AAX is introducing a USDT bonus for vanilla contracts trading, and users (existing and new) are welcome to receive and use it.

Please note: This USDT bonus can be used to open vanilla contracts (reverse contract which are settled by USDT) only.

Welcome bonus (total value 110USDT):

Existing bonus (total value 70USDT):

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Terms & Conditions of welcome bonus and existing user bonus:

  1. Eligibility: New and existing AAX registered Users with KYC 1 status.

  2. You may use the Trading Bonus only through coupons ("Bonus Coupon") added to your Futures Account. Each Bonus Coupon shall have a value denominated in USDT, specified leverage limit for the position and an expiry date. Bonus Coupons cannot be exchanged or redeemed for equivalent fiat money or digital assets or be transferred to other AAX accounts.

  3. Only a single Bonus Coupon may be utilized at a time to open a position in AAX Vanilla Perpetual Contracts that are settled in USDT only. Each bonus coupon can be used only once. Bonus Coupons cannot be clubbed with User's own digital assets to open a larger position. Any position entered into by a User using the Bonus Coupon may closed manually by the User within 24 hours. If the position is not closed manually within 24 hours, automatic liquidation will be triggered and the position will be closed.

  4. Bonus Coupon can only be used to open and close positions at market price. Bonus Coupons cannot be used to place limit orders at a specified price.

  5. No Trading Fee shall be applicable for positioned opened with Bonus Coupons.

  6. Any profit earned on the trade in excess of the Bonus Coupon value shall be credited into the User's Wallet. AAX shall bear any trading loss (if any) resulting from the Bonus Coupon's opened position.

  7. Certain Bonus Coupons shall be activated only when a User's cumulative spot and futures (perpetual contracts) trading volume reaches a specified volume. The trading volume shall be counted upon receiving the coupon.

  8. AAX reserves the right to vary, extend, terminate and/or cancel this offer or amend the Bonus Coupons and the Terms in relation to the Bonus Coupons at any time at its sole discretion without prior notice. In the event that you have concerns or complaints, you may contact AAX Customer Support.

  9. In the event of any inconsistency or conflict between the English and the Chinese versions of these terms and conditions, the English version shall prevail. In the event of disputes, AAX's decision shall be final and conclusive.

Next, we will introduce you in detail how to receive and use the USDT bonus for vanilla contracts trading.

1. How to receive USDT bonus for vanilla contracts trading?

WEB:

  1. After the new user opens the AAX official website, click "register" in the upper right corner to complete the account opening registration. After the account is successfully opened, the welcome bonus worth 110USDT will be displayed in your wallet-futures account- bonus- available.

Please note: KYC level1 needs to be completed to use the bonus.

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  1. After logging in to the AAX official website, old users can receive a bonus worth 70USDT. The bonus will be displayed in your wallet-futures account-bonus- available.

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APP:

  1. After the new user downloads and installs the AAX APP, click "Register" to complete the account opening registration. After the account is successfully opened, the welcome bonus worth 110USDT will be displayed in the personal center-"My Bonus".

Please note: KYC level1 needs to be completed to use the bonus.

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  1. After logging in to the AAX APP, old users can receive a bonus worth 70USDT. The bonus will be displayed in the personal center-"My Bonus".

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2. How to use USDT bonus for vanilla contracts trading?

Please note:

1)No leverage adjustment supported in positions opened with bonus.

2)No margin adjustment supported in positions opened with bonus.

3) No TP or SL supported in positions opened with bonus.

4)No more position opening supported when holding positions opened with bonus.

5)Bonus cannot be used while holding positions.

6)Bonus cannot be used while holding open orders.

WEB:

1. Click on the “USDT Settled Contract ” in the “Futures” on the homepage of the official website (that is, vanilla contracts).

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2. If you have successfully received the effective bonus, please switch "USDT Account" to "USDT Bonus" in the upper right corner of the transaction page.

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3. Select the bonus amount you want to use in "Use bonus" and confirm.

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4. Adjust the leverage below to a multiple within the specified range of the bonus, and then according to the number of open positions prompted,enter the corresponding number of open positions to open a position at the market price.

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5. After opening a position at the market price, you can view the opening orders that have used the bonus in " Positions".

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6. After closinging a position at the market price, you can view the orders that have used the bonus to complete the trade in the "Trade History".

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APP:

1. Click on the “Futures” page in the APP and select an USDT Margin Futures that you want to trade.

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2. If you have successfully received the effective bonus, please switch "USDT Account" to "USDT Bonus" at the top of the contract.

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3. Select the bonus amount you want to use in "Use bonus" and confirm.

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4. Choose " Long" or " Short" and adjust the leverage below to a multiple within the specified range of bonus. According to the “Bonus” amount and “Order Cost” shown below, enter the number of open positions that make the “Order Cost” less than or equal to the “Bonus” amount to open a position at the market price.

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5. After opening a position at the market price, you can view the opening orders that have used the bonus in " Positions".

6.After closinging a position at the market price, you can view the orders that have used the bonus to complete the trade in the "Realized P&L".


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