Risk Warning

Before using DeeBit Futures for transactions, users should read and comply with this agreement. Users must carefully read and fully understand the content of each clause, especially the corresponding clauses that exempt or limit liability, and choose to accept or not accept.

Unless the user has read and accepted all the terms of this agreement, the user has no right to use DeeBit Futures Trading and its corresponding services. The user's login, viewing, and posting of information on this service are deemed to have read and agreed to be bound by this agreement.

 

 

1.1 The risk of Futures trading is high. As a Futures trader, you acknowledge and agree that you shall bear the risk of accessing and using the Futures trading service.

 

1.2 You should fully understand the risks associated with Futures trading and be fully responsible for any trading and non-trading activities on your DeeBit account. You should not engage in trading or investment beyond your financial capacity.

 

1.3 You are solely responsible for knowing the true state of any positioning, even if DeeBit has at any time misrepresented it.

 

1.4 You agree to retain a sufficient amount of blockchain assets required by DeeBit in your DeeBit margin account for users to engage in Futures transactions and to repay your loan in full and on time. Failure to maintain sufficient assets may result in the forced liquidation of assets in your margin account; you are fully responsible for the true risk status of any token assets held by you in your DeeBit account, including but not limited to your recharged assets, assets held after spot transactions, and profitable assets after Futures transactions, even if DeeBit displays them incorrectly.

 

1.5 During the maintenance of the DeeBit system, you agree to be solely responsible for managing your margin account at risk, including but not limited to position squaring and repaying your loans.

 

1.6 You agree to conduct all transactions, Futures transactions, and/or borrowings by yourself and be fully responsible for your activities. DeeBit is not responsible for any loss or damage caused by your use of any services or your failure to understand the risks associated with asset use or your use of our services.

 

1.7 The user agrees that all investment operations conducted by DeeBit represent their true investment intentions and unconditionally accept the latent risks and returns brought by investment decisions;

 

1.8 DeeBit reserves the right to suspend, terminate Futures services and take over user positioning. When necessary, DeeBit platform can suspend, terminate Futures services and take over user positioning at any time.

 

1.9 Due to network delays, computer system failures, and other possible irresistible factors, the execution of the Futures service may be delayed, suspended, suspended, or deviated. DeeBit will try its best to ensure but not promise the stability and effectiveness of the Futures service execution system, but DeeBit will not be responsible for any final execution results of the Futures service that are different from the customer's expectations due to the above factors.

 

 

2.1 DeeBit RWA Futures adopt various systems to control risks, including but not limited to:

1)Compulsory position squaring system;

2)DeeBit will continuously improve risk control rules according to market conditions.

 

2.2 DeeBit perpetual Futures adopt various systems to control risks, including but not limited to:

1)Ladder Maintenance Margin Rate System;

2)Compulsory position squaring system;

3)Automatic reduction system.

4)DeeBit will continuously improve the risk control rules according to market conditions.

 

2.3 Ladder Maintenance Margin Rate System: Futures trading adopts a ladder Maintenance Margin rate system. The larger the positioning, the higher the Maintenance Margin rate. In addition, to avoid forced reduction, your margin rate needs to be higher than the Maintenance Margin rate, which is the minimum margin rate required to maintain your current positioning.

 

2.4 Mandatory position squaring system: When the account does not meet the margin requirements, the forced liquidation engine will forcibly take over the positioning for forced position squaring.

 

2.5 Automatic position reduction: abbreviated as ADL, is a mechanism used to resist the risk of market exposure. When forced position squaring occurs, if the positioning cannot be position squared at a price better than the forced liquidation price, and the balance of the risk reserve is not enough to bear the loss of the exposure, the automatic position reduction system will reduce the position of traders who hold the opposite positioning.

 

2.6 Risk Reserve: The risk reserve is established by the platform to provide financial guarantees for maintaining the normal operation of Futures transactions and to make up for losses caused by unforeseen risks of the platform.

 

 

3.1 Prohibit users (the system judges the risk of user accounts through multi-dimensional feature recognition) from using multiple accounts and devices for illegal arbitrage (including but not limited to brushing fees, rebates, gifts, hedging, etc.). The platform will take corresponding measures against users detected by the system for illegal arbitrage (including but not limited to freezing the account, freezing assets, restricting login, real-name authentication, etc.).

 

3.2 In order to ensure the normal trading experience of ordinary users, the platform reserves the right to exercise the following measures for users who are detected by the system as using ultra-short-term trading (frequent position squaring):

1)Immediately terminate your account and access to our server, and deduct illegal gains;

2)All transactions that constitute ultra-short-term trading activities will be deemed invalid (i.e. transactions will be treated as if they never occurred).

3)Close all transactions that constitute ultra-short-term trading activities based on our current market prices.

4)Increase your position duration (i.e. hold position for a period of time before position squaring).

 

3.3 DeeBit strictly prohibits unfair trading practices. If you engage in the following behaviors, DeeBit reserves the right to exercise executive control over your account at its sole discretion:

1)Participate in price manipulation or any other malicious market behavior.

2)May harm other users or DeeBit by exploiting vulnerabilities in this service or other unreasonable means.

3)Participate in any other activities that DeeBit deems harmful to the market.

 

I have read and agreed to the Futures service agreement and agree to use DeeBit Futures business.