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
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