1. Purpose and Scope
These rules govern the issuance, use and management of platform coupons and vouchers (collectively, “Vouchers”), including but not limited to futures position trial vouchers, trial funds, futures fee discount coupons, airdrop/entry vouchers, and futures compensation vouchers. They aim to ensure fair trading, protect user and platform rights, and apply to all BitTap users and third-party partners that participate in platform promotions or reward programs.
2. Definitions
Futures position trial voucher: A trial entitlement used as margin to open a futures position; profit and loss are settled according to the voucher terms and do not count as withdrawable assets.
Trial funds: Virtual funds issued by the platform for users to trial futures trading. Trial funds may be used to offset fees, funding costs and qualifying realized losses in accordance with voucher rules and are not withdrawable.
Futures fee discount coupon: A voucher that offsets or discounts futures trading fees; usage rules follow the voucher terms.
Airdrop entry voucher: A consumable, non-transferable voucher granting eligibility to participate in specified airdrops or distributions.
Futures compensation voucher: A rights-based compensation voucher that, when preset trigger conditions are met, provides compensatory coverage for qualifying futures trading losses (not withdrawable funds). Payout standards and triggers are defined by the voucher terms and platform rules.
3. Issuance Principles
Vouchers are issued according to activity rules or task requirements (e.g., staking, referrals, deposits). Quantity, denomination, scope and validity are defined on the activity page and voucher details.
The platform reserves the right to adjust, revoke or reclaim Vouchers and to change activity rules; it may restrict suspicious or non-compliant receipt behaviors within the bounds of applicable law.
4. General Use Rules
These universal rules apply to all Voucher types unless specific vouchers state otherwise:
Non-withdrawable / non-transferable: Vouchers cannot be withdrawn or transferred and are only valid for the trading scenarios or activities specified by the platform.
Risk isolation: Futures position trial vouchers are strictly isolated from a user’s own funds; forced liquidations of trial-fund positions do not directly reduce a user’s withdrawable balance (the platform retains the right to act if trial usage causes anomalies or operational risks).
Prohibition of abuse: Using Vouchers for wash trading, self-matching, arbitrage, mass registration or any behavior deemed abnormal by the platform is strictly prohibited. Verified violations will result in voucher recovery and may incur penalties including account restriction or ban.
Scope limits: Voucher applicability (eligible trading pairs, products, leverage limits and use scenarios) varies by voucher and is defined on the voucher or event page.
Validity & expiry: Vouchers have a defined activation and expiry date; they expire automatically and are not reissued. Users must use vouchers within the time specified.
Orders that use futures trial funds or futures discount coupons for offsetting will not be eligible for rebates during the offset period and within the scope of the corresponding orders. Please refer to the coupon terms and the event page for specific rules.
5. Specific Voucher Rules
5.1 Futures Compensation Vouchers
Purpose: Compensate qualifying futures trading losses as defined by the voucher or event page; compensation is rights-based and not withdrawable.
Settlement: Compensation is calculated using realized losses or voucher-specified criteria and paid as vouchers or ledger credits according to the voucher’s rate/limit; no direct cash payouts.
Isolation: Compensation vouchers are not usable as margin for opening positions; if allowed to offset losses, such offsets affect settlement only and do not increase withdrawable balances.
Limits: The platform may cap single-claim amounts, per-user total compensation during an event, and daily/event trigger frequency; see the voucher/event page for exact limits.
Order & stacking: Whether compensation vouchers may be combined with other vouchers (trial funds, trial vouchers, discount coupons, etc.) and their priority is determined by voucher terms; the system will apply configured priority rules.
5.2 Futures Trial Funds
Purpose: Allow users to trial futures trading; may be used to offset funding costs, trading fees, liquidation fees and qualifying realized losses (trial funds can serve as part of margin but must be used alongside real funds).
Settlement: Trial funds are applied per voucher rules or activity page priorities to offset funding fees, commissions, liquidation fees and qualifying realized losses; principal and unused balances are not withdrawable.
Isolation: The system prioritises real funds for opening positions; trial funds are tracked separately. If removal of trial funds causes the account’s margin ratio to fall below platform thresholds (e.g., 80%), the platform may reclaim trial funds and this may create position risk.
Usage limits & duration: Some trial funds may have deposit caps, per-use limits or hold-time protections; trial funds nearing expiry may be rolled over to avoid user losses where specified. See voucher terms and help documents for details.
Order & stacking: Trial fund types with different deduction ratios cannot be active simultaneously; when multiple vouchers exist, the system follows voucher priority rules (e.g., use own funds first, then vouchers by priority).
5.3 Futures Fee Discount Coupons
Purpose: Offset or discount futures trading fees; applicable scope and discount rates are stated on the voucher/event page.
Settlement: Typically applied at fee settlement or refunded afterwards; stacking rules with other offers are defined by voucher terms.
Isolation: Discount coupons affect fee settlement only and are not margin or position funds.
Limits: Coupons may be issued per-ticket, per-period or with usage caps; see voucher terms.
Order & stacking: Whether coupons can be combined with other vouchers is defined by voucher/event terms; the system automatically applies the optimal usage per rules.
5.4 Airdrop Entry Vouchers
Purpose: Grant eligibility to receive designated airdrops or participate in distribution events; consumed per use and non-transferable.
Settlement: Upon meeting activation conditions, the airdrop is distributed once per voucher as defined on the event page; distribution rules and formats follow the voucher/event description.
Isolation: Entry vouchers are not margin or position funds and do not affect positions.
Limits: Each airdrop typically consumes one voucher; limits on holdings, claim frequency and validity period may apply.
Stacking: Entry vouchers do not stack with trial funds or experience vouchers unless explicitly stated in bundle/voucher terms.
5.5 Futures Trial Vouchers
Purpose: Provide an experience position for specified futures pairs and leverage limits as outlined on the voucher/event page; intended for zero-cost trial of futures features.
Settlement: Trial vouchers settle P&L on closure; they typically do not cover fees or funding unless the voucher states otherwise. Trial voucher principal and related entitlements are not withdrawable.
Isolation: Positions opened with trial vouchers are segregated from user funds; forced liquidations of trial positions do not directly deduct withdrawable balances. The platform may act on abnormal or non-compliant trial usage.
Limits: The platform may restrict per-position duration, maximum position size, cumulative exposure and auto-close timing; unused or expired trial vouchers may be reclaimed or auto-closed. See voucher terms.
Order & stacking: If multiple trial vouchers or other voucher types coexist, the system applies the event rules or preset priority (e.g., use vouchers about to expire first). See voucher terms or Help Center for matching logic.
6. Risk Control & Sanctions
Definition of violations: Includes but is not limited to multi-account voucher extraction, wash trading/self-matching, mass registrations, KYC impersonation, exploiting system loopholes for repeated claims.
Detection: The platform uses device fingerprinting, IP, fund flow analysis, behavioral profiling, trade strategy similarity and other technical means to identify linked accounts or anomalies.
Measures: On verification of violations, the platform may cancel activity eligibility, reclaim issued vouchers, restrict features, freeze or permanently ban accounts, and pursue recovery of illicit gains through legal channels.
Appeals: Users may submit appeals via customer service or channels specified on activity pages and provide supporting evidence; the platform will review within a reasonable timeframe.
7. Distribution & Inquiry
Distribution: Voucher issuance is based on platform backend records; issued vouchers can be viewed under “My Wallet / My Vouchers”, activity records or in-platform messages.
Phased issuance / disputes: For large or verifiable rewards, the platform may disburse in batches or delay issuance and will publish expected timelines on the activity page.
8. Legal Statement & Final Interpretation
These rules supplement voucher management and where inconsistent with applicable laws and regulations, laws shall prevail; the platform will cooperate with regulators and judicial authorities as required.
BitTap reserves final interpretation rights and the right to adjust rules within legal bounds; changes will be published on the activity page or Help Center.
9. References