These Terms and Conditions (“Terms”) govern participation in the BitOasis Affiliate Programme (the “Programme”). The Programme is operated by BitOasis Technologies FZE, a free zone establishment incorporated in Dubai, United Arab Emirates, licensed by the Virtual Assets Regulatory Authority (“VARA”) as a Virtual Asset Service Provider for Broker-Dealer Services under reference number VL/2024/11/001 (“BitOasis”, “we”, “us” or “our”).
Each Affiliate (as defined below), by continuing to access or use or participate in the Programme, agrees to be bound by these Terms, in addition to the Terms of Service, Privacy Policy, and Risk Disclosure Statement available on our platform and deemed to be incorporated herein by reference, each as amended from time to time.
Affiliates
- Participation in the Programme is open to VIP clients of BitOasis who are designated by BitOasis, in its sole discretion, as eligible for such participation (“Affiliate or Participant”). Affiliates further acknowledge that BitOasis may, at any time and without prior notice, withdraw their eligibility or designation under the Programme, and such withdrawal shall immediately terminate their right to participate and any entitlement to Rewards that have not been validly earned in accordance with these Terms.
- The Affiliate Partners hereby waives all rights to dispute any decision of BitOasis in this regard and BitOasis does not undertake any liability, responsibility or guarantee towards any Affiliate Partner.
Eligibility of Referees
3. An Affiliate may introduce prospective users of the BitOasis platform (“Referees”). Referee shall use the referral link and fulfil the requirements of an Affiliate and execute trades as mentioned in the below proposed tiers on the BitOasis platform during the Programme Period.
4. In addition to the obligations elsewhere in the Terms, an Affililate shall be eligible when the following conditions are met in respect of the Referee. A Referee must:
- be a new user who has never previously registered with BitOasis under any name, account, or identity;
- complete registration using the unique referral code or link issued to the Affiliate;
- successfully satisfy all onboarding, KYC and AML requirements prescribed by BitOasis, and must execute one or more transactions meeting the minimum volume thresholds prescribed by BitOasis from time to time.
5. For the avoidance of doubt, Referees who fail to satisfy any element of these requirements shall not generate any entitlement to Rewards for the Affiliate.
6. You understand and agree that BitOasis retains absolute discretion to determine whether any Referee is valid, and its determination shall be final and binding.
Rewards
7. Subject to the full and timely satisfaction of the conditions set out in these Terms, an Affiliate may become eligible to receive a reward (“Reward”).
8. The form, nature, calculation methodology, currency, value and timing of any Reward shall be determined exclusively by BitOasis, acting reasonably and in its absolute discretion, and may be amended at any time.
- You understand that Rewards are conditional and provisional until actually credited by BitOasis into the Affiliate’s account.
- Rewards are strictly non-transferable, non-assignable, non-refundable, non-exchangeable and may not be redeemed for cash or any alternative benefit except where expressly permitted by BitOasis.
- Participation in the Programme does not guarantee the receipt of any Reward. BitOasis may, at its sole discretion, substitute any Reward with an alternative of equivalent or greater value.
- The Affiliate Partner who meets the reward eligibility criteria shall be entitled to receive the reward based on USD volume of trade executed by the Referee, as specified below:
| Revenue Sharing on Pro | |
| Monthly Volume (USD) | Revenue/Fee Share (%) |
| < USD 100K | 5% |
| < USD 250K | 10% |
| < USD 500K | 15% |
| < USD 1 Million | 20% |
| < USD 5 Million | 25% |
| < USD 10 Million | 30% |
| < USD 25 Million | 40% |
| < USD 50 Million | 50% |
| Commission for Lite | |
| Monthly Volume (USD) | Commission (%) |
| < USD 100K | 0.25% |
| < USD 250K | 0.30% |
| < USD 500K | 0.35% |
| < USD 1 Million | 0.40% |
| < USD 5 Million | 0.50% |
| < USD 10 Million | 0.60% |
| < USD 25 Million | 0.75% |
| < USD 50 Million | 1.00% |
OTC Trading: Volume >$100K attracts 10% revenue share on fees
Payout of Rewards
- The Reward will be calculated and credited to the Affiliate Partner’s crypto wallet within 30 (thirty) days from the date of the Referee qualifying the trading volume criteria as mentioned above.
- The manner in which Reward will be distributed shall be as per the internal process followed by BitOasis.
Restrictions and Disqualification
- Each Affiliate is permitted to enrol only once in the Programme.
- Any attempt to create multiple registrations, sign-ups or referrals from the same individual, household, device, IP address or otherwise related accounts shall render the Affiliate ineligible for Rewards.
- BitOasis reserves the right to cancel, withhold, reverse or claw back any Reward that it reasonably determines to have been incorrectly awarded, obtained through error, or connected in any way to fraud, misrepresentation, breach of these Terms, breach of applicable law, wash trading, self-matching, market manipulation, breach of network security, negligence or immoral conduct.
- Affiliates whose conduct is determined by BitOasis to undermine the integrity or intended operation of the Programme may be permanently disqualified and may have their accounts suspended or terminated.
- BitOasis may take further legal or regulatory action in any jurisdiction where such conduct amounts to a breach of law.
Sole Discretion of BitOasis
- The Programme is conducted entirely at the discretion of BitOasis.
- Without limitation, BitOasis shall have sole and final authority to determine:
- which clients are eligible for enrolment;
- whether any Referee meets the eligibility requirements;
- whether any Reward has been validly earned; and
- the manner and timing of any Reward distribution.
3. Affiliates expressly waive all rights to dispute or challenge any decision made by BitOasis in relation to the Programme.
4. BitOasis does not undertake, and expressly disclaims, any liability, obligation or guarantee towards Affiliates in respect of the Programme or any Reward.
Programme Modification and Termination
- BitOasis reserves the absolute right, exercisable at any time and without prior notice or liability, to modify, suspend or terminate the Programme or these Terms, whether in whole or in part.
- In the event of termination, Affiliates shall not be entitled to any Reward unless all conditions for entitlement had been fully and irrevocably satisfied prior to the effective date of termination.
- BitOasis shall have no liability to Affiliates or Referees for any modification, suspension or termination of the Programme, or for any consequences resulting therefrom.
Taxes
- Affiliates are solely responsible for determining and complying with any tax obligations arising in connection with Rewards received under the Programme, including without limitation income tax, withholding tax or any other taxes, duties or charges imposed by relevant authorities.
- BitOasis makes no representation, undertaking or warranty regarding the tax treatment of Rewards and shall bear no responsibility in respect of any tax reporting, liability or compliance of Affiliates or Referees.
No Warranty; No Guarantee of Reward; No Financial Advice
- The Programme is offered strictly on an “as is” and “as available” basis.
- BitOasis provides no assurance or guarantee that participation will result in the receipt of any Reward.
- Rewards remain subject to availability, eligibility and the full satisfaction of all applicable conditions.
- Affiliates acknowledge and agree that participation in the Programme is entirely at their own risk.
- BitOasis disclaims all representations, warranties and undertakings of any kind, express or implied, including without limitation warranties of merchantability, fitness for purpose, accuracy, completeness, availability, non-infringement and uptime.
- Nothing in these Terms or the Programme constitutes financial, investment, legal, tax or accounting advice, nor does it amount to an offer, solicitation or recommendation to buy, sell or hold any virtual assets.
- Affiliates are reminded that trading in virtual assets is inherently risky, volatile, and may result in the total loss of their investment.
- Virtual assets are not insured or guaranteed by any authority and are not protected by any compensation scheme.
- Affiliates should consider carefully whether trading virtual assets is suitable for their personal financial situation and risk appetite, and are strongly encouraged to seek independent advice.
Limitation of Liability
- To the fullest extent permitted by law, BitOasis shall not be liable to any Affiliate or Referee for any loss, damage, liability, cost, claim or expense of any kind (including without limitation direct, indirect, incidental, consequential or punitive losses) arising out of or in connection with the Programme or any Reward, whether caused by negligence, breach of duty, misrepresentation or otherwise, save only to the extent directly caused by BitOasis’ gross negligence or wilful misconduct.
- BitOasis shall not be liable for any delay, failure, disruption or inability to operate the Programme or issue Rewards caused by circumstances beyond its reasonable control, including but not limited to natural disasters, acts of God, governmental restrictions, pandemics, supply chain disruptions, failures of telecommunications or internet service providers, labour disputes, war or terrorism.
Indemnity
- Each Affiliate agrees to indemnify, defend and hold harmless BitOasis, its affiliates, directors, officers, employees, contractors and agents from and against all losses, liabilities, claims, damages, costs and expenses (including reasonable legal fees) arising out of or in connection with: (i) the Affiliate’s participation in the Programme; (ii) any breach of these Terms by the Affiliate or their Referee; or (iii) any fraudulent, negligent or unlawful act or omission by the Affiliate or their Referee. This indemnity shall apply regardless of whether any claim arises during or after the termination of the Programme.
Data Protection and Publicity
- By participating in the Programme, Affiliates and Referees expressly consent to BitOasis collecting, processing, storing, and using their personal data and transaction data for the purposes of administering the Programme, verifying eligibility, monitoring participation, conducting audits, surveys etc., and complying with applicable law and regulatory requirements.
- Such data may be shared with service providers, auditors, professional advisers, governmental authorities or regulators where necessary for such purposes.
- Affiliates may also be requested to participate in publicity or promotional activities relating to the Programme, including reasonable disclosure of their names and participation details, subject always to compliance with applicable data protection laws and BitOasis’ Privacy Policy.
Regulatory Compliance
- BitOasis may withhold, suspend, cancel or claw back any Reward where required to do so under applicable anti-money laundering, counter-terrorist financing, sanctions, tax or other legal or regulatory obligations, or pursuant to a direction or order of a competent authority.
- Affiliates acknowledge and agree that BitOasis may disclose information relating to their participation in the Programme to regulators, auditors, law enforcement authorities or other third parties where reasonably necessary for regulatory compliance or the protection of BitOasis’ legitimate interests.
Regulatory Disclosure
- BitOasis Technologies FZE is licensed by the Virtual Assets Regulatory Authority (“VARA”) in Dubai, United Arab Emirates, to operate as a Virtual Asset Service Provider (VASP) for Broker-Dealer Services under reference number VL/2024/11/001.
- VARA’s licensing of BitOasis does not constitute an endorsement of virtual assets, nor does it guarantee the safety, performance or future value of any virtual asset or of the Programme.
Governing Law and Dispute Resolution
- Except as otherwise stated in these Terms, these Terms shall be governed by and construed in accordance with the laws of the Emirate of Dubai. Any dispute, controversy or claim arising out of or in connection with the Programme or these Terms, including any question regarding its existence, validity, interpretation, performance or termination, shall be referred to and finally resolved by arbitration under the Arbitration Rules of the Dubai International Arbitration Centre (“DIAC”), which Rules are deemed to be incorporated by reference into this clause. The number of arbitrators shall be three. The seat of arbitration shall be Dubai, United Arab Emirates. The language of the arbitration shall be English.
Assignment and Relationship
- Participation in the Programme is personal to the Affiliate and may not be sold, assigned, transferred, pledged, subcontracted or otherwise dealt with in any manner.
- No rights or obligations under these Terms may be assigned without the prior written consent of BitOasis.
- Nothing in these Terms shall be construed as creating any agency, employment, partnership, joint venture or fiduciary relationship between BitOasis and any Affiliate.
Entire Agreement and Survival
26. These Terms, together with the policies incorporated by reference, constitute the entire agreement between BitOasis and each Affiliate with respect to the Programme and supersede all prior or contemporaneous agreements, understandings, representations and communications. To the extent of any inconsistency, these Terms shall prevail.
27. The provisions relating to indemnity, limitation of liability, governing law, dispute resolution, data protection, regulatory compliance, survival and any other provisions intended to survive termination shall continue in full force and effect notwithstanding the termination or expiry of the Programme or an Affiliate’s participation therein.
Language
28. These Terms are drafted in English. In the event of any translation, the English version shall prevail.
