BATBET LOTTERY RULES
1. Introduction
1.1 Purpose and Objectives of the Lottery
The lottery is conducted on the platform with the primary aim of providing participants with the opportunity to win prizes and to promote user engagement within the project ecosystem. The lottery is designed to offer additional value to users who are interested in participating in prize draws and enhancing their overall platform experience.
The platform offers various types of lotteries - daily, weekly, and monthly - each utilizing a transparent and fair winner selection mechanism. All lotteries adhere to principles of fairness, and results are recorded on the blockchain, ensuring full transparency and user access to the outcome data.
1.2 Project Overview and Benefits for Users
BatBet is an innovative platform for esports betting, lotteries, and trading of in-game items. Users can engage in a wide range of activities, including participation in lotteries that provide a chance to win valuable rewards.
One of the key benefits of participating in BatBet lotteries is that 90% of the total funds collected are redistributed back into the ecosystem as prizes for participants. This ensures a fair and rewarding experience, allowing users to gain tangible value from their participation while also contributing to long-term project engagement and community sustainability.
2. Participation Terms
2.1 Participant Eligibility Requirements
To participate in the lottery, users must register an account on the platform and, if required, verify their identity in accordance with the platform's Know Your Customer (KYC) policy. Participants must be at least 18 years of age and must not be in violation of the platform's Terms of Use.
2.2 Minimum and Maximum Entry Amounts
Each lottery has specified minimum and maximum participation amounts, which may vary depending on the type of draw. For example:
The minimum entry amount may be set at 1 token or its equivalent in cryptocurrency.
The maximum entry amount may be limited to 100 tokens or equivalent, depending on the specific lottery format.
These limits are subject to change for different types of lotteries or promotional events and will be clearly stated in the rules of each specific lottery.
2.3 Available Methods of Participation (NFTs, Tokens, Cryptocurrencies)
Participants may enter the lottery using one or more of the following methods:
NFTs: Holders of specific NFTs may receive exclusive access to lotteries or additional chances to win.
Tokens: Platform tokens or supported cryptocurrencies (e.g., Solana (SOL)) can be used for lottery entry.
Cryptocurrencies: In certain cases, participants may be allowed to use other approved cryptocurrencies to enter lottery draws.
3. Lottery Formats
3.1 Daily, Weekly, and Monthly Draws
The platform conducts lotteries in the following formats:
Daily Lottery: Held every day and available to all registered users.
Weekly Lottery: Conducted once per week and open to users who have been actively engaging on the platform during the relevant week.
Monthly Lottery: Held once per month and features larger prizes. Participation is limited to users who have taken part in at least one lower-tier draw (daily or weekly) during the month.
3.2 Exclusive Lotteries for NFT Holders
Exclusive lotteries will be organized for holders of specific NFTs. These lotteries differ from standard ones and offer the following additional benefits:
Increased chances of winning.
Access to unique prizes that are not available in public draws.
3.3 Lotteries with Defined Prize Types (Skins, Tokens, Exclusive Items)
Some lotteries may include fixed or themed prizes, such as:
Skins for in-game items.
Platform tokens.
Exclusive items, including NFTs that provide added benefits or enhanced user experience on the platform.
4. Draw Procedure
4.1 Lottery Execution Process
Each lottery draw will be conducted at a predetermined time, as specified in the individual rules of the respective lottery (daily, weekly, or monthly). Upon the close of the participation period, winners will be selected at random using an algorithm designed to eliminate any possibility of manipulation or bias in the results.
4.2 Transparency and Fairness via Blockchain Integration
The outcome of each draw will be recorded on the blockchain to ensure full transparency and public verifiability. All operations related to the lottery draw will be immutably logged on-chain, allowing any participant to independently verify how winners were determined.
4.3 Winner Selection Method (Automated or Manual)
Winners will be selected using an automated system that ensures unbiased and random outcomes. In the event of technical failure or if automated draw execution is not feasible, a manual process may be employed under supervision, with validation from independent observers to uphold fairness and integrity.
5. Prizes and Rewards
5.1 Description of Possible Prizes (NFTs, Tokens, In-Game Items, Discounts and Privileges)
Lottery prizes may include, but are not limited to, the following categories:
NFTs: Unique digital assets that grant their holders exclusive privileges or access to special platform features.
Platform Tokens: Users may win BatBet tokens, which can be used for betting, exchanged for other assets, or used to participate in additional platform events.
In-Game Items: This includes skins, collectibles, and other digital assets usable within integrated games or the BatBet platform itself.
Discounts and Privileges: Winners may receive fee discounts, access to exclusive lotteries, or other platform benefits that enhance their participation experience.
5.2 Prize Claiming Conditions
Prizes will be distributed within a specified period after the lottery draw is completed. The platform will notify winners via email or through their user dashboard.
All prizes may be issued in the form of cryptocurrency, tokens, in-game items, or other digital assets. If the prize is an NFT or token, it will be transferred to the winner's designated wallet on the platform.
Prizes not claimed within the established timeframe will be deemed unclaimed and may be redistributed in future lotteries at the discretion of the platform.
6. Cancellation and Refund Policy
6.1 Conditions for Lottery Cancellation
A lottery draw may be cancelled under the following circumstances:
Technical Issues: If platform malfunctions occur that may impact the integrity or execution of the lottery (e.g., blockchain network failures, software errors).
Force Majeure Events: In cases of unforeseen external events (e.g., natural disasters, war, or other emergencies) that render the draw impossible to conduct.
Insufficient Participation: If the minimum required number of participants is not reached, the lottery may be cancelled.
6.2 Refund Procedure in Case of Lottery Cancellation
In the event of a lottery cancellation, all participating users will receive a full refund of the funds used for entry. Refunds will be issued in the same currency or cryptocurrency used for participation and processed within 5 business days.
Refunds will be handled automatically. In the event of technical delays, the refund period may be extended, and affected users will be notified accordingly.
7. Participant and Platform Liability
7.1 Platform Usage Liability
Participants are required to adhere to all established rules as well as the applicable laws and regulations related to the use of the platform and participation in the lottery.
The platform is not liable for any losses or damages arising from the improper use of the platform, including errors in placing bets or participation in the lottery in violation of the terms and conditions.
7.2 Participation Restrictions (e.g., Fraud or Manipulation)
The platform reserves the right to void bets or participation in the lottery if signs of fraud, manipulation of results, or violation of participation terms are detected.
Users who employ automated programs, manipulate the system, or breach the rules will be disqualified from participation, and their funds may be confiscated.
8. Legal Aspects
8.1 Disclaimer of Liability
The platform is not liable for any technical failures, force majeure events, or losses resulting from fluctuations in the market value of cryptocurrencies used in the lottery.
All actions on the platform are undertaken at the user's own risk. The platform is not responsible for any financial losses, damages, or other negative consequences arising from participation in the lottery.
8.2 Applicable Law
Participation in the lottery and the use of the platform are governed by the laws of the country or jurisdiction in which the project is registered.
Users are responsible for ensuring that their participation in the lottery does not violate the laws of their respective countries.
8.3 Regulation of Lottery Participation in Different Jurisdictions
- The lottery is available only to users whose local laws permit participation in such activities. Users must comply with legal restrictions applicable in their country, and the platform is not responsible for any legal violations committed by participants.
9. Changes to the Rules
9.1 Platform's Right to Modify Lottery Conditions
The platform reserves the right to modify the terms of the lottery at any time, including changes to participation rules, prize types, minimum and maximum entry amounts, and the duration of the lottery.
All changes will be published on the platform, and users will be notified via their personal accounts or email.
9.2 User Notification of Changes
Users will be notified of changes via email or through their personal accounts on the platform. The platform is committed to informing participants of any changes at least 5 business days before they come into effect.
In case of urgent changes (e.g., due to legislative amendments), the changes may take effect immediately.
10. Participant and Platform Liability
10.1 Responsibility for Platform Use
Lottery participants are required to use the platform in accordance with its rules, terms, and applicable laws. The platform is not responsible for any losses or damages that may arise for the user due to a violation of the platform's terms of use.
Participants are responsible for maintaining the security of their account credentials and should not share access to their account with third parties. The platform is not liable for any losses caused by unauthorized use of account credentials.
10.2 Participation Restrictions
Participation in the lottery is prohibited for users who have violated the platform's rules, manipulated results, or used automated tools to gain an unfair advantage.
The platform reserves the right to cancel participation, block an account, and refund the user if violations of participation conditions are detected, including fraud, manipulation of odds or bets.
11. Legal Aspects
11.1 Disclaimer of Liability
The platform is not responsible for any losses arising from the use of its services, including losses related to market changes, cryptocurrency value fluctuations, technical failures, or force majeure events.
The platform cannot guarantee that its services will be completely free from technical malfunctions or software errors. Participants must acknowledge the risks associated with participating in the lottery and use the platform at their own risk.
11.2 Applicable Law
All relations between users and the platform are governed by the laws of the jurisdiction in which the project is registered. Participants are responsible for ensuring that their participation in the lottery complies with the legal requirements of their country.
In case of disputes or discrepancies, the laws specified in the platform's user agreement will apply.
11.3 Regulation of Lottery Participation in Different Jurisdictions
The lottery is available only to users whose local laws permit participation in such draws. The platform is not responsible for any legal violations committed by users in countries where participation in lotteries or gambling is restricted or prohibited.
Users must independently verify the legality of participating in the lottery in their jurisdiction and comply with all applicable laws.
12. Changes to the Rules
12.1 Platform's Right to Modify Lottery Terms
The platform reserves the right to modify the terms of the lottery at any time, including updates to prize types, betting limits, draw durations, and other conditions. All changes will be published on the platform.
The platform may change the terms of the lottery in response to changes in legislation, technical improvements, or other circumstances that could affect the conduct of the lottery.
12.2 How Users Will Be Notified of Changes
All changes will be published on the official platform website, and users will be notified via their personal accounts or by email no later than 5 business days before the changes take effect.
In the case of urgent changes (e.g., for legal reasons), the changes may take effect immediately, and users will be notified via email or within their accounts.
13. Conclusion
13.1 Final Provisions and Recommendations for Participants
Participation in the lottery implies full acceptance of these rules and terms. Users are required to familiarize themselves with the terms before participating to avoid any misunderstandings.
In case of any issues not addressed in this agreement, they should be resolved in accordance with the platform's general terms of use.
The platform reserves the right to modify the terms, lottery rules, and other documents governing the use of the platform at any time. All changes will be published and communicated to users.