chore: update tos (#1148)

* chore: update tos

* chore: fix

* chore: format

* chore: fix

Author: KeitoTadashi

dapp/src/legal/tos.mdx

@@ -36,15 +36,22 @@ To prevent accidental loss of ownership, the system includes a 30-day grace peri
 
 **All subscription purchases are final and non-refundable**. Once a subscription has been paid for, it cannot be cancelled, and no refunds will be issued for any reason, including for unused portions of the subscription period.
 
-**Name Registration Auction**
+**Name Registration via Auction**
 
-- When you place a bid in an IOTA Names auction, you initiate a transfer equal to your bid (the “Bid Amount”), together with any applicable charges (the “Total Bid Amount”), from your connected wallet. By submitting a bid, you authorise the immediate deduction of the Total Bid Amount from your wallet at the time the bid is placed.
+- From time to time, IOTA Names may be available via an auction process (“Auctions”), as displayed in the Service. Any active Auctions will be clearly visible in the Service. Where Auctions are not active, names may only be registered via direct purchase of a subscription.
+- If and when Auctions are enabled in the Service, placing a bid in an IOTA Names auction initiates a transfer equal to your bid (the “Bid Amount”), together with any applicable charges (the “Total Bid Amount”), from your connected wallet. By submitting a bid, you authorise the immediate deduction of the Total Bid Amount from your wallet at the time the bid is placed.
 - If another participant submits a higher bid, your Bid Amount will be returned. You are solely responsible for monitoring the progress of the auction and checking whether your bid remains the highest. IOTA Names is not obliged to notify you if you have been outbid or to provide updates on the remaining auction time.
-- Each auction has a minimum base price, equivalent to the direct purchase price. All starting bids must meet or exceed the base price. Subsequent bids must be at least ten (10) IOTA higher than the current highest bid, unless otherwise specified by us.
+- Each auction has a minimum base price, equivalent to the direct purchase price. All starting bids must meet or exceed the base price. Subsequent bids must be at least one (1) IOTA higher than the current highest bid, unless otherwise specified by us.
 - Winning an auction constitutes the purchase of a one-year subscription for the name being auctioned. The subscription term will begin from the date the auction is launched.
 
 If you do not win an auction, the full amount of your bid will be returned to you. However, any gas fees incurred during the bidding process are non-refundable.
 
+**Giveaways**
+
+From time to time, we may run promotional events, including giveaways of IOTA Names (“Giveaways”). Participation in such Giveaways is voluntary. To transfer the respective IOTA Name, we may request participants to provide a wallet address or other limited information necessary to deliver the prize.
+
+By voluntarily participating in a Giveaway and submitting a wallet address or other limited information necessary to deliver the prize, you consent to our use of such data strictly for the purpose of administering and fulfilling the Giveaway. This data will not be used for any other purpose and will not be shared with third parties except where necessary to fulfil the Giveaway or where required by law. For the avoidance of doubt, this data is not collected via the IOTA Names Service itself unless explicitly stated, and does not form part of regular Service usage. Any processing of this data is subject to our Privacy Policy.
+
 **4\. Name Format and Eligibility**
 
 Only names composed of lowercase English letters (a to z), digits (0 to 9), and hyphens are allowed. Hyphens may not appear as the first or last character. No other characters, including capital letters, special symbols, or non-Latin characters, are permitted. All names must comply with these formatting rules at the time of registration. Registrations that violate this policy will be rejected automatically or may be revoked if later found to be non-compliant.
@@ -127,4 +134,4 @@ The arbitration proceedings, all materials and documents submitted, and any awar
 
 If you have any questions about these Terms or need support, please contact <span className="font-medium underline"> [contact@iotanames.com](mailto:contact@iotanames.com) </span>.
 
-Last updated: 12th January 2026
+Last updated: 16th February 2026