Introduction to CoinCatch Futures Position Bonus

What is a Futures Position Bonus?

A Futures Position Bonus is a special benefit provided by the CoinCatch platform to investors. It offers a zero-cost opportunity to try futures trading. By receiving a free futures position, investors can experience futures trading without the risk of initial capital, allowing them to familiarize themselves with the mechanics and potential returns of futures trading.

 

Features of the Futures Position Bonus:

Free to Receive: Users can receive a futures position bonus for free by participating in CoinCatch's futures activities, without any payment required.

Increased Trading Opportunities: The futures position bonus provides users with more trading opportunities, allowing them to participate in additional futures trades without increasing their capital investment.

Reduced Trading Costs: Since the futures position bonus is free, users can reduce their trading costs and improve trading efficiency.

Flexibility: The futures position bonus typically offers flexibility, allowing users to choose whether to use or forgo the bonus based on their needs and market conditions.

 

Usage Instructions for the Futures Position Bonus:

After receiving the futures position bonus, here are the important guidelines for its usage:

• Receiving and Confirmation: Make sure to follow the platform's specified process to claim the futures position bonus. Once the status in the voucher center changes to "Use Now," it indicates that the bonus has been successfully received.
• Applicable Futures: Ensure that the futures position bonus is used for the specified futures contract types and markets. Trading is only allowed within the defined scope.
• Trading Limitations: Be aware of and comply with any trading restrictions associated with the position bonus, such as opening direction, maximum leverage, and maximum position size.
• Risk Assessment: Before usage, fully assess your risk tolerance. The position bonus is subject to the risks brought by market fluctuations.
• Expiration Date: Pay attention to the expiration date of the position bonus and use it within the specified time frame to avoid it becoming invalid.
• Market Monitoring: Closely monitor market trends and adjust your strategy for using the position bonus in response to market changes.
• Profits and Losses: Any profits or losses generated from the position bonus will be calculated and handled according to the normal trading rules.
• Rule Changes: Stay updated on any adjustments or changes to the platform’s rules regarding the futures position bonus to ensure compliance.

Instructions for Using Position Bonuses (Margin bonus)

• When opening a position with a Position Bonus (Margin Bonus), users are required to meet a specific margin threshold, which means contributing a designated amount of their own funds.
• The margin portion of the voucher will be consumed first and cannot be used together with Trading Bonuses. If your account contains Trading Bonuses, margin vouchers cannot be utilized.
• If the available U-Margined futures assets for the selected trading pair are less than the required margin, the Position Bonus cannot be applied.
• The value of the position opened using the bonus is calculated as: (Bonus Amount + Margin Amount) × Leverage of the Position Bonus.
• The margin is composed of both the bonus amount and the user's margin contribution, and this composition cannot be altered by the user.
• For trades executed with airdropped Position Bonuses, only the user's own funds are considered for fee rebate calculations; the bonus portion is excluded from rebate eligibility.

Restrictions on Using the Futures Position Bonus:

• If your USDT-margined futures are in a one-way position mode, you cannot use the futures position bonus.
• If your position bonus is tied to a futures contract in cross-margin mode, the bonus cannot be used.
• The position bonus cannot be used if the position associated with the bonus is in a liquidation state.
• Only one position bonus can be used for the same position at any given time.
• The position bonus cannot be combined with other funds, and if there are any open positions or unfilled orders in the same direction, the bonus cannot be used to open a new position in that direction.
• The opening of a position using the futures position bonus is subject to the overall maximum position limit.

 

Consumption and Recovery of the Futures Position Bonus:

The trading fees, losses, and funding costs incurred during futures trading will consume the bonus provided by the futures position bonus. Additionally, if you successfully place an order using the bonus but later cancel it, the bonus funds will be recovered. The following points should also be noted:

• If the position is profitable, the profit will remain in the user's account and will not be recovered.
• When the position bonus expires, the position will be closed at market price, and the remaining bonus funds will be recovered.
• Upon closing a position, the recovered funds will be returned until the bonus balance is zero.
• In the case of liquidation, the bonus will be recovered after the position is closed.
• When using the reverse position feature, the bonus will be recovered upon closing the position.
• If the order placement using the bonus fails, the bonus funds will be recovered.
• If you place an order using the bonus but later close it, the bonus funds will also be invalid.
• When the position using the bonus is liquidated or partially reduced, the bonus funds will be fully or partially recovered.
• Due to price fluctuations, there is a certain probability that the order will not be fully filled after placement, and the unfilled portion will be recovered.
• After using the bonus, there is a chance of order placement failure. In such cases, the platform will provide system notifications.

 

FAQ

1. How can I check the Futures Position Bonus I received?

• After successful receipt, you can immediately go to "Assets" -> "Voucher Center" to check.
• Before receiving, the voucher status will be "Pending", and if the collection period expires, the status will change to "Expired".
• After receiving, the voucher status will change to "Use Now", and if the usage period expires, the status will change to "Invalid".
• No funds are transferred when receiving the bonus, and there are no new financial records.

2. How can I use the Futures Position Bonus I received?

• You can use the position bonus to open positions, set stop-loss and take-profit orders, or close positions. However, be aware that the stop-loss, take-profit, or the expiration time of the voucher may trigger position reduction or closure.
• If you make a profit after using the bonus, the realized profit will be credited to your futures account in cash.
• If you incur a loss after using the bonus, your maximum loss will be limited to the position bonus amount (bonus funds).

3. Can the Futures Position Bonus be used to offset trading fees?

• Yes, the position bonus can be used to offset funding fees, closing losses, and trading fees.

4. What are the possible statuses of the Futures Position Bonus?

• Pending: The status before the user receives the bonus, after eligibility is configured.
• Expired: The bonus is not received before the expiration date.
• Use Now: After receiving, but before opening a position.
• Invalid: The bonus is not used before the expiration date, and no recovery is involved.
• Used: The status after the user opens a position.

 

In practical usage, it is important to stay calm and rational, avoiding unnecessary risks by over-pursuing profits. Continuously learning and improving your futures trading knowledge and skills will help you better utilize the futures position bonus.