Futures Bonus is a promotional product launched by AscendEX exclusively for futures traders. Users can earn rewards through various marketing activities and promotions.
Futures Bonus Types
There are two types of Futures Bonus: Futures Bonus Credits (USDTR) and Futures Loss Offset Bonus.
1. Futures Bonus Credits (USDTR)
Futures Bonus Credits (USDTR) is virtual funds introduced by AscendEX to enhance users' experience in futures trading. It can be used as margin for futures trading or to offset futures trading fees or funding fees.
Instructions：
1) Futures Bonus Credits 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0 assets) can be retained, transferred, or withdrawn.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 Bonus Credits can be used to pay for all costs (including trading and funding 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 Bonus Credits (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 Bonus Credits in USDTR), there are no restrictions on trading pairs and leverage as long as the amount of non-USDTR funds is greater than the amount of USDTR.
For more details, please refer to Futures Bonus Credits (USDTR).
2. Futures Loss Offset Bonus
Futures Loss Offset Bonuses are benefits that users can enjoy when trading futures on AscendEX. These bonuses are used to offset account losses by a certain percentage when there is a net loss from closing positions in the Futures account.
Instructions：
1) Futures Loss Offset Bonus will automatically offset account losses only when all positions in your Futures account are closed.
2) There is an offset ratio limit for the Bonuses, which is subject to the ratio specified on each Bonus. The specific offset amount is calculated as follows: Offset amount = Net loss value after closing positions * Offset ratio. The maximum offset amount is the value specified for each Bonus.
3) When there are multiple Futures Loss Offset Bonuses in your account, they will be used sequentially according to bonus distribution time.
For more details, please refer to Futures Loss Offset Bonuses.
How to claim futures bonus?
1. Log into your AscendEX account with your PC or App. Go to Rewards Center > Futures Bonus.
For PC:
For APP:
2. Complete the futures tasks on the page to claim corresponding futures bonus.
3. You can view the detailed information of the bonuses you’ve got, including value, expiration date, and status, by navigating to Futures Bonus> My Rewards.
Terms and conditions
1. Futures Bonuses (Futures Bonus Credits (USDTR) & Futures Loss Offset Bonus) are virtual funds and not real assets. They can only be used for our perpetual futures trading and futures copy trading products. They cannot be transferred, gifted, sold, or withdrawn.
2. Futures bonuses have a validity period. The Bonus Credits in USDTR are valid for 7 days, and the Loss Offset Bonuses are valid for 21 days. Any unused bonuses will become invalid and cannot be used after expiration.
3. If any amount of assets is withdrawn from your futures account before all Futures Bonuses are consumed, the bonuses will be reset to zero. It is recommended to use up all the bonuses before making any withdrawals.
4. Sub-accounts are not eligible to claim the Futures Bonuses.
5. In case of any fraudulent behavior found, such as bulk registration to obtain multiple Futures Bonuses, AscendEX reserves the right to disqualify the account from participating in the event and reclaim the distributed bonuses.
6. AscendEX reserves the right to interpret the Futures Bonus, including but not limited to modifying, changing, or canceling the bonuses without prior notice.
