Announcement on BKEX Global about listing BHD (BitcoinHD) in Super Contract section and opening its deposit and withdrawal function

Dear BKEXer:

BHD (BitcoinHD) will get listed in BKEX Global Super Contract section at 20:30 on June 18, 2020 (UTC+8). The details are as follows:

• Opening time of deposit: 2020/06/18 15:00 (UTC+8)
• Opening time of withdrawal: 2020/06/24 15:00 (UTC+8)

1. Project details

• Project introduction

BHD is a new cryptocurrency based on Conditioned Proof Of Capacity . Its main innovation is to adopt a new Conditioned Proof Of Capacity consensus mechanism, using hard disks as consensus players, so that everyone can mine cryptocurrency. Hard disk mining makes BHD more decentralized, and generates credit and value through mathematical algorithms and distributed mining. BHD is committed to building a valuable financial system that changes the way of cryptocurrency generation.

• Official website: http://www.btchd.org/ 
• White paper: https://btchd.org/BHD-Whitepaper2.0.pdf 

2. Relevant fees

• Handling fee rate of opening position: exempted currently
• Position management fee rate: 0.05%
• 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 =entry price * {1- [opening margin * (1 - blow-up margin rate) - Handling fee of opening position - Position management fee] / (leverage ratio * position margin)}
• Short blow-up forced liquidation price = entry price * {1+ [opening margin * (1 - blow-up margin rate) - Handling fee of opening position - Position management fee] / (leverage ratio * position margin)}

5. Limit of placing orders

Token	Min. trading quantity	Max. trading quantity	User's single unilateral maximum position
BHD	0.1	50	50

6. Remarks:

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

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 

2020/06/15

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