Please read these Terms and Conditions carefully before using the BizMarket platform, BizSwap, or purchasing any BizShares instruments. By connecting your wallet, creating an account, or completing any transaction on BizMarket, you confirm that you have read, understood, and agree to be bound by these Terms. If you do not agree, do not use the platform.
These Terms and Conditions ("Terms") govern your access to and use of the BizMarket protocol, BizSwap exchange, BizLend lending platform, and all associated products, services, smart contracts, dashboards, and digital interfaces (collectively, the "Platform") operated by BizMarket and its affiliated entities ("BizMarket", "we", "us", or "our").
By accessing or using the Platform in any way, including but not limited to connecting a digital wallet, purchasing BizShares instruments, viewing your dashboard, or receiving yield payments, you ("User", "you", or "your") agree to these Terms in full. These Terms constitute a legally binding agreement between you and BizMarket.
BizMarket is a real-world asset (RWA) protocol that enables users to purchase on-chain instruments backed by the revenue of real businesses, private credit pools, and sovereign government securities. The Platform operates on the Solana blockchain network.
These Terms apply to all products and services offered by BizMarket, including:
To use BizMarket, you must:
BizMarket does not knowingly offer services to users in jurisdictions where such services would be in violation of local law. It is your sole responsibility to ensure that your use of the Platform is lawful in your jurisdiction. BizMarket reserves the right to restrict access from any jurisdiction at any time without notice.
Nothing on the BizMarket Platform constitutes financial advice, investment advice, legal advice, or tax advice. All content, including instrument descriptions, yield estimates, APR figures, and dashboard projections, is provided for informational purposes only. You should consult a qualified financial adviser before making any investment decision. BizMarket is not responsible for any investment decisions you make based on information provided on the Platform.
BizShares are on-chain digital instruments that represent economic rights tied to real-world assets and revenue streams. BizShares are NOT equity securities. They do not confer ownership in any business, voting rights, board representation, or any claim on the assets of any business in the event of liquidation or winding up.
The three classes of BizShares instruments are distinct in their underlying assets, risk profiles, and return structures:
BizYield instruments represent a contractual entitlement to a percentage of a listed business's monthly gross revenue for a defined period. The revenue percentage is determined by the formula: (Investment Amount / Total Raise) x 100. BizYield returns are variable and directly dependent on the performance of the underlying business. BizMarket does not guarantee any minimum return on BizYield instruments.
BizCredit instruments represent participation in BizMarket's private lending pool. Holders receive fixed weekly payments in stablecoins for a 12-week cycle, with principal returned at the end of the cycle. The fixed return is 4% per quarter (approximately 16% annualised). BizCredit returns depend on the health of BizMarket's loan portfolio and are not guaranteed by any government or insurance scheme.
BizBond instruments are backed by sovereign government securities including Nigerian Federal Government Treasury Bills, FGN Bonds, Savings Bonds, Sukuk, Infrastructure Bonds, and equivalent sovereign instruments. BizBond offers a fixed 10% annual return paid quarterly. While BizBond carries the lowest risk of the three instrument classes, sovereign risk and currency risk are not zero.
Holding BizShares of any class does not make you a shareholder, part-owner, director, or creditor of any listed business or of BizMarket itself. Your BizShare Certificate records your economic entitlement to yield payments only. The underlying business retains 100% of its equity. BizMarket's private equity participation in listed businesses is for oversight and verification purposes on behalf of all instrument holders and does not create any ownership rights for holders.
Each BizShares instrument cycle is subject to a maximum supply cap. For the inaugural cycle, each instrument class is capped at 1,000 units. Once a cap is reached, no further purchases can be made in that cycle. Caps are enforced on-chain and cannot be overridden. BizMarket may launch subsequent cycles with new terms at its sole discretion.
Certain instruments are subject to vesting periods during which certificates are non-transferable and yield payments do not commence:
During the vesting period, you may not transfer, sell, or trade your certificates. BizMarket enforces vesting lock-ups via Solana's Metaplex Token Auth Rules. Attempting to circumvent the vesting lock is a breach of these Terms.
BizMarket accepts the following payment methods for instrument purchases via BizSwap:
The following minimum purchase amounts apply per transaction:
Purchases below the minimum threshold will be rejected by the Platform. Minimum amounts are enforced at the point of transaction and cannot be waived.
BizMarket charges a 1% origination fee on all BizShares instrument purchases. This fee is additive, not deductive. The fee is calculated on the investment amount and charged in addition to it, in the same currency used for the purchase.
Your BizShares entitlement is calculated on the investment amount only, not the gross amount charged. The 1% fee does not affect your yield entitlement, your revenue share percentage, your weekly payment amount, or your principal return amount.
Example: A purchase of $400 worth of BizYield results in a total charge of $404. The user receives BizYield entitlement calculated on $400.
All payments made on the BizMarket Platform are final and non-refundable once the transaction is confirmed on the Solana blockchain. BizMarket does not offer refunds, chargebacks, or cancellations after a purchase is completed. By confirming a purchase, you acknowledge that blockchain transactions are irreversible and accept full responsibility for the transaction.
Where payment is made in a currency other than USD, the USD equivalent is calculated at the prevailing exchange rate at the time of transaction using BizMarket's oracle infrastructure. Exchange rates are sourced from Chainlink price feeds and ChainRails. BizMarket is not responsible for any losses arising from exchange rate fluctuations between the time you initiate a transaction and the time it is confirmed on-chain.
Yield payments are made according to the following schedules:
All yield payments on BizMarket are made exclusively in stablecoins. BizMarket does not pay yield in its native $BIZMART token or in any other volatile digital asset. Payments are made in cNGN or USDC based on the holder's preference as configured in their dashboard settings. BizMarket reserves the right to add additional stablecoin payment options at any time.
For BizYield instruments, monthly distributions are calculated as follows:
BizYield returns are variable and not guaranteed. The amount you receive each month depends entirely on the revenue generated by the underlying business during that month. BizMarket does not top up, supplement, or guarantee any minimum BizYield distribution. If a business generates zero revenue in a given month, the distribution for that month will be zero. This is the nature of a high-risk revenue share instrument.
BizMarket maintains a reserve fund to protect BizCredit holders against short-term disruptions in the loan portfolio. This reserve is not a guarantee of returns and does not cover losses arising from large-scale portfolio defaults. The reserve fund is maintained at BizMarket's sole discretion and its size and deployment are not disclosed publicly.
You are solely responsible for determining and fulfilling any tax obligations arising from yield payments, capital gains, or any other returns you receive from BizShares instruments. BizMarket does not provide tax advice and does not withhold taxes on distributions unless required by applicable law. BizMarket recommends that you consult a qualified tax adviser in your jurisdiction.
Upon purchase, BizMarket issues you a BizShare Certificate on the Solana blockchain. This certificate is an on-chain digital record that documents your economic entitlement to yield payments. BizShare Certificates are issued as Metaplex NFTs (for BizYield and BizBond) or Solana SPL tokens (for BizCredit) depending on the instrument class.
Your BizShare Certificate is not a security, a share, an equity instrument, or a debt instrument issued by any listed business. It is a record of your contractual entitlement to distributions managed by BizMarket. The legal agreement underlying your entitlement is the Revenue Participation Agreement, Credit Participation Agreement, or Bond Participation Agreement held between BizMarket and the relevant counterparty.
BizShare Certificates are named to reflect the instrument class and, for BizYield instruments, the underlying business:
The certificate name does not imply ownership of the named business. It identifies the revenue source against which your yield entitlement is measured.
Subject to vesting restrictions set out in Section 3.4, BizShare Certificates may be transferred between wallets within the BizMarket ecosystem via BizSwap. Certificates may not be transferred to external platforms, listed on third-party exchanges, or used as collateral outside of BizMarket's own BizLend protocol without BizMarket's prior written consent.
BizMarket has no ability to recover certificates from lost, stolen, or inaccessible wallets. You are solely responsible for the security of your Solana wallet and private keys. BizMarket will not reissue certificates under any circumstances where the original certificate remains on-chain in a wallet you cannot access.
BizLend is a separate lending protocol within the BizMarket ecosystem that allows users holding tokenized stock positions acquired through Stox to borrow cNGN stablecoins using those stock positions as collateral. BizLend operates independently of BizShares instruments. Participation in BizLend is subject to these Terms as well as any additional BizLend-specific terms published on the Platform.
The following parameters apply to all BizLend loans:
Liquidation is automatic and irreversible. If your collateral value falls to the liquidation threshold, your collateral will be liquidated without further notice to you. You may lose some or all of your collateral in a liquidation event. It is your responsibility to monitor your loan health factor and top up collateral or repay your loan before the liquidation threshold is reached. BizMarket is not liable for losses arising from liquidation.
BizLend relies on oracle price feeds to determine collateral values and calculate loan health factors. These price feeds are sourced from Chainlink and other third-party providers. BizMarket does not guarantee the accuracy, timeliness, or availability of oracle price data. In the event of oracle failure or manipulation, BizMarket may pause new borrowing activity. BizMarket is not liable for losses arising from oracle failures, data delays, or price feed inaccuracies.
Investing in BizShares instruments and using BizLend involves significant financial risk. You should not invest more than you can afford to lose. By using the Platform, you confirm that you understand and accept the following risks:
For all BizYield instruments, BizMarket's associated private equity entity holds a direct stake in the listed business as part of the onboarding process. This participation grants BizMarket access to the business's financial records, management accounts, and operational data on a monthly basis. This access is used exclusively for the purpose of verifying revenue figures for distribution calculations. It does not transfer any ownership rights to BizShare Certificate holders.
Before any business is listed under BizYield, BizMarket conducts a multi-factor assessment covering revenue history, business model sustainability, product quality, foot traffic and demand data, management track record, ownership and legal structure, existing debt obligations, revenue concentration risk, and growth trajectory. The completion of this assessment does not constitute a warranty of business performance or a guarantee of returns.
BizMarket is committed to ensuring that the value represented on-chain by BizShare Certificates reflects real-world economic activity. BizMarket achieves this through monthly revenue verification, independent reconciliation of business bank records, licensed FX conversion channels, and transparent on-chain smart contract distribution. However, BizMarket cannot guarantee perfect real-time alignment between on-chain representations and off-chain economic reality at all times.
Government securities backing BizBond instruments are purchased through licensed primary dealers and authorised stockbrokers registered with the Securities and Exchange Commission (SEC) Nigeria. Custodial receipts are held in segregated accounts separate from BizMarket's operational treasury. BizBond reserve details are published on BizMarket's transparency dashboard. Securities held in custody for BizBond holders cannot be used for any other purpose by BizMarket.
By using the Platform, you agree to:
You must not:
Violation of these obligations may result in suspension or permanent termination of your access to the Platform, forfeiture of pending yield payments, and where applicable, referral to relevant law enforcement authorities.
All content, trademarks, logos, software, smart contract code, interface designs, and documentation on the BizMarket Platform are the intellectual property of BizMarket or its licensors. The BizMarket name, BizSwap, BizShares, BizYield, BizCredit, BizBond, and BizLend are trademarks of BizMarket.
You are granted a limited, non-exclusive, non-transferable licence to access and use the Platform for your personal investment purposes only. You may not reproduce, distribute, modify, create derivative works from, or commercially exploit any BizMarket intellectual property without prior written consent.
The BizMarket Platform is provided on an "as is" and "as available" basis without warranties of any kind, whether express or implied. BizMarket does not warrant that the Platform will be uninterrupted, error-free, secure, or free of viruses or other harmful components. BizMarket expressly disclaims all implied warranties of merchantability, fitness for a particular purpose, and non-infringement.
To the fullest extent permitted by applicable law, BizMarket and its directors, officers, employees, contractors, affiliates, and agents shall not be liable for:
BizMarket is not a licensed financial institution, investment adviser, broker, or asset manager in any jurisdiction. Nothing on the Platform constitutes a recommendation to buy, sell, or hold any financial instrument. Past performance data displayed on the Platform is historical and not indicative of future results. All investment decisions are made at your sole discretion and risk.
BizMarket collects and processes data in connection with your use of the Platform including wallet addresses, transaction data, and any personal information you voluntarily provide. Because BizMarket operates on a public blockchain, transaction data including wallet addresses, certificate mints, and distribution records are publicly visible on the Solana blockchain. You acknowledge and accept this inherent characteristic of public blockchain technology.
BizMarket's Privacy Policy, available at bizmarket.io/privacy, governs the collection, use, storage, and disclosure of any personal data you provide off-chain. By using the Platform, you consent to the data practices described in the Privacy Policy.
BizMarket reserves the right to amend, update, or replace these Terms at any time. When material changes are made, BizMarket will notify users through the Platform interface, by email where an email address has been provided, or by posting an updated version at bizmarket.io/terms with a new effective date.
Your continued use of the Platform after the effective date of any updated Terms constitutes your acceptance of the revised Terms. If you do not agree to the revised Terms, you must stop using the Platform. BizMarket is not obligated to honour prior terms for instruments purchased before an update, except where such instruments have legally binding terms that would be affected by the change, in which case the original terms continue to govern those specific instruments.
These Terms are governed by and construed in accordance with the laws of the Federal Republic of Nigeria, without regard to its conflict of law provisions. For users accessing the Platform from other jurisdictions, local mandatory consumer protection laws may also apply.
In the event of any dispute arising from or in connection with these Terms or your use of the Platform, the parties shall first attempt to resolve the dispute through good faith negotiation. If the dispute is not resolved within 30 days of written notice by either party, the dispute shall be referred to binding arbitration in accordance with the Arbitration and Conciliation Act of Nigeria. The place of arbitration shall be Lagos, Nigeria. The language of arbitration shall be English.
You waive any right to bring or participate in any class action, collective action, or representative proceeding against BizMarket. All disputes must be brought on an individual basis only.
These Terms, together with the Privacy Policy and any instrument-specific disclosure documents, constitute the entire agreement between you and BizMarket with respect to your use of the Platform and supersede all prior agreements, representations, and understandings.
If any provision of these Terms is found to be invalid, illegal, or unenforceable by a court of competent jurisdiction, that provision shall be modified to the minimum extent necessary to make it enforceable, or if modification is not possible, severed from these Terms. The remaining provisions shall continue in full force and effect.
BizMarket's failure to enforce any provision of these Terms on any occasion does not constitute a waiver of its right to enforce that provision on any other occasion.
You may not assign or transfer your rights or obligations under these Terms without BizMarket's prior written consent. BizMarket may assign these Terms or any rights herein to any affiliate, successor, or acquirer without your consent.
BizMarket Protocol
Terms and Conditions · Version 1.0
Effective June 5, 2026
These Terms are subject to change. Always review before transacting.
