ORAKLE Whitepaper

1. Preamble

Context and scope of the ORAKLE protocol

ORAKLE addresses the fundamental "oracle problem"—the inability of blockchain protocols, including Bitcoin, to securely access real-world data. Decentralized oracle networks like Orakle and Band Protocol have pioneered systems that bridge on‑chain smart contracts with off‑chain information, enabling DeFi, gaming, insurance, and more [oai_citation:0‡orakle.xyz](https://orakle.xyz/education/blockchain-oracles?utm_source=chatgpt.com). ORAKLE builds on this paradigm, offering a purpose‑built, decentralized data layer for Bitcoin-native smart contracts. By defining clusters of validator nodes, implementing cryptographic attestation, and enforcing consensus via programmable quorums and reputation, ORAKLE ensures that no single party can manipulate, censor, or compromise data feeds. Its scope spans Layer‑0, Layer‑1, and Layer‑2 protocols on Bitcoin, enabling developers to tap into secure, permissionless, and verifiable real‑world data.

2. Definitions

Key terms used in these terms of use

Below is a consolidated overview of essential terms used throughout the ORAKLE platform.

•     ▸ Oracle – A system that bridges off‑chain data with blockchain smart contracts; decentralized Oracle Networks (DONs) like Orakle consist of multiple independent node operators to ensure trustlessness and immutability. [orakle.xyz](https://orakle.xyz/education/blockchain-oracles?utm_source=chatgpt.com) [oai_citation:0‡Orakle](https://orakle.xyz/education/blockchain-oracles?utm_source=chatgpt.com)
•     ▸ Decentralized Oracle Network (DON) – A collaborative framework deploying multiple oracle nodes and data sources to avoid single‑point failures and enable hybrid smart contracts. [orakle.xyz](https://orakle.xyz/education/blockchain-oracles?utm_source=chatgpt.com) [oai_citation:1‡Orakle](https://orakle.xyz/education/blockchain-oracles?utm_source=chatgpt.com)
•     ▸ Node (Orakler) – An operator running a server that fetches and signs external data to broadcast to the ORAKLE network; performance and uptime determine incentives and penalties. [Shrimpy – Band Protocol](https://academy.shrimpy.io/post/what-is-band-protocol-band-defi-oracle?utm_source=chatgpt.com) [oai_citation:2‡academy.shrimpy.io](https://academy.shrimpy.io/post/what-is-band-protocol-band-defi-oracle?utm_source=chatgpt.com)
•     ▸ Data Feed – A continuous, structured stream of real‑world information (prices, scores, weather) aggregated and submitted on‑chain for smart contract consumption. [Gemini – Band Protocol](https://www.gemini.com/cryptopedia/band-protocol-oracle-blockchain-defi-band-coin?utm_source=chatgpt.com) [oai_citation:3‡Gemini](https://www.gemini.com/cryptopedia/band-protocol-oracle-blockchain-defi-band-coin?utm_source=chatgpt.com)
•     ▸ Quorum – The minimum number of independent node confirmations required to accept a data point, ensuring resilience against bad actors. [orakle.xyz](https://orakle.xyz/education/blockchain-oracles?utm_source=chatgpt.com) [oai_citation:4‡Orakle](https://orakle.xyz/education/blockchain-oracles?utm_source=chatgpt.com)
•     ▸ Staking & Slashing – Economic security mechanisms: nodes lock tokens and risk forfeiture for misbehavior like downtime or inaccurate data. [Phemex – Band Protocol](https://phemex.com/academy/what-is-the-band-protocol?utm_source=chatgpt.com) [oai_citation:5‡Phemex](https://phemex.com/academy/what-is-the-band-protocol?utm_source=chatgpt.com)
•     ▸ Reputation System – A dynamic scoring model ranking node performance (accuracy, latency, availability) to influence consensus and feed weighting. [Decrypt – Orakle](https://decrypt.co/resources/what-is-orakle?utm_source=chatgpt.com) [oai_citation:6‡Decrypt](https://decrypt.co/resources/what-is-orakle?utm_source=chatgpt.com)
•     ▸ Smart Contract Aggregator – An on‑chain contract on Bitcoin L1/L2 that receives signed data, verifies consensus, and exposes feeds to consumer contracts.
•     ▸ Pull‑based Oracle – A model where nodes fetch data off‑chain and push it on‑chain, used by systems like Orakle and ORAKLE. [Decrypt – Orakle](https://decrypt.co/resources/what-is-orakle?utm_source=chatgpt.com) [oai_citation:7‡Decrypt](https://decrypt.co/resources/what-is-orakle?utm_source=chatgpt.com)
•     ▸ First‑Party Oracle (Airnode) – An oracle run directly by a data provider to ensure source authenticity, popularized by API3. [CoinIdol on Band](https://coinidol.com/band-protocol-band-token/?utm_source=chatgpt.com) [oai_citation:8‡coinidol.com](https://coinidol.com/band-protocol-band-token/?utm_source=chatgpt.com)
•     ▸ Stale or Centralized Oracle – A weaker oracle model dependent on single or few data points, vulnerable to manipulation and outages. [Cointelegraph](https://cointelegraph.com/learn/articles/what-is-a-blockchain-oracle-and-how-does-it-work) [oai_citation:9‡Cointelegraph](https://cointelegraph.com/learn/articles/what-is-a-blockchain-oracle-and-how-does-it-work?utm_source=chatgpt.com)

3. Acceptance of Terms

Conditions for accessing and using the platform

By accessing or using the ORAKLE platform, including any nodes, APIs, smart contracts, documentation, and related services, you (“User”, “you”) acknowledge that you have read, understood, and unconditionally agree to be bound by these Terms, any supplemental policies, and all relevant updates published by ORAKLE. If you are accepting these Terms on behalf of an entity or organization, you represent and warrant that you have the authority to do so, and that both you and that entity are bound accordingly. Your continued use of the platform following any changes constitutes your acceptance of those changes. If you do not agree with any part of the Terms or any future amendments, you must immediately cease all use of the platform. Users represent and warrant that their use of ORAKLE complies with all applicable laws and regulations, including blockchain-specific, financial, data protection, and export control regimes. ORAKLE reserves the right, at its discretion, to suspend or terminate access for any User who violates these Terms, engages in abusive behavior, or jeopardizes the integrity, security, or performance of the network. By participating—even passively—as a node operator (“Orakler”), developer, end‑user, or data consumer, you accept the protocol’s rules around performance, accountability, staking, slashing, and dispute resolution. You also acknowledge that blockchain transactions are irreversible and assume responsibility for safeguarding any private keys or credentials used to interact with ORAKLE.

4. Purpose of the Terms

Legal framework for the use of ORAKLE and its services

These Terms establish a clear legal framework governing your access to and use of the ORAKLE protocol, including its decentralized oracle networks, APIs, validator nodes (Oraklers), smart contracts, user interfaces, and support services. Inspired by industry standards such as Orakle’s Terms of Service, they define the rights, responsibilities, and obligations applicable to all participants—whether as node operators, developers, or data consumers [oai_citation:0‡theorakleapp.com](https://www.theorakleapp.com/terms-of-service?utm_source=chatgpt.com) [oai_citation:1‡oraklelabs.com](https://oraklelabs.com/build-terms?utm_source=chatgpt.com). The purpose of these Terms is to: 1. Define the scope and legality of using ORAKLE, ensuring compliance with applicable laws. 2. Set expectations around data integrity, performance, and operational standards. 3. Clarify the economic incentive mechanisms (staking, slashing, and rewards). 4. Establish protocols for dispute resolution, governance, and protocol updates. 5. Protect ORAKLE, its operators, and users from liabilities arising from misuse, operational failures, or external attacks. By using ORAKLE, you agree to operate within this framework, which is designed to promote transparency, accountability, and long-term network resilience.

5. Access and Registration

Eligibility, wallet connection, and onboarding

Access to ORAKLE’s platform, whether as an end‑user, developer, or node operator (Orakler), is open and permissionless. Any individual or entity may participate, provided they comply with applicable laws and are at least the legal age of majority. Node operators and developers are required to register by connecting a verified wallet and providing valid contact information. Registration may include additional identity verification or IP verification steps to prevent Sybil attacks or abuse, similar to governance mechanisms used in public forums ([Band Protocol forum](https://forum.bandprotocol.com) as an example) . When registering, participants acknowledge responsibility for safeguarding their credentials and authorize ORAKLE to send critical notifications (e.g., updates to terms, governance votes). ORAKLE reserves the right to suspend or terminate access upon detection of suspicious or unlawful activity, non‑compliance with protocol rules, or breaches of eligibility—mirroring enforcement policies seen in moderated platforms . Developers integrating with ORAKLE’s APIs or smart contracts may be issued authorization keys or API credentials, with clearly defined usage limits and acceptable use standards. These help ensure network reliability and prevent abuse, following principles of decentralized oracle systems like Orakle and Band Protocol .

6. Use of the ORAKLE Protocol

Permitted use cases and user responsibilities

ORAKLE enables developers, node operators, and end-users to integrate real-world data into Bitcoin-based smart contracts in a secure, decentralized, and permissionless manner.

•     ▸ Permitted Use Cases: DeFi applications (stablecoins, lending, derivatives), gaming (provably-fair randomness, sports scores), insurance protocols (weather or crop-triggered payouts), DAO governance automation, supply chain insights, and tokenized assets—mirroring multi-domain uses enabled by Orakle and Band Protocol.  [oai_citation:0‡percs.app](https://percs.app/blog/the-crucial-role-of-orakle-in-smart-contract-development/?utm_source=chatgpt.com) [oai_citation:1‡Orakle Documentation](https://docs.orakle.xyz/data-feeds?utm_source=chatgpt.com)
•     ▸ Source Reliable Data: Developers and Oraklers must use reputable APIs with redundancy to mitigate manipulation and ensure data integrity, in line with Orakle Functions best practices.  [oai_citation:2‡Orakle Documentation](https://docs.orakle.xyz/orakle-functions/service-responsibility?utm_source=chatgpt.com)
•     ▸ Maintain Availability & Integrity: Nodes must ensure uptime, accuracy, and fault tolerance—poor performance may result in reduced scores or exclusion from quorums, as outlined in Orakle’s operational standards.  [oai_citation:3‡Orakle Documentation](https://docs.orakle.xyz/ccip/service-responsibility?utm_source=chatgpt.com)
•     ▸ Legal & Ethical Standards: All participants must follow ethical data use policies, respect API licensing terms, and avoid illicit or abusive behavior, reflecting acceptable-use frameworks from leading oracle networks.  [oai_citation:4‡Orakle Documentation](https://docs.orakle.xyz/orakle-functions/service-responsibility?utm_source=chatgpt.com) [oai_citation:5‡Orakle Documentation](https://docs.orakle.xyz/data-streams/developer-responsibilities?utm_source=chatgpt.com)
•     ▸ Secure Key & Infrastructure Management: Users are responsible for safeguarding private keys, infrastructure credentials, and operational environments to maintain protocol resilience.  [oai_citation:6‡Orakle Documentation](https://docs.orakle.xyz/orakle-functions/service-responsibility?utm_source=chatgpt.com) [oai_citation:7‡Orakle Documentation](https://docs.orakle.xyz/data-streams/developer-responsibilities?utm_source=chatgpt.com)
•     ▸ Economic Protocol Compliance: Participants must acknowledge and comply with staking, slashing, and reward mechanisms tied to performance, following models from Orakle and Band Protocol.  [oai_citation:8‡academy.shrimpy.io](https://academy.shrimpy.io/post/orakle-tokenomics-explained?utm_source=chatgpt.com)
•     ▸ Rate Limits & API Guidelines: All external integrations must abide by provider rate limits and usage policies to preserve network stability and reliability.

7. Node Operation (Oraklers)

Rules for running validator nodes in the ORAKLE network

Running an Orakler node in the ORAKLE network requires adherence to strict technical, operational, security, and economic standards to ensure reliable, decentralized data delivery.

•     ▸ Technical and Infrastructure Requirements – Nodes should run on modern Linux-based servers or VMs with recommended minimum specs of 4 CPU cores and 8 GB RAM (2 cores/4 GB RAM for development); containerized via Docker, with PostgreSQL ≥12 and full Bitcoin-compatible RPC access – aligning with Orakle production requirements ([turn0search0](https://docs.orakle.xyz/orakle-nodes/resources/requirements?utm_source=chatgpt.com)).
•     ▸ Node Responsibilities & Availability – Oraklers must maintain 24/7 uptime, promptly monitor data requests from the blockchain, fetch & sign external data, and broadcast results to ensure eligibility for quorum consensus and rewards ([turn0search1](https://docs.bandchain.org/node-validators/run-node/joining-mainnet/installation?utm_source=chatgpt.com), [turn0search6](https://docs.orakle.xyz/orakle-nodes/resources/best-security-practices?utm_source=chatgpt.com)).
•     ▸ Staking, Reputation & Economic Alignment – Operators must stake ORAKLE tokens, which are at risk of slashing for misbehavior (e.g., downtime or incorrect data). A dynamic reputation score—based on accuracy, latency, and availability—determines consensus eligibility and reward levels ([turn0search3](https://blog.binance.com/all-about-band-protocol-band?utm_source=chatgpt.com), [turn0search9](https://smartcontentpublication.medium.com/a-comparative-analysis-of-band-protocol-and-orakle-54b7d14823b5?utm_source=chatgpt.com)).
•     ▸ Security, Monitoring & Governance – Nodes must implement strong security (HTTPS, SSL/TLS, process isolation, container security), monitoring (e.g., Prometheus, Grafana, alerting on downtime or resource issues), and apply patches timely. They may participate in decentralized governance proposals and upgrades ([turn0search6](https://docs.orakle.xyz/orakle-nodes/resources/best-security-practices?utm_source=chatgpt.com), [turn0search14](https://docs.oraklewellnodes.io/blog/Orakle-Node-Security-And-Monitoring?utm_source=chatgpt.com)).
•     ▸ Permissible Operations & Enforcement – Operators must not engage in abusive or malicious behavior (such as submitting false data, ignoring slashing, operating Sybil nodes, or breaching API limits). ORAKLE reserves the right to deactivate or replace nodes that violate rules or fall below performance thresholds.

8. Staking, Slashing & Rewards

Token-based incentives and penalties

ORAKLE employs a token-driven economic model to align incentives for node operators, delegators, and users, ensuring reliable data delivery and network integrity.

•     ▸ Staking Mechanism – Node operators (“Oraklers”) must stake ORAKLE tokens to participate in validations, following models like Orakle’s where orakle tokens back oracle guarantees ([orakle.xyz staking economics](https://orakle.xyz/economics/staking)  [oai_citation:0‡Orakle](https://orakle.xyz/economics/staking?utm_source=chatgpt.com)).
•     ▸ Delegated Staking – Token holders may delegate their stake to Oraklers, with a share of rewards routed to operator stakers, reflecting Orakle v0.2’s auto-delegation and delegation reward structure (~4% of community staker rewards allocated to node operators) ([orakle.xyz staking v0.2](https://blog.orakle.xyz/orakle-staking-v0-2-overview/)  [oai_citation:1‡Orakle Blog](https://blog.orakle.xyz/orakle-staking-v0-2-overview/?utm_source=chatgpt.com)).
•     ▸ Reward Structure – Rewards originate from token emissions, data usage fees, and performance bonuses. Orakle’s system includes dynamic reward rates (e.g., base ~4.5% annual yields adjusted based on pool fill levels) ([orakle.xyz staking economics](https://orakle.xyz/economics/staking))  [oai_citation:2‡Orakle](https://orakle.xyz/economics/staking?utm_source=chatgpt.com).
•     ▸ Slashing & Penalties – Misbehavior (e.g., downtime or incorrect data) triggers slashing of staked tokens. Slashing severity scales with the infraction, and community-driven dispute protocols allow redress in edge cases ([Orakle slashing model](https://cryptobriefing.com/orakle-staking-chapter-orakle-economy))  [oai_citation:3‡Crypto Briefing](https://cryptobriefing.com/orakle-staking-chapter-orakle-economy/?utm_source=chatgpt.com).
•     ▸ Delegator Protection & Alerts – Delegators have mechanisms to raise alerts on misbehaving nodes, and slashed stakes can be redirected to those who successfully report infractions ([Orakle alerting rewards v0.1](https://flagship.fyi))  [oai_citation:4‡Flagship](https://flagship.fyi/outposts/market-insights/orakles-staking-v01-as-a-bigger-picture-of-orakle-economics-20-what-you-need-to-know-about-it/?utm_source=chatgpt.com).
•     ▸ Band Protocol Parallel – Similar to BandChain’s DPoS model, validators and delegators stake BAND tokens to secure networks, earning block and query fees while facing slashing risks for underperformance ([Shrimpy Academy](https://academy.shrimpy.io/post/what-is-band-protocol-band-defi-oracle))  [oai_citation:5‡academy.shrimpy.io](https://academy.shrimpy.io/post/what-is-band-protocol-band-defi-oracle?utm_source=chatgpt.com).
•     ▸ Reputation & Governance – Node reputation, derived from performance metrics, influences reward distribution, slashing sensitivity, and governance influence—paralleling Orakle’s Economics 2.0 era of multiparty parameter updates ([Orakle staking roadmap](https://blog.orakle.xyz/orakle-staking-roadmap/))  [oai_citation:6‡Orakle Blog](https://blog.orakle.xyz/orakle-staking-roadmap/?utm_source=chatgpt.com).

9. Security and Liability

Security assumptions, risks, and limitations of liability

ORAKLE is built upon a defense-in-depth security framework that minimizes systemic risk while recognizing unavoidable limitations inherent to decentralized oracle networks.

•     ▸ Security Assumptions & Architecture – ORAKLE assumes a threshold of honest nodes per cluster; a compromised majority may impact data integrity. The system separates data-fetching from risk-management layers, deploying multi-tier validation before on-chain submission—mirroring Orakle CCIP’s defense-in-depth model.  [oai_citation:0‡Orakle Blog](https://blog.orakle.xyz/ccip-risk-management-network/?utm_source=chatgpt.com) [oai_citation:1‡Orakle Blog](https://blog.orakle.xyz/five-levels-cross-chain-security/?utm_source=chatgpt.com)
•     ▸ Data Integrity & External Dependence – While ORAKLE uses diverse, high-quality APIs to minimize manipulation or feed outages, it remains exposed to external risks. Consensus aggregation and dynamic reputation systems are deployed to mitigate outliers and single-source failures.  [oai_citation:2‡VanEck Poland | ETFs & Mutual Funds](https://www.vaneck.com/it/en/blog/digital-assets/battle-of-the-oracles-comparating-leading-decentralized-oracle-networks/?utm_source=chatgpt.com) [oai_citation:3‡chaoslabs.xyz](https://chaoslabs.xyz/posts/oracle-network-architectures-and-topologies-pt-2?utm_source=chatgpt.com)
•     ▸ Smart Contract & Infrastructure Audits – ORAKLE smart contracts undergo formal verification and external audits. Operators are advised to enforce container isolation, SSL/TLS, automated patching, and monitoring tools (e.g., Prometheus/Grafana) consistent with industry standards.  [oai_citation:4‡Orakle Today](https://orakletoday.com/the-breadth-and-configurability-of-orakles-security-model/?utm_source=chatgpt.com) [oai_citation:5‡Oracle](https://www.oracle.com/a/ocom/docs/cloud/oracle-ctr-2020-shared-responsibility.pdf?utm_source=chatgpt.com)
•     ▸ Operational & Economic Risk Controls – Slashing mechanisms discourage downtime and false reporting, with dispute protocols protecting operators from unwarranted penalties. Anomaly detection and rate limiting defend against economic attacks, as seen in Orakle CCIP.  [oai_citation:6‡Orakle Blog](https://blog.orakle.xyz/ccip-risk-management-network/?utm_source=chatgpt.com)
•     ▸ Liability Limitations – ORAKLE and its contributors disclaim liability for financial losses, data inaccuracies, outages, or contract flaws. Users bear full responsibility for their infrastructure, key custody, and recognizing the irreversible nature of on-chain transactions.
•     ▸ Continuous Monitoring & Incident Response – The system includes real-time anomaly tracking capable of pausing affected data feeds during incidents. A bug bounty program further enhances responsiveness and community-driven security.  [oai_citation:7‡blog.bingx.com](https://blog.bingx.com/bingx-insights/what-are-oracles-and-decentralized-oracle-networks-dons/?utm_source=chatgpt.com)

10. Intellectual Property

Rights related to code, brand, and assets

All intellectual property rights in the ORAKLE platform—including software code, documentation, website content, trade names, trademarks, service marks, logos, and designs—are owned exclusively by ORAKLE or its licensors. No rights are granted to Users except as explicitly stated in these Terms. Any use, reproduction, distribution, or creation of derivative works without prior written consent is prohibited. ORAKLE and its affiliates retain all ownership, licensing, and usage rights to its proprietary content; no licensing or transfer is implied by access to the platform, consistent with industry standards such as Orakle’s IP terms, which affirm that trademarks and copyrighted material remain the sole property of the project and cannot be used without permission [oai_citation:0‡docs.orakle.xyz](https://docs.orakle.xyz/resources/hackathon-rules-waiver-and-release?utm_source=chatgpt.com). Users may access open-source components of the ORAKLE software under their respective licenses, but any use of ORAKLE’s brand assets (e.g., the name “ORAKLE,” logo, or product icons) requires documented, trademark-specific approval. ORAKLE reserves the right to revoke such approval at its sole discretion. Any claims of infringement or unauthorized use should be directed to ORAKLE’s designated IP agent, who will address the issue promptly. Additionally, reverse engineering, decompiling, or using the platform in a way that violates license terms is expressly forbidden. By using ORAKLE, you acknowledge that all IP rights not expressly granted in writing remain reserved by ORAKLE or its licensors.

11. Decentralized Governance

Voting rights and proposal system for token holders

ORAKLE features a token-based decentralized governance framework that empowers ORAKLE holders to influence protocol evolution transparently and inclusively.

•     ▸ Governance Tokens & Voting Rights – Each ORAKLE token grants proportional voting power; voting systems may include token-weighted or quadratic voting, ensuring democratic participation and mitigating centralization risks. ([blog.orakle.xyz](https://blog.orakle.xyz/how-orakle-powers-decentralized-governance/?utm_source=chatgpt.com))
•     ▸ Permissionless Proposal Submission – Any token holder can submit proposals—from protocol upgrades to treasury usage—enabling open, community-driven decision-making similar to DAO governance frameworks. ([blog.orakle.xyz](https://blog.orakle.xyz/how-orakle-powers-decentralized-governance/?utm_source=chatgpt.com), [blog.orakle.xyz](https://blog.orakle.xyz/daos/?utm_source=chatgpt.com))
•     ▸ Mitigating Centralization Risks – Governance incorporates caps on voting power, minimum participation thresholds, and curation tools to ward off vote capture and low turnout, following Orakle’s best practices. ([blog.orakle.xyz](https://blog.orakle.xyz/how-orakle-powers-decentralized-governance/?utm_source=chatgpt.com))
•     ▸ Execution via Smart Contracts – Approved proposals are executed automatically on-chain, enabling actions like upgrades, staking parameter changes, and validator adjustments without central intervention. ([blog.matcha.xyz](https://blog.matcha.xyz/article/governance-tokens-and-voting?utm_source=chatgpt.com), [bandprotocol.com](https://www.bandprotocol.com/?utm_source=chatgpt.com))
•     ▸ Engagement & Onboarding Tools – Governance is facilitated by community forums, off-chain snapshot votes, and on-chain tallying to lower barriers and boost transparency. ([orakleecosystem.com](https://www.orakleecosystem.com/ecosystem/financevote?utm_source=chatgpt.com))
•     ▸ Safeguards & Emergency Controls – Governance includes anti-spam deposits, voting delays, and emergency veto mechanisms (such as multi-signature oversight) to protect network stability. ([figment.io](https://figment.io/staking/protocols/band-protocol/?utm_source=chatgpt.com))

12. Governing Law and Jurisdiction

Applicable law and jurisdiction in case of dispute

These Terms shall be governed by and construed in accordance with the laws of [Jurisdiction, e.g. State of Delaware or England & Wales], without regard to conflict‑of‑law rules. You agree that any dispute, controversy, or claim arising out of or relating to these Terms, including non‑contractual claims, shall be resolved exclusively in the courts of [City/Region] or through binding arbitration administered by [Arbitration Body], and you hereby submit to the personal jurisdiction of those courts or arbitrators. “Governing Law” refers to the legal system under which disputes will be interpreted and resolved, while “Jurisdiction” refers to the specific location where legal proceedings will be brought. This separation provides clarity on both *which laws* apply and *where* cases may be adjudicated, aligning with standard legal structuring in technology agreements. By agreeing to these Terms, you acknowledge that this choice of governing law and jurisdiction is fair, enforceable, and based on ORAKLE’s operational headquarters, as recognized under international conventions such as the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards.

13. Modifications to the Terms

How changes to the terms will be communicated

ORAKLE reserves the right to update, amend, or modify these Terms at its discretion. Users will be informed of material changes via clear notices and must accept them through continued use of the platform.

•     ▸ Notification of Changes – ORAKLE will indicate updates by adjusting the “Last Updated” timestamp on the Terms page and, where practical, sending a notification to users via email or wallet address, similar to practices employed by Orakle’s SmartCon and Service Responsibility guidelines. ([turn0search6](https://smartcon.orakle.xyz/terms?utm_source=chatgpt.com), [turn0search7](https://docs.orakle.xyz/ccip/service-responsibility-network?utm_source=chatgpt.com))
•     ▸ Effective Date & Acceptance by Use – Unless otherwise specified, revised Terms come into effect immediately upon posting. Continued use of ORAKLE after the update indicates acceptance, following standard “click-wrap” legal models. ([turn0search3](https://www.oraklesrm.com/terms-of-service?utm_source=chatgpt.com))
•     ▸ No Retroactive Changes – Modifications do not apply retroactively unless legally mandated or explicitly stated. This ensures clarity regarding user rights and obligations at each version stage.
•     ▸ Version History Archive – ORAKLE maintains an accessible archive of previous versions of the Terms to ensure transparency and allow users to review historical changes. Best practice guidance recommends retaining past versions for user clarity. ([turn0search12](https://www.termsfeed.com/blog/update-notice-legal-agreements/?utm_source=chatgpt.com))
•     ▸ User Recourse Upon Disagreement – If users disagree with changes, they must discontinue use of ORAKLE. Continued use constitutes acceptance of updated Terms, which aligns with legal standards ensuring voluntary consent.

14. Contact and Support

Support contact information and complaint procedure

ORAKLE provides dedicated support channels and transparent escalation processes to ensure prompt assistance, accountability, and proper handling of inquiries or disputes.

•     ▸ Support Channels – For technical queries related to node setup, API integrations, or smart contract operations, please use our official support portal or email. We aim to respond to requests within 2 business days. ([turn0search0](https://orakle.xyz/contact?utm_source=chatgpt.com))
•     ▸ General Inquiries & Partnerships – For feedback, partnership proposals, or general information, contact us via our public form or community forums to connect with the relevant team.
•     ▸ Complaint & Escalation Process – If your issue remains unresolved, escalate it to our support escalation team through the portal or email. U.S. users may also contact the California Department of Consumer Affairs Division of Consumer Services at 1625 North Market Blvd, Sacramento, CA 95834 or (800) 952‑5210. ([turn0search1](https://docs.orakle.xyz/resources/getting-help))
•     ▸ Privacy & Data Requests – To review, correct, or delete personal data, contact our privacy team as detailed in our Privacy Policy. ([turn0search0](https://orakle.xyz/contact?utm_source=chatgpt.com))
•     ▸ Service Availability & Response Time – We monitor support channels during business hours and aim to acknowledge messages within 24 hours and provide guidance or resolution within 3 business days.
•     ▸ Limitations of Support – ORAKLE support is provided “as-is” and may not cover custom setups, third-party tools, or self-managed systems. We may prioritize support based on plan level, issue severity, or misuse.

15. Privacy Policy

Handling of user data, cookies, and analytics

ORAKLE is committed to transparent handling of user data, respecting privacy rights, and complying with legal standards like GDPR and CCPA.

•     ▸ Information Collection – We collect data you provide directly (contact forms, wallet registration), alongside technical details like IP addresses, browser type, and device identifiers. Cookies, pixel tags, and localStorage are used for essential site functions and analytics (e.g., Google Analytics). Users may opt-out via browser settings or consent banners. ([turn0search0](https://orakle.xyz/privacy-policy?utm_source=chatgpt.com), [turn0search6](https://www.termsfeed.com/blog/privacy-policy-google-analytics/))
•     ▸ Use of Information – Collected data is used to deliver and enhance services, communicate updates, monitor performance and security, and comply with legal obligations. Aggregated or anonymized data may also be utilized for product insights. ([turn0search0](https://orakle.xyz/privacy-policy?utm_source=chatgpt.com))
•     ▸ Data Sharing & Transfers – Personal data may be shared with third-party service providers (e.g., analytics, support, hosting) and legal authorities when required. Cross-border transfers are protected by appropriate safeguards. ([turn0search0](https://orakle.xyz/privacy-policy?utm_source=chatgpt.com))
•     ▸ User Rights – Under GDPR and CCPA, users can request access, correction, deletion, portability, or restriction of their data. To exercise these rights, contact our Privacy Officer. Data is retained only as needed for legitimate business or legal purposes. ([turn0search0](https://orakle.xyz/privacy-policy?utm_source=chatgpt.com), [turn0search18](https://www.consentmo.com/blog-posts/privacy-policy-vs-cookie-policy-what-the-shopify-merchants-should-know))
•     ▸ Security & Retention – We implement technical and organizational controls to protect data from unauthorized access or alteration. Data is stored only as long as necessary under GDPR guidelines. ([turn0search0](https://orakle.xyz/privacy-policy?utm_source=chatgpt.com), [turn0search12](https://termly.io/resources/articles/gdpr-cookies/))
•     ▸ Cookies & Analytics Compliance – We categorize cookies into essential, performance, analytics, and marketing types. Consent is obtained via GDPR-compliant banners with clear explanations and opt-out mechanisms. ([turn0search12](https://termly.io/resources/articles/gdpr-cookies/), [turn0search11](https://avenuez.com/blog/cookie-consent-compliance-best-practices-for-enterprise-data-privacy/))
•     ▸ Policy Updates – We will update this Privacy Policy periodically. Revisions will be published with updated effective dates, and users will be notified of material changes via website notices or email when applicable. ([turn0search0](https://orakle.xyz/privacy-policy?utm_source=chatgpt.com))

16. Territorial Restrictions

Compliance with local laws and regulations

ORAKLE is a global platform accessible across jurisdictions. However, regulatory frameworks for blockchain, digital assets, and decentralized services vary significantly. Users located in or accessing ORAKLE from jurisdictions where such technologies are restricted, banned, or illegal (e.g., certain countries under comprehensive crypto bans), must comply with applicable local laws. Use of ORAKLE from restricted regions is strictly prohibited. You are solely responsible for determining whether your jurisdiction permits participation in decentralized oracle networks, token staking, crypto transactions, or any related activity. Regulatory regimes may classify digital assets differently—as commodities, securities, or currencies—and may impose licensing, registration, or KYC/AML prerequisites. For example, countries like Canada and Australia mandate AML/KYC for virtual asset service providers ([Law Library of Congress](https://tile.loc.gov/storage-services/service/ll/llglrd/2018298388/2018298388.pdf)) [oai_citation:0‡tile.loc.gov](https://tile.loc.gov/storage-services/service/ll/llglrd/2018298388/2018298388.pdf?utm_source=chatgpt.com); EU countries apply data and financial rules under MiCA or GDPR ([Reed Smith blockchain FAQ](https://www.reedsmith.com/en/perspectives/2022/11/blockchain-and-data-protection--an-faq-guide) [oai_citation:1‡reedsmith.com](https://www.reedsmith.com/en/perspectives/2022/11/blockchain-and-data-protection--an-faq-guide?utm_source=chatgpt.com)). Permitted access in one country does not guarantee compliance elsewhere. By accessing or using ORAKLE, you confirm that no local or international law, regulation, or sanction prevents you from participating. You agree to indemnify ORAKLE for any violation of these obligations. ORAKLE may restrict or block access from certain IP ranges or regions to comply with sanctions or export control regimes. Continued adherence to jurisdictional rules is your responsibility, and ORAKLE disclaims liability for unlawful use in restricted areas.

17. No Financial Advice Disclaimer

Clarification that ORAKLE is not a financial advisor

All content provided by ORAKLE, including documentation, data feeds, interfaces, smart contracts, blog posts, and community channels, is for informational and educational purposes only and does not constitute financial, investment, legal, tax, or other professional advice. ORAKLE is not a licensed financial advisor, broker, or dealer. Users should understand that: - Nothing on the platform is intended as personal investment advice, recommendations, or endorsements of any project or strategy. You are encouraged to conduct your own research and consult a qualified professional before making any financial decisions ([CoinMarketCap Disclaimer](https://coinmarketcap.com/disclaimer/) as a reference) [oai_citation:0‡Law Stack Exchange](https://law.stackexchange.com/questions/83237/does-it-actually-do-anything-legally-to-state-this-is-not-financial-advice-aft?utm_source=chatgpt.com). - A statement like “not financial advice” does not necessarily protect from legal liability in all jurisdictions; it simply clarifies intent ([BrickWell & Cointelegraph analysis](https://cointelegraph.com/news/saying-not-financial-advice-wont-keep-you-out-of-jail), “Saying ‘Not Financial Advice’ Won’t Keep You Out of Jail”) [oai_citation:1‡Bracewell LLP](https://www.bracewell.com/news-events/saying-not-financial-advice-wont-keep-you-out-jail-crypto-lawyers/?utm_source=chatgpt.com). - ORAKLE explicitly disclaims responsibility for any losses, damages, or tax consequences arising from your use of the platform. By using ORAKLE, you accept full responsibility for any decisions you make based on ORAKLE-provided information, acknowledging that neither ORAKLE nor its affiliates assume liability for any resulting financial outcomes.