To increase variety of Perpetual Contract ecosystem, BKEX "Crazy Contract" is officially launched! In BKEX Crazy Contract mode, the higher the contract ROE, the higher profit buff can be obtained. Details are as follows:
Trading Rules for This Round Crazy Contract:
1. Event period: 00:00:00 06/18/2022 - 23:59:59 06/19/2022 (UTC+8)
2. All positions of Crazy Contract will automatically conduct delivery and settlement when the event ends, and all open orders and TP/SL orders will be canceled. Please close positions within the specified time and pay attention to position risk.
3. Transactions of "Crazy Contract" require no funding fee.
4. After users close positions of "Crazy Contract", the higher the profit grade, the more additional rewards will be obtained. The detailed bonus parameters are as follows:
5. The profit grade is determined by position leverage. Profit grade = Position ROE * (100/leverage)
If ROE of position A is 1000%，position profit is 1,000 USDT，the profit grade =1000% *（100/100）=1000%，the addition rate of profit amount is 2.5%, and the additional profit =1,000 USDT * 2.5% = 25 USDT
If ROE of position A is 1000%，position profit is 1,000 USDT，the profit grade = 1000% * (100/20) =5000%，the addition rate of profit amount is 4.5%, and the additional profit = 1,000 USDT * 4.5% = 45 USDT
More details: https://bkex.zendesk.com/hc/en-us/articles/6503469185561
English Telegram group: https://t.me/BKEXEnglish