BW.com : Announcement on the online ADA / USDT perpetual contract

Dear BW users

BW launch perpetual contract for ADA / USDT, on July 13, 2020, at 17:00 (Hong Kong time).

Note: at present, users can only participate in the ADA / USDT perpetual contract through the app. Please pay attention to the follow-up announcement for the online time of webpage.

Contract details of ADA / USDT, (USDT settlement)

Name： ADA / USDT

Type Base currency ADA, settlement currency USDT, valuation currency USDT

Due date： perpetual

Maximum leverage 50x

Contract value 1 Contr = 10 ADA

Minimum price valuation 0.0001 USDT

Trading hours 7 x 24 h

Settlement This contract is a perpetual non settlement contract

Initial margin ratio 2%

Maintenance margin ratio 1%

Enable auto reduction Yes: through automatic reduction to deal with the loss of leverage trading.

Marking method： Reasonable price mark

Index sources：OKEx、Huobi、Binance

Base risk limit 1,000,000 USDT

Risk limit increment 500,000 USDT

Minimum number of orders per transaction 1 Contr

Maximum number of single entrustment 200000 Contr

Introduction:

Essential information

Currency abbreviation: ADA

Full name: Cardano

Issue date: 2015-09

Project introduction

Cardano is a decentralized public blockchain and cryptocurrency project, and it is completely open source. Cardano is developing a smart contract platform designed to provide more advanced functionality than any previously developed protocol. It is the first blockchain platform evolved from the philosophy of science and research first approach. The development team is composed of large-scale experts, engineers and researchers around the world.

Official website: https://www.cardano.org/

Block browser: https://explorer.cardano.org/en/

Community: