Please refer to the FAQs on FUTX Futures Bonus Credits if you have any problem.
1. What Is Futures Bonus Credits?
Futures Bonus Credits USDTR (equivalent to USDT in value) are virtual assets specially introduced by FUTX for users to engage in futures trading. They are not real assets.
2. What Are the Purposes of Futures Bonus Credits?
When users trade futures, futures bonus credits can be used as collateral for futures trading or used to cover 50% of their futures trading fees.
3. Can All the Available Futures Bonus Credits Be Used as Futures Margin?
No. There is a 80% discount for futures bonus credits when they are used as futures margin. For example, you have 10 USDTR in your futures account. When you use the 10 USDTR as futures margin, they can only be calculated as 2 USDT.
4. How to Use Futures Bonus Credits to Cover Futures Trading Fees?
If users use USDTR to pay for their trading fees, the system will automatically calculate users’ daily futures trading fees at 1:00 a.m. UTC and deduct the corresponding amount of trading fees in USDTR while sending the equivalent amount of USDT back to their futures accounts.
For example, your current futures account balance is 10 USDTR and you executed several futures trades on that day. At around 1:00 a.m. UTC, the system automatically calculated your futures trading fees for the day at 5 USDT. Since USDTR can be used to cover 50% trading fees, the system automatically deducted 2.5 USDTR from your futures account (then the USDTR assets in your futures account were reduced to 7.5 USDTR), while sending the other 2.5 USDT that had been deducted earlier during trades back to your futures account.
5. Any Time Limits for the Use of Futures Bonus Credits?
Yes. Futures bonus credits are only valid for 60 days after activation. If they are not used within the period, the claimed bonuses will be invalid once they expire.
6. Can Futures Bonus Credits Be Withdrawn or Transferred?
No. Since Futures bonus credits are virtual assets, rather than real assets, so users can not transfer, send or withdraw USDTR.
7. What does Clearance of Futures Bonus Credits Mean？
Before futures bonus credits have been completely used, the withdrawal of any amount of assets from the futures account will lead to the clearance of unused futures bonuses. It’s recommended to withdraw your assets after all your futures bonuses are consumed.