Rules of CFT Trading Mining (Trial)
In order to reward perpetual contract customers, we will award CFT to contract customers through trading mining. Check it out:
1. Tradingminingpool takes up 50% of the total mining volume of the day. The specific mining allocation mechanism is as follows:
(1) The trading mining CFT award available on the day is calculated as:
Daily trading mining pool * The customer’s trading volume on the day / The platform total trading volume on the day
The trading volume means the order value, customers can view each order value in the contract closed orders.
(2) In order to ensure the miners’ interest, the trading fee return mechanism will be implemented. The rules are:
The first-day mining reference price is 0.015 USDT, and the daily increase is 5% from the 2nd to 30th days. After 30 days, it will be separately announced according to the actual situation. If the mining competition is too intense, and the mining cost of the miner is higher than 15% of the daily reference price, the corresponding trading fee will be subsidized in the form of BTC to reduce miners’ cost according to the price of BTC/USDT at 00:00:00 (GMT+8) on the day.
For example,
If customer A trades 1000BTC on the first day, and the trading fee is 0.1BTC, at 00:00:00 (GMT+8) of the CFT issue day, BTC/USDT price is: 1BTC=12,000 USDT, so customer A’s contract trading fee is 0.1*12,000=1200USDT, the platform total contract trading volume of the day is 100,000 BTC, and the total trading mining pool of the day is 1,500,000 CFT.
According to the trading mining rules, CFT customer A can get are 1,500,000*1000/100,000 =15,000 CFT, and customer A’s mining cost of 1 CFT is 1,200/15,000=0.08USDT. The mining reference price on the day is 0.015USDT, and the price after the 15% floating is 0.01725USDT. Because the actual mining cost of customer A is higher than the 15% floating mining reference price, so the corresponding exceeded part trading fee will be subsidized to customer A, which is 1200–0.01725*15,000=941.25USDT, and it will be subsidized in the form of BTC to reduce miners’ cost according to the price of BTC/USDT at 00:00:00 (GMT+8) on the day (941.25/12,000=0.07843750BTC).
Disclosure
CoinBene reserves the right to final interpretation of the rules.
If you have any problems, please add our customer service agent, and join the exclusive contract customer group for more benefits.
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