Terms of Service

1. Agreement to Terms

By accessing or using BitPoolz ("the Platform", "we", "us", or "our"), you agree to be bound by these Terms of Service and all applicable laws and regulations. If you do not agree with any of these terms, you are prohibited from using this Platform.

2. Eligibility

You must meet the following requirements to use BitPoolz:

• Be at least 18 years of age (or the age of majority in your jurisdiction)
• Have the legal capacity to enter into binding contracts
• Not be located in a jurisdiction where participation is prohibited by law
• Comply with all local, state, national, and international laws regarding online contests

⚠️ VOID WHERE PROHIBITED. It is your responsibility to ensure participation is legal in your jurisdiction.

3. How BitPoolz Works

3.1 Pool Structure

BitPoolz operates two distinct sweepstakes systems:

• Tier Pools (Paid Entry): Multiple prize tiers including Quick Shot, Main Event, and Grand Prize — with additional tiers added automatically as demand grows. Each tier has a configurable sats target. Entry requires Bitcoin payment.
• The Tsunami (Free Entry): Site-wide accumulating jackpot funded by 0.5% of each tier pool draw. Free to enter with just an email address.

3.2 Entry Requirements

• Tier Pools: Minimum 1,000 sats (must be multiples of 1,000), maximum 50% of remaining pool capacity
• The Tsunami: One free entry per email address, no purchase required
• Fairness Cap: The 50% maximum entry prevents any single player from monopolizing a pool

3.3 Proportional Odds System

• 1 sat = 1 ticket: Every satoshi contributed equals one entry ticket
• Proportional odds: Higher contributions = higher probability of winning
• No guaranteed wins: All entries are subject to chance
• Live odds display: Your current win probability is shown on pool leaderboards

3.4 Fee Structure & Payouts

Tier pool winners receive 95% of the total pool value.

The remaining 5% is allocated as follows:

• 4.5% Platform Operations: Covers hosting, support, and infrastructure costs
• 0.5% Tsunami Contribution: Feeds the site-wide free-entry jackpot

Processing Fees: Actual payouts may be reduced by approximately 1-2% to cover variable Lightning Network routing fees. The 95% payout figure represents gross payout before these processing costs.

3.5 Pool Rollover & Rescue Draws

If a tier pool doesn't fill within its time window:

• Automatic Rollover: The pool reopens for the same duration (maximum 4 rollovers)
• Tickets Persist: Your original entry remains active through all rollovers
• Rescue Draws: After 4 failed rollovers, pools combine into a weekly Rescue Draw (Fridays 8pm UTC)
• Weighted Tickets: When pools combine, your tickets are weighted to preserve your original promised odds

Example: You entered 10,000 sats into a 100,000-sat pool (10% odds). If it combines with a 1,000,000-sat pool in a Rescue Draw, your weighted tickets ensure you maintain 10% win probability — not diluted to 1%.

3.6 The Tsunami Jackpot

• A cumulative jackpot funded by 0.5% of all tier pool draws
• Free to enter with just an email address - one entry per email
• Does not reset between pools - continuously accumulates until drawn
• Drawn separately from individual pool draws

4. Draw Methodology (Provably Fair)

4.1 Blockchain-Anchored Randomness

Winners are determined using Bitcoin blockchain data to ensure fairness:

• When a pool fills, the current Bitcoin block hash is retrieved
• The block hash (a 256-bit cryptographically secure random number) is converted to a ticket number
• Formula: Winning Ticket = BlockHash % TotalTickets
• The entry that owns that ticket number wins

4.2 Instant Draw Execution

• Draws execute instantly when a pool reaches its target
• Winner is selected within 30 seconds of pool filling
• Lightning payout sent automatically to winner's provided address

4.3 Verification

All draws are provably fair. After each draw, we publish the Bitcoin block height and hash used. Anyone can independently verify the winner was selected correctly using publicly available blockchain data.

5. Payments and Payouts

5.1 Entry Payments

• Paid entries require Bitcoin payment via BTCPay Server
• Lightning Network and on-chain Bitcoin payments accepted
• Payments are non-refundable once an invoice is marked paid
• Tickets are awarded immediately upon payment confirmation

5.2 Winner Payouts

• Winners receive 95% of the pool total to their provided Lightning address
• Payouts are sent automatically within seconds of draw completion
• Winners must provide a valid Lightning address at entry time
• Failed payouts will be retried; winners may be contacted for updated payment info
• Unclaimed prizes older than 90 days may be forfeited

5.3 Tax Responsibility

⚠️ Winners are solely responsible for any applicable taxes on prizes. BitPoolz does not withhold taxes or issue tax forms. Consult a tax professional.

6. Prohibited Conduct

You agree NOT to:

• Create multiple accounts to circumvent entry limits or manipulate odds
• Use bots, scripts, or automated tools to enter pools
• Provide false information (email, Lightning address, etc.)
• Attempt to hack, disrupt, or exploit vulnerabilities in the Platform
• Collude with other users to manipulate pool outcomes
• Use the Platform for money laundering or other illegal activities
• Resell, transfer, or trade pool entries outside The Pipeline marketplace

Violation may result in account suspension, forfeiture of entries/prizes, and legal action.

7. Intellectual Property

7.1 Our IP

BitPoolz, The Tsunami, The Pipeline, and all associated logos, designs, text, graphics, and software are owned by us and protected by copyright, trademark, and patent laws.

7.2 License to Use

We grant you a limited, non-exclusive, non-transferable license to access and use the Platform for personal, non-commercial purposes only. You may not reproduce, distribute, modify, or create derivative works without our express written permission.

8. Disclaimers and Limitations of Liability

8.1 No Guarantees

8.2 Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW, BITPOOLZ SHALL NOT BE LIABLE FOR:

• Lost profits, data, or opportunities
• Indirect, incidental, or consequential damages
• Technical failures, server downtime, or payment processing errors
• Incorrect calculations due to user error or system bugs
• Bitcoin network delays or Lightning Network routing failures

Our total liability to you shall not exceed the amount you paid to enter the relevant pool.

9. Dispute Resolution

9.1 Governing Law

These Terms are governed by the laws of the State of Delaware, United States, without regard to conflict of law principles.

9.2 Arbitration

Any disputes arising from these Terms or use of the Platform shall be resolved through binding arbitration rather than in court, except where prohibited by law.

9.3 Class Action Waiver

You agree to resolve disputes on an individual basis only. You waive the right to participate in class actions or class-wide arbitration.

10. Changes to Terms

We reserve the right to modify these Terms at any time. Changes will be posted on this page with an updated "Last Updated" date. Continued use of the Platform after changes constitutes acceptance of the new Terms.

11. Contact Information

For questions about these Terms, contact us at: