# Introduction
[**Neverlose.money**](https://neverlose.money/) is a lock-up smart contract HODL protocol on Ethereum that pays a bonus to the winners with the losers penalty. It’s a first-ever gamified protocol for long-term HODLERS to motivate their long-term investment along with other HODLERS.
This platform is inspired by the value investment strategy from Warren Buffett. He is a well-known investor who concretely holds an investment asset once he has strong confidence about the long-term profit.
One of the most famous quotes from him is - “If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes.” This perfectly shows the underlying spirit about the Neverlose.money platform.
Neverlose.money is designed for crypto investors who want to invest like Warren Buffett. Long-term investment in the crypto market is far more difficult than the stock market as you will have to withstand more ups and downs. **We have designed the perfect social HODL protocol on Ethereum that lets anyone invest in crypto assets like Warren Buffett, the master of value investing.**
* Site -
* FAQ -
* Bug Bounty -
* Security Audit -
* Community (Discord) -
* Uniswap WRN-ETH Pair -
# Information
### Sites
* Website -
* Contract address - [0x7edBE5aF30Ba6Ba2DE9EdDc72C2f585D1B0D5775](https://etherscan.io/address/0x7edBE5aF30Ba6Ba2DE9EdDc72C2f585D1B0D5775)
* Github repo -
* Discord -
* Uniswap WRN-ETH Pair -
### Token Contract Address
* WRN (WARREN) - 0x6a76Fe028056717703F357d1D073B439e4D24b0E
* WETH (Wrapped-ETH) - 0xc02aaa39b223fe8d0a0e5c4f27ead9083c756cc2
* WBTC (Wrapped-BTC) - 0x2260fac5e5542a773aa44fbcfedf7c193bc2c599
* HUNT - 0x9aab071b4129b083b01cb5a0cb513ce7eca26fa5
# User Guide
## Connect wallet
When you go to the main page, you will see the `connect` button on the top right. Please select your preferred Ethereum wallet. Once you connect to the site, you will be able to access the dashboard.
## Prepare assets to lock-up
Neverlose.money is a lock-up smart contract ([0x7edBE5aF30Ba6Ba2DE9EdDc72C2f585D1B0D5775](https://etherscan.io/address/0x7edBE5aF30Ba6Ba2DE9EdDc72C2f585D1B0D5775)) that enables you to lock-up your long-term cryto assets. Currently, Neverlose.money supports the following crypto assets.
### WETH (wrapped-ETH)
[Wrapped ETH (WETH)](https://www.coingecko.com/en/coins/weth) is a token that represents Ether 1:1 and conforms to the ERC20 token standard. Ether is not an ERC20 token, this is why we need to wrap it first. You can simply wrap your ETH in the dashboard as below (you need to approve the contract first before using the swap interface). You can also use Relay, Uniswap, or other exchanges.
### WBTC (wrapped-BTC)
[Wrapped Bitcoin (WBTC)](https://www.coingecko.com/en/coins/wrapped-bitcoin) is an ERC-20 token backed 1:1 by Bitcoin, bringing the liquidity of Bitcoin to the Ethereum ecosystem. You can simply swap your ETH to WBTC in the dashboard, or use Uniswap, Binance, or other exchanges that support the WBTC trading pair.
### HUNT
[HUNT token](https://www.coingecko.com/en/coins/hunt) is a ERC20 based cryptocurrency that works as the key currency for [HUNT Network](https://token.hunt.town/) - a DApp network for digital nomads. You can simply swap your ETH to HUNT in the dashboard, or use Uniswap, Upbit, or other exchanges that support the HUNT trading pair.
Before you begin, please make sure that you've added the following tokens to your wallet.
* WRN (WARREN) - 0x6a76Fe028056717703F357d1D073B439e4D24b0E
* WETH (Wrapped-ETH) - 0xc02aaa39b223fe8d0a0e5c4f27ead9083c756cc2
* WBTC (Wrapped-BTC) - 0x2260fac5e5542a773aa44fbcfedf7c193bc2c599
* HUNT - 0x9aab071b4129b083b01cb5a0cb513ce7eca26fa5
## Simple rules
1. You can lock-up your Bitcoin (WBTC), Ether (WETH), or HUNT asset with a set target period from **3 months to a maximum of 10 years**.
2. While you continue your lock-up, you will **get a bonus** based on your effective share whenever some users fail to HODL and withdraw their funds within the lock-up period.
3. You can withdraw your fund anytime you want, but you will get charged a **10% penalty** + 3% treasury fund if you break and withdraw the fund WITHIN the set lock-up period.
## How to lock-up
Click the lock-up button in the asset tab that you want to lock-up. If this is your first time to use Neverlose.money, you will need to approve (as below) before the lock-up transaction.
Click the lock-up button again, and then you will see the pop-up window as below. Set the lock-up amount and period from 3 months to a maximum of 10 years, and lock-up the asset.
Once you successfully complete your lock-up period, you will see the approval message on the top-right and the locked-up asset on the Lock-up feed at the bottom of the dashboard.
## How to earn bonuses
Whenever someone breaks the contract and withdraws his/her fund BEFORE the set lock-up period ends, the 10% penalty will be spread to you while you have assets in an active lock-up. The percentage of the bonus you receive will be proportional to the shares of your effective asset amount and the length of their set lock-up period. Please read [this part](https://docs.neverlose.money/getting-started/faq#how-is-the-bonus-calculated) of the FAQ to learn more about the logic used to calculate the bonus.
When a bonus arrives, you will see the pending bonus amount on the dashboard as below.
Click the `Claim pending` button, and then the bonus will be distributed to your wallet directly.
## How to unlock
Once the locked-up asset has finished its lock-up period, the green withdraw button will appear. Click the green button, and then you will see the pop-up window as below. It will show the lock-up amount to withdraw without any deductions from your original amount.
## How to break & withdraw
As explained above, you can withdraw your asset anytime you want within the lock-up period, but you will be charged a 10% penalty plus 3% treasury fund. This penalty fund will be shared with other users who are maintaining their active HODL assets. You will also be able to earn the bonus from yourself if you're maintaining multiple HODL assets in the same pool and you break one of them. The additional 3% of the broken amount goes towards the treasury fund, which will be used for the HUNT burning system. [Learn more](https://docs.neverlose.money/getting-started/faq#can-i-withdraw-my-asset-within-the-lock-up-period-and-what-is-the-penalty-and-platform-fee)
## Claim WRN (WARREN token)
WRN is a governance token of the Neverlose.money platform. WRN tokens are distributed to those who have active lock-up assets proportional to each effective asset value. Please read [this part](https://docs.neverlose.money/getting-started/faq#how-are-wrn-tokens-distributed) of the FAQ to learn more about the details of WRN distributions.
Before you claim the WRN, please make sure that you've added the WRN token on your wallet. The contract address for the WRN token is `0x6a76Fe028056717703F357d1D073B439e4D24b0E`. The way to add a new token may vary for each wallet service you use. The below example is based on Metamask.
1\) Click the `Add Token` button at the bottom of your wallet.
2\) Add the WRN token contract address on the Custom Token tab - 0x6a76Fe028056717703F357d1D073B439e4D24b0E
.png?alt=media\&token=b4149755-b2ef-4af2-b77c-4d432a57ec4a)
3\) The WRN token will be shown as below. Click the `Add Tokens` button.
.png?alt=media\&token=37c5af28-b9bd-4823-b8c3-0499a51138f1)
The generated WRN goes to the pending section, and you need to claim the pending amount to earn.
You will see the pending WRN tokens in each WETH, WBTC and HUNT asset separately, so you need to claim them individually.
## About the auto-pending claims
Whenever you make a new transaction such as locking-up a new asset, or unlocking/ breaking the locked-up asset, the pending bonus and WRN in the same asset pool will be automatically claimed together. For example, if you make a new lock-up asset of WETH, the pending WETH bonus and pending WRN from the WETH asset pool will be claimed with the lock-up transaction. Other pending bonuses and WRN (in the case above - WBTC or HUNT) will not be affected.
## Questions
If you have any questions, suggestions, or any topics to discuss with others or the team, please use the Discord channel (). You can also email us via .
# FAQ
## How do I use Neverlose.money?
### 1) Connect your wallet
You can connect with Neverlose.money via Metamask, Coinbase Wallet, Ledger, and Wallet Connect.
### 2) Lock-up your asset with a set target period
You can choose to lock-up your Bitcoin (WBTC), Ether (WETH), or HUNT asset with a set target period from 3 months to a maximum of 10 years. Once you approve and lock-up your asset, the fund will be locked via the smart contract with the set period.
### 3) Get constant bonuses during your lock-up period
While you continue your lock-up, you will get a bonus based on your effective share whenever some users fail to HODL and instead withdraw their funds within the lock-up period.
### 4) Avoid the penalty charge
You can withdraw your fund anytime you want, but you will get charged a 10% penalty if you break and withdraw the fund WITHIN the set lock-up period. This penalty fund will be shared with other users who are maintaining their active HODL assets. We believe that this gamified system will motivate all HODLERS on Neverlose.money platform. Also, an additional 3% of the broken amount goes towards the treasury fund, which will be used for the HUNT burning system.
### 5) Earn WARREN (WRN) Tokens
WARREN (WRN) is the governance token of the Neverlose.money platform. WRN tokens are distributed to the HODLERS (those who have active lock-up assets) proportional to each effective asset value.
## Why do I need Neverlose.money?
Neverlose.money is designed for long-term cryptocurrency storage, called “HODL”. This investment strategy is simply based on the strong belief that the long-term value of the assets will eventually rise significantly. Due to the high volatility rate and often massive drops in prices, HODLING crypto assets is bristled with difficulties.
We have created a gamified social HODL protocol called Neverlose.money protocol. Its theoretical framework is based on the power of interconnected positive and negative reinforcement mechanisms by utilising the smart contract on Ethereum.
First, you’re joining the HODL protocol with other users bonded by the same game rule - locking up your asset with a set period and HODL it till that period ends. And all asset elements have the same reinforcement mechanism, ie **paying a bonus to the winners (positive reinforcement) with the losers penalty (negative reinforcement).**
You will be less likely to be swayed by short-term volatility because you will want to avoid paying the penalty and so you are more likely to maintain your position and gain the bonus from other users who failed to HODL.
## How is the bonus calculated?
Whenever someone breaks the contract and withdraws his/her fund BEFORE the set lock-up period ends, the 10% penalty will be deducted from the fund and spread to the other active assets as a bonus. The bonus amount will be decided based on the `Effective share ratio (ESR)`, a percentage that shows your proportion of active locked-up assets compared to all the locked-up assets in each token pool (it will be displayed on your dashboard after you lock-up your assets).
ESR is calculated by the multiplied asset amount which is weighted by the `bonus multiplier` based on your lock-up period. The weights range from x1 to x40 multipliers up to 120 months (10 years) as below:
| Lock-up period | Bonus multiplier |
| -------------------- | ---------------- |
| 3 months | x1 |
| 6 months | x2 |
| 9 months | x3 |
| 1 year | x4 |
| 1 year and 3 months | x5 |
| ... | ... |
| 9 years and 9 months | x39 |
| 10 years | x40 |
Let’s check out the following example. There are three WETH holders as below:
1. 100 WETH, 3 months
2. 50 WETH, 6 months
3. 10 WETH, 15 months
If someone breaks the contract and withdraws his/her fund with a total of 100 WETH amount then the penalty will be 10 WETH (10%). In this case, the ESR and the bonus distributions for each holder will be as below (based on the lock-up period multiplier table above):
1. 100 WETH \* 1 = 100 WETH, 40% ESR → 4 WETH bonus
2. 50 WETH \* 2 = 100 WETH, 40% ESR → 4 WETH bonus
3. 10 WETH \* 5 = 50 WETH, 20% ESR → 2 WETH bonus
If you have multiple locked-up assets and break & withdraw one of them, you will still be able to receive the bonus from the penalty generated from YOUR broken asset because you will still have a positive ESR after breaking one of them.
The bonus is generated whenever a locked-up fund is broken, but the amount will be pending until you claim it. In other words, the pending bonus on your dashboard needs to be claimed before you receive it via your wallet address. However, the pending bonus will be automatically claimed whenever you complete lock-up or withdraw transactions.
## Can I withdraw my asset within the lock-up period (and what is the penalty and platform fee)?
Yes, you can withdraw your fund anytime you want even if the lock-up period has not been completed. However, the 10% penalty will be deducted from your fund if you withdraw your funds before your lock-up period ends. Also, an additional 3% of the broken amount goes towards the treasury fund, which will be used for the HUNT burning system. For example, if you have a 6-month lock-up for 100 WETH amount but you break/withdraw the fund within the 6-month period, a penalty of 10 WETH and a treasury fund of 3 WETH will be deducted when you receive your fund. This means that you will get 87 WETH (based on having 100 WETH at the time). Of course, there will be no fees when you withdraw AFTER the lock-up period due.
Neverlose.money belongs to the [HUNT Network](http://hunt.town/). The 3% treasury fund will be converted to HUNT token and added to the quarterly fee-based token burning model to increase the value of HUNT token. To learn more about the HUNT token model, please visit here - .
## What is WARREN (WRN) token?
WARREN (WRN) is a governance token that will be used to manage the Neverlose.money decentralised community. WRN holders will be able to propose and vote on important issues such as, whether or not to add new asset pools, metric changes and modifications to operational policies to the Neverlose.money protocol/platform.
## How are WRN tokens distributed?
The max total of 1,200,000 WARREN (WRN) tokens will be issued over the 8.8 million Ethereum blocks (\~4 years). `0.5 WRN` will be issued per Ethereum block for the first 500,000 blocks and then `0.1 WRN` will be issued per Ethereum block for the following 8,300,000 blocks.
The generated WRN tokens will be allocated to each effective asset holder based on the effective asset amount shares and asset pool shares. The asset pool shares are as below:
* WETH: 25%
* WBTC: 25%
* HUNT: 50%
*(These asset pool shares can be changed and a new asset pool can also be added).*
For example, if you have two active lock-up assets for WETH and HUNT with 50% `effective share ratio` (that appears on your dashboard) in each and the generated WRN per block is 0.5 WRN, your WRN allocations will be as below:
* WRN for your WETH asset: 0.5 WRN x 0.25 pool shares x 0.5 your effective share ratio = 0.0625 WRN
* WRN for your HUNT asset: 0.5 WRN x 0.5 pool shares x 0.5 your effective share ratio = 0.125 WRN
The WRN tokens are distributed automatically, but the amount will be pending until you claim it. In other words, the pending WRN on your dashboard needs to be claimed before you receive it via your wallet address. However, the pending WRN will be automatically claimed whenever you complete lock-up or withdraw transactions.
10% of the total generated WRN tokens will be allocated to the dev team in order to maintain/improve the Neverlose.money protocol, and so they can participate in the governance.
## Is Neverlose.money safe? Has it been audited?
Neverlose.money smart contracts have audited by [HAECHI LABS](https://audit.haechi.io/), one of the top security auditors.
Audit reports -
Also, the security of the protocol is our top priority, so we have put a lot of effort into reviewing possible risk scenarios. However, it doesn’t mean that using Neverlose.money comes without risks.
**Please use Neverlose.money at your own risk. You may meet unexpected smart contract issues. Please do your own research before deciding to use this platform. All contract code and balances are publicly verifiable. We are not liable for any financial loss.**
## What are the additional risks?
### 1. Upgradable Smart Contract
Neverlose.money's smart contracts follow OpenZeppelin's proxy upgrade pattern (EIP-1967: Standard Proxy Storage Slots), which means the contracts may upgrade if critical issues or bugs are found. The upgrade key to the contract is managed with Safe Multisig, and this permission will be removed when the contract is deemed to be stable and mature.
### 2. Emergency Stop Function
The admin account can call `emergencyStop()` function which disables all functionality when a critical issue is found. `emergencyResume()` function can also be called to resume all functionality once all issues are resolved.
Once the contract deems to be stable and mature, all smart contracts functions on Neverlose.money will revoke admin rights to remove the risk of centralized authority and make this protocol fully decentralized.
## Will locking-up my assets on Neverlose.money guarantee profits?
Of course NOT. This protocol is for people who strongly believe that the long-term price for the assets that are listed on the platform will eventually rise. However, the actual price may not be followed by your expectations. During your lock-up period, the asset value in fiat money can fluctuate and may fall down. Please be fully aware of the volatility risk in the crypto assets. The protocol never guarantees your profit.
## Will I get the bonus for sure?
Of course NOT. The bonus is generated only when someone breaks and withdraws his/her locked-up asset before the lock-up period is due. If no one breaks and everyone successfully continues his/her lock-up, you won’t have any bonus.
## Pending bonus and WRN is suddenly gone. Why?
Whenever you make a new transaction such as locking-up a new asset, unlock or break the locked-up asset, the pending bonus and WRN in the same asset pool will be automatically claimed together. For example, if you make a new lock-up asset of WETH, the pending WETH bonus and pending WRN from the WETH asset pool will be claimed with the lock-up transaction. Other pending bonus and WRN (in the case above - WBTC or HUNT) won't be affected.
# Audit Reports
Neverlose.money smart contracts have audited by [HAECHI LABS](https://audit.haechi.io/), one of the top security auditors.
* Report (KR) -
* Report (EN) -
# Beta Testing Program
*This program is successfully finished -* [*https://steemit.com/hunt/@steemhunt/neverlose-money-beta-testing-program-is-successfully-finished*](https://steemit.com/hunt/@steemhunt/neverlose-money-beta-testing-program-is-successfully-finished)*.*
## Help us shape the future of long-term value investment on crypto
[**Neverlose.money**](https://neverlose.money/) is the first-ever gamified protocol for long-term crypto investors (called HODLERS). They lock-up their cryptos with a set period and get a constant bonus during their lock-up whenever other users fail to HODL (withdraw their funds within the lock-up period). All of these actions are automatically implemented by the smart contract without a third party between the HODLERS.
Become a beta tester for Neverlose.money and help us make this innovative protocol safer and more widely adopted in the fastest growing decentralised finance industry.
## How to apply
1. Please fill out this [application form](https://forms.gle/yMkTbc8vBs3mCaH87) to become a beta tester.
2. We will select a maximum of 100 testers for this program and send you an invitation to join the testers group.
3. You will perform the testing via simple steps to assess the Neverlose.money protocol via the beta version -
Application form -
## Schedule
* Starting date of sending out beta invitations: Nov 10th, 2020
* Testing period: Nov 10th - 27th, 2020
(You can apply anytime before the testing period is closed. We will selectively send out invitations on a rolling basis.)
## Overall process of the beta testing
1. All the testing activities will be performed via the Goerli Ethereum test network.
2. You will receive test tokens (ETH, WETH, WBTC and HUNT).
3. There is a total of five testing items - lock-up, break/withdraw, unlock, claim bonus and claim WRN. Please check this guide book for more details about the beta testing -
## Testers benefit
* All selected beta testers who successfully complete the testing and submit the report will receive **$100 worth of HUNT tokens** at the end of the beta period.
* You will be one of the earliest users to experience this new DeFi protocol without any transaction costs.
* You can also earn up to $2,000 from the [Bug Bounty Program](https://docs.neverlose.money/getting-started/bug-bounty).
## FAQ
**Who will get picked to be a beta tester?**
* A person who has a wide range of experiences from blockchain-based applications and DeFi (decentralised finance) protocols.
* A person who really needs Neverlose.money protocol to enhance his/her long-term crypto investment.
* A person who has highly active social/blogging channels.
**Does it cost money?**
No. All the testing activities will be performed via the Goerli Ethereum network, so you have no need to pay any real transaction fees (we will provide all the necessary testing tokens).
**Do I receive compensation for the beta testing?**
Yes. All selected beta testers who complete the testing items and successfully submit the report will receive $100 worth of HUNT tokens at the end of the beta period. Also, you can participate in the [Bug Bounty Program](https://docs.neverlose.money/getting-started/bug-bounty) to earn up to $2,000 rewards.
**Is beta software confidential?**
No. All the contract codes of Neverlose.money are open sources via the Github repo - .
**How do I submit the report?**
Each testing item has its own submission form.
* Item 1 -
* Item 2 -
* Item 3 -
* Item 4 -
* Item 5 -
Please read the Beta Testing Guidebook for more details here -
**How do I provide additional feedback?**
We will invite you to the beta testers Discord group and you can freely chat with other testers and us.
**How do I leave the beta program?**
Please send us an email via if you want to opt out during the beta testing period with the following information:
* Name
* Discord ID
* Email address that you put in the application form
* Reason for opting out
# Beta Testing Guidebook
Welcome to the Neverlose.money beta testing program. You will help us improve the protocol and eliminate potential vulnerabilities. There are five testing items and you will submit the result via Google Form for each item. Please read this guidebook carefully before you begin testing.
**Note: In the test vesrion, 1 month equals 1 hour.**
## Preparations for testing
### Metamask
You need a Metamask on your browser. Please install the Metamask first if you don’t already have it - . Make sure that the Ether wallet you shared with us via your beta testing program application form has been added to your Metamask.
### Goerli Test Network
All the testing will be performed via the Goerli Testnet, not the main network. You need to shift your Metamask network setting to the Goerli Test Network as below.
### Testing tokens
We will send you the following testing tokens - ETH (for gas fees), WETH, WBTC and HUNT. In order to see the balance of WETH, WBTC, HUNT and WRN tokens, you need to add them manually via the following steps.
Click “Add Tokens” button
Select the “Custom Token” tab, enter the token contract address, click next, and add the token to your Metamask. You need to perform this step one by one for each token. Please add the contract address below for each token:
* HUNT: 0xD409b07cC381c3D831F7fD71C4141c86DdC2a5c6
* WETH: 0x608f8CeB3Af57Dd3b56b480B51dcfd7E7096acA3
* WBTC: 0x48A32932F3BD2Fd7Bb31c97570290dE9d1e8827C
* WRN: 0xdAecEce4b065595907F04b8a9C96A9B7929Ee626
### Connect to Neverlose.money site
Visit the testing website via , and click the “Connect” button (please make sure that your Metamask network setting has been changed to Goerli Testnet). Once you connect to the site, you will be able to access the dashboard.
## About the test
Neverlose.money is the first-ever gamified protocol for long-term crypto investors (called HODLERS). They lock-up their crypto for a set period and get a constant bonus during their lock-up whenever other users fail to HODL (withdraw their funds within the lock-up period). All of these actions are automatically implemented by the smart contract without a third party between the HODLERS.
The following actions are the core activities in this protocol (that you will test out):
1. Lock-up your asset with a set target period
2. Break & withdraw the locked-up asset before the lock-up period finishes (this will incur the penalty and platform fees - these fees will be covered by the test tokens we give you)
3. Unlock the assets that have finished lock-up period
4. Claim the bonus incurred from someone else’s HODL failure (break & withdraw)
5. Claim WRN tokens generated from your active locked-up assets
In the testnet, one-month lock-up is the same as one-hour lock-up (e.g. 3 months → 3 hours).
Each testing item has its own submission form.
* Item 1 -
* Item 2 -
* Item 3 -
* Item 4 -
* Item 5 -
## Testing Item #1 - Lock-up
Make at least five lock-up assets by using the test tokens (you can split the test tokens to make multiple lock-up assets). You must make at least one lock-up asset in each pool (HUNT, WBTC and WETH)
Submission form -
Choose the asset that you’d like to lock-up among WETH, WBTC, and HUNT (you can click each tab via the dashboard).
### Step 1. Remember the token balance before the lock-up
Mark the token balance in your Ether wallet BEFORE the lock-up (you need to submit the number via the form).
### Step 2. Remember the locked-up asset balance before the lock-up
Mark the locked-up asset balance on the Neverlose.money dashboard BEFORE the lock-up (you need to submit this number via the form).
### Step 3. Lock-up your asset
Click the lock-up button, then you will see the pop-up window as below. Set the lock-up amount and period, and lock-up the asset. You need to remember the lock-up amount you enter (you need to submit this number via the form).
### Step 4. Transaction link
You will see this transaction pending message. You can access the transaction link by clicking the “View on Etherscan” button.
You can also find out the transaction link via the Metamask activity tab after the transaction is confirmed.
You need to submit the transaction link via the form.
### Step 5. Check the token balance after the lock-up
Check the change in the token balance in your Ether wallet AFTER the lock-up (you need to submit the number via the form).
### Step 6. Check the locked-up asset balance after the lock-up
Check the change in the locked-up asset balance on the Neverlose.money dashboard AFTER the lock-up (you need to submit this number via the form).
### Perform Step 1 - 6 for other assets too
In the [submission form](https://link--), there are five lock-up asset details to submit. Make sure that you MUST make at least one lock-up asset in each pool (HUNT, WBTC and WETH). Please feel free to make more than five lock-up assets if you have more time.
## Testing Item #2 - Break & Withdraw
Break and withdraw one of the locked-up assets that has not finished its lock-up period so that you can experience the penalty and platform fee deductions from breaking the lock-up.
Submission form -
### Step 1. Remember the token balance before the break & withdraw
Mark the token balance in your Ether wallet BEFORE you break the lock-up (you need to submit the number via the form).
### Step 2. Remember the locked-up asset balance before the break & withdraw
Mark the locked-up asset balance on the Neverlose.money dashboard BEFORE you break the lock-up (you need to submit this number via the form).
### Step 3. Break & withdraw the asset
Click the red break & withdraw button, then you will see the pop-up window as below. It will show the original lock-up amount and the amount to withdraw after the penalty and platform fee deductions. You need to remember the original lock-up amount and the amount to withdraw after the deductions (you need to submit this number via the form).
### Step 4. Transaction link
You will see this transaction pending message. You can access the transaction link by clicking the “View on Etherscan” button.
You need to submit the transaction link via the form.
### Step 5. Check the token balance after the break & withdraw
Check the change in the token balance in your Ether wallet AFTER you break & withdraw (you need to submit the number via the form).
### Step 6. Check the locked-up asset balance after the break & withdraw
Check the change in the locked-up asset balance on the Neverlose.money dashboard AFTER you break & withdraw (you need to submit this number via the form).
## Testing Item #3 - Unlock
Wait until you have an asset that’s lock-up period is finished and then unlock the completed asset (check to make sure that this activity doesn’t incur any penalty/fee deductions).
Submission form -
### Step 1. Remember the token balance before you unlock
Mark the token balance in your Ether wallet BEFORE you unlock (you need to submit the number via the form).
### Step 2. Remember the locked-up asset balance before you unlock
Mark the locked-up asset balance on the Neverlose.money dashboard BEFORE you unlock (you need to submit this number via the form).
### Step 3. Unlock the asset
Click the green withdraw button, then you will see the pop-up window as below. It will show the lock-up amount to withdraw (check that the amount has no deductions). You need to remember the amount to withdraw (you need to submit this number via the form).
### Step 4. Transaction link
You will see this transaction pending message. You can access the transaction link by clicking the “View on Etherscan” button.
You need to submit the transaction link via the form.
### Step 5. Check the token balance after you unlock
Check the change in the token balance in your Ether wallet AFTER you unlock (you need to submit the number via the form).
### Step 6. Check the locked-up asset balance after you unlock
Check the change in the locked-up asset balance on the Neverlose.money dashboard AFTER you unlock (you need to submit this number via the form).
## Testing Item #4 - Claim Bonus
Check whether you get the bonus from someone else’s HODL failure (break & withdraw). Whenever someone breaks an asset that has not finished its lock-up period, the penalty is charged and it distributes to other active lock-up asset owners based on its shares to the pool. The generated bonus goes to the pending section, and you need to claim the pending amount to earn.
Submission form -
### Step 1. Remember the token balance before the claim
Mark the token balance in your Ether wallet BEFORE you claim your bonus (you need to submit the number via the form).
### Step 2. Remember the bonus earned balance before the claim
Mark the bonus earned balance on the Neverlose.money dashboard BEFORE you claim your bonus (you need to submit this number via the form).
### Step 3. Claim the pending bonus
Before you claim the bonus, mark the pending amount (you need to submit this number via the form). Click the claim pending button.
### Step 4. Transaction link
You will see this transaction pending message. You can access the transaction link by clicking the “View on Etherscan” button.
You need to submit the transaction link via the form.
### Step 5. Check the token balance after the claim
Check the change in the token balance in your Ether wallet AFTER you claim the bonus (you need to submit the number via the form).
### Step 6. Check the bonus earned balance after the claim
Check the change in the bonus earned balance on the Neverlose.money dashboard AFTER you claim the bonus (you need to submit this number via the form).
## Testing Item #5 - Claim WRN (WARREN token)
Check whether you get the WRN tokens from your active HODL assets. WARREN (WRN) is the governance token of the Neverlose.money platform. WRN tokens are distributed to those who have active lock-up assets proportional to each effective asset value.
The generated WRN goes to the pending section, and you need to claim the pending amount to earn.
You will see the pending WRN tokens in each WETH, WBTC and HUNT asset separately, so you need to claim them individually. Please remember in which asset section you’re trying to claim the pending WRN (you need to submit this info via the form).
Submission form -
### Step 1. Remember the token balance before the claim
Mark the token balance in your Ether wallet BEFORE you claim your WRN (you need to submit the number via the form).
### Step 2. Remember the WRN accrued balance before the claim
Mark the WRN accrued balance on the Neverlose.money dashboard BEFORE you claim your WRN (you need to submit this number via the form).
### Step 3. Claim the pending WRN
Before you claim the WRN tokens, mark the pending amount (you need to submit this number via the form). Click the “claim pending” button.
### Step 4. Transaction link
You will see this transaction pending message. You can access the transaction link by clicking the “View on Etherscan” button.
You need to submit the transaction link via the form.
### Step 5. Check the token balance after the claim
Check the change in the token balance in your Ether wallet AFTER you claim the WRN (you need to submit the number via the form).
### Step 6. Check the WRN accrued balance after the claim
Check the change in the WRN accrued balance on the Neverlose.money dashboard AFTER you claim the WRN (you need to submit this number via the form).
## Questions
If you have any questions, suggestions, or any topics to discuss with others or the team, please use the Discord channel that we shared with you via the invitation email. You can also email us via .
# Terms of Service
Welcome to , a website-hosted user interface (the “Interface”, “Website”, or “App”) provided by BourbonShake Inc. (“we”, “our”, or “us”). The Interface provides access to a decentralized protocol on the Ethereum blockchain that provides a lock-up smart contract HODL protocol that pays a bonus to the winners with the losers penalty (the “Protocol”).
This Terms of Service Agreement (the “Agreement”) explains the terms and conditions by which you may access and use the Interface. You must read this Agreement carefully. By accessing or using the Interface, you signify that you have read, understand, and agree to be bound by this Agreement in its entirety. If you do not agree, you are not authorized to access or use the Interface.
## 1. Key Definitions
For the purpose of these Terms, the following capitalized terms shall have the following meanings:
“Affiliate” means, with respect to a party to these Terms, any legal entity that, directly or indirectly controls, is controlled by, or is under common control with such party.
“App,” “Platform” or “Interface” means the Neverlose.money site located at , and all associated sites linked thereto by Neverlose.money and its Affiliates, which includes, for certainty, Neverlose.money’s decentralized application layer on the Ethereum Blockchain.
“Ether” or “ETH” means the Ethereum Blockchain utility token that may be used to purchase computational resources to run decentralized applications or perform actions on the Ethereum Blockchain.
“Ethereum Address,” “Wallet Address” or “Address” means the unique public key cryptocurrency identifier that points to an Ethereum-compatible wallet to which Ether or ERC20-compatible tokens may be sent or stored.
“Ethereum Blockchain” means the underlying blockchain infrastructure which the Platform leverages to perform portions of the Services.
“Governmental Authority” includes any domestic or foreign federal, provincial or state, municipal, local or other governmental, regulatory, judicial or administrative authority.
“Services” has the meaning set out in Section 3.1.
## 2. Modification of this Agreement
We reserve the right, in our sole discretion, to modify these Terms from time to time. If we make changes, we will provide you with notice of such changes, such as by providing a notice through our Services or updating the date at the top of these Terms. Unless we say otherwise in our notice, any and all such modifications are effective immediately, and your continued use of our Services after we provide such notice will confirm your acceptance of the changes. If you do not agree to the amended Terms, you must stop using our Services.
## 3. Services
3.1 **Services** - The primary purpose of the Interface is to enable users to interact with the Neverlose.money smart contracts to lock-up their assets, get bonuses, earn governance tokens, unlock and withdraw their assets (the “Services”).
3.2 **Ethereum Gas Charges** - Some Services involve the use of the Ethereum Blockchain, which may require that you pay a fee, commonly known as “Ethereum Gas Charges,” for the computational resources required to perform a transaction on the Ethereum Blockchain. You acknowledge and agree that Neverlose.money has no control over: (a) any Ethereum Blockchain transactions; (b) the calculation or method of payment of any Ethereum Gas Charges; or (c) any actual payments of Ethereum Gas Charges. Accordingly, you must ensure that you have a sufficient balance of Ether stored at your Ethereum Address to complete any transaction on the Ethereum Blockchain before initiating such Ethereum Blockchain transaction.
3.3 **Conditions and Restrictions** - We may, at any time and in our sole discretion, restrict your access to, or otherwise impose conditions or restrictions upon your use of, the Services or the Interface, with or without prior notice.
3.4 **No Broker, Legal or Fiduciary Relationship** - Neverlose.money is not your broker, lawyer, intermediary, agent, or advisor and has no fiduciary relationship or obligation to you regarding any other decisions or activities that you effect when using the Interface or the Services. Neither our communications nor any information that we provide to you is intended as, or shall be considered or construed as, advice.
3.5 **Your Responsibilities** - As a condition to accessing or using the Services or the Interface, you shall: (a) only use the Services and the Interface for lawful purposes and in accordance with these Terms; (b) ensure that, at all times, all information that you provide on the Interface is current, complete and accurate; (c) maintain the security and confidentiality of your Ethereum Address and all private keys, passwords and other related credentials.
3.6 **Unacceptable Use or Conduct** - As a condition to accessing or using the Interface or the Services, you will not: (a) violate any Applicable Law, including, without limitation, any relevant and applicable anti-money laundering and anti-terrorist financing laws, such as the Bank Secrecy Act, each as may be amended; (b) infringe on or misappropriate any contract, intellectual property or other third-party right, or commit a tort while using the Interface or the Services; (c) use the Services in any manner that could interfere with, disrupt, negatively affect, or inhibit other users from fully enjoying the Services, or that could damage, disable, overburden, or impair the functioning of the Services in any manner; (d) attempt to circumvent any content filtering techniques or security measures that Neverlose.money employs on the Interface, or attempt to access any service or area of the Interface or the Services that you are not authorized to access; (e) use the Services to pay for, support, or otherwise engage in any illegal gambling activities, fraud, money-laundering, or terrorist activities, or other illegal activities; (f) use any robot, spider, crawler, scraper, or other automated means or interface not provided by us, to access the Services or to extract data; (g) interfere with or compromise the integrity, security, or proper functioning of any computer, server, network, personal device, or other information technology system, including (but not limited to) the deployment of viruses and denial of service attacks; (h) provide false, inaccurate, or misleading information; (i) post content or communications on the Interface that are, in our sole discretion, libelous, defamatory, profane, obscene, pornographic, sexually explicit, indecent, lewd, vulgar, suggestive, harassing, hateful, threatening, offensive, discriminatory, bigoted, abusive, inflammatory, fraudulent, deceptive or otherwise objectionable; (j) defraud us or any other person or entity, including (but not limited to) providing any false, inaccurate, or misleading information in order to unlawfully obtain the property of another; (k) use the Interface or the Services from a jurisdiction that we have, in our sole discretion, or a relevant Governmental Authority has determined is a jurisdiction where the use of the Interface or the Services is prohibited; (l) violate any applicable law, rule, or regulation concerning the integrity of trading markets, including (but not limited to) the manipulative tactics commonly known as spoofing and wash trading; or (m) encourage or induce any third party to engage in any of the activities prohibited under this Section 3.7.
3.7. **Your Assumption of Risks** - By accessing and using the Interface, you represent that you understand the inherent risks associated with using cryptographic and blockchain-based systems, and that you have a working knowledge of the usage and intricacies of digital assets such as bitcoin (BTC), ether (ETH), wrapped-BTC (WBTC), wrapped-ETH (WETH), HUNT (HUNT) and other digital tokens following the Ethereum Token Standard (ERC-20). You further understand that the markets for these digital assets are highly volatile due to factors including (but not limited to) adoption, speculation, technology, security, and regulation. You acknowledge that the cost and speed of transacting with cryptographic and blockchain-based systems such as Ethereum are variable and may increase dramatically at any time. You further acknowledge the risk that your digital assets may lose some or all of their value while they are locked via the Protocol. You further acknowledge that we are not responsible for any of these variables or risks, do not own or control the Protocol, and cannot be held liable for any resulting losses that you experience while accessing or using the Interface. You further acknowledge that we are not responsible for any risks during the beta phase addressed in the FAQ (). **Accordingly, you understand and agree to assume full responsibility for all of the risks of accessing and using the Interface and interacting with the Protocol.**
## 4. Eligibility
To access or use the Interface, you must be able to form a legally binding contract with us. Accordingly, you represent that you are at least nineteen years old and have the full right, power, and authority to enter into and comply with the terms and conditions of this Agreement on behalf of yourself and any company or legal entity for which you may access or use the Interface. You further represent that you are not a citizen, resident, or member of any jurisdiction or group that is subject to economic sanctions by the United States, or where your use of the Interface would be illegal or otherwise violate any applicable law. You further represent that your access and use of the Interface will fully comply with all applicable laws and regulations, and that you will not access or use the Interface to conduct, promote, or otherwise facilitate any illegal activity.
## 5. Proprietary Rights
We own all intellectual property and other rights in the Interface and its contents, including (but not limited to) software, text, images, trademarks, service marks, copyrights, patents, and designs. Unless expressly authorized by us, you may not copy, modify, adapt, rent, license, sell, publish, distribute, or otherwise permit any third party to access or use the Interface or any of its contents. Provided that you are eligible, you are hereby granted a single, personal, limited license to access and use the Interface. This license is non-exclusive, non-transferable, and freely revocable by us at any time without notice or cause. Use of the Interface or its contents for any purpose not expressly permitted by this Agreement is strictly prohibited. Unlike the Interface, the Protocol is comprised entirely of open-source software running on the public Ethereum blockchain and is not our proprietary property.
## 6. Privacy
We care about your privacy. Although we will comply with all valid subpoena requests, we will carefully consider each request to ensure that it comports with the spirit and letter of the law, and we will not hesitate to challenge invalid, overbroad, or unconstitutional requests as appropriate. We use commercially reasonable safeguards to preserve the integrity and security of your personally identifiable information (“PII”) and aggregate data. However, we cannot guarantee that unauthorized third parties will never be able to obtain or use your PII or aggregate data for improper purposes. You acknowledge that you provide your PII and aggregate data at your own risk. By accessing and using the Interface, you understand and consent to our collection, use, and disclosure of your PII and aggregate data.
In addition, we collect certain personal data by using cookies, including similar technologies such as local storage when you visit the website. Cookies are bits of text that are placed on your computer’s hard drive or mobile device when you visit certain websites. Cookies hold information that may be accessible by the party that places the cookie, which is either the website itself (first party cookie) or a third party (third party cookies). You do have control over cookies, and can refuse the use of cookies by selecting the appropriate setting on your browser. Most browsers will tell you how to stop accepting new cookies, how to be notified when you receive a new cookie, and how to disable or delete existing cookies. Please note, however, that by not accepting or deleting the use of cookies, you may not be able to use the website.
On the website, we use cookies for the following purposes:
1. to gather website statistical data to analyze how our users use the website, such as which pages are visited, how long pages were visited and the paths taken by visitors to our website as they move from page to page. These cookies are placed by the domains neverlose.money;
2. to provide authentication (i.e. to keep you logged in between sessions). The information collected using local storage is stored on your browser and persists after your browser is closed.
3. for the purpose listed under 1, we use Google Analytics. Google Analytics is a web analytics service provided by Google, Inc., which uses cookies to help. The information generated by the cookie about your use of our website (such as your IP address, the URL visited, the date and time the page was viewed) will be transmitted and stored by Google on servers in the United States or any other country in which Google maintains facilities. Your IP address will be masked by setting the last octet of your IP address to zero before it is stored by Google. Google will use this information to monitor your use of our website, and to compile reports on website activity for us. Based on our agreement with Google, Google is not allowed to use this information for their own purposes and may only transfer this information to third parties where required by law, or where such third parties process information on Google’s behalf.
## 7. No Professional Advice
All information provided by the Interface is for informational purposes only and should not be construed as professional advice. You should not take, or refrain from taking, any action based on any information contained in the Interface. Before you make any financial, legal, or other decisions involving the Interface, you should seek independent professional advice from an individual who is licensed and qualified in the area for which such advice would be appropriate.
## 8. No Warranties
The Interface is provided on an “AS IS” and “AS AVAILABLE” basis. To the fullest extent permitted by law, we disclaim any representations and warranties of any kind, whether express, implied, or statutory, including (but not limited to) the warranties of merchantability and fitness for a particular purpose. You acknowledge and agree that your use of the Interface is at your own risk. We do not represent or warrant that access to the Interface will be continuous, uninterrupted, timely, or secure; that the information contained in the Interface will be accurate, reliable, complete, or current; or that the Interface will be free from errors, defects, viruses, or other harmful elements. No advice, information, or statement that we make should be treated as creating any warranty concerning the Interface. We do not endorse, guarantee, or assume responsibility for any advertisements, offers, or statements made by third parties concerning the Interface.
## 9. No Fiduciary Duties
This Agreement is not intended to, and does not, create or impose any fiduciary duties on us. To the fullest extent permitted by law, you acknowledge and agree that we owe no fiduciary duties or liabilities to you or any other party, and that to the extent any such duties or liabilities may exist at law or in equity, those duties and liabilities are hereby irrevocably disclaimed, waived, and eliminated. You further agree that the only duties and obligations that we owe you are those set out expressly in this Agreement.
## 10. Compliance Obligations
The Interface may not be available or appropriate for use in other jurisdictions. By accessing or using the Interface, you agree that you are solely and entirely responsible for compliance with all laws and regulations that may apply to you.
## 11. Third-Party Resources and Promotions
The Interface may contain references or links to third-party resources, including (but not limited to) information, materials, products, or services, that we do not own or control. In addition, third parties may offer promotions related to your access and use of the Interface. We do not endorse or assume any responsibility for any such resources or promotions. If you access any such resources or participate in any such promotions, you do so at your own risk, and you understand that this Agreement does not apply to your dealings or relationships with any third parties. You expressly relieve us of any and all liability arising from your use of any such resources or participation in any such promotions.
## 12. Indemnity
You agree to hold harmless, release, defend, and indemnify us and our officers, directors, employees, contractors, agents, affiliates, and subsidiaries from and against all claims, damages, obligations, losses, liabilities, costs, and expenses arising from: (a) your access and use of the Interface; (b) your violation of any term or condition of this Agreement, the right of any third party, or any other applicable law, rule, or regulation; and (c) any other party’s access and use of the Interface with your assistance or using any device or account that you own or control.
## 13. Limitation of Liability
YOU ACKNOWLEDGE AND AGREE THAT YOU ASSUME FULL RESPONSIBILITY FOR YOUR USE OF THE SITE, THE APP AND THE SERVICES. YOU ACKNOWLEDGE AND AGREE THAT ANY INFORMATION YOU SEND OR RECEIVE DURING YOUR USE OF THE SITE, THE APP AND THE SERVICES MAY NOT BE SECURE AND MAY BE INTERCEPTED OR LATER ACQUIRED BY UNAUTHORIZED PARTIES. YOU ACKNOWLEDGE AND AGREE THAT YOUR USE OF THE SITE, THE APP AND THE SERVICES IS AT YOUR OWN RISK. RECOGNIZING SUCH, YOU UNDERSTAND AND AGREE THAT, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, NEITHER NEVERLOSE.MONEY NOR ITS SUPPLIERS OR LICENSORS WILL BE LIABLE TO YOU FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, PUNITIVE, EXEMPLARY OR OTHER DAMAGES OF ANY KIND, INCLUDING WITHOUT LIMITATION DAMAGES FOR LOSS OF PROFITS, GOODWILL, USE, DATA OR OTHER TANGIBLE OR INTANGIBLE LOSSES OR ANY OTHER DAMAGES BASED ON CONTRACT, TORT, STRICT LIABILITY OR ANY OTHER THEORY (EVEN IF NEVERLOSE.MONEY HAD BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES), RESULTING FROM THE SITE, THE APP OR SERVICES; THE USE OR THE INABILITY TO USE THE SITE, THE APP OR THE SERVICES; UNAUTHORIZED ACCESS TO OR ALTERATION OF YOUR TRANSMISSIONS OR DATA; STATEMENTS OR CONDUCT OF ANY THIRD PARTY ON THE SITE, THE APP OR THE SERVICES; ANY ACTIONS WE TAKE OR FAIL TO TAKE AS A RESULT OF COMMUNICATIONS YOU SEND TO US; HUMAN ERRORS; TECHNICAL MALFUNCTIONS; FAILURES, INCLUDING PUBLIC UTILITY OR TELEPHONE OUTAGES; OMISSIONS, INTERRUPTIONS, LATENCY, DELETIONS OR DEFECTS OF ANY DEVICE OR NETWORK, PROVIDERS, OR SOFTWARE (INCLUDING, BUT NOT LIMITED TO, THOSE THAT DO NOT PERMIT PARTICIPATION IN THE SERVICES); ANY INJURY OR DAMAGE TO COMPUTER EQUIPMENT; INABILITY TO FULLY ACCESS THE SITE, THE APP OR THE SERVICES OR ANY OTHER WEBSITE; THEFT, TAMPERING, DESTRUCTION, OR UNAUTHORIZED ACCESS TO, IMAGES OR OTHER CONTENT OF ANY KIND; DATA THAT IS PROCESSED LATE OR INCORRECTLY OR IS INCOMPLETE OR LOST; TYPOGRAPHICAL, PRINTING OR OTHER ERRORS, OR ANY COMBINATION THEREOF; OR ANY OTHER MATTER RELATING TO THE SITE, THE APP OR ANY OTHER ASPECT OF THE SERVICES.
SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF CERTAIN WARRANTIES OR THE LIMITATION OR EXCLUSION OF LIABILITY FOR INCIDENTAL OR CONSEQUENTIAL DAMAGES. ACCORDINGLY, SOME OF THE ABOVE LIMITATIONS MAY NOT APPLY TO YOU.
## 14. Questions & Contact Information
Questions or comments about Neverlose.money may be directed to . If you wish to report abuses or copyright infringement use .