Interest-Free Coupon Instructions

Dear User,

Greetings! We’re excited to introduce a new feature - the margin interest-free coupon. This addition will make your trading experience even better by giving you more flexibility and convenience. To help you make better use of this feature, we have prepared detailed instructions for you. Please carefully read the following content.

Using Interest-Free Coupons

Interest-free coupons can directly offset the interest you generate in margin trading, making your trading experience more convenient. Here’s how you can use them:

Interest Deduction: Interest-free coupons can be directly used to offset the interest generated in your margin trading.

Interest Record: Interest will be calculated on a “receive first, refund later” basis. You can check the detailed interest flow in the account details of your margin account.

Validity Period: Each interest-free coupon has a certain validity period. Please use it within the validity period to avoid expiration.

Single Debt Currency: For each type of debt currency, only one interest-free coupon can be used at the same time. Multiple coupons cannot be used together.

Deduction Limit: Interest will be deducted according to the coupon’s amount and the deduction proportion, with a maximum limit not exceeding the coupon’s face value.

Manual Selection: After the value of an interest-free coupon is used up or it expires, you’ll need to manually choose the next coupon.

Switch Usage: If you have multiple interest-free coupons, you can switch to use different coupons as needed during the trading process.

Usage Details: Each interest-free coupon has its own usage details. You can click the coupon to view the relevant information.

Getting Interest-Free Coupons

We provide you with various ways to obtain interest-free coupons, allowing you to enjoy discounts more easily:

Activities: You can obtain interest-free coupons by participating in our activities.

Rewards for Active Users: As an active user of our platform, you may occasionally receive interest-free coupon airdrops.

The interest-free coupons will bring you added flexibility and convenience in your margin trading, allowing you to trade with greater ease and confidence. If you have any questions about using the interest-free coupons or need further assistance, please don’t hesitate to reach out to our customer support team. We’re here to help you with any inquiries you may have.

Interest Calculation:

Let’s illustrate the deduction process using two different types of interest-free coupons for a scenario where a user borrows 1,000 USDT at an annual interest rate of 5%.

Type 1 (Full Deduction): 10 USDT 100% Deduction

This type of coupon can completely offset your interest, that is 100% deduction. For an annual interest rate of 5%, the hourly interest calculation is as follows:

Annual Interest = Loan Amount * Annual Interest Rate = 1,000 USDT * 5% = 50 USDT

Hourly Interest = Annual Interest / 365 / 24 ≈ 0.0217 USDT

Since this coupon can 100% deduct interest, the hourly deductible interest is 0.0217 USDT.

Type 2 (Partial Deduction): 10 USDT 50% Deduction

This type of coupon can deduct 50% of your interest. Hourly interest calculation is as follows:

Hourly Interest = Annual Interest / 365 / 24 ≈ 0.0217 USDT

Interest After Coupon Deduction = Hourly Interest * 50% = 0.0217 USDT * 0.5 = 0.01085 USDT

Using this coupon, hourly deductible interest is 0.01085 USDT.

Please note that the coupon’s deduction amount is fixed and does not vary with the loan amount. In real-world use, you can calculate your hourly deductible interest amount based on your loan amount, interest rate, and coupon deduction ratio. This helps you plan your trading strategy more effectively.

How to Claim and View Interest-Free Coupons

Website — Claim Coupons

Once you have obtained an interest-free coupon, there will be a lucky bag icon in the bottom right corner of the trading page. Click the lucky bag to enter the coupon page.

Click “Use”, the selected coupon takes effect immediately, automatically offsetting interest when it occurs.

Website - View Coupons

How to view used coupons

Click Assets located on the right side of the top navigation to access the asset overview page.

In the navigation on the left side of the assets, click My Bonuses, enter the benefits page.

In the My Bonuses page, click Margin Interest-Free Coupon to access the list of all past interest-free coupons.

Click the blank part of the coupon to view the historical record of interest deductions.

App - Claim Coupons