Preflop

Legal and product status

Terms of use

Implemented

Preflop operates a play-money simulation. Nothing shown is live, on-chain, enforceable, or offered for investment. These terms model an intended instrument and govern only your use of the current demo.

Current service

Demo-only

You may browse fictional profiles and use play credits to test simulated Trajectory and Milestone markets. No payment is accepted. No trade has a real counterparty, cash value, transfer right, ownership right, payout, or legal claim.

Eligibility and conduct

Implemented

You must be at least 18 to submit personal information to the optional early-access waitlist. The demo does not require joining the waitlist. Do not attempt to disrupt the service, access another tester’s session, evade limits, or submit unlawful content. Accreditation, KYC, wallet, and securities eligibility are not part of this demo.

Modelled instrument

Counsel-gated

Research pages describe a possible financial right tied to defined Total Economic Benefit, with Trajectory and Milestone markets. They are design artifacts only. No covenant, token, blockchain issuance, auction, security, exchange, broker service, or enforceable obligation is live or offered.

Simulation and model risk

Demo-only

Prices, probabilities, fills, volume, histories, model references, news, outcomes, balances, and returns are simulated. They may be incomplete or wrong and are not financial, legal, tax, career, or investment advice.

Availability and liability

Implemented

The demo is provided as-is for research and may be changed, paused, reset, or withdrawn. To the extent permitted by law, Preflop is not responsible for decisions made from simulated outputs.

Product truth

Status of the proposed mechanics

What does a backer own?

Counsel-gated

In today’s demo, only a play-money position in a fictional market. The intended Trajectory instrument would be a defined financial right tied to specified Total Economic Benefit, never ownership of a person, control over their work, or equity in every company they build. No real instrument is offered today.

How long does it last?

Proposed

The research model treats Trajectory Units as perpetual and Milestone contracts as ending at a stated deadline. The duration and enforceability of any real instrument remain undecided pending product, operating, and legal review.

How do exit and buyback work?

Proposed

The demo permits play-money trading. A real delisting, issuer buyback, hardship exit, pricing method, and holder treatment are not settled. No unilateral real-world exit or buyback right exists today.

What happens after death or incapacity?

Proposed

The demo makes no claim against a person or estate. The humane treatment of death, incapacity, hardship, existing positions, and any continuing economics is explicitly undecided and must be resolved with counsel before a real pilot.

What becomes public?

Implemented

Current profiles and activity are fictional simulations. A future issuer would approve each public profile field and milestone before publication. Exact disclosure requirements, private verification data, correction rights, and withdrawal procedures remain counsel-gated.

Who writes and resolves Milestones?

Demo-only

Preflop supplies scripted goals and simulated evidence for fictional people in the demo. Future milestone authorship, issuer approval, evidence hierarchy, conflicts, appeals, and independent resolution authority are undecided and cannot be inferred from the demo.

What are the fees?

Proposed

The play-money ticket discloses its simulated transaction cost before confirmation. No origination or real trading fee is currently charged or offered. A real fee schedule is undecided and would require explicit terms before launch.

Updated September 27, 2026 · See Privacy and Ethics.