Huobi DM Exchange (Futures) – $100K in BTC/ETH Rewards

Houbi may be a new name for you but apparently, for crypto enthusiasts, it is a pretty familiar name, as it is one of the top 3 exchanges in Derivatives Market. Houbi DM or Huobi Derivative Market allows you to trade contracts. Meaning, users can make a profit from rising and falling of digital currencies’ prices by going long or selling short based on their own judgement. Use our Huobi Futures Referral Code during registration.

Huobi Futures has recently launched Perpetual swaps along with a $100K in BTC/ETH rewards as a promotion. If not registered on Huobi Futures yet then complete your registration with our Huobi Futures Referral Link to take participate in Huobi DM promotion.

Initially, the trade contracts on Huobi DM Exchange only supported Weekly contracts and Quarterly contracts. But with the start of Huobi Perpetual Swap you can close and open positions at any time you want. In this article we will try our best to explain, how good the Huobi Futures perpetual swap is and how to be a part of the $100K Rewards share?

Huobi Futures Referral Code : 5e2f5

Other two major Futures Alternative

• Binanace Futures Referral Program
• Bitmex Referral Code

Houbi Perpetual Swaps Launch

Huobi DM(Futures) has launched its perpetual swaps and to market it effectively, it has come up with a Join and Share Campaign where you can share a $100K prize pool in BTC and ETH together. So, join and experience the Huobi Perpetual Swaps and get a share of the aforementioned rewards. Both the campaigns have a set date and steps to follow, so that you can win. Below are the detailed information for both the activities:

How to win the $5 BTC Welcome Bonus?

From March 30, 2020 20:00 to 6, April 2020 20:00 (GMT+8), any user who applies for the Huobi DM (Huobi Futures) Perpetual Swaps service, will be eligible to win $5 equivalent in BTC as trading fund for perpetual swaps. To be eligible, you have to take the steps mentioned below which are as simple as registering an account and submitting the participation proof.

• The first thing to know is that, this promotion is on a First come First served basis. The prize pool is $50,000 in BTC. So, Hurry up and rush to take the below steps to not miss a sure shot win.
• Apply for the Huobi DM (Huobi Futures) Perpetual Swap Account.
• You will get a Houbi UID.
• Below is a tutorial on how to find your Huobi UID.
• Now, take a screenshot of your current swap position or transaction on other platforms
  OR
  Share the poster and campaign details on any social media like Twitter, Facebook, Instagram or More to social groups of over 200 members and take a screenshot of that activity too.
• You can do either of the above two things. Remember, any of the above two screenshots along with UID is necessary.
• Now you have to upload both the screenshot and UID on This Page Here.
• Wait for the results on 7th April 2020.

How to trade and win the $50K in ETH?

This is another promotion that is going on on Houbi DM. From 7th April 2020 20:00 to 14th April 2020 20:00 (GMT+8), you have a chance to win $50,000 in ETH. The steps are pretty similar to the above mentioned with only one exception as mentioned below:

• Become a registered member of the Huobi DM (Huobi Futures) platform.
• Trade at least 10 lots BTC or ETH perpetual swaps accumulatively on the platform. Remember, this is the minimum requirement for being eligible for this promotion.
• Then again, take a screenshot of your current swap position or transaction on other platforms
  OR
  Take a screenshot of your sharing of the poster and campaign details on any social media like Twitter, Facebook, Instagram, etc. with over 200 followers.
• Upload the screenshot along with Huobi UID Here.
• You have successfully participated and now you can wait for the results.

Note: The winning amount will be paid into your Huobi Perpetual Swaps account on April 7, 2020 for the 1st Promotion (BTC) and for the 2nd Promotion (ETH) within one week after the activity ends. SMS or email notifications will be sent for more details. So, do look out for them.

Huobi Futures Referral Program

If you refer someone to Huobi Futures then you will get a 30% referral commission for each referral trade. Referral commission will be given in the form of cashback, points, Huobi Token. More info about Houbi Referral program will be published soon in another article.

How to get your Huobi Futures Referral ID?

• Login to Huobi
• Mouse hover on Profile Icon (Top menu bar)
• Click on “Invite Friend”
• There you will get your Huobi Futures Invitation Code/Link.
• Share that in your network to earn passive referral income.

Where is my Huobi UID?

Huobi UID is a necessity to win both the promotions. Without it, none of the promotions will be valid. You have to upload the Huobi UID in the above-linked page. If you are not able to find your Huobi UID, then follow the steps below:

• Huobi UID account is only for registered users. So, Don’t Forget to Sign Up on Huobi Here.
• Once you sign up and verify, it’s time to log in to your Huobi account.
• Now click on the Profile icon, which is the first icon on the top right-hand corner. This reveals the “Account & Security” option. Even hovering on the profile icon reveals this option. Click on it.
• A page appears with your personal information. There on the left-hand side you will find the “UID” option.

Futures Contracts – Perpetual Swaps Explained

Unlike normal contracts, a perpetual futures contract is a special type of futures contract with no settlement date. You can hold the position for as long as you want given that the minimum requirements are met. There are three central concepts at the core of perpetual contracts

1. Initial and Maintenance Margin – The initial margin is the amount that you commit when opening a leveraged position and the maintenance margin is the minimum value required for you to keep all positions. open.
2. Liquidation – It is the forced closing of leveraged positions. It occurs when the total value of a market account falls below the maintenance margin meaning that the collateral is too low. All open positions are closed and all holdings will be liquidated. In some cases, it results in partial liquidation and reduction of open positions.
3. Insurance Fund – The insurance fund is what prevents the balance of traders to drop below zero. It also guarantees that the winning traders get their profit and protect the system against unprotected and abnormal market conditions, by covering the losses generated by liquidating trader’s positions which couldn’t be closed on time. It uses the collateral taken from liquidated traders to ensure that users don’t get negative balances.

This is basically how the perpetual swaps work but there are minor differences in regards to particular futures exchanges. Especially, the liquidation rules vary from exchange to exchange.

Note: Basically you are making a bet against other traders, and hence it’s called a Swap.

Huobi Futures Review – Perpetual Swaps Features

Huobi Futures Derivative Market has been a Global leading and trustworthy cryptocurrency exchange alongside other major exchanges since December 2018. It allows you to trade contracts on Leverage.

• Huobi DM Exchange is a part of the Huobi ecosystem and hence shares all the valued security and transparency features as its parent exchange. This is very similar to other Futures exchanges.
• There are no unfair or fee partial liquidations and each currency has an insurance fund and wager for clawback loss. Hence, there are zero clawbacks.
• The Huobi Futures Fees or the Huobi Perpetual Swap Fees is really low as it only charges trading fees for opening and closing orders, thereby barring any kind of additional fees on all types of multiple orders.
• Huobi Futures API is very stable along with a friendly User interface. The availability of support for WEB, APP, and API is point-to-point and this has attracted a lot of volume liquidity from the start.
• The Huobi DM Leverage is really flexible up to 125x. You can choose any amount among 1x, 3x, 5x, 10x, 20x, 50x, 100x and 125x for leverage.

Conclusion

With greater liquidity and a more transparent implied interest rate on Houbi, there will definitely be more arbitrage opportunities. In addition to this, Houbi Futures hosts trading competitions regularly like the above two, to engage more investors. Since its inception Houbi has never seen any major security accidents and this says more than enough to trust and trade on Houbi.

We will keep you updated with referral programs. Don’t hesitate to share your thoughts via comments below.