BW launches perpetual contract for COMP, ADA, DEFI，what’s the highlight?
BW launch perpetual contract for COMP / USDT, ADA/USDT,DEFI/USDT on July 13, 2020 at 17:00 (Hong Kong time).
Trade now: https://swap.bw.com/
Note: at present, users can only participate in the COMP / USDT perpetual contract through the app. Please pay attention to the follow-up announcement via BW.com.
Here is a brief introduction for the projects: COMP is a governance token issued by compound, with a total circulation of 10 million. The holder can propose or vote on the compound agreement. Compound is a decentralized Finance (DeFi) project based on compound protocol. It provides “mortgage lending” business similar to banks. Users can store their own assets in the agreement to obtain interest, or as collateral to lend other encrypted assets.
Cardano ( ADA) is a decentralized public blockchain and cryptocurrency project, and it is completely open source. Cardano is developing a smart contract platform designed to provide more advanced functionality than any previously developed protocol. It is the first blockchain platform evolved from the philosophy of science and research first approach. The development team is composed of large-scale experts, engineers and researchers around the world.
Many readers know about ADA and its recent market performance.
What is DeFi? Some friends may ask.
DeFi is of great significance to the entire blockchain world, because DeFi has the advantage over traditional financial markets that anyone can directly connect to a global financial market without regional restrictions, without trust costs, there is no island, no There are also lies and fraud, traditional financial issues such as monetary policy, market supply and demand, etc. will be efficient and transparent, and truly realize the dream of Satoshi Nakamoto from multiple dimensions.
Now BW has online the perpetual contract for DEFIUSDT
DEFIUSDT. The contract is a forward perpetual contract with USDT as margin settlement, with maximum support of 50x leverage.
The DeFi index is benchmarked against 11 DeFi currencies, including COMP、KNC、LEND、MKR、KAVA、ZRX、LRC、REN、REP、BNT、SNX. The index price is calculated by the weighted average price of 11 currencies.
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