Join us as we roll out AAX Margin Trading in beta mode and get a chance to share a 20,000 USDT prize pool!

Margin trading allows you to trade using borrowed funds to give you higher capital, and therefore, bigger returns.

Campaign period: 10:00 Aug. 08, 2022 (UTC) - 10:00 Aug. 18, 2022 (UTC)

How to join:

On the AAX.com website, hover your mouse over “Trade” on the main menu and select “Margin Trading. You can also directly access it here: Margin trading→.

On your android or iOS app, find “Trade” on the bottom menu and select “Margin Trading”. Please upgrade your app to the latest version to access all benefits.

Campaign A: Share a 10,000 USDT prize pool when you trade

During the beta release, you can complete these tasks below and get up to 100 USDT in rewards.

Rewards details:

How to make a margin trade?

Step 1: Transfer a certain amount of margin to the Margin account.

Step 2: Borrow to trade: Borrow tokens and make a trade.

How to participate in the campaign?

After completing margin trades, users can send the screenshots to AAX Community and upload it to the application form. Users will be ranked according to the upload time on a first come, first served basis.

Campaign B: Share a 10,000 USDT prize pool by providing product feedback

Users can share a 10,000 USDT prize pool when they use AAX Margin Trading and provide feedback of their experience through the feedback form.

You can share any issues encountered during the trading process, such as errors and bugs, product experience problems, development suggestions, and functionality improvements, among others.

How will I get rewarded?

The technical team will confirm the information provided in the feedback form. If the feedback is confirmed to be valid, the participants will get up to 100 USDT rewards for each valid suggestion. The more validated feedback we receive, the more rewards you get.

The rewards are as follows:

FAQ

What is Margin trading?

Margin trading refers to borrowing funds from the platform and using a small amount of principal to create a position higher than the original funds to obtain higher profits. Currently, AAX offers triple margin trading.

What coins does Margin trading support?

AAX supports 3 margin trading coins: USDT, BTC, and ETH.

Does Margin trading have interest?

Margin trading will generate interest. Interest is charged hourly. Please note that if you are borrowing the coins during the beta period, a snapshot is generated at 00:00:00(UTC) daily and interest is charged once every 24 hours. For example, if the user borrows 200 USDT at 00:00:01 on the 1st and pays them off at 23:59:59 on the 1st, no interest will be generated. If the user borrows at 23:59:59 on the first day and pays them off at 00:00:01 on the second day, the interest will still be charged.

Which account's assets does Margin trading use?

Margin trading has an independent account, you need to transfer the assets of other accounts to the margin account before you can do margin trading

How can I increase the borrowing limit?

Increase the limit by transferring more margin.

Do I need to repay manually if the order is not filled?

The system has automatically borrowed coins for you when you place an order, you need to manually repay the coins regardless of whether the order is filled or not.

Campaign rules:

  1. Participants must complete KYC1 before joining the campaign. Otherwise, award qualifications will be cancelled.

  2. In order to help calculate the bet amount, AAX will convert the coin to USDT according to the coin/USDT price at 0:00 (UTC) on the day of the subscription.

  3. Suggestions for product problems need to be confirmed and accepted by the AAX technical team before they are considered valid suggestions.

  4. Any cheating behaviors such as click farming and batch account registrations may render you unqualified for rewards. AAX may also freeze your account according to the situation.

  5. The campaign rewards will be issued to users' AAX accounts within 7 working days after the campaign.

Risk notice: Digital currency deals are risky. Please pay serious attention to your trading and purchase with care. AAX is not responsible for your loss due to any behavior of your trading.

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AAX reserves all rights in this announcement, including but not limited to, the right to adjust, interpret and terminate it at any time without prior notice.

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