Welcome to the BitTap trading expert team. This Agreement is intended to regulate the rights and obligations between copy trading traders (hereinafter referred to as “Traders”) and the BitTap platform, and to ensure fairness and transparency in the copy trading ecosystem.
1. Trader Eligibility and Onboarding
- Identity application: Users must pass BitTap real-name verification (KYC) and submit their historical trading records (such as return rate, win rate, etc.) on the copy trading page for review.
- Margin and equity requirements: To ensure equivalent trading risk, a Trader’s copy trading account must maintain the minimum required asset equity threshold. If the equity falls below the platform’s prescribed threshold, the system will automatically suspend its display in the copy trading list.
- Single-identity principle: Each real-name account may apply for only one copy trading account, and it is prohibited to operate multiple accounts for mutual hedging or other violating activities.
2. Copy Trading Rules
- Trading instruments: Traders may only conduct copy trading in the contract or spot markets designated by BitTap.
- Real-time synchronization: All Traders’ position openings, position closings, take-profit and stop-loss settings will be synchronized to followers’ accounts in real time.
- Maximum position limit: To protect followers’ interests, BitTap will set a per-order copy trading cap and a total position cap according to the Trader’s level.
3. Profit-Sharing Mechanism
- Profit-sharing ratio: Traders may receive a certain percentage of followers’ “net profit” as revenue sharing, with the specific ratio set by the system according to the Trader’s level or platform token holdings.
- Settlement logic:
◦ The system collects profits from each individual order of the follower for pre-deduction.
◦ The platform will perform final settlement periodically, transferring the net profit share for the settlement period to the Trader’s wallet. - Loss handling: Traders do not directly bear followers’ capital losses, but losses will offset subsequent profits until net profit becomes positive, after which revenue sharing may continue.
4. Trader Conduct Standards
- Strictly prohibited inducement: It is prohibited to use misleading statements such as “guaranteed returns” or “profit without loss” in personal profiles or on social media.
- Strictly prohibited malicious position-holding behavior: It is prohibited to deliberately avoid setting stop-loss orders during extreme market conditions, or to add positions irrationally in order to artificially maintain win-rate data.
- Strictly prohibited external traffic redirection: It is prohibited to display external contact methods in personal profiles or communication channels and divert users off the platform for private transactions.
5. Risk Handling and Penalty Mechanism
- Risk warning: For Traders with excessively high maximum drawdown or frequent small-value wash trading behavior, the platform has the right to issue warnings and restrict recommendations.
- Revocation of eligibility: If any of the following occurs, BitTap will immediately revoke copy trading eligibility and confiscate undistributed revenue sharing:
◦ Manipulating the market or colluding with other accounts to obtain improper gains.
◦ Profiting by exploiting system delays or vulnerabilities.
◦ Serious violations causing followers to face abnormal risks.
6. Disclaimer
BitTap only provides copy-trading tools as a technical service platform and makes no guarantee of any kind regarding a Trader’s trading results. Traders shall independently bear all risks and legal liabilities arising from their trading decisions.