1.TJEX made its first attempt at the "futures trading insurance mechanism operation model". If a user participates in this model before their order transaction occurs, if there is a loss on the order, the platform will return 1% of the loss amount to the user every day. At the same time, it will charge 10% of the "loss amount" or "winning amount" based on the result of "loss" or "winning". For example: If this order makes a profit of 100U, 10U will be charged. Conversely, if it loses 100U, 10U will also be charged.
2. "Futures Trading Insurance Mechanism Operating Model" is applicable only to futures trading participants. Under this model, the system will lock 10% of the available assets in the position as an insurance reserve fund.
3. Futures Insurance Fund Pool: This fund pool is composed of 30% of the platform's transaction fees, insurance income, and the remaining funds obtained from the platform's token repurchases and destruction.
4. Covers more than 20 major cryptocurrencies including BTC and ETH.