Copy-Trading Authorization

1. You confirm every trade

No order is placed in your account without your say-so, given on that specific order or, for the exits described below, given by you in advance. When a trader you copy makes a move, Krishan Thushyanthan, carrying on business as Meror works out what your copy would do from the amount you allocated and the limits you set, and puts it to you: the security, the side and the approximate size. Nothing is sent until you confirm it. If you decline, or do not answer before the proposal lapses, nothing is sent and nothing changes in your account.

This is an instruction to carry out the trades you confirm, one at a time. Krishan Thushyanthan, carrying on business as Meror holds no discretionary trading authority over the account, no standing authority to trade without your confirmation other than a Standing Sell Instruction you give and can withdraw, and no power of attorney. You may withdraw the instruction at any time.

A proposal is worked out again at the moment you confirm it, so it is priced and sized from that moment rather than from when it was proposed. Some exits are instructed by you in advance and do not wait on a further confirmation: pressing Stop, or selling a single holding, is your instruction to sell; a profit target you set for a copy to close at is your instruction to sell what the copy holds when it is reached; and where you have given a Standing Sell Instruction for a copy, a sell that comes from the copied trader selling is placed without asking you first, while buys, and sells that do not come from the trader selling, are still put to you. In a wallet that signs its own trades, each of these sales still waits for your signature. You are told after each sell placed under a Standing Sell Instruction, and you can withdraw it at any time. It is set out in its own document, which you accept when you give it.

2. Your limits govern

No order is placed that would breach the limits you set in advance: the largest share of a copy in one security, the cash reserve, the cap per order and per day, the kinds of instrument allowed, and the drawdown and single-loss pauses. Limits are checked before every order on the data then available. A small memecoin copy is started with a largest share per coin high enough for one minimum swap, shown to you before it starts; if you add money without having changed that limit, it is brought back toward the ordinary one. A memecoin buy under the minimum swap is raised to it only within your limits. Likewise, a copy at a venue that trades whole shares only may be started with a higher largest share per security, high enough for one whole share, shown to you before it starts; if you add money without having changed that limit, it is brought back toward the ordinary one. A memecoin copy buys only the trader's coins, never their SOL, stablecoins or wrapped coins, each at their weight scaled up by a factor fixed for the copy (at most four times) as the Terms of Service set out; the scaled targets are held to the same limits. The real costs of each wallet swap are charged to the copy it was made for.

3. Execution is not guaranteed

Orders are sent to your venue as market or equivalent orders. They may fill at prices different from the copied trader's, may fill partially, may be rejected by the venue, or may not fill. Delays between the trader's fill and yours are inherent.

4. Equivalent contracts

When a copied trader holds a market that your venue does not list, nothing is substituted unless you switched on equivalent contracts for that copy; the setting is off by default. When it is on, a contract on your venue is used only where its subject, threshold and settlement date match under the published rules, and each substitution is recorded showing both contracts. When no clear equivalent exists, the position is not copied and is recorded as refused. Equivalent contracts can differ in price, liquidity and resolution.

5. Instruments your venue cannot trade

Positions in instruments your venue does not offer (for example a perpetual future when your account is an equities brokerage) are not copied and are recorded as refused.

6. You can lose money

You acknowledge that copying can lose some or all of the money you allocate, and with leveraged instruments more than that; that past performance of any trader does not predict future results; and that Meror does not guarantee any outcome.

7. Not advice; the trading key

Traders shown are not recommendations. Meror is not your adviser or broker. Your funds and positions remain at your venue, and Meror never holds your money in an account of its own. For a Solana wallet connected with a trading key, or set up in Meror, Krishan Thushyanthan, carrying on business as Meror keeps that trading key, encrypted, and uses it only to place the orders this instruction allows; the wallet and its contents remain yours, and you can disconnect the key at any time. The wallet service issues that trading key as a copy of the wallet's private key, encrypted by that service, and decrypts it to sign the trades we send it; your recovery key is generated by that service and sent from it straight to your browser, and never reaches us. Keep in such a wallet only what you are copying with.

8. Eligibility and law

You confirm that you are permitted to hold and trade in the connected account from your jurisdiction, that the account is yours, and that you will comply with your venue's rules and applicable law, including tax reporting.

9. Pausing and revocation

You may pause or stop any copy, and revoke this instruction, at any time from the real-money page. Both are checked before every order, so they take effect before the next order; an order your venue has already received may still fill. Pausing keeps what the copy holds. Stopping sells the positions the copy opened, at your venue, at the price of the moment. Revoking this instruction places nothing and sells nothing: it ends our access to the account and leaves everything in it where it is. Stopping or revoking also means nothing still waiting on you can be placed. Pausing does not clear what is waiting: nothing is placed while the copy is paused, and you can still confirm a waiting trade after you resume, until it lapses. A paused copy places nothing, including sells under a Standing Sell Instruction; the instruction stays on, as the copy's card shows, and applies again when you resume, so a coin the trader sold while the copy was paused is sold when you resume. Stopping the copy, or revoking this instruction for its account, ends the Standing Sell Instruction.

10. Record

Your acceptance is recorded with this document's version, the time, and the network address it was given from, and is kept as required by law.