Announcement on BKEX Global about listing BKK in Super Contract section

Dear BKEXer:

BKK (BKEX Token) will get listed in BKEX Global Super Contract section at 20:30 on May18, 2020 (UTC+8). The details are as follows:

1. Project details

Project introduction

BKK (Full name: BKEX Token), is the equity token of BKEX platform and is one of the most important parts of whole BKEX ecology. Users with BKK can carry out community vote, exchange new project, etc. BKK was launched based on Ethereum ERC-20 agreement and it will be transferred to self-developed public chain. Based on BKK public chain, it can realize the secure storage of digital assets and public raise of projects, asset releasing and other functions. From June 2019, BKEX platform will use 70% of handling fee of spot trading to buy back BKK and burn them until the remaining total amount is 80 million.

2. Relevant fees

Handling fee rate of opening position: exempted currently
Position management fee rate: exempted within the first month after listing
Handling fee rate of closing position: 0.05%

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
BKK	10	20,000	20,000

6. Remarks

6.1 Charging rules of position management fee

It will be charged at 12:00 (UTC+8) everyday
Position management fee= Position amount * leverage ratio * Position management fee rate (Poaition amount= margin amount * leverage ratio + floating PnL)
Position management fee will be deducted from position margin
In order to thanks users, we will not charge position management fee within ther first month after BKK gets listed in Super Contract section (Namely position management fee rate is 0). After 30 days, the position management fee rate will restored to 0.05%

6.2 For Super Contract product, the position management fee rates and handling fee rates of closing position of different currencies are different

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

2020/05/17

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