Trading rules of Crazy Contract

In order to enhance the diversity of the perpetual contract ecosystem, BKEX officially launched a new product “Crazy Contract”! In the BKEX “Crazy Contract” mode, the higher the contract profitability, the more profit bonuses you can get. The details are as follows:

This promotion runs from 0:00 on July 16, 2022 to 23:59:59 on July 17 (UTC+8).

All positions in “Crazy Contracts” will be automatically delivered and settled at the end of the event, and all entrusted orders and take profit and stop losses will be cancelled at the same time. Please close the position within the specified time and pay attention to the risk of the position.

There is no need to pay the funding rate in the crazy contract.

In Crazy Contract, BTC, ETH trading pairs support 1-500 times leverage; BCH, LTC, EOS, FIL, DOT, XRP, LINK, UNI, SHIB, DOGE, ADA trading pairs support 1-200 times leverage.

After closing the position in “Crazy Contract”, the higher the profit rate, the more extra rewards you will get.

The detailed bonus parameters are as follows:

Official Launch of the First Round Crazy Contract by bkex

The conversion formula of different leverage profit ratios: Profit level = actual position profit ratio * (100/actual leverage)

The profit rate is calculated according to 100 times leverage to obtain the corresponding bonus ratio, and the actual leverage is converted into 100 times leverage, so the profit bonus rate under different leverages remains the same.

100X leverage:
The profit rate of position A is 1000%, and the profit is 1000 USDT. Then the profit level = 1000% * (100/100) = 1000%, the corresponding bonus ratio is 2.5%, and the profit bonus amount is 1000USDT * 2.5% = 25USDT.
20X leverage:
The profit rate of position A is 1000%, and the profit is 1000 USDT. Then the profit level = 1000% * (100/20) = 5000%, the corresponding bonus ratio is 4.5%, and the profit bonus amount is 1000USDT * 4.5% = 45USDT.

Go to BKEX’s Official Website