We are excited to announce the official launch of AUCTION trading, offering users new opportunities to engage with the asset through leveraged trading, simple earning products, and perpetual contracts. These features are designed to provide flexibility and enhanced options for both new and experienced traders.
The newly introduced services are available across all platforms, including web, mobile app, and API, ensuring you can access these tools wherever you are.
Leverage Trading and Simple Earn Features
AUCTION is now available for margin trading with USDT trading pairs. This allows users to borrow funds and amplify their trading positions, potentially increasing both gains and exposure.
Key aspects of the leverage system include tiered margin levels, which help manage risk by adjusting leverage based on position size. For specific tier details, please refer to the platform’s leverage and margin guide after launch.
Additionally, AUCTION is supported in Simple Earn products, offering users a straightforward way to earn interest on their holdings. Available subscription quotas and expected yields can be checked directly in the Earn section of the platform.
AUCTION Perpetual Contracts Explained
Perpetual contracts are a popular derivative product that enables traders to speculate on the future price of AUCTION without an expiration date.
Core Contract Specifications
| Parameter | Details |
|---|---|
| Underlying Asset | AUCTION/USDT Index |
| Settlement Currency | USDT |
| Contract Face Value | 0.1 AUCTION |
| Pricing Unit | USDT per 1 AUCTION |
| Minimum Price Movement | 0.001 |
| Leverage Range | 0.01x to 50x |
| Funding Rate Mechanism | Determined by a predefined formula based on market premium and interest |
| Trading Schedule | 24/7 |
Understanding the Funding Rate
To ensure fairness and market stability, a funding rate mechanism is applied. It balances positions between long and short traders by periodically exchanging payments based on the difference between the contract market price and the spot index price.
Initially, immediately following the launch, a reduced funding rate cap of 0.03% is implemented to account for potential price volatility. This temporary measure remains in effect until a specified time, after which the standard cap of 1.5% is applied. The first regular funding fee exchange will occur on a predetermined schedule.
All other standard contract rules, such as limit order specifications and liquidation procedures, align with those of other perpetual contracts listed on the platform.
For a comprehensive understanding of trading terms and risk factors, users are encouraged to 👉 review the perpetual合约用户协议.
Getting Started with AUCTION Products
Whether you are interested in leveraged spot trading, earning passive income, or trading perpetual contracts, it's important to approach these products with a clear strategy.
For Leverage Trading:
Start by familiarizing yourself with the margin tiers and understand how leverage magnifies both profits and losses. Always use risk management tools like stop-loss orders.
For Simple Earn:
Evaluate the different locking periods and associated APYs to choose a product that matches your investment horizon and risk tolerance.
For Perpetual Contracts:
Practice with lower leverage initially and thoroughly understand how funding rates work. Monitor your positions regularly, especially around funding timestamps.
We are committed to providing a robust and user-friendly trading environment and continuously work on enhancing our product offerings.
Frequently Asked Questions
What is the AUCTION/USDT perpetual contract?
It is a derivative product that allows you to speculate on the price of AUCTION against USDT without an expiry date. Positions are maintained as long as margin requirements are met, and funding fees are periodically paid or received based on market conditions.
How does the funding rate work for the new AUCTION contract?
The funding rate is calculated periodically based on the difference between the contract's mark price and the underlying spot index price. To prevent excessive fees due to initial volatility, a lower cap is applied immediately after launch before transitioning to the standard cap.
What are the risks of using leverage with AUCTION?
Leverage amplifies both gains and losses. While it can increase potential returns, it also raises the risk of liquidation if the market moves against your position. It is crucial to use risk management tools and only trade with capital you can afford to lose.
Can I earn passive income with AUCTION?
Yes, through Simple Earn products. You can subscribe to flexible or fixed-term plans to earn interest on your AUCTION holdings. The specific rates and limits are available on the platform's Earn page.
Where can I find detailed trading rules for these new products?
Complete documentation, including leverage tiers, contract specifications, and user agreements, is available in the help center and terms of service sections of the official website. 👉 Explore more trading strategies to make informed decisions.