# Terms of use Notice | Chain Sheet | Updated: 24 September 2026 These terms cover the sheets published at echoblock.org and the figures printed on them. A sheet is published information about trading venues, put together from the documents those venues publish and from readings we take ourselves. It is not advice, and reading one is the whole of what this site offers: there is nothing here to buy, join or sign. What follows sets out the limits that reading comes with — what a figure claims, what a leveraged contract can cost, how a wrong figure gets put right, and what this publication is and is not to the venues on its sheets. Sections on this sheet: What a sheet is and is not · Leverage and the size of a loss · Figures and the date beside them · Corrections · This publication and the venues · Quoting, copying and availability. ## What a sheet is and is not Everything on this site is published information. None of it is investment, legal, tax or accounting advice, an offer or solicitation to trade anything, or a recommendation that any reader use any venue named on a sheet. A score is arithmetic and nothing more: the five criteria and the weights printed on [how we rate](/how-we-score), applied to inputs printed beside the score itself. It describes what those inputs were on the day they were read. It does not forecast what a venue will do next, does not promise the venue will still be running next month, and says nothing about whether the venue suits the person reading. Where to trade, whether to trade at all, and everything that follows from either, belongs to the reader alone. ## Leverage and the size of a loss Every contract compared on these sheets is a perpetual future: a leveraged contract on a price, settled in cash, with nothing delivered at either end. Leverage is what makes a small move expensive. An adverse move of a fraction of a percent can take the margin behind a position in full, the venue decides when that moment has arrived under rules it is free to change, and the closing price is the one its engine reaches rather than one anyone agreed to. Funding runs the whole time a position stays open, in one direction or the other, so holding a position costs or pays before the price has done anything. Whether a venue will accept a particular reader at all, and on what conditions, is settled by that venue's terms and by the law that applies where the reader is. This site assesses neither and can do so for nobody. ## Figures and the date beside them A figure on a sheet is what we read or measured on the date printed next to it, and it claims nothing about any other day. Venue documents were read on 18 September 2026 for the sheets as they stand, and a venue is free to change a fee schedule, a leverage ladder, a market list or its terms of use on any morning, without notice to anyone who writes about it. Our own order-book readings are narrower still: they come from one day's readings, from 20 September 2026 into 21 September 2026, a reading every ten minutes, and a book is a different book minutes afterwards. Weaker again are the two market columns — open interest and 24-hour volume are what a venue returns about itself, CoinMarketCap carried those returns on 22 September 2026, and nothing on this side of the page tested them. Before a number here decides anything, confirm it where it came from. ## Corrections The one remedy this site can offer for a figure that is wrong is to put it right, and that remedy is open to anyone. A message that can be acted on names the sheet by its address, quotes the figure as it currently stands on the page, and points to the source showing a different value; a message arguing that a placing is unfair, with nothing behind it, is read and changes nothing. What happens next is fixed: the claim is checked against the source given and against the venue's own document, the sheet is rebuilt where the figure moves, and a figure that can no longer be sourced comes off the sheet instead of being defended. A rebuilt sheet is republished under a new revision date, so a date that has not moved is a statement that nothing beneath it has changed. Write to sheet@echoblock.org. ## This publication and the venues Chain Sheet is not a broker, an agent, an introducer or a representative of any venue on any sheet. It holds no money, routes no order, opens no account, and can act for nobody in a disagreement with a venue: where a sheet cites a venue's own page, that page is reached by an ordinary link, the same way any other site is reached. Venue names and marks belong to the operators that own them and appear here to identify what is being compared, not with anyone's permission and not as anyone's endorsement. This site carries commercial placement, set out under paid placement in [About Chain Sheet](/about). What the arrangement does not reach is the arithmetic, which is printed in full, criterion by criterion, so that a placing can be followed rather than believed. A different crypto project occupied this domain until the spring of 2024. This publication is not its successor and carries none of its obligations: no token, balance, allocation or undertaking made under it has any bearing on what is published here, and nothing on these sheets revives any part of it. ## Quoting, copying and availability Quote what is useful. A quotation that names the sheet and links to the page the figure sits on lets whoever reads the quotation check it, which is the point of printing sources at all. Republishing a whole sheet, or rebuilding one as a page of your own, is a different thing and is not covered by that permission. Automated readers are welcome at a rate one server can answer, and every page answers in markdown at its own address, so a copy costs far less than crawling the layout for it. The sheets themselves are published as they stand: nothing here undertakes that the site will be reachable, that a cited page elsewhere still answers, or that a sheet is free of error. What is undertaken is the paragraph above — an error, once shown, is corrected or removed. Publication of this sheet is bought.