Licensor: WillowView Ventures, Inc. ("WillowView", "we", "us") Software: BitThor, including its installer, updates, and accompanying documentation Effective: On your installation or use of the Software Version: 1.0
READ THIS AGREEMENT BEFORE INSTALLING. By installing or using BitThor you accept these terms. If you do not accept them, do not install the Software, and decline the licence page in the installer.
1. Licence Grant
Subject to your compliance with this Agreement, WillowView grants you a personal, non-exclusive, non-transferable, revocable licence to install and run one (1) copy of the Software on a single computer or terminal that you own or control, strictly for your individual internal use.
This licence is granted on a per-user, per-machine basis. You may not install or execute the Software concurrently on multiple devices under a single licence key. For the avoidance of doubt, business entities, corporate bodies, and institutional traders are expressly prohibited from using this version of the Software and must secure a separate, written Commercial Licence Agreement from WillowView prior to deployment or use.
2. Restrictions
You may not:
- redistribute, sell, rent, lease, sublicense, or otherwise make the Software available to any third party;
- reverse engineer, decompile, or disassemble the Software, or attempt to derive its source code or underlying algorithms, except to the extent that applicable law expressly permits such activity notwithstanding this restriction;
- remove, obscure, or alter any proprietary notice, licence text, or attribution in or accompanying the Software;
- modify the Software or create derivative works from it;
- use the Software to build a competing product or service;
- circumvent or interfere with any licensing, activation, or update mechanism.
The carve-out in clause 2 is deliberate. In the European Union, Directive 2009/24/EC Articles 5(3) and 6 preserve certain rights to observe, study, and decompile software for interoperability that cannot be removed by contract. A blanket prohibition would be unenforceable there; a clause that acknowledges the limit is not.
3. Ownership
The Software is licensed, not sold. WillowView retains all right, title, and interest in the Software, including all intellectual property rights in its trading engine, indicators, models, parameters, and interface. Nothing in this Agreement transfers ownership of anything.
The Software incorporates third-party components licensed separately. Those components are governed by their own licences, reproduced in the THIRD-PARTY-NOTICES.txt file distributed with the Software. Where a third-party licence conflicts with this Agreement, that licence governs its component.
4. Trading Risk — Please Read
BitThor is a tool. It is not investment advice, and it does not guarantee any financial outcome.
- Automated trading involves substantial risk of loss, including loss of your entire capital.
- Past performance, backtest results, and simulated results do not predict future results. Simulated results in particular have inherent limitations and are not a record of actual trading.
- You are solely responsible for every decision made through the Software, including strategy selection, parameters, position sizing, and the choice to trade with real funds.
- WillowView is not your broker, adviser, or fiduciary, and no such relationship arises from your use of the Software.
- You are responsible for determining whether your use complies with the laws, regulations, and tax obligations that apply to you.
- The Software runs on your machine, connects to venues using credentials you supply, and depends on your hardware, network, and power remaining available. An interruption may leave positions open or orders unfilled.
5. Exchange and Broker Accounts
You connect the Software to your own accounts at third-party exchanges and brokers using API credentials you obtain and control. Those relationships are between you and those venues. WillowView is not a party to them, does not hold your funds, and is not responsible for a venue's availability, pricing, fees, execution, or solvency. Your credentials are stored on your machine. You are responsible for the permissions you grant them, and for keeping your machine secure.
6. Privacy and Data
The Software runs locally and your trading data stays on your machine. Certain optional features — account registration, session sharing, leaderboards, and support correspondence — transmit data to WillowView's services as described in our published Privacy Policy. By opting into or using these features, you consent to the collection, processing, transmission, and storage of telemetry and account data in strict alignment with that policy, which is incorporated into this Agreement by reference.
7. Updates
WillowView may make updates available. Some may be required for the Software to continue working with third-party venues. WillowView is not obliged to provide updates, support, or continued compatibility with any venue.
8. No Warranty
THE SOFTWARE IS PROVIDED "AS IS" AND "AS AVAILABLE", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, AND NON-INFRINGEMENT. WILLOWVIEW DOES NOT WARRANT THAT THE SOFTWARE WILL BE UNINTERRUPTED OR ERROR-FREE, THAT DEFECTS WILL BE CORRECTED, OR THAT IT WILL BE PROFITABLE.
Some jurisdictions do not allow the exclusion of implied warranties, so parts of this section may not apply to you.
9. Limitation of Liability
TO THE MAXIMUM EXTENT PERMITTED BY LAW, WILLOWVIEW WILL NOT BE LIABLE FOR ANY TRADING LOSSES, LOST PROFITS, LOST DATA, BUSINESS INTERRUPTION, OR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR EXEMPLARY DAMAGES ARISING FROM OR RELATED TO THE SOFTWARE, EVEN IF ADVISED OF THE POSSIBILITY.
WILLOWVIEW'S TOTAL AGGREGATE LIABILITY UNDER THIS AGREEMENT, WHETHER IN CONTRACT, TORT (INCLUDING NEGLIGENCE), OR OTHERWISE, WILL NOT EXCEED THE GREATER OF (A) THE TOTAL AMOUNT YOU ACTUALLY PAID TO WILLOWVIEW FOR THE SOFTWARE IN THE TWELVE (12) MONTHS PRECEDING THE EVENT GIVING RISE TO THE CLAIM, OR (B) ONE HUNDRED US DOLLARS ($100.00). THIS CAP IS A CRITICAL INDUCEMENT TO WILLOWVIEW PROVIDING THE SOFTWARE AT ITS CURRENT PRICE POINT AND WILL STAND EVEN IF THE REMEDY FAILS OF ITS ESSENTIAL PURPOSE.
Nothing in this Agreement excludes liability that cannot lawfully be excluded, including liability for death or personal injury caused by negligence, or for fraud.
10. Term and Termination
This Agreement runs until terminated. It terminates automatically if you breach it. You may terminate by uninstalling the Software and destroying all copies. Sections 3, 4, 8, 9, and 12 survive termination.
11. Export and Sanctions
You may not use the Software in violation of applicable export control or sanctions laws, and you represent that you are not located in, or acting on behalf of anyone in, an embargoed jurisdiction.
12. General
Governing Law and Venue. This Agreement and any dispute arising out of or related to it shall be governed exclusively by, and construed in accordance with, the laws of the State of Delaware, United States, without regard to its conflict of laws principles. The United Nations Convention on Contracts for the International Sale of Goods is explicitly excluded. Any legal suit, action, or proceeding arising out of or related to this Agreement must be instituted exclusively in the state or federal courts located in Wilmington, Delaware, and each party irrevocably submits to the exclusive jurisdiction of such courts.
Entire Agreement. This Agreement is the entire agreement between you and WillowView regarding the Software and supersedes any prior understanding.
Severability. If a provision is held unenforceable, the rest remains in effect.
No Waiver. A failure to enforce a provision is not a waiver of it.
Assignment. You may not assign this Agreement. WillowView may assign it in connection with a merger, acquisition, or sale of assets.
Changes. WillowView may modify this Agreement for future versions. Changes do not apply retroactively to a version you have already installed.
Contact. legal@willowviewventures.com.