What is Bitunix Futures Bonus?
The Bitunix futures bonus is a reward given to Bitunix users through various operational and promotional activities and is allowed to be used in the platform's contract trading products. It is designed to give new users the opportunity to experience and test Bitunix's contract products and trading features in a real trading environment without risk.
Is futures bonus the same as real assets?
- The futures bonus is not the same as real assets. Futures bonuses are the funds sent to the user's futures trading account to experience futures trading These funds can not be transferred to the Spot account for spot trading or withdrawn.
- Although futures bonuses can not be transferred or withdrawn, you can still use them in futures trading. Within the validity period of the futures bonus, you can withdraw any profit generated from trading, and any loss will be deducted from the futures bonus until its balance is used up.
How can I check the futures bonus I have received?
Users can view their earned futures experience bonuses by clicking "Personal Icon" > "My Rewards." If you currently have any experience bonuses, you can see the amount on the trading page.
Rules for the use of futures bonus
- Futures bonus can be used as margin for opening positions.
- Only one futures bonus can be redeemed at a time.
- The futures bonus can be used to offset handling fees when opening or closing positions.
- The futures bonus can be used to offset the losses of closed positions in futures trading.
- During the use of the bonus, the user will no longer be entitled to the commission rebate on the credited portion of the commission.
Limitations on the futures bonus
- If the user does not redeem the futures bonus within the specified period of validity, the futures bonus will expire.
- Only one futures bonus can be redeemed at a time. Redeeming a new futures bonus when there is a bonus in use already will lead to the recall of the bonus in use.
- Before the futures bonus is fully used up, any transfer of funds from the futures account will cause the current futures bonus to expire.
- When a transfer from the futures account is made and the user is holding an open position, the available fund to be transfer = user's own assets - margin of the position. After the transfer, the active futures bonus will be invalidated.
- When a transfer from the futures account is made, if, according to the calculations, the transfer will trigger forced liquidation of the position, the system will prevent the user from transferring assets out of the futures account. But, if the transfer does not trigger forced liquidation of the position, then the user can transfer assets from the futures account. The used futures bonus will still be invalidated, and at this time, if it is a cross margin mode, it may lead to an increased risk of forced liquidation of the position.
- It is prohibited to use futures bonus to open reverse positions for hedging. Violations may trigger the platform's risk control mechanism, and the platform reserves the right to take further actions.
Futures Bonus Disclaimer
- If a user is found to have maliciously used futures bonuses or other behaviors, the Bitunix platform has the right to suspend the account accordingly in order to recover the loss;
- The final interpretation of the futures bonus belongs to Bitunix.
Disclaimer
This article is not intended to provide:
(i) investment advice or recommendations;
(ii) an offer or solicitation to buy, sell, or hold digital assets; or
(iii) financial, accounting, legal, or tax advice.
Digital assets, including stablecoins and NFTs, are highly volatile and involve significant risk. Please carefully consider your financial situation and risk tolerance before trading or holding digital assets.
Consult your independent legal, tax, or investment professional to ensure that your actions comply with applicable local laws and regulations.