Dear Bingbon users:
To respond to users' demand for ETH/USDT Inverse Contracts, Bingbon will launch the ETH/USDT Inverse Contract at 17:00 on August 5th, Singapore Time (GMT+8). Details of ETH/USDT are as follows:
|
ETH/USDT Inverse Contract Details |
|
|
Underlying Assets |
ETH/USDT Index |
|
Settlement Asset |
ETH |
|
Price Quotation |
USDT |
|
Min. Price Change |
0.01 |
|
Leverage |
1, 5, 10, |
|
Trading Fee Rate (Charged When closing a Position) |
0.045% |
|
Min. Amount of Single Trade (Principle) |
0.01ETH |
|
Max. Trading Volume (Principle * Leverage) |
200 ETH |
|
Max. Position Size (Principle * Leverage) |
200 ETH |
|
Trading Hours |
24/7 |
|
Settlement Time |
Real-time |
Note: For any changes to the Max. Position Size, please refer to the latest announcements.
The leverage and limits are affected by the user’s risk level, which may vary amongst users.
The Biggest Feature of Inverse Contract
When using the trading token as the settlement currency, BTC/USDT Inverse Contract uses BTC for trading settlement, and ETH/USDT Inverse Contract uses ETH for trading settlement. This means that profits and losses are calculated in the trading token.
Inverse Contract - FAQs
https://bingbon.zendesk.com/hc/articles/
Attached. ETH Information
- Token Name
ETH (Ethereum) - Issuance Time
2014-07-24 - Issuance Amount
110,249,440 - Circulation Amount
110,249,440 - Crowdfunding Price
$0.31 - Related Links
Website Whitepaper Block Query - Introduction
ETH (Ethereum) is a next-generation cryptographic ledger that can support many advanced functions, including user issuance of currency, smart protocols, decentralized transactions and the establishment of decentralized autonomous organizations (DAOs) or decentralized autonomous companies (DACs) . Ethereum does not specifically support every single type of function as a feature. On the contrary, Ethereum includes a built-in Turing-complete scripting language that allows you to write the features you want to achieve through a mechanism called “Contracts" Code. A contract is like an automatic agent. Whenever a transaction is received, the contract will run a specific piece of code, which can modify the data storage within the contract or send the transaction.
Risk Warning:
Digital asset derivatives trading is highly leveraged and risky, and may result in partial or total loss of account funds. Before conducting contract trading, investors must ensure that they understand the nature and rules of contract trading, and decide whether to participate in contract trading based on their investment experience, goals, financial status, and ability to bear risks.
Bingbon Operation Team
2020/08/04