▶ Futures Credit Voucher

For details, please see here for the Future Credits Terms of Services.

What is a Futures Credit Voucher?

1. Trading Allowance

Future credit vouchers function as a trading allowance, providing you with additional capital to use exclusively for futures trading. Future credit vouchers and futures credits cannot be transferred to another account. The futures credit vouchers will be automatically applied to your next qualifying futures order(s) after redemption.

Trading credits are non-withdrawable; however, any cumulative profits generated through their use are eligible for withdrawal.

This includes both realized and unrealized profit and loss (PnL).

For example, if you realize a profit of $10 on a closed position and simultaneously hold an unrealized loss of $5 on an open position, your cumulative profit of $5 is available for withdrawal.

2. Loss Coverage Ratio

Each Future credit voucher allocation comes with a specific Loss Coverage Ratio (LCR), which determines what percentage of your trading losses and funding fees can be covered by your Future credit vouchers. Trading fees will be covered 100% regardless of the ratio of the voucher. For example:

• With an LCR of 100%: All trading losses (up to your future credits amount) and funding fees will be deducted from your future credit.
• With an LCR of 50%: Half of your trading losses and funding fees will be covered by future credit vouchers, requiring you to maintain a minimum balance of real funds

3. Flexible Usage
   Each future credit voucher is subject to specific terms, conditions, limitations, and availability periods. Future credit vouchers may be used for:

• As collateral for Futures trading in both cross and isolated margin modes Futures trading
• Covering trading fees and funding fees
• Loss coverage according to the specified LCR

It's important to note that futures credit vouchers cannot be used for spot or margin trading, withdrawals, trading via sub-account or transfers to other accounts.

Trading volume generated using futures credit vouchers will be displayed on the Referral and Affiliate dashboards but will not count toward commission calculations.

Where to view the Futures Credit Vouchers?

You can see your future credit voucher in the Reward Center:

• On the web page, go to the account menu and find Reward center
• On the app, go to the Account page and select Reward Center 

（⁕ Only the users who receive vouchers are able to access Reward Center)

How to redeem a Futures Credit Voucher?

• Select a voucher and click Redeem. You can view more about this voucher by clicking Rules.
  
  
  
• There will be one more confirmation dialogue before the redemption.
  
  
  
• Spot trading will be disabled once you have redeemed your futures credit vouchers. Existing pending spot orders will be canceled during the redemption.
• Users can only redeem one voucher at a time.
• When redeeming a future credit voucher with a loss coverage < 100%, you need to ensure that you have enough USDT in your wallet. You will see the dialogue for this.
  
  
  
  
  • Minimum required USDT = voucher amount/loss coverage ratio - voucher amount
    Example:
    • Voucher amount: 30 USDT
    • Loss coverage ratio: 50%
    • Minimum required USDT: 30 / 50% - 30 = 30 USDT
  • After you redeem a future credit voucher, the future credits will be credited into your wallet. You can check the bonus distribution from Reward Center > Futures Credits.
  • The availability period of the future credit voucher will vary according to the rules of each promotion. Please ensure that you redeem the future credit voucher while it is available in the Reward Center, otherwise, you will not be able to redeem your reward.
  • Upon the expiration date of the future credit voucher, if there are still pending orders or open positions, the futures credit vouchers will stay in the account, until there are no pending orders or open positions.
  • Once claimed, the future credit voucher will be valid and the duration varies according to the rules of each promotion. 

  How to remove the Futures Credit Voucher?

  • You can remove the redeemed futures credit voucher in Reward Center > Future Credits, or directly in the order entry of the trading page.
    
    
  
  

• Before the removal, you need to have no pending orders or open positions.
  
  
  
  
• We will have a final confirmation dialogue
  
  

Can I use other WOOX’s other features when using Future Credit Vouchers?

• Users can still withdraw, transfer, vault, and use earn, social trading. The available balance of withdrawal (USDT), transferring (USDT), vault (USDT), social trading, and earn (USDT) will exclude the minimum required USDT according to the futures credits amount and the loss coverage ratio.

Example: trading with future credit vouchers

User A has 400 USDT in the cross wallet balance and received a 100 USDT future credit voucher with loss coverage ratio of 50%. They redeemed it into 100 USDT trial fund.

Disclaimer

This blog post provides a general overview of Future Credit Vouchers for educational purposes. In the event of any discrepancy between the information presented in this blog and the official Future Credits Terms of Service, the Terms of Service shall prevail. Users should always refer to the complete and current Terms of Service available on the WOO X platform for the definitive rules governing Future Credits. The specific terms, conditions, limitations, and availability periods stated together with each Future Credits Voucher and/or Future Credits will determine their actual usage and applicability.