All-currency contract is a contract product that uses non-mainstream tokens to invest in mainstream currency spot price indices. Its underlying contract is the mainstream currency spot price index, for example the BTC spot price index. The margin currency is a non-mainstream token. The user invests in the token, and the profit and loss are also settled in the token.
For example: BTC/USD(WT) all-currency contract, is trading with BTC priced with USDspot price index, and use WT to carry out BTC bullish or bearish transactions. The contract price is based on the fundings of the perpetual contract mechanism to anchor the BTC spot price index, and closing the position with WT as well. The profit and loss are calculated based on the number of WT.
The following is an introduction to the parameters of the all-currency contract:
Features of the all-currency contract:
1. All-currency contract transactions are not related to the spot price and liquidity of the margined currency.
2. The index price is a comprehensive index of mainstream currency spot prices obtained from multiple major exchanges, with high stability and fairness.
3. The positive perpetual contract is easier to use with fair and transparent price data.
27 July 2020