Spot Index price: KKcoin uses an original, industry-leading big data analysis model based on the 6-8 biggest cryptocurrency exchanges (Bitfinex, Gemini, Bitstamp etc.) to generate an aggregate spot price for the reference index.
Perpetual Contract price: Using spot index price as reference, traders place long and short orders of Perpetual Contracts and market prices are formed when these orders match off against one another, ensuring that Spot and Perpetual Contract prices do not deviate significantly.
Margin: The minimum amount of funds required to initiate a leveraged position.
Margin = Execution price*Executed Lots*Lot size*Margin rate%
Transaction Fee: For every buy/sell transaction, a fee is applicable as a percentage of total transaction value.
Transaction Fee = Buy/Sell price*Executed Lots*Lot size*Transaction Fee%
Account risk rating: A threshold measuring an account’s ability to withstand risk.
Account risk rating = Account Equity / Used Margin*100%
Forced liquidation: When account risk rating reaches ≦50%, our systems will automatically liquidate all existing positions.
If you have any questions regarding KKcoin Perpetual Contracts, including any operational questions or trading rules, please contact us immediately. We are servicing your requests on a 24hr basis to provide you optimal service!