Introduction to Futures Credit – Help Center

Introduction to Futures Credit

A.What is Coinstore Futures Credit

The Futures Credit is a digital fund loan rewards to Coinstore users to help users to understand the Coinstore Perpetual Futures Trading.

Compared to traditional Futures Trading on Coinstore, combined together with a crypto asset principal provided by user, Futures Credit can be used as a relatively larger margin for opening crossed positions in Futures Credit trading.

While realized profits earned through positions opened with Futures Credit are withdrawable and transferrable, Futures Credit cannot be withdrawn from the wallet directly.

During losses , the user's principal will be calculated into lost first, followed by the Futures Credit. When the loss of the Futures Credit reaches the preset threshold, a stop-loss process will be triggered to close the position to realize the loss. The remaining part of the Futures Credit will be retrieved from the user.

B.Understand Futures Credit

About Futures Credit

Futures Credit is rewarded to Coinstore users through Coinstore Campaigns and Events as a Special Crypto Asset Loan that is limited to be used in the Futures Credit Trading Section. Futures Credit is not transferrable between users, and is not withdrawable nor is it able to be sold as an Spot Crypto Asset.

How can I profit with Futures Credit?

While realized profits earned through positions opened with Futures Credit are withdrawable and transferrable, Futures Credit cannot be withdrawn from the wallet directly.

Trading Section where Futures Credit can be applied

Futures Credit can be applied in USDT Perpetual Trading

Where can I get Futures Credit on Coinstore?

Futures Credits will be distributed in Coinstore Campaigns and Events where users can obtain Futures Credits through participation.

Where can I find my Futures Credit?

App：

Futures Trading Page：Coinstore APP > Futures Trading Page > Red Envelope on the Top

Assets Page：Coinstore APP > Assets Page > Bonus Button

Web：

Futures Trading Page：Coinstore Website > Futures Trading Page > Select Futures Credit from the Order Placing Section

Assets Page：Coinstore Website > Asset Page > Bonus Button

C.How to use Futures Credit

Futures Credit can only be applied to trading during the expiration period ；
Futures position only supports one Futures Credit at a time, all Futures Credit positions will be opened with assets from Futures Credit Wallet.
Once a Futures Credit is selected by user, a certain amount of Futures Credit Principal from Futures Wallet, along with the Futures Credit , will be transferred to the Futures Credit Wallet to become the available margin for Futures Credit Trading.
To achieve a successful Futures Credit Principal transfer from Futures Wallet to Futures Credit Wallet, it is required that the available balance in Futures Wallet must be equal or greater than the principal requirement for using the Futures Credit.
Before fully closing the current Futures Credit Position

Futures Credit Wallet will NOT be able to open any other position for different trading pairs.
Hedge Mode will NOT applies to Futures Credit Trading.
No other Futures Credits can be used for Futures Credit.

For Expiration , Maximum Leverage, Principal to Credit Ratio, and Stop-Loss Triggering value of the Futures Credit, please refer to the detail spec shown on the Futures Credit.

Futures Credit Tutorial
When you have an unused Futures Credit	Homepage: Pop-up (Web or App) Futures Trading Page: Reminder Web: Asset Page：Available Futures Credit can be selected from Bonus Section in Futures Wallet Web： App:
To use a Futures Credit	Futures Trading Section： Web:Select the Futures Bonus Option->Select the Futures Credit-> Insufficient Principal Reminder - >Deposit or Transfer a Futures Credit Principal ->Open a Futures Credit Position App：Select the Futures Credit-> Insufficient Principal Reminder - >Deposit or Transfer a Futures Credit Principal ->Open a Futures Credit Position • Futures Credit Trading -Balance Confirmation : A sufficient available margin is required for Futures Wallet in order to initiate the Futures Credit Order placement process: A confirmation process will be initiated by the server to make sure the Available Margin in the User’s Futures Wallet is equal or greater to the Futures Credit Value / N. ￮ For Example，When user A successfully claimed a Futures Credit with (Value: 100 USDT, Allowable Loss: 5 USDT) a Credit to Principal ratio of 10:1. The required minimum balance / user’s principal for using this Futures Credit is 100/10= 10USDT ▪ If the user has enough available margin in the Futures Wallet, then the required balance will be transferred to the Futures Credit Wallet. • Principal Transferring：Once the user click confirm on the Balance Transferring prompt, the required principal will be transferred from Futures Wallet to Futures Credit Wallet, and the Futures Credit will become ready to use. ￮ The Available Margin the the Futures Credit wallet will be 110 USDT. ▪ Futures Credit=100 USDT ▪ User’s Principal=10 USDT ▪ If the Futures Wallet has insufficient balance to meet the required balance for Futures Credit.A prompt will be shown for the user to transfer balance or make deposits.
Futures Credit Position opening and Auto Stop-Loss Triggering	Web or App Futures Trading Section： Web： App： • For example: When user put a order of a position with 50 count of BTC as shown above, 50 USDT from the available margin will be occupied and frozen for this order. ￮ Example: ▪ The Balance in Futures Credit when Principal has been transferred with position not opened: The Total Balance in the Futures Credit Wallet =110USDT ▪ Available Margin =110 USDT • User’s Principal=100 USDT • Futures Credit=10 USDT ▪ Unrealized PNL=0 USDT ▪ Maintenance Margin=0 USDT ▪ Order Margin=50 USDT • When the order is successfully filled, a position will be created, and a Stop Loss order will be also generated for that position at triggering price. ￮ For example, if the Futures Credit has an allowable loss of 5 USDT. Then the Stop-Loss Triggering Price can be calculated. The Stop- Loss process will close 100% of the co related position. ￮ The Futures Credit Stop-Loss Order is not modifiable by user. ￮ Before fully closing the current Futures Credit Position • Futures Credit Wallet will NOT be able to open any other position for different trading pairs. • Hedge Mode will NOT applies to Futures Credit Trading. • No other Futures Credits can be used for Futures Credit. ▪ • Futures Trading Section -Position Dashboard ￮ Transfer In： ▪ Futures Credit trading are limited to “Crossed” type in the Futures Credit Wallet. Once a position is successfully opened, there won’t be a add margin option. ▪ Though “Transfer” user can transfer balance from Futures Wallet into the Futures Credit wallet as margin to the Futures Credit position. ▪ Once a transfer has been successfully made, based on the current margin, a new stop loss triggering price will be generated. ￮ Transfer Out：User can transfer the available margin out from Futrues Credit wallet into the Futures Wallet. ￮ Adding Position： ▪ Position can only be added through opening position with the same direction of the current Futures Credit Position. ▪ Opening price, Size, and Stop-Loss Triggering Price will be updated every time a order is filled. ￮ Stop Loss Triggering Price：Instead of showing the forced liquidation price, Stop-Loss Triggering Price will be shown when using a Futures Credit. • Position Closing ￮ Manually Closing the Position： ▪ During a Loss：User’s Principal will be used for covering the realized loss first, followed by the Futures Credit. • Example：Realized PNL= -5 USDT ￮ Available Margin=105 USDT ￮ User’s Principal=5 USDT • Futures Credit=100 USDT • Unrealized PNL =0 USDT • Maintenance Margin=0 USDT • Order Margin=0 USDT ▪ During a Profit • Example：Realized PNL= +15 USDT • Available Margin=120USDT ￮ User’s Principal =20 USDT ￮ Futures Credit=100 USDT • Unrealized PNL=0 USDT • Maintenance Margin=0 USDT • Order Margin=0 USDT ￮ Stop Loss Order：When all user’s principal is at loss, Futures Credit will then be used to calculate the Unrealized PNL. When the allowable loss is reached for the Futures Credit, the stop loss process will be triggered to fully closed the position based on the market price. ▪ Stop- Loss Market Order • Available Margin=0 USDT ￮ User’s Principal=0 USDT ￮ Futures Credit=0 USDT • Unrealized PNL=0 USDT • Maintenance Margin=0 USDT • Order Margin=0 USDT • Note: Once the Futures Credit position is closed by the Stop Loss Order, the related Futures Credit will be retrieved and marked as “Expired”
Cancel a Futures Credit	Web: App： To transfer the User’s Principal from Futures Credit Wallet to Futures Wallet. User can manually cancel the use of the Futures Credit: • Pre Requisite ：There are no orders and positions under Futures Credit Wallet/Account. • Once the Futures Credit position is manually canceled by user, the related Futures Credit will be retrieved and marked as “Expired”

D.Frequently Asked Questions

Q：Does Futures Credits have an Expiration Period？

A：Just like Futures Bonus, an unused Futures Credit also has an expiration period where Futures Credit Position can be opened during the available period. The unused Futures Credit will be retrieved once it is expired, and will become invalid to be used. However, once a Futures Credit is connected with a Futures Credit Principle, the Futures Credit will not become invalid unless the position triggered a stop-loss process or the Futures Credit is manually canceled.

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