On 18th July, Hong Kong Exchange (HKEX) launched new product — inline warrant, providing new variety and possibility of deriative product to the market.
As leading crypto deriative platform, DUO labs has also developed a similar inline warrant product based on ETH price. To meet increasing interest and demand from the DUO community, the product will launch soon.
Inline warrant is structured product, product holders can received pre-confirmed return after settlement. Return amount is determined by whether ETH/USD price is within inline outbound or not at settlement period.
Launch Time: 12pm, 2 Sep 2019 (Singapore time, GMT+8)
Website: To be announced on 2 Sep
Min and Max price are pre-determined(e.g. based on 30 days average of ETH price volatility)
No price prediction is required for participants and profit and loss is known before participation
Return is 100％ when ETH price change is within price boundary
Return is -50％ when ETH price change is outside price boundary
Participants could get good return even if ETH price volatility is low
Participants have chance to get up to 100% of return
Max loss will be 50% of stake
More return and loss as stake amount increases
Note: for weekends and public holidays, settlement will be conducted in the next working day cycle.
Day 1：John participated with 600 DUO at 17:00, volatility is ± 2.5%. ETH/USD price is 220 at 8pm. Thus ETH/USD min-max price range is 214.5 －225.5。
Day 2：ETH／USD price became 218 at 8am, within boundary. John’s return will be 600 x 2 ＝1200 DUO。1200 DUO will be credited to John during settlement period.
Day 2：John participated again with 500 DUO at 16:00, volatility is ± 3%. ETH/USD price is 200 at 8pm. Thus ETH/USD min-max price range is 194–206。
Day 3：ETH／USD price became 210 at 8am, outside boundary. John’s return will be 500 x 0.5 ＝250 DUO。250 DUO will be credited to John during settlement period.
About DUO Labs
DUO Labs is an innovative deriative test platform, driven by community. At DUO labs, users can use DUO token to participate a series of deriative product testing. To encourage more community participation, return from deriative products are provided by DUO community reserve as per DUO token economy.
Revenue generated from DUO Labs product testing activities will be collected back and removed from circulation. DUO Network team will publicize such data periodically.
DUO Network Team
23 Aug 2019