1. Product Features
Low threshold
No need to learn professional terms, get started quickly, and quickly open positions; trade multiple targets, all settled in USDT
Fair and just
The price of the transaction target comes from the weighted synthesis of well-known exchanges to avoid losses due to price deviation or manipulation
Low cost
10 USDT to open a position, no loan interest, no funding rate, no overnight holding fee and any other fees
High profit
Support buying up and down, two-way trading, both ups and downs can be profitable; the maximum leverage is 500 times, and the profit is magnified by 500 times
2. Trading rules
3. Fee schedule
Opening fee: opening principal *Leverage multiplier * opening fee rate, included in the position profit and loss
Closing fee: opening principal * Leverage multiplier * closing fee rate, included in closing profit and loss
4. Buy Long Example:
Buying at a low price and selling at a high price.
5. Sell Short Example:
Selling at a high price and buying at a low price.
6. Automatic Position Reduction:
When the risk protection fund is unable to take over the position of the user who has penetrated the position, the counterparty will close the position. 8V cryptocurrency exchange will try to avoid the occurrence of this situation as much as possible, for example, through Fill and Kill , to minimize the impact of the counterparty’s liquidation. Due to the high volatility of the digital currency market, and the high leverage of hyper leverage, it is still possible for this to happen. In order to provide the best user experience, we do our best to reduce the possibility of this happening.
When a counterparty liquidation occurs, we will immediately notify the affected users. At this time, the user’s position will be closed at the bankruptcy price. After the counterparty closes the position, the user can reopen the position at any time.
It should be noted that the bankruptcy price may not be within the market transaction price range ;
The user’s position in the priority order is calculated based on the user’s profit and leverage. Usually, traders with more profit and higher leverage will be the first to be liquidated. Specifically, users will be ranked based on their margin ratio and the percentage of their unrealized P&L as collateral. This ranking is called “LeveragePnl” , calculated as: unrealized profit and loss / margin * margin ratio. For the specific formula, see the end for details.
Under this calculation, users are sorted according to their leveraged returns. When the counterparty closes the position, the user will receive a notification of the liquidation amount and liquidation price. Users are able to re-enter immediately after being automatically deleveraged.
- Profit and loss ratio = Max ( 0 , unrealized profit and loss) / Max ( 1 , account balance)
- If (account balance + unrealized profit and loss) ≤ 0 , then margin rate = 0
- If (account balance + unrealized profit and loss) > 0 , then margin rate = maintenance margin / (account balance + unrealized profit and loss )
- Leverage income = Margin rate * Profit and loss percentage
- Sorting range of leverage income = ranking ( user leverage income ) / total number of users
8V official website: https://8V.com and https://8V.com/info
Android Google PlayStore download (not applicable to UK IPs): https://play.google.com/store/apps/details?id=com.royallyborn.v8&hl=en
Android Standalone installation package: https://static.aws-s1.com/app/8v_1_3_0_s.apk
Apple iOS standalone installation package: https://get.8v.com
Samsung GalaxyStore download: https://galaxystore.samsung.com/detail/com.royallyborn.v8