Dear BW users
BW launched on July 13, 2020, at 17:00 (Hong Kong time), the perpetual contract of DEFI (decentralized Finance) and the perpetual contract of DEFIUSDT. The contract is a forward perpetual contract with USDT as margin settlement, with maximum support of 50x leverage.
The DeFi index is benchmarked against 11 DeFi currencies, including COMP、KNC、LEND、MKR、KAVA、ZRX、LRC、REN、REP、BNT、SNX. The index price is calculated by the weighted average price of 11 currencies.
Note: at present, users can only participate in the DEFI/ USDT perpetual contract through the app. Please pay attention to the follow-up announcement for the online time of webpage.
Contract details of DEFI/ USDT, (USDT settlement)
Name： DEFIUSDT
Type： Base currency DEFI, settlement currency USDT, valuation currency USDT
Due date： perpetual
Maximum leverage 50x
Contract value 1 Contr = 0.01 DEFI
Minimum price valuation 0.01 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 margin trading.
Marking method： Reasonable price mark
Index sources：OKEx、Huobi、Binance etc.
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
Source of DEFI index
|
Token |
quantity |
market 1 |
market 2 |
market 3 |
|
COMP |
0.1667 |
Binance-USDT |
Coinbase-USDT |
OKEx-USDT |
|
KNC |
11.9512 |
OKEx-USDT |
Binance-USDT |
Gateio-USDT |
|
LEND |
86.5173 |
Binance-USDT |
Gateio-USDT |
|
|
MKR |
0.0316 |
Coinbase-USDT |
Gateio-USDT |
OKEx-USDT |
|
KAVA |
2.1965 |
Binance-USDT |
Gateio-USDT |
|
|
ZRX |
41.6865 |
Huobi-USDT |
Binance-USDT |
OKEx-USDT |
|
LRC |
67.1079 |
OKEx-USDT |
Gateio-USDT |
Binance-USDT |
|
REN |
56.6373 |
Huobi-USDT |
Binance-USDT |
|
|
REP |
0.7322 |
Binance-USDT |
Coinbase-USDT |
|
|
BNT |
4.6026 |
Binance-USDT |
OKEx-USDT |
|
|
SNX |
11.2229 |
Poloniex-USDT |
Poloniex-BTC |
|
【Contact us】
Telegram: t.me/BW_support
VK: https://vk.com/bw.exchange
Reddit: https://www.reddit.com/user/bwexchange
Mailbox: support@bw.com
Official website: www.bw.com | www.bw.io
Download BW APP: https://www.bw.io/appDownload
BW, Bit World, Better World
BW.com Global Operations Team
Jul 13, 2020
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