1.How do I apply to be a strategy trader?
You have to submit the required documents first to apply for the Bibox strategy trader.
The audit staff will review under internal standards and let you know the result ASAP.
2.How to calculate the net value of the follow trading accounts?
A snapshot of strategy trader's account balance will be taken at 8:00 a.m.(GMT+8) each day and net value will be calculated according to the formula below:
Net Value=Account balance/Total principal (Total principal=trader's initial invested amount+∑followers' invested amount)
3.How to confirm my followed shares?
The system will calculate your shares at 8:00 a.m.(GMT+8) the next day according to the amount you invested and the current net value of your follow trading account with the bellowing formula:
Shares: Total invested amount/Account net value
4.How to calculate profits of my follow trading?
The system will return your balance(in USDT) to the wallet account when you stopped following.
Your balance=Net value when stopped*Shares
Profits=(Net value when stopped-net value when confirmed)*Shares
5.How to stop follow trading and get my principal and profits back?
You may stop following and claim the balance freely from Sunday to Thursday(0:00-24:00 GMT+8) based on current rules. Bibox will process and issue the weekly claiming application by 18:00 every Saturday.