BITPOTZ

Terms and Conditions

1. Introduction

Bitpotz is an NFT minting platform that uses NFTs as jackpot entry tickets. Built on on-chain ownership, transparent rules and automated multi-asset rewards.

By accessing or using the Bitpotz platform, you confirm that you have read, understood, and agree to be bound by these Terms and Conditions.

If you do not agree with these Terms, you must not use the platform.

2. Nature of the Platform

Bitpotz is an on-chain jackpot platform where participation occurs through blockchain transactions and smart contracts.

Key characteristics of the platform include:

  • Tickets are minted as NFTs
  • Participation occurs through blockchain transactions
  • Jackpot logic is executed through smart contracts and platform algorithms
  • Results are probabilistic and algorithmically determined

Bitpotz does not guarantee winnings, profits, or financial returns.

3. Eligibility

By using the Bitpotz platform you confirm that:

  • You are legally permitted to use blockchain-based applications in your jurisdiction
  • You are responsible for complying with all applicable laws
  • You are responsible for securing and managing your own crypto wallet
  • You understand the risks associated with blockchain transactions

Bitpotz does not verify user identities and cannot determine legal eligibility in every jurisdiction.

4. Blockchain and Wallet Responsibility

Bitpotz operates in a non-custodial environment.

Users maintain full control of their wallets and private keys.

Bitpotz:

  • does not store private keys
  • does not control user wallets
  • cannot reverse or modify blockchain transactions

All transactions are executed directly between the user and the blockchain.

Users are solely responsible for:

  • wallet security
  • private key protection
  • transaction accuracy
  • network fees

Loss of access to a wallet may result in permanent loss of associated NFTs or funds.

5. Smart Contracts

Bitpotz jackpots operate through verified smart contracts deployed on supported blockchains.

Smart contracts determine:

  • ticket minting
  • participation rules
  • prize distribution
  • contract balances

In the event of any discrepancy between platform interface descriptions and smart contract behavior, smart contract logic shall prevail.

Users interact with smart contracts at their own risk.

6. Jackpot Participation

Participation in Bitpotz jackpots occurs by minting NFT Tickets through smart contract transactions.

Each ticket represents a unique entry into the relevant jackpot system.

Jackpot rounds operate according to algorithmic rules that determine:

  • round duration
  • ticket ranges
  • random winner selection
  • reward distribution

Different jackpots may use different mechanisms.

Detailed participation rules are defined in the relevant feature-specific Terms and the Bitpotz Whitepaper.

7. Probability and Randomness

All jackpot outcomes are probabilistic.

Winning is determined through algorithmic randomness based on platform logic and blockchain data.

Bitpotz does not guarantee that:

  • any participant will win a jackpot
  • any ticket will win within a specific time period
  • purchasing additional tickets will result in a win

It is technically possible for the same ticket to win multiple times or never win.

8. NFTs and Ownership

All Bitpotz tickets are minted as blockchain NFTs.

Ownership of tickets is determined solely by the blockchain record.

Tickets may be:

  • held in user wallets
  • transferred between wallets
  • traded on NFT marketplaces where supported

Bitpotz does not control secondary markets or NFT transfers conducted outside the platform.

9. Ticket Persistence

Certain jackpot mechanics allow previously minted tickets to remain eligible for future outcomes under specific conditions.

This concept is commonly referred to as “Never Wasted NFTs” within the Bitpotz ecosystem.

However, eligibility conditions may vary depending on jackpot mechanics and platform updates.

Owning a ticket does not guarantee future winnings.

10. Funding and Platform Sustainability

Ticket minting may include predefined funding allocations that support:

  • platform infrastructure
  • ecosystem growth
  • jackpot funding mechanisms

Funding percentages may change over time and are announced transparently.

11. Platform Features

Bitpotz may offer additional platform features including, but not limited to:

  • VIP access for eligible $POTZ token holders
  • additional ticket mechanisms
  • jackpot-specific mechanics
  • trading-related utilities

Each feature may have its own Terms and Conditions, which apply in addition to these general terms.

Examples include:

  • VIP Access – Terms and Conditions
  • Buy Tickets - Terms and Conditions

If there is any conflict between feature-specific terms and these general terms, the feature-specific terms will prevail for that feature.

12. No Financial Advice

Bitpotz does not provide investment advice, financial advice, or trading recommendations.

Participation in jackpots and purchase of NFTs should not be considered an investment strategy.

Users should participate responsibly and understand the associated risks.

13. Risks

Using blockchain applications involves inherent risks, including but not limited to:

  • smart contract vulnerabilities
  • blockchain network failures
  • transaction delays or congestion
  • price volatility of cryptocurrencies
  • regulatory changes

By using the platform you acknowledge and accept these risks.

14. Platform Availability

Bitpotz aims to maintain reliable platform access but cannot guarantee uninterrupted availability.

The platform may experience maintenance periods, infrastructure updates, or temporary service interruptions.

Bitpotz is not responsible for losses caused by external blockchain network issues.

15. Modifications

Bitpotz reserves the right to modify:

  • platform mechanics
  • jackpot parameters
  • funding allocations
  • platform features
  • these Terms and Conditions

Changes may occur as the platform evolves.

Material updates will be communicated transparently where possible.

Continued use of the platform constitutes acceptance of the updated Terms.

16. Termination of Access

Bitpotz reserves the right to restrict or suspend platform access in cases including:

  • abuse of the platform
  • exploitation of vulnerabilities
  • actions that threaten platform security

Blockchain assets held in user wallets remain under user control.

17. Limitation of Liability

To the maximum extent permitted by applicable law, Bitpotz and its contributors shall not be liable for:

  • financial losses
  • lost profits
  • blockchain transaction errors
  • smart contract interactions
  • wallet mismanagement
  • third-party platform actions

Users interact with the platform at their own risk.

18. Acceptance

By using the Bitpotz platform, interacting with its smart contracts, or minting tickets, you confirm that you have read, understood, and agreed to these Terms and Conditions.