I. Scope of Application These regulations govern Business Development (BD) agents authorized by BitTap to execute promotional mandates, as well as the users registered under their direct referral.
II. User Eligibility and Participation
Identity Verification: Prospective users must finalize registration via an agent-exclusive referral link and successfully complete the platform’s Know Your Customer (KYC) protocols.
Participation Constraints: Each individual is entitled to a single entry. Any instances of redundant registration or the provision of fraudulent identification are strictly prohibited.
Channel Exclusivity: Users are forbidden from concurrent enrollment in multiple promotional channels. Should dual participation be identified, BitTap reserves the right to annul all associated qualifications and rewards.
III. Operational Rules for Futures Trial Funds and Position Vouchers [Futures Trial Fund]: These funds are non-withdrawable and non-transferable, designated solely for use within the Futures Account.
Usage: Trial funds are applicable for offsetting transaction fees, funding costs, and realized losses. Furthermore, they may serve as initial margin for opening positions.
Loss Offset Limitations: Loss deduction is applicable only when: (Current Equity at closing - Trial Fund Balance - Cumulative Deposits) < Initial Principal.
Forfeiture: Any outbound capital transfer will result in the immediate nullification of the trial fund. Status updates occur only upon expiry or forfeiture.
Risk Warning: Invalidation of funds due to withdrawals may trigger involuntary deleveraging or liquidations. Users are advised to manage risk exposure prior to such actions.
Applicability: Valid across all trading pairs and maximum leverage thresholds.
[Position Voucher]: Strictly for futures trading. The voucher principal remains non-withdrawable, whereas realized profits are eligible for withdrawal.
Validity Period: Positions initiated via vouchers are valid for 24 hours post-activation, after which the position will be liquidated and the voucher reclaimed.
Withdrawal Stipulations: Please consult the "Coupon Center" for granular details.
Disbursement: Rewards will be credited to the "Coupon Center" within seven business days of meeting the eligibility criteria.
IV. Trading and Statistical Methodology
Effective Trading Volume: Only authentic transactions from accounts not flagged by risk management systems will be aggregated.
Net Deposit Requirement: Effective participation requires a positive net value (Total Deposits - Total Withdrawals) during the promotional period.
Settlement: Rewards will be consolidated and distributed upon the conclusion of the event.
V. Risk Management and Regulatory Compliance In the event of suspected volume manipulation or arbitrage, accounts will undergo a 15-day probationary observation period. Rewards will be released only upon the absence of further anomalies.
Single-Account Policy: Each participant is restricted to one account. Detection of multiple accounts via identical devices, IP addresses, or shared identities will be deemed a violation.
Prohibited Conduct: This includes, but is not limited to, fraudulent KYC, wash trading, self-matching, and the use of emulators or unauthorized proxies.
Disciplinary Measures: BitTap reserves the authority to reclaim trial funds, freeze illicit commissions, and seize unlawful profits. Further actions may include trading restrictions or permanent account termination.
Partnership Discretion: BitTap retains the absolute right to terminate collaborations with users or highly correlated account clusters (linked by IP, hardware, or capital flow).
VI. Agent Responsibilities and Auditing Prior to promotion, agents must submit the following for official appraisal:
Unique referral codes or registration links;
Evidence of active community engagement (e.g., screenshots);
Data regarding Monthly Active Users (MAU) or baseline promotional metrics.
All marketing collateral, including copy and posters, must receive prior approval from BitTap. BitTap reserves the right of final interpretation and the prerogative to dynamically adjust rules, schedules, and reward ratios. For inquiries, please contact your designated BD representative or visit www.bittap.com.