Binance Coin (Ticker: BNB) is the native token issued on Binance Chain by Binance exchange as a form of decentralized blockchain assets. The issue amount is fixed at 200 million. A certain amount of BNB is to be burnt once every quarter based on the platform's quarterly revenues until a total amount of 100 million BNB is reached. The burning record is published once the burning is completed, available on Binan Chain to ensure transparency.
The contract specifications are as follows.
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Basic Terms of F-BNB Future Trading |
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Future Coin Type |
F-BNB |
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Insurance Coin Type |
USDT |
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Leverage |
5X |
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Initial price of Call Auction |
25 USDT |
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Call Auction Duration |
July 17, 2019 at 17:00 To July 17, 2019 19:30 (HKT) |
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Trading Time |
Trading will be available as soon as the settlement of Call Auction is completed. |
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Delivery Method |
Differential |
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Delivery Time |
August 31, 2019 at 20:00 (HKT) |
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Delivery Price |
The arithmetic mean of its USDT price one hour before delivery (Data Drawn from Binance ) |
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Min. Price Decimal |
0.01 USDT |
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Short-term price limits |
No more than 5% in 15 minutes |
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Long-tern price limits |
No more than 50% in 24 hours |
CoinEx Futures trading is a blockchain financial derivative, similar to traditional futures trading. Investors can long buy to gain profits from the price increase, or short sell to gain profits from the price gap.
Features of CoinEx Futures trading:
1. Using the mainstream currency as Margin and delivery via Insurance, any investor can easily participate in Futures trading;
2. Specific delivery rules are designed for different futures markets so that malicious operations of Futures market that might affect the delivery prices can be avoided;
3, The original Call Auction along with Short-term/Long-term price limit ensures the stability of Futures market and large fluctuations in futures prices can be avoided.
What’s Call Auction
Call Auction is a one-time matching method for all bid/ask orders during a certain period of time according to the price and time priority principles, and a reference price is met on this basis meeting the following 3 conditions:
Condition 1. It must be able to generate the greatest trading volume;
Condition 2. All placed bid/ask orders with prices higher/lower than the reference price must be completed executed;
Condition 3. Either side of all the placed orders with the same price as the reference price must be completed executed.
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