What It Is
The Flexible Bonus Voucher is a promotional voucher credited to your account, allowing you to engage in contract trading. It provides you with an opportunity to trade with minimal or even no use of your own capital.
How It Works
-
Issuance and Access
- After the voucher is credited, you can check the amount and usage rules in the Benefits Center under Voucher Center.
- Unlocked vouchers can also be found on the contract trading page.
-
Status Management
- Frozen Status: If your account does not meet the eligibility criteria after receiving the voucher, its status will show as "Frozen."
- Unlocking Conditions: To unlock your voucher, you must meet one or more of the following conditions:
- Asset Requirement: Your contract account assets reach a specified amount.
- PNL Requirement: Your contract yield (P&L) reaches a specified percentage. PNL will not be calculated if there is an active voucher during your open position.
- Trading Volume: Your contract trading volume meets a specified trading amount. The trading amount using vouchers does not count toward the valid trading volume.
-
Claiming Your Voucher
- If the voucher status shows "Pending Claim," you can claim it if you meet the unlocking conditions. Ensure you do this within the voucher's validity period.
- How to Claim: Click "Claim" to transfer the voucher to your contract account.
- Limitations: You can only use one voucher at a time. If you have an active voucher, you need to complete its use before claiming another.
-
Using Your Voucher
- Voucher Application: Once transferred to your contract account, the voucher can be used for opening positions and offset losses, funding fees, and trading fees based on preset configurations. When applied, the system will proportionally deduct from both the voucher and your own funds. You can check the deduction details in the "Funds Flow" section on the trading or order pages. The deduction ratio for each of these categories depends on the specific configuration of the voucher at the time of issuance, please read carefully when using it. To make the voucher allocation and deductions easier to understand, here’s a simplified Example with a clear table:
Principal Deduction |
Voucher Deduction(Trading fee) |
Deduction Details |
||
PNL
|
Funding fee |
Trading Fee |
||
0 | YES | Voucher priority. Own funds to cover if the voucher balance is insufficient | Same | Same |
70% | YES |
Own fund: 70% Voucher: 30% |
Own fund: 70% Voucher: 30% |
Own fund: 70% Voucher: 30% |
0 | NO | Voucher: 100% | Voucher: 100% | Own fund: 100% |
40% | NO |
Own fund: 40% Voucher: 60% |
Own fund: 40% Voucher: 60% |
Own fund: 100% |
100% | NO | Own fund: 100% | Own fund: 100% | Own fund: 100% |
- Opening Cost: Whether you need to use your own funds when opening a position depends on the specific voucher conditions:
- No Opening Cost: Some vouchers allow you to fully use the voucher amount.
- Partial Opening Cost: Some vouchers may require you to contribute a percentage of the funds. For example, if a voucher requires 50% of your own funds for a 100 USDT position, you would need to contribute 50 USDT, with the voucher covering the other 50 USDT.
- Usage Limitations:
- Only one voucher can be used at a time.
- Transfer Restrictions:
- Based on the voucher type, certain restrictions may apply when transferring assets between your Spot Account and Futures Account. In this case, if a transfer is made while using a voucher, it could cause the voucher to become invalid immediately. Please read the prompt carefully when transferring.
- Trading Restrictions:
- Applicable only for Contract Trading.
- No Pair Restrictions: Vouchers can be used for ALL contract pairs.
- No Leverage Restrictions: Vouchers can be applied to any leverage setting.
5. Expiration of Your Voucher
-
- The Flexible Bonus Voucher may expire if:
- It reaches its expiration date.
- The voucher amount is fully used.
- Based on the rules for issuing the voucher, if your contract account restricts asset transfers in or out, performing such operations may lead to expiration (be cautious, as this may risk liquidation).
- The Flexible Bonus Voucher may expire if:
FAQ
Q1: How can I check my Flexible Bonus Voucher details?
A1: You can view the voucher amount and usage rules in the Benefits Center under Voucher Center.
Q2: What does it mean if my voucher status is "Frozen"?
A2: This indicates that your account does not meet the eligibility criteria for unlocking the voucher. You need to fulfill the specified asset, PNL, or trading volume requirements.
Q3: How do I claim my voucher?
A3: If the voucher status shows "Pending Claim," click "Claim" to transfer it to your contract account within the validity period.
Q4: Can I use multiple vouchers at once?
A4: No, you can only use one voucher per contract account at a time. Make sure to fully utilize any active vouchers before claiming another.
Q5: What if I don’t meet the unlocking conditions?
A5: If you fail to meet the conditions, the voucher will remain frozen until you satisfy the requirements.
Q6: What restrictions apply to the Flexible Bonus Voucher?
A6: The voucher is only for contract trading, applicable for all currency pairs, with no limitations on leverage.