What is Futures Bonus Credits?

Futures Bonus Credits (USDTR) is virtual funds introduced by AscendEX to enhance users' experience in futures trading. It has a specific value and exchange ratio of 1:1 with USDT. It can be used as margin for futures trading or to offset futures trading fees. 

How to claim Futures Bonus Credits?

1. Log in to your AscendEX account on the PC or app and go to the Rewards Center > Futures Bonus to access the event.

For PC:

For APP:

2. Complete the tasks on the page to receive the corresponding amount of Futures Bonus Credits.

3. You can go to My Rewards to view the amount, expiration date, and current status of the received Bonus.

How to use Futures Bonus Credits?

1. Futures Bonus Credits can be used directly as margin for opening positions in futures trading. After closing a profitable position, the realized profits (USDT>0 assets) can be retained, transferred, or withdrawn.
2. Futures Bonus Credits can be used to pay for trading fees in opening and closing futures positions. Bonus Credits will be applied first to these fees with an offset ratio of 50%.
3. If your account holds only Futures Bonus Credits (USDTR), it can only be used for the futures trading pairs and leverage listed on the trading page (Currently applicable symbols: BTCUSDT and ETHUSDT, with a maximum leverage of 5X).
4. If the account holds mixed funds (including assets other than USDTR + Futures Bonus Credits in USDTR), there are no restrictions on trading pairs and leverage as long as the amount of non-USDTR funds is greater than the amount of USDTR.

How to view the usage records of Futures Bonus Credits?

Method 1: Go to Orders > Futures Orders > Transaction History to view.
Method 2: Go to the Futures trading page > Transaction History to view.

How to check the remaining Futures Bonus Credits?

Method 1: Go to Wallet > Futures Wallet > Collateral to view the remaining USDTR.
Method 2 (PC): Go to the Futures trading page > Assets to view.

Terms and Conditions for using Futures Bonus Credits

1. Futures Bonus Credits (USDTR) is virtual funds and does not represent real assets. USDTR per se cannot be transferred, gifted, exchanged, or withdrawn, but the profits earned using the Bonus can be withdrawn.
2. Futures Bonus Credits has a validity period, with the current default validity period set to 7 days. Any unused USDTR remaining after expiration will automatically become invalid and cannot be used.
3. If Futures Bonus Credits are not fully consumed, any assets withdrawn from your Futures account will result in USDTR being reset to zero. It is recommended to fully consume the USDTR before making any withdrawal.
4. Notes on Futures Bonus Credits Offset: When the bonus credits are used for trading fee payment, the system will automatically calculate user's previous day's (UTC 0:00 - 24:00) futures trading fees around 1:00 a.m. UTC, deduct 50% of the fee amount in USDTR, and return an equivalent amount of USDT to users’ Futures account. Futures Bonus Credits can not be used for loss deduction.
5. Futures Bonus Credits cannot be used for Copy Trading products. However, when the account's non-USDTR funds exceed the amount of USDTR, the Bonus together with the funds can be used as margin for copy trading, following the same rules as Futures Bonus Credits in the Futures account.
6. Sub-accounts cannot be used to participate in futures events and receive Futures Bonus Credits.
7. In case of finding violations such as mass registration to obtain multiple Futures Bonus Credits or other cheating behaviors, AscendEX reserves the right to cancel the account's eligibility to participate in events and recover the USDTR already issued to such account.
8. AscendEX reserves the final right of interpretation over the Futures Bonus Credits (USDTR), including but not limited to modifying, changing, or canceling Futures Bonus Credits without prior notice.