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What is Contract Reward Credit?

BitTap
Updated

BitTap Contract Reward Credit Explanation

Below is a detailed explanation of BitTap's contract reward credit:

1. What is Contract Reward Credit?

BitTap contract reward credit is a contract trading voucher that users can obtain by completing tasks in the Rewards Center.

  • The contract reward credit is issued in the form of vouchers and deposited into the user's Coupon Center.
  • Once obtained, the reward credit is automatically transferred to your contract account, requiring no manual operation.

2. How to Find and Claim Contract Reward Credit?

How to View Contract Reward Credit:

  1. Click the "Assets" option at the top of the page and select "Coupon Center".
  2. Click Rewards Center and select "My Coupons" to view your reward credits.

How to Confirm Reward Credit Has Been Received:

  • The reward credit is automatically distributed to the user's Coupon Center.
  • When used, it is automatically transferred to the contract account.

3. How to Use Contract Reward Credit?

  • The reward credit can be used for contract trading operations, including regular buy/sell trades or copy trading.
  • It helps offset contract trading costs, such as trading fees or losses.
  • The reward credit can also be used as margin for opening positions.

4. What Are the Usage Restrictions of Contract Reward Credit?

  • Priority Use of Discount Coupons:

    • If both reward credits and discount coupons are available, the system will prioritize discount coupons for paying fees.

  • Funds Transfer Restrictions:

    • If an account holds reward credits, any fund transfer operation before fully using the credits will cause the unused reward credits to become invalid.
    • Fund transfers may lead to reward credit invalidation, resulting in forced liquidation or order failure. If you plan to transfer funds, ensure position adjustments in advance to avoid risks.

  • Loss Deduction Conditions:

    • Reward credits can only be used to offset losses under specific conditions:
      • At the time of closing a position, the account's equity must be lower than the total of initial funds, cumulative deposits, and reward credits.

  • Expiration Period:

    • Each reward credit has an expiration period. If not used within the specified time, it will become invalid.

5. Disclaimer

  • If any abuse of reward credits is detected, the platform reserves the right to take necessary actions, including revoking reward eligibility or reclaiming losses.
  • BitTap reserves the right to interpret and make final decisions regarding the terms of contract reward credits.