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

Dear BW users

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

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

Contract details of COMPUSDT (USDT settlement)

Name COMPUSDT

Type Base currency COMP, settlement currency USDT, valuation currency USDT

Due date perpetual

Maximum leverage 50x

Contract value 1 Contr = 0.01 COMP

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 leverage trading.

Marking method Reasonable price mark

Index sources Binance, Coinbase.Pro

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: COMP

Full name: Compound

Issue date: June 16, 2020

Total issue: 10000000

Project introduction

COMP is a governance token issued by compound, with a total circulation of 10 million. The holder can propose or vote on the compound agreement. Compound is a decentralized Finance (DeFi) project based on compound protocol. It provides "mortgage lending" business similar to banks. Users can store their own assets in the agreement to obtain interest, or as collateral to lend other encrypted assets.

Official website: https://compound.finance/

White paper: https://compound.finance/documents/Compound.Whitepaper.pdf

Block browser: https://etherscan.io/

Contract address: https://etherscan.io/token/0xc00e94cb662c3520282e6f5717214004a7f26888

community:

Twitter: https://twitter.com/compoundfinance

Medium: https://medium.com/compound-finance

【Contact us】

Telegram: t.me/BW_support

VK: https://vk.com/bw.exchange

Reddit: https://www.reddit.com/user/bwexchange

Mailbox: support@bw.com