Disclaimer & Disclosure

Please read this disclaimer before using Koan or any information provided on koan.so. By accessing or using Koan, you acknowledge that you have read and understood this disclaimer. This disclaimer may change from time to time, and the latest version will apply when posted.

1. Informational and Educational Use Only

The information provided by Koan, including data, charts, research, backtests, alerts, models, papers, and analysis, is provided for informational and educational purposes only. It is not financial advice, investment advice, trading advice, legal advice, tax advice, or any other regulated advice.

Nothing on Koan is a recommendation, offer, solicitation, or instruction to buy, sell, hold, trade, or otherwise transact in any security, cryptocurrency, commodity, derivative, financial product, or instrument.

2. Not a Registered Adviser or Broker

Koan is not a registered investment adviser, broker-dealer, financial planner, commodity trading adviser, or other licensed financial professional. You should not treat any information on Koan as advice tailored to your financial situation, objectives, risk tolerance, or needs.

3. Research, Models, and Signals

Koan may publish exploratory research, model outputs, market observations, statistical relationships, or signal-like information. These materials are not instructions to trade and should not be relied on as predictions of future performance.

Any model, signal, or research result may be incomplete, wrong, stale, overfit, statistically weak, or affected by market conditions that no longer apply.

4. Hypothetical, Simulated, and Backtested Results

Backtested, simulated, or hypothetical results do not represent actual trading results. They are often prepared with the benefit of hindsight and may not reflect real-world constraints such as slippage, fees, bid-ask spreads, liquidity, latency, execution delays, market impact, margin requirements, taxes, or changing market conditions.

No representation is made that any account, strategy, user, or investor will achieve results similar to those shown.

5. Past Performance

Past performance, whether actual, hypothetical, or simulated, is not a guarantee or reliable indicator of future results. Markets change, and strategies that performed well historically may underperform or lose money in the future.

6. Risk of Loss

All investing and trading involves risk, including the possible loss of the entire amount invested. Cryptocurrency, equities, options, futures, forex, leveraged products, and other financial instruments can be volatile and may not be suitable for all users.

You are solely responsible for your own investment, trading, tax, and legal decisions.

7. No Suitability Review

Koan does not know your complete financial circumstances and does not evaluate whether any information, tool, strategy, or instrument is suitable for you. You should consult a qualified financial adviser, attorney, tax professional, or other licensed professional before making financial decisions.

8. Accuracy and Availability

Koan attempts to provide useful information, but does not guarantee that any data, calculation, output, chart, analysis, feature, or service is accurate, complete, timely, reliable, secure, uninterrupted, or error-free.

Koan may contain bugs, delays, omissions, data errors, model errors, or other limitations. You should independently verify information before relying on it.

9. Third-Party Data and Services

Koan may use market data, prices, analytics, infrastructure, integrations, APIs, or other information from third-party providers. Koan does not control or guarantee third-party data or services and is not responsible for errors, delays, omissions, interruptions, or actions taken in reliance on them.

10. Survivorship Bias and Data Limitations

Historical data may be affected by survivorship bias, look-ahead bias, selection bias, missing instruments, delisted securities, exchange differences, timestamp mismatches, corporate actions, data vendor revisions, or other limitations. These issues can make historical results appear more favorable or reliable than they would have been in live use.

11. Forward-Looking Statements

Some content may include expectations, projections, scenarios, assumptions, or other forward-looking statements. These statements involve risks and uncertainties, and actual outcomes may differ materially.

12. Affiliate and Compensation Disclosure

Koan may receive compensation from third parties whose products or services are mentioned, linked, integrated, or featured on the platform, including brokers, data providers, software providers, or other partners. This compensation may influence what appears on Koan.

Such relationships do not constitute an endorsement or recommendation. You should conduct your own independent review before using any third-party product or service.

13. User Responsibility

You use Koan at your own risk. You are responsible for conducting your own research, verifying information, understanding the risks, and deciding whether any action is appropriate for you.

14. Changes to Content and Services

Koan may modify, update, remove, suspend, or discontinue content, features, tools, data, or services at any time without notice.

15. Intellectual Property

All content, software, tools, algorithms, data visualizations, branding, and other materials on Koan are owned by Koan or its licensors and are protected by applicable intellectual property laws. You may not copy, reproduce, distribute, modify, scrape, resell, or use Koan materials for commercial purposes without prior written permission.

16. Jurisdictional Issues

Koan is operated from Delaware, United States. Koan makes no representation that its materials are appropriate or available in every jurisdiction. If you access Koan from outside the United States, you are responsible for complying with local laws and regulations.

17. Limitation of Liability

To the fullest extent permitted by law, Koan and its affiliates, officers, directors, employees, agents, licensors, and service providers will not be liable for any direct, indirect, incidental, special, consequential, punitive, exemplary, or other damages arising from or related to your use of Koan or reliance on any information provided through Koan.

To the fullest extent permitted by law, Koan's total aggregate liability for any claim will not exceed the amount you paid to Koan during the twelve months before the claim arose. Some jurisdictions do not allow certain limitations of liability, so some limitations may not apply to you.

18. No Waiver of Legal Rights

Nothing in this disclaimer limits rights that cannot be limited under applicable law.

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