1. What's Futures Voucher?
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The Futures Voucher is a trading incentive provided by BloFin to users, offering a margin for opening a perpetual contract position. The funds associated with the Futures Voucher are separate from the user's own trading capital and cannot be used concurrently on the same underlying asset. Each Futures Voucher can only be used for a single opening of a perpetual contract position. The position will be automatically closed after 24 hours.
2. Benefits of Futures Voucher
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Users can open a perpetual contract position without spending their own funds
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Easy to learn and use
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Profits are withdrawable after the closing of a position.
3. How do I use it?
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The maximum position number you can open for each Futures Voucher is one. Futures Voucher can only be used for BTCUSDT, ETHUSDT, and XRPUSDT contracts and is available 5x, 10x and 20x leverages. When you open a position, a market price under the isolated margin with a Buy-Sell mode will be placed.
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On the Positions page, you can close the position opened with a Futures Voucher. A position can only be closed at market price, and the leverage can't be adjusted after the position is opened.
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After you open a position, a Futures Voucher will be automatically used. If the Futures Voucher is used for a partial fill during an extremely volatile market, it won't be restored.
4. Terms and Conditions of Futures Voucher Usage
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Expired Futures Vouchers that have not been used will become invalid and cannot be utilized.
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The Futures Voucher amount cannot be transferred to other accounts, and any profits earned from futures trading will be automatically deposited into the futures account.
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If BloFin detects any violations such as bulk registration or malicious monetization, we reserve the right to thoroughly review the situation, disqualify the offending accounts from participating in the event, and recover any Futures Vouchers that were distributed to those accounts.
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BloFin maintains the ultimate authority to modify, change, or cancel the Futures Voucher program at any time and for any reason, without providing prior notice.
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The final interpretation and application of the Futures Voucher rules and policies rests solely with BloFin.
- Positions which are opened by futures vouchers are not supported to set TP/SL.