Why We Launch 150x Leverage Daily Contract & the New Affiliate System
Can you share with us more detail on the 150x daily contract? How it is different compare to traditional contract? Is there any fundamental difference for user whose trade with daily contract?
The launch of 150x leverage is in response to the trading need for our users. The 150x daily contract is built on top of the existing weekly contract, and it allow many of our users to trade with lowered trading requirement without any overnight interest.
Cryptocurrency is a fast-moving market especially this year. Our daily contract is suitable for users who make market prediction on daily basis. We have conducted a survey internally and found that our perpetual contract and quarterly contract is very popular among traders who carry spot goods that need to hedge contract, miner who hedge, and large traders. While the rest of traders are more inclined to daily contract.
The 150x leverage daily contract will help users for their risk management. For example, the more orders users placed, the lower the leverage. The leverage design helps user to allocate the fund and invest more sensibly rather than serve as pure gambling.
The 150x leverage daily contract is currently supporting BTC and ETH, and settle at 5:00 am every day to avoid holding positions overnight.
We see that BTCC recently launch its new affiliate system, can you explain more about this new product? What kind of people the new affiliate system targeting to? What experience the new system will bring to them?
The new affiliate system open to anyone who have influence in crypto space and want to convert their influence into revenue. The newly launched system is designed to provide a high-quality digital experience, because a lot of KOLs have many subsidiaries and it can be difficult for them to organize the data. The new affiliate system can handle this pain point by allowing data such as invited users and commission amount can be shown more clearly.
A new affiliate system also allow user to perform all action including commission withdrawal and generate the referral link within one system. The system support user to have access to the latest transaction data and commission detail and etc.
What do you think is the future trend in the industry? What kind of product is more likely to reach adoption? What are the takes for us as ordinary investors?
As far as the future trend concern for the whole industry, the cryptocurrency market will lean toward more on traditional finance and create more derivative product to suit user’s need. In the future, I believe that many cryptocurrency exchanges will either develop its derivative products or focusing a particular product to create differentiation. The influence of derivative product will have more influence on spot prices.
Traders will be benefit from more choice of cryptocurrency product, as well as lowered trading fee and entry requirement. Perpetual contract will become mainstream.
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