Terms of Use

1. What BackBid is

BackBid ("BackBid", "we", "us") runs the website at backbid.fun, its API, and a program on Solana. With BackBid you can launch a token on a Raydium bonding curve; every token launched here gets an OTC Liquidity Vault that is funded by a share of BackBid's platform fee on the token's trades and buys and sells the token at posted prices. BackBid also offers fixed-price OTC offers and buy requests for any Solana token that passes the program's token checks.

By using the site, or the program through the site, you agree to these terms. If you don't agree, don't use BackBid.

2. Who can use it

You must be at least 18 years old. BackBid is open to users everywhere; we don't block any country. You're responsible for making sure that using BackBid, and launching or trading any token, is allowed for you.

3. Non-custodial software

BackBid never holds your private keys or seed phrase and can't sign anything for you. Every transaction is prepared for you to review and sign in your own wallet. Vault funds and escrowed tokens are held by program accounts, not by a person, and move only under the program's rules described on the Security page.

You're responsible for your wallet, its keys, and everything you sign with it. If you lose access to your wallet, we can't recover it.

4. No investment advice

Nothing on BackBid is financial, investment, legal or tax advice, and nothing is a recommendation to buy, sell or launch any token. Prices, vault figures, market comparisons, safety badges and statistics are information only and can be wrong or out of date. A token's vault is not a promise of value, price, liquidity or returns. Make your own decisions.

5. Launching a token

When you launch a token, you are its creator, not BackBid. You're responsible for its name, symbol, description, image and links, and for having the right to use them. The metadata you submit is stored by our API, served publicly and referenced on-chain, so it is effectively permanent.

A launch is one transaction that creates the token on a Raydium bonding curve. It pays rent for the token's accounts (≈0.0389 SOL) and can include an optional first buy. Once launched, a token can't be withdrawn, and its fee split and liquidity lock can't be changed by you or by us.

We may hide a token on the website, for example after reports of scams, impersonation or infringement. Hiding only affects the website; it doesn't touch the token, its pool or its vault.

6. OTC Liquidity Vaults

Each launched token's vault receives 50% of the SOL fees the token earns, plus token-side pool fees after graduation. After graduation, holders can sell tokens to it at its bid and anyone can buy its tokens at its ask. Both prices come from a published formula based on the token's Raydium pool price.

The vault may not be able to buy: its budget and limits, its SOL reserve, its inventory cap, the price guard, a pause, or a token that hasn't graduated can each stop a trade. Vault prices are formula-based, not a promise. Liquidity is not guaranteed. The admin can pause a vault and adjust its parameters within bounds hard-coded in the program, but can't withdraw its funds.

7. OTC offers and requests

Offers, buy requests and counteroffers are created by users, not by BackBid. We don't approve prices, and we don't guarantee that any token has value, is legitimate, or will stay tradable. Sellers can ask any price, including far above the market price.

We may hide offers, requests, tokens or wallets on the website, for example after reports of scams or impersonation. Hiding only affects the website; it doesn't touch tokens in escrow, and the seller can always cancel.

8. Check the token yourself

Anyone can create a token with any name, ticker or logo, including on BackBid. Always match the full mint address (CA) against the one the project publishes before you buy. A "Verified" badge comes from a third-party token list and isn't a guarantee.

9. Smart-contract risk

The BackBid program has not been reviewed by an independent security firm. Smart contracts can have bugs. Only use amounts you can afford to lose. BackBid also depends on Raydium's programs, which we don't control.

Blockchain transactions are final. Once a trade settles, nobody can reverse it, including BackBid. The program is upgradeable by its upgrade authority, described on the Security page. Read the Risk Disclosure before your first launch or trade.

10. Fees

Trades of launched tokens on the bonding curve pay 1.5%: a 1.25% BackBid platform fee plus Raydium's 0.25% protocol fee. 50% of every SOL fee a token earns goes to that token's vault and the rest to the BackBid treasury. Vault trades carry no platform fee. OTC buyers pay a 1% fee on top of the purchase price, and OTC sellers pay 1%, taken from what they receive; listing also pays a small account deposit (0.0031 SOL) that is refunded when the offer closes. Solana network fees are separate. The exact amounts are shown before you sign; see Fees.

Fee rates are set in the program. A token's vault share is fixed at launch. If other rates change, the new rates apply only to later transactions and are always shown before you sign.

11. Things you must not do

• Launch, list or promote tokens you know are scams, or impersonate another project, person or BackBid.
• Use names, images or marks you don't have the right to use.
• Manipulate prices, wash-trade, or mislead other users about a token, a vault or an offer.
• Attack, overload, scrape at abusive rates, or try to break the website, the API or the program.
• Use BackBid for anything illegal where you are, including laundering money or dealing in stolen funds.

We may block access to the website or API for wallets or addresses that do any of this.

12. Availability and changes to the service

BackBid is new. Features can change, pause or be removed, and the website or API can go down. The program has an emergency pause that stops new launches, OTC listings and purchases, and vault trades; it never blocks OTC cancels, reclaims or refunds.

13. No warranty

BackBid is provided "as is" and "as available", without warranties of any kind, express or implied, including merchantability, fitness for a particular purpose, and non-infringement. We don't promise that the service will be accurate, secure, uninterrupted or error-free.

14. Limitation of liability

To the fullest extent the law allows, BackBid and the people behind it are not liable for any indirect, incidental, special, consequential or punitive damages, or for any loss of tokens, funds, profits or data, arising from your use of BackBid, the program, any vault, any token, Raydium, or any other user. This includes losses caused by bugs, hacks, network outages, wallet problems, token creators, or prices that move against you.

Some places don't allow some of these limits. Where that's the case, they apply only as far as the law allows.

15. Third-party services and trademarks

BackBid uses, shows data from, or links to third parties, such as Raydium, Solana wallets, Jupiter, DexScreener, Solscan and RugCheck. We don't control them and aren't responsible for their programs, content or availability. Your wallet's own terms apply to your wallet.

Raydium, Phantom, Solflare and other names and logos are trademarks of their owners. Their use here doesn't mean they endorse BackBid.

16. Changes to these terms

We may update these terms. When we do, we change the "Last updated" date at the top of this page. If you keep using BackBid after an update, you accept the new terms.

17. Contact

To report a scam, impersonation or infringement, use Report on the offer or token page while signed in. BackBid will never DM you first.