To better serve users and improve their trading experience, Poloniex has launched Cross Margin Mode for USDT-margined perpetual contracts. In this mode, all funds in the futures account can be used as margin to increase fund utilization and maximize profits for users. Users now will be able to switch between Cross Margin Mode and Isolated Margin Mode (see below for details) when trading perpetual futures contracts. 

To celebrate the launch of Cross Margin Mode for USDT-margined perpetual contracts, Poloniex is excited to announce a new giveaway for a limited time, where all customers are welcome to trade futures!   

Campaign period: 15 days, October 24, 2022 at 08:00 - November 8, 2022 at 07:59 (UTC)

Campaign rules: During the campaign, users with total futures trading volume ≥200 USDT "under Cross Margin Mode" can win up to 20 USDT trial funds. A total prize pool of 20,000 USDT trial funds will be given out on a first-come-first-serve basis! 

Trade futures now! 

Cross Margin Mode vs. Isolated Margin Mode

• Cross Margin Mode
• In Cross Margin Mode, all assets in traders' futures accounts will be used as margin to maintain their positions, but they will lose all these assets upon forced liquidation due to price fluctuations; 
• Example: User A opens a position in BTC perpetual contracts. When forced liquidation occurs, the user will lose all USDT balance in the futures account. 

• Isolated Margin Mode
• In Isolated Margin Mode, traders' futures account balance is independent of margin. Traders can select leverage levels at their will. The maximum loss to be borne by traders is the initial margin and any funds later added as margin once forced liquidation happens due to price fluctuations; 
• Example: User A opens a position in BTC perpetual contracts with 10x leverage at the price of $10,000. 1,000 USDT is deposited as the initial margin. When forced liquidation occurs, the user will only lose the initial margin of 1,000 USDT (trading fee not included).  

• For more information, please see:  What Are Isolated Margin and Cross Margin?

Rules

1. Campaign period: 15 days, October 24, 2022 at 08:00 - November 8, 2022 at 07:59 (UTC)
2. Campaign rules: Users with total futures trading volume ≥200 USDT "under Cross Margin Mode" can win up to 20 USDT trial funds.
   • A total prize of 20,000 USDT trial funds will be given out on a first-come-first-serve basis! 
   • Rewards are higher for users who have completed Level 2 KYC verification.
   • Each user can only claim their rewards once, and the system will distribute the highest amount they can get. 
3. Futures trading volume = Futures buys + Futures sells; trading volume will be calculated in USDT; 
4. All rewards will be distributed to your futures account within 10 working days after the campaign ends.
   • The futures trial funds will be valid for 90 days and recycled upon expiration. For details, please see Poloniex Futures Trial Fund Rules.
5. We are unable to distribute rewards or airdrops to customer accounts that are frozen, closed, or based in a prohibited country. Prohibited countries/regions are as follows: Ontario (Canada), Crimea, Democratic Republic of Congo, Iran, Iraq, Libya, Mali, North Korea, Palestine, Syrian Arab Republic, Somalia, Sudan,  Zimbabwe, Afghanistan, Côte d'Ivoire, Yemen, Lebanon, Myanmar, Chinese Mainland, Cuba, Burundi, Morocco, United States of America and all U.S. territories, and any country or region subject to an embargo or other similar sanctions imposed by the U.S., the U.K., or the European Union (the "Restricted Territory"). 
6. The rules of the campaign shall be subject to Poloniex's interpretations and decisions, which shall be final.  We reserve the right to disqualify any person who is known or suspected to be cheating or violating any rules and regulations set by Poloniex.

Risk warning: Futures contract is an innovative financial product that involves high risk and requires extensive knowledge. Please take caution when making trading decisions. Thank you for supporting Poloniex!

Poloniex Team

October 24, 2022