To ensure a better user experience for OneBullEx contract trading and to support platform promotion, the platform has officially launched contract trial funds, which will be distributed as rewards in future activities. Specific rules are as follows:
I. Trial Fund Distribution Rules
1. The loss deduction ratio and validity period of the trial funds may vary depending on the activity. Please refer to the specific activity page for details. The platform will clearly indicate the deduction ratio and validity period of the trial funds in relevant activities.
2. Users must hold at least the amount of real assets in their contract account to successfully activate and use the trial funds.
3. The loss deduction ratio is only used to calculate the proportion of losses borne by the trial funds in closed positions. It does not affect the opening margin requirements, and the trial funds cannot be used to deduct opening fees, closing fees, or funding rates.
4. The validity period of the trial funds begins from the time of successful distribution. After the validity period expires, any unused trial fund balance will be automatically reclaimed by the system.
II. Trial Fund Usage Rules
1. As Margin for Trading
Trial funds can be used as margin for contract trading.
For example:
When a user receives 100 USDT in trial funds and holds at least 100 USDT of real assets in their contract account, they can use both the trial funds and real assets as margin to open a contract position with a total margin of at least 200 USDT.
- Trial funds can increase a user's available margin balance for contract trading; however, they will not change the leverage limit, risk limit, or maximum position limit for currency pairs under the platform's risk control rules.
- Currently, trial funds can only be used to offset losses incurred when closing positions according to the activity rules and cannot be used to offset transaction fees.
2. Loss Offsetting Mechanism
Trial funds can only be used to offset losses incurred when closing contract positions and cannot be withdrawn.
When a user incurs a loss when closing positions, the system will calculate the amount of loss to be borne by the trial funds according to the loss offset ratio set in the activity; the actual loss amount borne by the trial funds will not exceed the remaining face value of the trial funds, and any excess will be borne by the user's principal.
For example:
1. A user closes a position and incurs a loss of 100 USDT. They hold trial funds with a face value of 50 USDT and a loss reduction ratio of 50%. Then:
- Trial fund liability: 50 USDT
- User's principal liability: 50 USDT
2. A user closes a position and incurs a loss of 100 USDT. They hold trial funds with a face value of 50 USDT and a loss reduction ratio of 40%. Then:
- Trial fund liability: 40 USDT
- User's principal liability: 60 USDT
3. A user closes a position and incurs a loss of 100 USDT. They hold trial funds with a face value of 50 USDT and a loss reduction ratio of 60%. Then:
- Based on the reduction ratio, the trial funds should bear 60 USDT;
- Since the trial funds are only 50 USDT, the actual liability is 50 USDT
- User's principal liability: 50 USDT
3. Fee Rules
Trial funds cannot be used to pay for: opening and closing fees, funding rates, etc. All related fees are borne by the user's real principal.
4. Profit Ownership
Profits generated from trading using trial funds belong 100% to the user and will be automatically converted into withdrawable real assets.
5. Reusability Mechanism
Trial funds can be reused within their validity period.
Users can conduct multiple opening trades until any of the following occurs:
- The trial fund amount is completely consumed;
- The trial fund expires;
- The trial fund recovery mechanism is triggered.
III. Risk Control and Recovery Rules
1. Recovery Upon Expiration
After the trial fund expires, the system will automatically recover the remaining trial fund amount.
2. Recovery Upon Fund Transfer
When a user transfers any funds from their contract account, the system will immediately recover the remaining trial fund amount.
Including but not limited to: transfers to a funds account, transfers to a spot account, and transfers to other accounts.
IV. Other Instructions
1. Trial funds can only be used for contract trading and cannot be withdrawn, transferred, or exchanged for cash.
2. Profits generated by users through trial fund trading belong to the users and can be withdrawn normally according to platform rules.
3. If any violations such as wash trading, wash trading, multi-account arbitrage, or malicious acquisition of trial funds are discovered, OneBullEx has the right to cancel the user's qualification and recover the relevant rewards.
4. OneBullEx reserves the right to the final interpretation of this activity and trial fund rules.
Comments
0 comments
Please sign in to leave a comment.