What is Futures Trading Bonus?
Futures Trading Bonus (USDTR) is virtual funds introduced by AscendEX to enhance users' experience in futures trading. It has a specific value and exchange ratio of 1:1 with USDT. It can be used as margin for futures trading or to offset futures trading fees.
How to claim Futures Trading Bonus?
1. Log in to your AscendEX account on the PC or app and go to the Rewards Center > Futures Bonus to access the event.
For PC:
For APP:
2. Complete the tasks on the page to receive the corresponding amount of Futures Trading Bonus.
3. You can go to My Rewards to view the amount, expiration date, and current status of the received Bonus.
How to use Futures Trading Bonus?
1. Futures Trading Bonus can be used directly as margin for opening positions in futures trading. After closing a profitable position, the realized profits (USDT>0 assets) can be retained, transferred, or withdrawn.
2. Futures Trading Bonus can be used to pay for trading fees in opening and closing futures positions. Bonus Credits will be applied first to these fees with an offset ratio of 50%.
3. If your account holds only Futures Trading Bonus (USDTR), it can only be used for the futures trading pairs and leverage listed on the trading page (Currently applicable symbols: BTCUSDT and ETHUSDT, with a maximum leverage of 5X).
4. If the account holds mixed funds (including assets other than USDTR + Futures Trading Bonus in USDTR), there are no restrictions on trading pairs and leverage.
How to view the usage records of Futures Trading Bonus?
Method 1: Go to Orders > Futures Orders > Transaction History to view.
Method 2: Go to the Futures trading page > Transaction History to view.
How to check the remaining Futures Trading Bonus?
Method 1: Go to Wallet > Futures Wallet > Collateral to view the remaining USDTR.
Method 2 (PC): Go to the Futures trading page > Assets to view.
Terms and Conditions for using Futures Trading Bonus
1. Futures Trading Bonus (USDTR) is virtual funds and does not represent real assets. USDTR per se cannot be transferred, gifted, exchanged, or withdrawn, but the profits earned using the Bonus can be withdrawn.
2. Futures Trading Bonus has a validity period, with the current default validity period set to 7 days. Any unused USDTR remaining after expiration will automatically become invalid and cannot be used.
3. If Futures Trading Bonus are not fully consumed, any assets withdrawn from your Futures account will result in USDTR being reset to zero. It is recommended to fully consume the USDTR before making any withdrawal.
4. Notes on Futures Trading Bonus Offset: When the bonus credits are used for trading fee payment, the system will automatically calculate user's previous day's (UTC 0:00 - 24:00) futures trading fees around 1:00 a.m. UTC, deduct 50% of the fee amount in USDTR, and return an equivalent amount of USDT to users’ Futures account. Futures Trading Bonus can not be used for loss deduction.
5. Futures Trading Bonus cannot be used for Copy Trading products.
6. When using a large amount of trial bonuses, the system will maintain a maximum 1:1 ratio between your available futures trial bonuses and your own funds based on your current position losses. Any trial bonuses exceeding this ratio will be automatically reclaimed by the system. Please manage your positions accordingly.
7. Sub-accounts cannot be used to participate in futures events and receive Futures Trading Bonus.
8. In case of finding violations such as mass registration to obtain multiple Futures Trading Bonus or other cheating behaviors, AscendEX reserves the right to cancel the account's eligibility to participate in events and recover the USDTR already issued to such account.
9. AscendEX reserves the final right of interpretation over the Futures Trading Bonus (USDTR), including but not limited to modifying, changing, or canceling Futures Trading Bonus without prior notice.
