1. Product features
Low Threshold
No need to learn professional terms, get started quickly, open positions quickly; trade at multiple targets, settle in USDT
Fair & Justice
The price of the transaction is based on asset exchange platforms to avoid losses due to pricing deviation or manipulation
Low Cost
Open a position with 50 USDT. No interest on currency loan, no funding rate, no overnight holding fee and other fees
High Profit
Support two-way trading, both up and down can be profitable; the highest leverage is 500 times, and the profit is magnified by 500 times
2. Trading Rules
| TRADE | RULES |
| Trade Target | BTC、ETH |
| Settlement | USDT |
| Trading Time | 7*24H |
| Trading Session | Two-ways |
| Open Position | 10 - 10,000 USDT |
| Max Leverage | 500 x |
3. Handling Fee
| LEVERAGE | HANDLING FEE |
| >0 <100 | 0.1% |
| ≥100 <200 | 0.09% |
| ≥200 <300 | 0.08% |
| ≥300 <400 | 0.07% |
| ≥400 ≤00 | 0.06% |
Note:
Opening Handling Fee:
opening principal * leverage multiplier * opening handling fee, included position gain and loss
Closing Fee:
opening principal * leverage multiplier * closing fee rate, included in the closing position gain and loss
4. Buy Up
Buy at low price Sell at high price
5. Buy Down
Sell at a high price & buy at a low price
6. Automatic Lighten Up
When the risk protection fund cannot take over the position of the user who wears the position, the counterparty will close the position. 8V will try to avoid this situation as much as possible, for example, through the method of Fill and Kill, to minimize the impact of the opponent's liquidation. Due to the high fluctuation of the digital currency market and the high leverage of super leverage, this situation may still occur. In order to provide the best user experience, we do our best to avoid the possibility of this to happen.
When the counterparty closes the position, we will immediately notify the affected users. At this time, the user's position will be closed at the bankruptcy cost. After the counterparty closes the position, the user can reopen the position at any time.
It should be noted that the bankruptcy cost may not be within the market transaction price;
The user's position in the priority ranking is calculated based on the user's profit and leverage. Generally, the more profitable the trader with the higher leverage will be liquidated first. Specifically, users will be ranked based on their margin ratio and the percentage of unrealized profit and loss as collateral. This ranking is called "LeveragePnl" and is calculated as: unrealized profit and loss/margin * margin ratio.
Under this calculation, users will be sorted according to leveraged returns. When the counterparty closes the position, the user will be notified of the closing amount and closing price. Users can re-enter immediately after being automatically lightened.
- Profit and loss ratio = Max (0, unrealized profit and loss) / Max (1, account balance)
- If (account balance + unrealized profit and loss) ≤ 0, the margin rate = 0
- If (account balance + unrealized profit and loss)> 0, then the margin rate = maintenance margin / (account balance + unrealized profit and loss)
- Leveraged income = margin rate * percentage of profit and loss
- Leveraged income ranking interval = ranking (user leveraged income) / total number of users
8V team
8V Official Social Media
Telegram (En): https://t.me/global8v
Telegram Community (En): https://t.me/global8vchat
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