【Announcement】The Instruction of Overnight Funding of Bibox Perpetual Contract

biboxIssued on 2019/05/15 20:57    Content based on the original text . Link

Dear Biboxer,


In order to promote the balanced and stable development of the contract market and effectively reduce the risk of contract investment, Bibox decides to adjust the rules of the perpetual contract. From 05/16/2019 on, Bibox will charge overnight funding to all profitable position, the details are as follows:


The system will charge 0.06% of the total value of the profitable positions at 4:00 P.M. every day as overnight funding. The positions that are not profitable and the users with no position will not be charged. Overnight funding will be a part of the Insurance Fund, which is for providing users with better protection.


Thanks for your support on Bibox.



Bibox Team
Official website:https://www.bibox.com/
Bibox Community
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