【Product】Bfx Adds BTM Perpetual Contract

Source: bfx Release time: 2019-11-24 18:51:47


Dear valued users,

BFX Derivative Market will launch BTM perpetual contract at SGT 15:00 p.m. on October the 28th in the inn

 More details are laid out as below:

Transaction Coin

BTM

Underlying Object

BTM/USD index

Minimum Trading Unit

100 BTM

TheMinimumPrice Change

0.001USDT

Settlement Coin

BTM/USDT

leverage Multiples

5x/10x/20x

Contract Types

Perpetual Contract

Liquidation Mechanism

Fair Index Price

Source Of Index

HUOBI&OKEX&BINANCE


Examples:
You go Long on 1000 BTM Perpetual Contracts at a price of 0.144 USDT,BTM Position Value = 0.144×1000=144USDT.Using 20x leverage, the margin is:144/20=7.2USDT
Suppose the BTMUSDT contract rises in price to 0.1512USDT, You made 0.1512-0.144×1000=7.2USDT profit from the increase in the value of BTMUSDT,
If you use 20x leverage(5% Margin Rate), the margin is 7.2USDT,Your profit is 7.2USDT, and your profit rate is 100%;

Suppose the price drops to 0.1368USDT after opening the position,You made 0.144-0.1368)×1000=7.2USDT loss from the fall in the value of BTMUSDT,
If you use 20x leverage(5% Margin Rate), the margin is 7.2USDT,Your loss is 7.2USDT, and your loss rate is 100%.

(Note: for convenience, the influence of transaction commission is not considered)


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October 28, 2019