1 Million USDT Subsidy Bonus for Margin Losses on May 19!
Dear KuCoin Users,
The thrilling events of May 19 are still vivid in our minds, and trillions of USDT have evaporated in an instant. Are you also losing assets in this extreme market? In order to show appreciation for the long-term support of users to KuCoin Margin and to subsidize users whose assets have been impacted due to the extreme market, KuCoin Margin is now launching a 1 million USDT subsidy activity. If you lose, we will subsidize.
Activity Time: 14:00 on May 21, 2021 - 14:00 on May 31, 2021 (UTC)
🎁Super Bonus 1: Full subsidy for users who encountered negative balances
During the activity, users will get a 5 USDT airdrop for every 1,000 USDT trading volume they achieve in the Margin market.
*Only for users who encountered a negative balance from 00:00 to 16:00 on May 19, 2021 (UTC).
*Before trading, users need to repay the loans in the margin account. The users who meet the trading volume requirement will get all the amount of negative balance returns.
*The cap of the subsidy is the amount of the negative balance in the Margin account.
*How to survive in the extreme market and fight back?
1. In the KuCoin Cross-Margin mode, all spot tokens you hold can be transferred to the Margin account as principal as long as they are supported by the Margin market. This will not only reduce the debt ratio but also borrow funds when the spot is arbitrage.
2. Keep the habit of controlling the debt ratio well. Under extremely fluctuating market conditions, the debt ratio should be maintained at an extremely low level to avoid liquidation. How to control the debt ratio?
🎁Super Bonus 2: Trade to share a 200,000 USDT prize pool
During the activity, all users who trade any token in the Margin market with a trading volume of 1,000 USDT or more will equally share a 200,000 USDT prize pool!
*The rewards for new users who trade in the Margin market for the first time during the activity period and users who encountered liquidation and negative balances on May 19 will be doubled.
🎁Super Bonus 3: Massive daily interest-free coupons
During the activity period, KuCoin will randomly issue massive interest-free coupons to lucky users’ accounts. Please check My Bonus page and claim the coupons.
* Coupons can be used to borrow funds at 0 interest for long or short in Margin Markets, and only through the coupon interface.
*Expiration: 30 days from the date of issuance
*How to claim: Trading interface > Get Bonus
Notice:
Click here to find instructions for KuCoin Margin;
The rewards for the three activities can be shared at the same time;
Trading Volume: buys + sells;
The Sub-Accounts and Master Account will be treated as the same account when participating in the activity;
Rewards will be distributed within 7 calendar days of the campaign ending;
For any malicious acts conducted during the period, including malicious transaction manipulations, illegal bulk registration of accounts, self-dealing, etc., the platform will cancel the qualification of the participants;
Users can only claim the highest prize they qualify for if they take part in several Margin activities at the same time;
KuCoin reserves the right to cancel or amend any activity or activity rules at our sole discretion.
The KuCoin Team
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