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Terms of Service

1. What Pebble is

Pebble is a marketplace where software builders ("Builders") offer capped revenue-share agreements and users ("Backers") purchase pro-rata portions of those agreements. A revenue-share agreement entitles Backers to a stated percentage of a Builder's gross revenue, distributed monthly, until total distributions reach a stated cap, at which point the agreement ends permanently. Revenue figures are read from the Builder's payment processor through a read-only connection and are not self-reported.

Pebble is not a bank, broker-dealer, investment adviser, or exchange, and nothing on the platform is investment, legal, tax, or accounting advice. A revenue-share agreement is not equity, a deposit, a bond, or a guaranteed-return product.

2. Eligibility

You must be at least 18 years old and legally able to enter contracts in your jurisdiction. The service is not available where its use would be unlawful, and availability of individual listings may vary by jurisdiction. You are responsible for confirming that your use of Pebble is lawful where you live.

3. Backer terms

When you back a listing, your funds are committed to that listing's raise. If a raise does not reach its target by its deadline, your contribution becomes reclaimable in full. Once a raise finalizes, your position entitles you to your pro-rata portion of each monthly distribution, net of the distribution fee, until you have received the stated cap. Distributions depend entirely on the underlying business's actual revenue. Payouts can fall, can stop, and you can receive back less than you contributed, including nothing. Positions are not redeemable on demand and may not be transferable.

4. Builder terms

Builders must maintain an accurate, uninterrupted read-only connection to their payment processor, post the required escrow bond before raising, fund each monthly distribution when due, and provide truthful disclosure at listing. Missing a distribution triggers payment from the bond and public flagging of the listing. Attempting to manipulate revenue data, disclosure contents, or the attestation process is a material breach and may be fraud.

5. Fees

Pebble charges Builders 4% of a completed raise and charges Backers 1% of each distribution. Fees are shown before you commit funds. Network transaction costs on the underlying blockchain are borne by the party submitting the transaction.

6. On-chain settlement

Agreements are implemented in smart contracts on Robinhood Chain. Blockchain transactions are irreversible; Pebble cannot undo, reverse, or reissue completed transactions. You are solely responsible for the security of any wallet you use with the service.

7. Prohibited use

You may not use Pebble to launder money, evade sanctions, finance unlawful activity, misrepresent your identity, interfere with the platform's operation or its attestation infrastructure, or circumvent geographic restrictions. We may suspend access, freeze listings, or refuse service where we reasonably suspect prohibited use or where the law requires it.

8. Disclaimers and liability

The service is provided "as is" and "as available." To the maximum extent permitted by law, Pebble disclaims all warranties and is not liable for losses arising from Builder business failure, revenue decline, smart-contract defects, blockchain or processor outages, or your own wallet security. Our aggregate liability for any claim is limited to the greater of the fees you paid us in the twelve months before the claim arose or one hundred US dollars. Nothing in these terms excludes liability that cannot lawfully be excluded, including under the Australian Consumer Law where it applies.

9. General

These terms are governed by the laws of Victoria, Australia, subject to confirmation by counsel before public launch. We may amend these terms by posting an updated version with a new effective date; continued use after changes means acceptance. If any provision is unenforceable, the remainder stays in effect.