Announcement on BKEX Global about listing HT in Super Contract section

Dear BKEXer:

HT（Huobi Token）will get listed in BKEX Super Contract section at 20:30 on July 16, 2020 (UTC+8). The details are as follows:

1. Project details

Project introduction

Huobi Tokens, or HTs, are tokens powering Huobi’s blockchain-backed loyalty point system and the only point officially issued by Huobi. HT will support Huobi's global business and full range of products, such as VIP service fee discount, verified merchant margin, exclusive activity of HT points, trading with popular coins, participating in HTbusiness, etc.

Official website: https://www.huobi.com

2. Relevant fees

Handling fee rate of opening position: 0.04%
Handling fee rate of closing position: 0.04%
Position management fee rate: 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
HT	10	10,000	10,000

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

2020/07/13

BKEX Global Communities

English Telegram group: https://t.me/BKEXEnglish

Twitter: https://twitter.com/ComBkex

Facebook: https://www.facebook.com/BKEXGlobal

Reddit: https://www.reddit.com/user/bkex-exchange

Instagram: https://www.instagram.com/bkexglobal/

LinkedIn: https://www.linkedin.com/company/14387876/