Terms & Conditions
These Terms & Conditions govern participation in the BitOasis “Lite VIP Cyprus Raffle” Campaign (the “Campaign”) and set out the eligibility requirements, ticket mechanics, grand prize, draw procedure, and other important information.
1. Campaign
The Campaign will run from 12:00am on Thursday 23rd April 2026 to 11:59pm on Sunday 31st May 2026, UAE time (the “Eligibility Period”).
The Campaign is a single, time-bound raffle with one (1) grand prize winner. Raffle tickets earned during the Eligibility Period have no value outside the Eligibility Period and do not roll over, carry forward, or remain accessible in any form after the Eligibility Period ends.
2. Eligibility
The Campaign is open exclusively to BitOasis clients who meet all of the following criteria (each an “Eligible Participant”):
- Individuals who are residents in the UAE;
- Hold a verified BitOasis account that was already classified in a VIP tier as at 12:00am UAE time on Thursday 23rd April 2026 (the start of the Eligibility Period). VIP tier attained during the Eligibility Period does not qualify;
- Remain fully KYC-compliant throughout the Eligibility Period;
- Execute trades on BitOasis Lite using any supported trading pair during the Eligibility Period with cumulative net trading volume of at least USD 2,000 (the “Qualifying Threshold”);
- Hold a passport valid for at least six (6) months beyond the intended travel date and be eligible for entry to the Republic of Cyprus under applicable visa rules (note: Cyprus is an EU member state; visa requirements vary by nationality).
Employees of BitOasis and its affiliates, and their immediate family members, are not eligible to participate.
3. How to Earn Raffle Tickets
Raffle tickets are earned exclusively through trading activity on the BitOasis Lite interface during the Eligibility Period:
| Activity | Reward |
| Cumulative net Lite trading volume of at least USD 2,000 during the Eligibility Period (the “Qualifying Threshold”) | 1 raffle ticket (one per Eligible Participant) |
Trading volume is calculated as the USD-equivalent notional value of each trade at time of execution, net of any voided or reversed transactions, and is aggregated across all trades executed on BitOasis Lite during the Eligibility Period. Trading volume above the Qualifying Threshold does not earn additional raffle tickets.
Only trades executed on BitOasis Lite count toward ticket accumulation. Trades executed on BitOasis Pro or any other products do not earn tickets under this Campaign.
Each Eligible Participant receives exactly one (1) raffle ticket upon meeting the Qualifying Threshold. No additional tickets are issued for trading volume above USD 2,000. There is no tiered ticket structure, no multipliers, and no mechanism by which trading larger volumes or trading more frequently increases a participant’s chance of winning. A participant who meets the Qualifying Threshold by executing trades totalling USD 2,000 has exactly the same odds of winning as a participant who executes trades totalling any larger amount.
4. The Grand Prize
One (1) Eligible Participant will be drawn as the Grand Prize winner. The Grand Prize is a three-day, two-night luxury trip for two to Limassol, Republic of Cyprus.
| Component | Details |
| Return flights | Return air travel for two (2) persons to Larnaca International Airport (LCA) |
| Hotel accommodation | Two (2) consecutive nights at five-star or comparable four-star luxury resort |
| Booking and delivery | Booking via BitOasis |
Hotel substitution: BitOasis reserves the right to substitute the hotel with another property of equivalent value in Limassol or Paphos should the preferred property be unavailable for the winner’s chosen dates.
Flight substitution: BitOasis reserves the right to book the closest available service with any airline.
5. The Raffle Draw
5.1 Draw Date
A single raffle draw will take place on Monday 8th June 2026. The draw will determine one (1) Grand Prize winner. No further draws will occur under this Campaign.
5.2 Ticket Finalization
Each Eligible Participant’s cumulative net Lite trading volume over the Eligibility Period will be determined as at 11:59pm UAE time on Sunday 31st May 2026, net of any trades invalidated under Section 6 (Anti-Gaming). Eligible Participants who have met the Qualifying Threshold (USD 2,000) will each be allocated exactly one (1) raffle ticket. Final ticket allocations will be locked at 11:59pm UAE time on Sunday 31st May 2026.
5.3 Random Selection Method
The winner will be selected using a Verifiable Random Function (VRF). The VRF output is auditable.
5.4 Draw Procedure — Step by Step
Step 1. At 11:59pm UAE time on 31st May 2026, all eligible Lite trading volume for each Eligible Participant is finalized and all raffle tickets are locked.
Step 2. Each Eligible Participant who has met the Qualifying Threshold is allocated exactly one (1) raffle ticket. Each ticket is assigned a unique sequential identifier and entered into a single global raffle pool. Each Eligible Participant therefore has exactly one (1) entry in the pool, regardless of the amount by which their trading volume exceeded the Qualifying Threshold.
Step 3. On Monday 8th June 2026, BitOasis publishes the total number of tickets in the pool and the total number of Eligible Participants.
Step 4. The VRF is invoked. The output is a single random ticket identifier within the range of the pool.
Step 5. The Eligible Participant holding the ticket identifier selected by the VRF is declared the Grand Prize winner.
5.5 Audit and Transparency
Following the draw, BitOasis will publish the total number of tickets in the pool, the total number of Eligible Participants, and the winning ticket identifier. The winner’s name will not be published without their prior written consent.
All decisions by BitOasis regarding ticket counts, eligibility, and draw outcomes are final and binding, subject to the anti-gaming provisions in Section 6.
5.6 Winner Notification and Acceptance
The winner will be notified by email and telephone to the contact details on file with BitOasis within three (3) business days of the draw. The winner must confirm acceptance of the Grand Prize in writing within seven (7) calendar days of notification. The winner will be required to provide a valid passport (valid for at least six months beyond travel), the full name and passport details of the nominated travel companion, and preferred travel dates.
If the winner does not confirm acceptance within the confirmation window, or is unable to satisfy the eligibility or travel requirements of Section 2 and Section 7, the Grand Prize is forfeited and a single replacement winner will be redrawn from the remaining pool using the same VRF procedure. Only one (1) redraw will take place; if the second winner also declines or is ineligible, the Grand Prize is forfeited entirely and not redistributed.
6. Anti-Gaming and Wash Trading
Because each Eligible Participant receives exactly one (1) raffle ticket regardless of trading volume above the Qualifying Threshold, no trading activity above USD 2,000 can improve a participant’s chance of winning. Notwithstanding that structural protection, the following conduct is strictly prohibited and, if detected, will result in invalidation of affected tickets, disqualification from the Campaign, and may result in account suspension:
- Wash trading, including any round-trip same-pair transactions intended primarily to generate Lite trading volume (including to reach the Qualifying Threshold) rather than to reflect genuine market intent;
- Self-matching or coordinated matching with affiliated accounts;
- Operation of multiple accounts by the same natural person or beneficial owner in order to obtain more than one (1) raffle ticket — linked accounts will be treated as a single Participant with a single raffle ticket;
- Any other conduct that, in the sole opinion of BitOasis, is intended to manipulate trading volume or to obtain a raffle ticket to which the Participant is not properly entitled.
BitOasis reserves the right to request additional documentation to verify legitimate trading activity. Failure to provide such documentation may lead to disqualification. BitOasis’ determination of prohibited conduct is final.
7. Prize Terms
7.1 Travel Window and Redemption
The Grand Prize must be redeemed and the travel itself must be completed within twelve (12) months of the draw date, i.e., by 1st June 2027. Unredeemed prizes expire with no cash equivalent, substitution, or replacement.
7.2 Scheduling and Availability
Specific travel dates are subject to flight availability, hotel availability, and reasonable blackout dates (including Orthodox Easter week, peak summer season, Limassol Carnival, and Cyprus public holidays). The winner must submit preferred travel dates at least forty-five (45) days prior to desired departure; BitOasis will confirm the booking or propose alternate dates within ten (10) business days.
7.3 Non-Cash, Non-Transferable
The Grand Prize is awarded as the specific package described in Section 4 only. No cash equivalent, substitution of components, or partial redemption is offered. The prize is awarded to the winning Participant personally and is non-transferable, except that the prize accommodates one (1) travel companion age 18 or older, whose identity must be confirmed at the time of booking.
7.4 Costs and Items Not Included
The Grand Prize includes only the components listed in Section 4. It does NOT include: (a) travel to or from Dubai International Airport before departure and after return, (b) visas, travel insurance, or health documentation, (c) meals or activities outside the daily buffet breakfast at the hotel, (d) gratuities beyond standard service charges, (e) personal expenses, minibar, spa treatments beyond complimentary facility access, hotel incidentals, (f) any costs for additional guests beyond the two (2) persons specified, or (g) seat upgrades to first class or suite upgrades at the hotel. The winner and companion are responsible for all such costs.
7.5 Companion Requirements
The travel companion must be age 18 or older, hold a passport valid for at least six (6) months beyond the travel date, and be eligible for entry to the Republic of Cyprus under applicable visa rules. Both the winner and companion are responsible for securing any required Cyprus visa at their own cost and in sufficient time before travel. The companion does not need to be a BitOasis client or a UAE resident, but must be separately identified at the time of booking. Substitution of companion after flights have been ticketed will be subject to airline change fees, payable by the winner.
7.6 Force Majeure
BitOasis reserves the right to substitute any prize component with a component of equal or greater value in the event of venue unavailability, airline schedule change, force majeure, pandemic-related travel restriction, or regulatory requirement. BitOasis is not liable for experiential variations arising from events outside its reasonable control, including but not limited to weather, geopolitical events, or airline service disruptions.
7.7 Taxes and Regulatory Reporting
The winner is solely responsible for all taxes, duties, and regulatory reporting obligations associated with prize receipt in their jurisdiction of residence. BitOasis will issue documentation of prize value upon request.
8. Changes, Suspension, or Termination
BitOasis may modify, suspend, or terminate the Campaign, or amend these Terms at any time, including to comply with regulatory requirements or to maintain the integrity of the Campaign. Any material changes will be announced via official BitOasis channels.
9. General
- By participating, Eligible Participants accept these Terms in full.
- All decisions made by BitOasis regarding eligibility, ticket calculation, draw procedure, and prize allocation are final and binding.
- Nothing in these Terms constitutes financial or investment advice. Trading virtual assets involves risk; please trade responsibly and review the BitOasis Risk Disclosure.
- These Terms are governed by the laws of the United Arab Emirates.
Disclaimer
This activity does not constitute and should not be interpreted as (i) investment advice or a recommendation to trade, (ii) an offer or solicitation to buy, sell, or hold virtual assets, or (iii) financial, accounting, legal, or tax advice. Virtual assets are highly volatile, involve significant risk, and may lose value entirely. They are not insured and lack legal protections. Decisions regarding virtual asset investments should not be made based on urgency. Trading or holding virtual assets may result in the loss of your entire investment. Virtual assets are not insured against potential losses and are not covered by any financial protection schemes. Past performance is not indicative of future outcomes. BitOasis assumes no liability for potential financial losses. It is essential to assess whether trading or holding virtual assets aligns with your financial situation, risk tolerance, and investment goals. Please consult a financial, legal, or tax professional for advice specific to your individual circumstances.
Risk Warning: The prices of virtual assets are subject to high market risk and significant price volatility. The value of your investments may fluctuate, and you may lose the total amount invested. Virtual assets are not insured and may not have legal protections in some jurisdictions. It is your responsibility to fully understand the risks involved in trading or holding virtual assets. BitOasis is not liable for any losses arising from your investment decisions. Past performance does not guarantee future results. You should only invest in products that you understand and are aligned with your financial goals, experience, and risk appetite. It is advisable to consult an independent financial advisor before making any investment decisions.
This campaign, including its terms and conditions, should not be considered financial advice. BitOasis operates under the Virtual Assets Regulatory Authority (VARA) license and is committed to complying with applicable regulations. For additional details, please refer to the BitOasis Terms of Service and Risk Disclosure Statement available on our platform.
