Announcement on BKEX Global about listing CSPC in Super Contract section

Dear BKEXer:

CSPC will get listed in BKEX Global Super Contract section at 21:00 on April 16, 2020 (UTC+8). The details are as follows:

1. Project details

• Project introduction

CSPC is the circulation equity token based on SWTC public chain, aimed at providing rights and interests rewards for participants and builders of the ecological community of shopping pass - blockchain user operation service platform. The main service targets include consumers, Taoke platform, partners, merchant customers, and other community construction service providers. In addition, the big data analysis results based on the original transaction information recorded on the SWTC public chain cannot be tampered with, thus ensuring the openness and transparency of data information.

• Official website: https://www.cspc.info/
• White paper: https://www.cspc.info/skin/pdf/gouwutong.pdf

2. Relevant fees

• Handling fee rate of opening position: exempted currently
• Position management fee rate: exempted currently
• Position fee rate: exempted currently
• Handling fee rate of closing position: 0.12%

3. PnL calculation

• Yield = Unrealized PnL / position margin * 100% (position margin = opening margin)
• Long PnL = (exit price - entry price) / entry price * opening margin * leverage
• Short PnL = (entry price - exit price) / entry price * opening margin * leverage
• To calculate the floating PnL when holding position, just replace the exit price with the current price

4. Forced liquidation calculation

• Long blow-up forced liquidation price = [1 - (1 - blow-up margin rate%) / leverage ratio] * entry price (opening price)
• Short blow-up forced liquidation price = [1 + (1 - blow-up margin rate%) / leverage ratio] * entry price (opening price)

5. Limit of placing orders

Token	Min. trading quantity	Max. trading quantity	User's single unilateral maximum position	Cryptocurrency’s single unilateral maximum net position
CSPC	500	6,000	600,000	1,000,000

Risk Warning: Digital assets are innovative investment products with great prices fluctuation. Please make a rational judgment on your investment ability and make investment decisions cautiously. BKEX Global shall not be liable for guarantee, compensation, etc. for investment. We wish you a pleasant deal.  

BKEX Global 

2020/04/15

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