or token value.

11.3 Blockchain Risks

All transactions occur on the Base blockchain. Blockchain transactions are irreversible. You are responsible for all gas fees. Smart contracts, while designed for security, may contain undiscovered vulnerabilities. Network congestion or outages may affect transaction timing.

12. Disclaimer of Warranties

THE SERVICE IS PROVIDED "AS IS" WITHOUT WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED. WE DO NOT GUARANTEE THE ACCURACY, COMPLETENESS, OR RELIABILITY OF ANY INFORMATION PROVIDED BY FOUNDERS OR RECORDED THROUGH THE SERVICE. WE DO NOT GUARANTEE THAT ANY PROJECT WILL DELIVER ON ITS STATED ROADMAP OR THAT ANY TOKEN WILL HAVE OR RETAIN VALUE.

13. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW, VIBESTARTER SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING BUT NOT LIMITED TO LOSS OF PROFITS, DATA, TOKENS, OR OTHER INTANGIBLE LOSSES, RESULTING FROM YOUR USE OF THE SERVICE, CONTRIBUTIONS TO RAISES, OR PROJECT FAILURES.

14. User Responsibilities

You agree to:

• Provide accurate information in all submissions
• Conduct your own research before contributing to any raise
• Not use the Service for fraudulent or misleading purposes
• Not attempt to manipulate or exploit platform mechanisms
• Comply with all applicable laws and regulations
• Not infringe on the intellectual property rights of others
• Maintain the security of your wallet and private keys

15. Modifications

We reserve the right to modify these Terms at any time. Changes will be effective immediately upon posting with an updated revision date. Your continued use of the Service after changes constitutes acceptance of the modified Terms. Material changes will be announced through our official channels.

16. Contact

For questions about these Terms, please reach out via X (Twitter).