The equivalent calculation in the asset is the value of the current holding digital currency converted into USDT, which changes due to the price fluctuation of the digital asset. The number of your digital assets has not changed.

If you forget the trading fund password on the platform, please go to "My-Settings-Click Set Fund Password" or contact customer service to reset

For the security reasons of your transaction, we currently limit the nickname to be modified only once.

Contract account equity = position margin + position floating profit and loss + current account available amount

Take profit and stop loss as the upper limit of profit and loss set by you. When the set amount of stop profit and stop loss is reached, the system will automatically close the position. It can be used for risk control when you buy a contract. Half of the set profit-taking amount is: amount of increase x quantity x leverage multiple, set stop loss. We recommend that you set it according to your actual asset situation and reasonably control the risk.

The quantity in the open position represents the number of currencies you expect to buy. For example: select on the opening page of the BTC/USDT trading pair, buy long, enter the price as 1000USDT, and enter the amount as 10BTC, it means: you expect to buy 10 BTC with a unit price of 1000USDT.

Handling fee=opening price*opening quantity*handling fee rate

The degree of risk is an indicator to measure the risk of your assets. When the degree of risk is equal to 100%, your position is regarded as a liquidation, the degree of risk = (holding margin/contract account equity)*100%, in order to prevent users from wearing Position, the system sets the adjustment ratio of risk degree. When the risk degree reaches the risk value set by the system, the system will force the position to close. For example: the adjustment ratio set by the system is 10%, then when your risk degree is greater than or equal to 90%, all your positions will be forced to be closed by the system.

Note: If the system is forced to close the position due to excessive risk, it will close all your positions, so I hope you can reasonably control your risk to avoid unnecessary losses

Transaction type
Trading types are divided into two directions: long positions (buy) and short positions (sell):
Buy long (bullish) means that you think that the current index is likely to rise, and you want to buy a certain number of certain contracts at the price you set or the current market price.
Sell short (bearish) means that you think that the current index is likely to fall, and you want to sell a certain number of new contracts at a price you set or the current market price.
Ordering method
Limited price order: you need to specify the price and quantity of the order placed
Market order: you only need to set the order quantity, the price is the current market price
Positions
When the order you submit for opening a position is completed, it is called a position
Contract delivery issues
The platform contract is a perpetual contract with no set delivery time. As long as the system does not meet the conditions for liquidation or you do not manually close the position, you can hold the position permanently.
System liquidation
1: The system will automatically close the position if the set value of Take Profit and Stop Loss is reached
2: The risk is too high, the system is forced to close the position

In contract transactions, users can participate in the sale and purchase of contracts based on the contract price and quantity, and the corresponding leverage multiples. The user will take up the margin when opening a position. The more the opening margin is, the higher the account risk will be.

Margin = (opening price * quantity) / leverage multiple

Limit order refers to what price you expect to entrust the platform to trade, and market order refers to entrust the platform to trade at the current price directly. In the rules for opening positions, market orders are given priority over limit orders. If you choose a limit order, please open the position reasonably according to the current market price of the currency to avoid losses due to unreasonable opening prices.

Risk degree is a risk indicator in your contract account. A risk degree equal to 100% is considered as a liquidation. We suggest that when your risk exceeds 50%, you need to open your position carefully to avoid losses due to liquidation. You can reduce your risk by replenishing the available funds of contract assets, or reducing your positions.

The purpose of the exchange is to allow the smooth circulation of funds in different currencies in your assets, and the QCC obtained in the futures account can be freely converted into USDT for trading. USDT in other accounts can also be freely converted to QCC for trading.