Fellow CoinTiger users,
The Futures Market is aimed to provide a fast, convenient, fair and safe trading opportunity for blockchain enthusiasts while granting an early investment opening for supporters of these projects. Therefore, CoinTiger decides to establish a Futures Market.
From June 10 to June 11, Cocos-BCX (COCOS)-The platform for the next generation of the digital game economy has won the poll, accumulated from the Chinese and international community after summing up. Hence, the first underlying asset to be listed in CoinTiger’s futures market is COCOSF at 16:00 June 13, 2019.
【Overview】COCOSF is generated by the qualified collateral provider who mortgages USDT with an initial ratio of 1USDT: 1COCOSF = 1:355. The upper limit of the mortgage is 14,084,507 USDT, and the total circulation is 5,000,000,000.
【Project Introduction】COCOS aims to capitalize on the content of the digital world by building a platform where content producers can establish a consistent profit system with content consumers. COCOSF is a digital futures asset anchored with COCOS (settled in USDT) and was selected by CoinTiger via community votes.
【Settlement】COCOSF's delivery time (trading stop time) is 2 hours prior to the official launch of Cocos-BCX spot trading, and the settlement price will be the 24-hour average price of the spot trading initiated on the exchange. If several collaborating exchanges are launching COCOSF's spot trading at the same time, the settlement price will be weighted by the 24-hour average price of several exchanges. After calculating the settlement price, the asset issuer will distribute USDT to investors via the exchange platforms.
* The futures trading rules and fees are equivalent to spot trading. Users are only allowed to use USDT for trading.
* COCOSF Related Rules and Regulation
Risk Warning: The purpose of futures assets is to provide users as a hedging tool to balance the contingency of digital assets. It was also a bold attempt by CoinTiger, Please make your investments cautiously.