Bots Subsidy Voucher: Keep Your Profits and We Will Cover Your Losses! Try out Bots Trading with Losses Subsidized
2023-05-11 21:18
1. What is Bots Subsidy Voucher?
Bots Subsidy Voucher is a type of insurance for use in Bots trading. After applying the Bots Subsidy Voucher, users will receive the corresponding compensation for their losses in Bots trading (if any) after the voucher settlement. The maximum payout amount is the face value of the subsidy voucher that is being used. (This feature is only supported in V3.51.0 and later versions)
*Bots Subsidy Voucher is limited to autonomous Bots trading only.
The advantages of Bots Subsidy Voucher
1. Easy to use
2. Automatic settlement with instant payout
3. Can be used for all types of Bots trading
2. How to use the Bots Subsidy Voucher?
Step 1: Log in to the BingX official website or app. Click on the avatar icon and select "My Vouchers" to view your Bots Subsidy Voucher.
Step 2: Visit the Bots trading page to use the Bots Subsidy Voucher.
Step 3: Select the bot strategy you want to create and click "Create" on the strategy setup page. The subsidy voucher will take effect immediately upon successful strategy creation.
Step 4: When a subsidy voucher is in use and a loss is incurred from the bot strategy, users will receive the corresponding amount, capped at the value of the subsidy voucher after the voucher settlement.
Notes:
Some subsidy vouchers may come with a minimum funds threshold. If the voucher you receive includes such a requirement, please ensure your strategy meets the minimum threshold.
A subsidy voucher can only be used for a single bot strategy. Once the strategy is closed, the voucher will become invalid. It will also automatically settle and become invalid upon expiration. Therefore, please carefully consider which bot strategy you want to apply it to.
3. How is Bots Subsidy Voucher settled?
The Bots Subsidy Voucher is automatically settled by the system and you'll be notified in the Message Center regarding the payout details. All subsidies will be issued to your fund account. You can check it in the Asset Records.
The subsidy voucher will be settled automatically in the following scenarios:
a. Bots Subsidy Voucher expires
If the subsidy voucher expires and there are losses (while the subsidy voucher is in use), the settlement amount will be paid. On the other hand, there will be no subsidy payout if there are no losses.
b. The bot strategy is closed
i) Closed by the user
If a user closes the bot strategy manually and there are losses (while the bot strategy is still running), the settlement amount will be paid. On the other hand, there will be no subsidy payout if there are no losses.
ii) Closed due to triggered TP/SL
If the SL of the bot strategy is triggered, the settlement amount will be paid. On the other hand, there will be no subsidy payout if the TP is triggered.
4. How to get the Bots Subsidy Voucher?
The Bots Subsidy Voucher will be issued through official events, so please keep an eye on our official announcements!
5. FAQs
Can a Bots Subsidy Voucher be used multiple times?
A subsidy voucher can only be used for a single bot strategy. Once the strategy is closed, the voucher will become invalid. It will also automatically settle and become invalid upon expiration.
What is the exact definition of the validity period of the Bots Subsidy Voucher?
The validity period of the subsidy voucher includes the date when you can use it, and the expiration date. If the subsidy voucher isn't used during the validity period, it will expire. The subsidy voucher in use will be automatically settled upon expiration. Users can use the subsidy voucher at any time before it expires. The sooner you use it, the longer your orders will be protected. Therefore, you are encouraged to use the voucher as soon as possible after receiving it to make full use of the subsidy voucher.
Why can't I use the Bots Subsidy Voucher after receiving it?
There may be several reasons why the subsidy voucher cannot be used:
1. The investment amount set by the user to create a bot strategy is lower than the minimum amount required to use the subsidy voucher.
2. The subsidy voucher is restricted to a certain type of Bots trading. For example, the subsidy voucher is applicable to Futures Grid only but the copier has used it on Spot Infinity Grid.
3. The subsidy voucher has not been used within the validity period and has automatically expired.
Can the Bots Subsidy Voucher be used for all types of Bots trading, and can it be used for other types of trading?
If the Bots Subsidy Voucher doesn't specify any restrictions on the types of Bots trading, then it can be used on all bot strategies. If it limits the type of Bots trading to, for example, Futures Grid, then it can only be used for Futures Grid strategies. The subsidy voucher is limited to autonomous Bots trading only.
Contact Us
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BingX exclusive trader support on Telegram: @BingXRyan
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