How to Use CoinCatch Trial Fund?

● What is trial fund?

 

Trial fund is an asset issued into a futures account and can be used to deduct futures trading fees, funding rates and losses.

Trial fund is an asset that can not be transferred or withdrawn, but the profits obtained after trading futures with the trial fund can be transferred or withdrawn. Please check the details below to learn how to use the trial funds properly.

 

● How do I know if I have received a trial fund?

CoinCatch will notify you within your account through a "notification" once your trial funds are received.

 

● Where can I check my paid trial fund?

1. You don't need to claim the trial funds given by the CoinCatch team as rewards for events and other activities because they will be issued directly to your futures account.

You can check your distributed trial funds by going to Financial Record -> Coupon Record.

2. To ensure receipt in your account, rewards generated in the Reward Center/Referral Program must be claimed directly by the user within 7 days from the day they are generated.

To claim them, go to More > Rewards Center > Rewards History.

● Is there an expiry date for trial funds?

1. Rewards from the Rewards Center or Referral Program must be claimed by the user within 7 days from the generated date. If not claimed within 7 days, the trial funds will be automatically forfeited. Trial funds that have been claimed will be sent to your futures account. After receiving the trial funds, it will expire after 30 days. Trial funds that are not used within 30 days will be automatically forfeited.
2. The current default validity period for trial funds rewarded through the Rewards Center and Referral Program is 30 days. For trial funds obtained from other events and activities, please refer to the specific event rules or guidelines for the respective validity period.

 

● How can I use trial funds?

1. Trial funds can be used to deduct futures trading fees, funding rates, and losses. They can also be used as initial margin when opening a position.
2. If you have both trial fund and coupons in the same account, the coupons will be consumed first to deduct trading fees.
3. To deduct losses with trial funds, your equity at the time of closing your position < (initial total equity + accumulated deposit + trial fund balance). The initial total equity and accumulated deposit will be calculated immediately after the trial fund is claimed. If you claim another trial fund after the previous one is used up, then the calculation will restart when the new trial fund is claimed.
4. Any withdrawal or transfer-out of the account holding the trial fund before it is fully utilized will result in the remaining amount of the fund becoming invalid.
5. If the trial fund is invalidated due to such withdrawal and/or transfer, your position will be deleveraged (liquidated), or you will not be able to maintain an open position. Make sure you have proper risk management in place before proceeding.
6. The trial fund will expire if not claimed within the specified validity period mentioned on the voucher.

 

● What is the difference between trial funds and coupons?

Coupons can only be used as a substitute for futures trading fees and cannot be used to deduct funding rates or losses. Trial funds, on the other hand, can be used to deduct futures trading fees, funding rates, losses as well as an initial margin when opening a position.

 

Trial Fund Terms and Conditions

1. Coincatch reserves the right to take measures such as account freezing for maliciously acquiring trial funds.
2. Coincatch reserves the right to final interpretation of the trial funds.

 

If you have any other inquiries about the use of trial funds other than those listed above,

Please contact customer service: [e-mail].