BASEKX event contracts are derivative products traded based on the outcome of specific market events. Users can choose to trade in the “up” or “down” direction based on their judgment of the price trend of a specified crypto asset within a specific period.
Event contracts have a clearly defined expiration time. When placing an order, users can view the transaction amount, potential profit, and other relevant transaction information for that trade.
If the user correctly predicts the event outcome, they can receive the corresponding profit according to the rules displayed when placing the order. If the prediction is incorrect, the loss is limited to the contract amount actually paid for that trade.
1. How to trade BASEKX event contracts
1. Enter Event Contracts
Log in to the BASEKX App and tap “Trade” at the bottom to enter the “Event Contracts” page.
2. Select a Trading Asset
Select the crypto asset you wish to trade and enter the corresponding event contract.
3. Select the Expiration Time and Enter the Transaction Amount
Select the corresponding contract expiration time based on your trading plan.
Before placing an order, the page will display the relevant information and potential profit for the trade. Please confirm the amount and relevant information before proceeding to the next step.
4. Select the Trading Direction
Based on your judgment of the price trend at expiration, select:
- Up: You expect the price to rise by expiration
- Down: You expect the price to fall by expiration
5. Confirm and Submit the Order
Confirm the trading asset, direction, amount, expiration time, and other order information.
After confirming that everything is correct, tap “Confirm” to submit the order.
7. Wait for the Contract to Expire
After the order is successfully submitted, wait for the event contract to expire.
During the contract period, you can view relevant market information and order status on the trading page.
8. View the Trading Result
After the event contract expires, the system will automatically settle it according to the applicable settlement rules.
You can view the following in your order history:
- Trading direction
- Transaction amount
- Opening price
- Settlement price
- Trading result
- Profit/Loss
2. Important Notes
The trading result of an event contract depends on the final settlement result of the corresponding event. Before trading, please carefully read the relevant product rules and confirm the trading asset, expiration time, transaction amount, and settlement rules.
Important note: Event contracts are high-risk derivative products, and market prices may fluctuate significantly within a short period. Please ensure that you fully understand the product rules and risks, and participate prudently based on your risk tolerance.
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