How to place orders

Users have the flexibility to toggle between Degen Mode and Dumb Mode. After selecting Dumb Mode, users can choose the asset and expiration period. Available periods are 60 seconds, 5 minutes and 10 minutes expiration windows and the ROI is 70%, 85% and 88% respectively.

Do take note:

  • The expiration timer doesn't start when you click on the 'Open Position' button. Instead, the countdown commences when the transaction gets confirmed on the blockchain.

  • The entry price displayed on screen only serves as a reference. The actual entry price will be determined by the price point at the moment the transaction confirms on the blockchain.

When opening a long position:

- If the expiry price is greater than the entry price, you stand to make a profit. This will subject to changes based on performance adjustment.

- If the expiry price is less than or equal to the entry price, you will lose your entire principal.

When opening a short position:

- If the expiry price is less than the entry price, you stand to make a profit. This is subject to performance adjustments over time.

- If the expiry price is greater than or equal to the entry price, you will lose your entire principal.

There is a plan to introduce second-level K-line charts. These charts will include a display of your historical positions, providing a more granular view of your trade activities. The K-line charts are graphical representations of price movements and are useful for predicting future price fluctuations based on historical patterns.

Positions

Users can check their holding positions in the "Position" tab on the dashboard as shown below:

When the position has closed, users can check their trade history in the "History" tab on the dashboard.

Although the "Settlement in Progress" status indicates that the position is still undergoing confirmation on the blockchain. In actual, the expiry price and the realised profit and loss (PNL) have been confirmed.

Please be patient as you wait for the transaction settlement to be completed and recorded on the blockchain. The completion of the settlement process depends on the speed of the blockchain. This can be affected due to factors such as network congestion.

Fees There are no open/close fees. Instead, a 6% fee on the principal is charged only on winning trades. This fee is already calculated before ROI.

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