When a user participates in the KKcoin “100% deposit match” promotion, the funds in the account will constitute user’s original principal + bonus monies from KKcoin. During trading, when Account Equity = Bonus money + Used Margin*40%, account will undergo forced liquidation to protect from further losses.
Using USD market as an example:
User deposits 20,000USD into Perpetual Contracts, and receive 10,000USD as bonus monies, bringing total account equity to 30,000USD.When account equity drops to 16,000USD, account positions will be forcefully liquidated. Calculation methodology as follows:
Account Equity = Bonus monies + Used Margin*40% = 10000+15000*40% = 16000USD
When Account Equity ≦ 16,000USD, positions will be forcefully