What is a contract voucher?

Contract voucher is a reward type that provides users with a margin for opening a perpetual contract. It is separated from the user's own funds and cannot be used together. It is used for a one-time opening of a perpetual contract position. When closing the position, if the user's balance deducting trading fee is greater than the face value of the contract voucher, the profit part will be transferred to the user's trading account automatically. If the balance is less than the face value, OKX will recover all the remaining costs, and users will not bear any losses.

Benefits of a contract voucher

Users will not need to use their own funds to open a perpetual contract position
Low learning cost
Profits are withdrawable after the closing of a position.

Where can I find it?

Users can only find their vouchers on their mobile application. Make sure your app version is at least 6.1.46.

For App Version 6.1.46

Step 1: Swipe the notification cards to find your contract voucher. It can be found on your OKX Application main interface just below the estimated total value of your wallet.

App Version 6.1.48 and above

Step 1: Click on your profile at the top left hand corner

Step 2: Click on Rewards in the menu. If you are unable to find Rewards in the menu, please click on "All Functions" in order to find Rewards.

First time users will be able to follow a step-by-step guide when they use their contract vouchers

How can I use it?

A voucher can only be used for those contracts and available leverage multiples listed on the event page. The maximum position number you can open for each voucher is one. When you open a position, a market price under cross margin mode will be placed.
You can close the position opened with a voucher on the Positions page. A position can only be closed at market price and the leverage cannot be adjusted after the position opened.
A voucher is limited to be used on several specific pages, and will be automatically used up after you open a position. A voucher used in a partial fill during an extremely volatile market won't be restored.

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Terms and Conditions of Contract Voucher Usage

A voucher that hasn't been used within its expiration date will automatically expire and cannot be used.
The amount of vouchers cannot be transferred to other accounts and profits earned in contract trading will be deposited to the trading account automatically.
If a violation such as bulk registration or malicious monetisation is found, OKX will strictly review relevant actions, disqualify accounts from participating in the event and recover the vouchers that were released to aforesaid accounts.
OKX reserves the right to modify, change or cancel the contract vouchers at any time and for any reason without prior notice.
OKX reserves the right of final interpretation of the contract vouchers.