1. What is an Event Contract?
TEBBIT Event Contract is a fixed-risk trading product based on predicting the future price direction of a cryptocurrency asset.
Users can select a specified cryptocurrency asset and predict whether the price of that asset at the contract’s expiration will have "risen" or "fallen" compared to the price at the time of order placement.
Each event contract represents the user's judgment on the price trend:
· If the prediction is correct, the user will receive the corresponding profit according to the payout ratio displayed on the page at the time of order placement;
· If the prediction is incorrect, the user will lose the contract amount paid for that order;
· The maximum possible loss for a single order is limited to the contract amount of that order, with no need for additional margin and no risk of forced liquidation.
Users can choose to trade in either the "rise" or "fall" direction in TEBBIT Event Contracts.
TEBBIT will periodically adjust the supported trading assets, contract durations, trading amounts, and payout ratios based on market conditions, product planning, user demand, liquidity, and relevant compliance requirements. The actual display on the event contract page shall prevail.
2. Main Features of Event Contracts
1. Simple Operation
Users do not need to set complicated leverage, take-profit, or stop-loss orders. They only need to select the trading asset, contract duration, trading amount, and the direction of rise or fall to submit an order.
2. Fixed Risk
Users can clearly understand the maximum possible loss of the order before placing it. If the prediction is wrong, the maximum loss is the contract amount paid for that order.
3. Clear Profit
When placing an order, the page will display the corresponding payout ratio and potential profit in advance. If the prediction is correct, the system will automatically settle according to the rules displayed at the time of order placement.
4. Automatic Settlement
After the order is successfully submitted, no manual closing is required. At contract expiration, the system will automatically settle based on the opening price, expiration price, and the user's chosen direction.
5. No Additional Margin Required
Event contracts do not use the traditional contract margin call mechanism, so users do not need to worry about being required to add margin due to market fluctuations.