BTCUSDT and ETHUSDT Perpetual Contracts Now 0% Maintenance Margin

Dear Deepcoin Users,

To enhance your trading experience, Deepcoin is pleased to announce a promotion offering a 0% maintenance margin rate for BTCUSDT and ETHUSDT perpetual contracts.

Promotion Period: July 8, 2024, 16:00 (UTC+8) to July 22, 2024, 16:00 (UTC+8).

Details: During this period, users trading perpetual contracts on Deepcoin will benefit from a 0% maintenance margin rate, ensuring an enhanced trading experience.

Note: The liquidation price is calculated as follows: Liquidation Price = Entry Price * (1 - 1 / Leverage + Maintenance Margin Rate).

For example: If the Entry price of BTCUSDT is 56000, Binan* fluctuates to 55776 resulting in liquidation, BYBI* fluctuates to 55720 resulting in liquidation, OK* fluctuates to 55664 resulting in liquidation, and during the Deepcoin promotion period, fluctuations result in liquidation will be at 55552.

We have optimized the tiered maintenance margin parameters for the following perpetual contract trading pairs, effective from 16:00 on July 8, 2024 (UTC+8). For detailed information on the adjusted trading parameters, please refer to the "Contract Information" - "Tiered Margin" section located in the top right corner of the contract trading page.

Experience a more efficient and secure trading environment immediately, and enjoy the all-new service upgrade brought to you by Deepcoin!

Notice:

1. The adjustment will not impact the execution of existing orders or the closure of current positions. The new parameters will come into effect following the closure of existing positions.

2. Following the adjustment, users are required to restart the app to update page data. Failure to do so may result in errors during order placement.

Risk Advisory: Digital assets are innovative products characterized by substantial price volatility. We encourage you to assess your risk tolerance prudently and make informed decisions.

Deepcoin Team

July 8, 2024