I. What is the Futures Credit Bonus?
The Futures Credit Bonus is to help users get familiar with and understand the large amount of futures credit bonus for Coinstore futures transactions. In essence, it is the funds lent to users by Coinstore exchange.
The Futures Credit Bonus is the funds that can be directly traded in the futures real market, and the profits can be withdrawn and transferred normally. If a loss occurs, the user's fund will be lost first, and then the futures credit bonus will be lost. If the loss of the futures credit bonus reaches a certain threshold, the remaining capital will be recovered.
II. Key information of the Futures Credit Bonus:
1. Futures Credit Bonus properties
The Futures Credit Bonus special assets given by the platform are limited to the use of the user in futures transactions, and do not support resale, transfer, and withdrawal.
2. Profit model of Futures Credit Bonus
The futures credit bonus can be traded directly in the futures real market, and the profit part supports withdrawal and transfer. If a loss occurs, the user's fund will be lost first, and then the futures credit bonus will be lost. If the loss of the futures credit bonus reaches a certain threshold, the remaining capital will be recovered.
3. Futures Credit Bonus usage scenarios
Support trading U-standard perpetual futures s
4. Rules for issuing Futures Credit Bonus
Users can obtain it after participating in the platform's designated award-giving activities.
5. Location for viewing futures credit bonus
App:
Entrance to futures trading page: Open Coinstore APP>futures >Click on the "red envelope" icon>View futures credit bonus.
Entrance to asset page: Open Coinstore APP>Asset>futures credit bonus>View futures credit bonus.
Web:
Entrance to futures trading page: Open Coinstore official website>futures >Click on the order panel to switch futures credit bonus.
Entrance to asset page: Open Coinstore official website>Asset>futures credit bonus>View futures credit bonus.
III. Rules for using futures credit bonus
1. If the futures credit bonus exceeds the validity period, it will be automatically invalidated;
2. A single futures transaction only supports the use of 1 futures credit bonus, and a separate "futures futures credit bonus" account is used for trading;
3. Before using the futures credit bonus, the available balance of the futures account must be greater than or equal to the amount of the bonus/the proportion of the bonus.
4. When a user activates a margin futures credit bonus, the user's available balance in the futures account will be transferred to the "futures futures credit bonus" account together with the margin amount to place an order.
5. During the period of using the margin futures credit bonus, before closing the position
- It is not allowed to use the "futures credit bonus account" to open positions of other trading pairs
- It is not allowed to open reverse orders for the same currency pair.
- It is not allowed to use other futures credit bonuss to place orders
4. For the validity period of the futures credit bonus, leverage multiples, margin ratio and futures credit bonus stop loss amount, please refer to the futures credit bonus face value mark.
|
User Rules - Detailed Graphics
|
| How to check futures credit (when not in use) |
Web or App homepage: Pop-up window to remind you of unused futures credits.
Web or App Futures Trading interface：Pop-up window to remind you of unused futures credits.
Web:
App
Web or App Asset Page：Futures Tab- Bonus Tab- Futures Bonus。
Web：
|
| How to use the Futures Credit |
Web or App Futures trading page：
Web: Click the "Select Futures Credit" button -> Select the futures credit -> Insufficient fund (deposit or transfer) -> Confirm to use Futures Credit Bonus.
App：Click the "Futures Credit" button -> Select Futures Credit -> Insufficient fund (deposit or transfer) -> Confirm to use Futures Credit
- Futures transaction-order verification: After the user receives the futures credit, when using a futures credit to place an order, the backend determines: the user's "available margin in the futures account" ≥ the futures credit amount/N.
- For example, user A receives 1 futures credit (margin amount 100 USDT, risk control threshold 5U), and the ratio of the futures credit bonus to the real fund is 10:1. Then, when the first time the futures credit bonus is used to place an order, the minimum real fund requirement = 100/10 = 10 USDT
- If yes, the user's "available margin in the futures account" will be automatically transferred to the futures credit bonus account in proportion.
- Fund transfer: After the user's real fund meets the requirements and is confirmed through the "Confirm the use of margin" pop-up window, the real fund required by the margin + the futures credit will be automatically transferred to the "futures futures credit bonus account". The futures credit is activated successfully!
- For example: futures futures credit Account - Available Margin = 110 USDT
- Financing futures credit = 100 USDT
- User's fun = 10 USDT
- If no, the user will be prompted to transfer and will be redirected to the transfer page.
|
| How to place order with futures credit bonus and the stop loss order created by system |
Web or App Futures Trading Page：
Web：
App：
- The user places an order with a position of 50 contracts and a frozen margin of 50 USDT.
- Example
- When no position is opened, the user's "Futures Credit Account" equity = 110 USDT
- Available margin = 110 USDT
- Real Fund = 100 USDT
- Financing experience = 10 USDT
- Unrealized profit and loss = 0 USDT
- Position margin = 0 USDT
- Order margin = 50 USDT
- When the order is executed, a position is formed, and the system places a position stop loss order based on the position data.
- For example, according to the theoretical loss = 5 USDT, the trigger price (mark price) of this position is calculated in reverse, the market stop loss, and the stop loss ratio is 100%.
- It's not allowed to modify or cancel the stop loss order placed by the system.
- After the Futures Credit account has a position, before closing the position
- It is not allowed to use the "Futures Credit account" to open positions in other trading pairs.
- It is not allowed to open reverse orders for the same trading pair.
- It is not allowed to use other futures bonus to place orders
- Contract Trading-Position Page
- Transfer In:
- Because the "Cross Margin Mode" trading is carried out in the "Futures Credit Bonus" account, there is no "Add Margin" operation after holding a position.
- Users can add margin from the Futures account to the "Futures Credit Bonus" account through the "Transfer" function, that is, to increase the "Available Balance".
- After the transfer is successful, the system will recalculate the stop loss price of the new position based on the current margin.
- Transfer Out: Allows to transfer margin
- Increasing positions:
- Only positions in the same direction as open positions are allowed, i.e. increasing positions.
- After each order for adding positions is executed, the stop loss price of the new position needs to be recalculated based on the current average opening price and the number of positions held.
- Position stop loss price: For positions placed using margin experience funds, the "Liquidation Price" will not be displayed, but the "position stop loss price" will be displayed, which is the stop loss price calculated by the system based on the estimated cost of the experience funds.
- Close position
- After the user manually closes the position:
- User loss: If the order starts to lose money, the user's User's fund will be deducted first, and then the Futures Credit bonus will be deducted
- For example: the user's realized loss is -5 USDT
- Available margin = 105 USDT
- User's fund = 5 USDT
- Futures credit bonus = 100 USDT
- Unrealized profit and loss = 0 USDT
- Margin occupied by holding = 0 USDT
- Margin occupied by order = 0 USDT
- User profit
- For example: The user's realized profit and loss is +15 USDT
- Available margin = 120 USDT
- User's fund = 20 USDT
- Futures credit bonus = 100 USDT
- Unrealized profit and loss = 0 USDT
- Margin occupied by holding = 0 USDT
- Margin occupied by order = 0 USDT
- System triggers stop loss order: When the user's principal is lost and the Futures credit bonus loss reaches the estimated cost, the stop loss order takes effect.
- Market stop order triggered
- Available margin = 0 USDT
- Actual principal = 0 USDT
- Futures credit bonus = 0 USDT
- Note: Because the actual cost of the margin Futures credit bonus has been exhausted, the system will mark the Futures credit bonus as "used".
- Unrealized profit and loss = 0 USDT
- Margin occupied by holding = 0 USDT
- Margin occupied by order = 0 USDT
|
| How to cancel Futures Credit Bonus |
Web or App Futures trading page / Futures Credit：
Web:
App：
After the user opens the futures credit bonus, he can actively cancel it.
- Precondition: There is no futures pending order and no futures position in the futures credit bonus account.
- After manually canceling the futures credit, the futures credit bonus will be recovered and become invalid.
|
VI. Common Q&A:
Q: Will the experience bonus for margin financing expire?
A: When the experience bonus for margin financing is not used, it has an expiration date like the ordinary experience bonus. If the user does not use it before the expiration date, the experience bonus will expire normally. However, after the experience bonus for margin financing is turned on, it will not automatically expire unless the user cancels the margin financing or the system stops the loss and withdraws the margin financing.
DisclaimerWhile cryptocurrencies have significant growth potential, they also come with high market risks and volatility. Users are strongly advised to conduct their own research and invest at their own risk.
Coinstore Global,
20th December, 2024
Find us on:
[Official website]
https://www.coinstore.com/
