Announcement on BKEX Global about listing DOT (Polkadot) in Super Contract section

Dear BKEXer:

DOT (Polkadot) will get listed in BKEX Super Contract section at 20:30 on August 26, 2020 (UTC+8). The details are as follows:

1. Project details

• Project introduction

Polkadot is a blockchain collection composed of heterogeneous blockchains. Polkadot's main purpose is to connect the existing independent blockchains. Through Polkadot, communication and data transmission can be carried out between different blockchains. 

• DOT Official website：https://polkadot.network/
• DOT White Paper：https://polkadot.network/PolkaDotPaper.pdf

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
DOT	1	1,000	2,000

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 

2020/08/26

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