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)
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
Currency abbreviation: COMP
Full name: Compound
Issue date: June 16, 2020
Total issue: 10000000
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
Download BW APP: https://www.bw.io/appDownload
BW, Bit World, Better World
BW.com Global Operations Team
Jul 13, 2020