I. Profit Sharing Settlement Method and Account System for Coping Trades:
1. When the trade leader closes a position and the follower earns a profit that meets the sharing requirements, the system will first deduct the share from the follower's account. The settlement occurs at midnight the following day, calculating the follower's actual total daily profit from copied trades. The follower's actual profit share equals the actual total profit multiplied by the profit share ratio of the trade leader.
2. If the actual profit share owed is less than the amount already deducted from the follower's account, the excess will be refunded to the follower's account, and the remaining balance will be settled with the trade leader.
3. The profit sharing settlement occurs daily at 08:00 (UTC+8).
4. The account for coping trades is shared with the futures account, allowing users to directly manage funds under the futures account.
II. Profit Sharing Requirements：
1. Profit sharing will occur the next day if the follower no longer has any position-related associations with the trade leader (i.e., all the follower's copied orders for that day have been closed).
2. If the follower has not closed all the copied orders, no profit sharing will occur until all position-related associations have been removed (i.e., all the follower's copied orders for that day have been closed). The next day, the profit sharing will be summed up.
3. The profit sharing ratio for the follower's earnings depends on the trade leader's level. For example, if the trade leader is at level L1 (with a 12% profit sharing ratio), then the follower's profits from following this leader will be shared at 12%. If the trade leader is promoted to level L2 (with a 14% profit sharing ratio), the copied trades before the promotion will be shared at 12%, while the new copied trades opened after the promotion will be shared at 14%.
III. Profit Sharing Examples:
"Estimated Pending Profit Sharing" includes: the 12% of profit sharing portion from historical closed and profitable orders, as well as the 12% of profit sharing portion from today's closed and profitable orders.
If the closed order's revenue is positive, the estimated pending profit sharing will increase; if the closed order's revenue is negative, the estimated pending profit sharing will decrease.
Example:
Users A/B/C/D follow trade leader M to open positions, with individual contracts including BTC/USDT, ETH/USDT, and BTC/USD.
- Case 1:
User A follows trade leader M to open a BTC/USD position and earns a profit of 0.01 BTC.
User A closes all positions before the settlement time. The pre-deducted profit sharing is calculated as: 0.01 BTC * 12% = 0.0012 BTC. The trade leader receives this profit sharing amount of 0.0012 BTC the following day.
If the exchange rate at the time of disbursement is 20,000 USD, then the profit sharing displayed on the homepage will show a cumulative shared profit of 24 USDT. - Case 2:
User B follows trade leader M to open three contracts: BTC/USDT, ETH/USDT, and BTC/USD. User B earns a profit of 300 USDT from the BTC/USDT contract, 200 USDT from the ETH/USDT contract, and incurs a loss of 0.01 BTC from the BTC/USD contract. User B closes all positions before the settlement time.
The estimated pre-deducted profit sharing is calculated as: 300 USDT * 12% + 200 USDT * 12% - 0.01 BTC * 12%. If the BTC exchange rate at the time of settlement is 20,000 USD, then the trade leader receives a profit sharing of (36 + 24 - 24) = 36 USDT the following day. - Case 3:
User C follows trade leader M to open three contracts: BTC/USDT, ETH/USDT, and BTC/USD. User C earns a profit of 300 USDT from the BTC/USDT contract, 200 USDT from the ETH/USDT contract, and incurs a loss of 0.01 BTC from the BTC/USD contract. Before the settlement time, User C has closed profitable positions but has not closed the losing position.
The estimated pre-deducted profit sharing is calculated as: 300 USDT * 12% + 200 USDT * 12% = 60 USDT. The trade leader does not receive any profit sharing the next day during the settlement.
If User C closes the losing position on the third day, and the BTC exchange rate at the time of settlement is 20,000 USD, the profit sharing calculation will be 60 - (0.01 * 12% * 20,000) = 36 USDT. The trade leader will receive a profit sharing of 36 USDT on the fourth day during the settlement. - Case 4:
User D follows trade leader M to open three contracts: BTC/USDT, ETH/USDT, and BTC/USD. Before the settlement time, User D has not closed either the profitable or the losing positions. In this case, there will be no pre-deduction, and no profit sharing will be distributed.