【Product】Bfx Adds LINK Perpetual Contract

Source: bfx Release time: 2019-11-24 18:45:50

Dear valued users,

BFX Derivative Market will launch LINK(ChainLink) perpetual contract at SGT 15:00 p.m. on November 21th in the inn

ovative coin board. More details are laid out as below:

Transaction Coin

LINK(ChainLink)

Underlying Object

LINK/USD index

Minimum Trading Unit

10 LINK

TheMinimumPrice Change

0.001USDT

Settlement Coin

LINK/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 100 LINK Perpetual Contracts at a price of 2 USDT, LINK Position Value = 2×100=200USDT.Using 20x leverage, the margin is:200/20=10USDT

Suppose the LINKUSDT contract rises in price to 2.1USDT, You made 2.1-2)×100=10USDT profit from the increase in the value of LINKUSDT,
If you use 20x leverage(5% Margin Rate), the margin is 10USDT,Your profit is 10USDT, and your profit rate is 100%;

Suppose the price drops to 1.9USDT after opening the position,You made 2-1.9×100=10个USDT loss from the fall in the value of LINKUSDT,

If you use 20x leverage(5% Margin Rate), the margin is 10USDT,Your loss is 10USDT, and your loss rate is 100%.

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


BFX.NU Fair and equitable comprehensive digital financial derivatives trading market

BFX.NU

November 21th2019