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PHOENIX PERPSOL-PERPMark—CHALLENGE · VIRTUAL CAPITAL / SOLANA
LEGAL

Refund policy.

Version 2026-10-08

Draft — pending legal review. This document is not final and creates no commitments yet. The finalized version will be published here before it takes effect.

What you pay for

The challenge fee is a one-time payment in USDC for a single evaluation attempt. The evaluation activates automatically as soon as the on-chain payment is confirmed — from that moment the service has been delivered in full: your account exists, your rules are locked, and the risk engine is running. See the challenge rules.

Duplicate and failed payments

If a payment is sent but no challenge account is created for it, the funds are not lost: every payment request carries a unique on-chain reference key, and unconfirmed or duplicate transfers are resolved against that reference. Contact support (see the footer) with your transaction signature and we will sort it out.

What this draft does not cover yet

The final policy will define: whether and when a fee can be refunded after activation (for example, for technical failures on our side), how refund requests are submitted and processed, and timelines. Until the final version is published, this page promises nothing beyond the duplicate-payment handling described above.

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