MXC Global released the announcement of launching coin-margined (reverse) contract on October 26. After steady iteration, MXC Global contract has innovated in several aspects such as transaction depth, price transparency, quick position closing and rich transaction currency, forming a certain degree of stickiness between products and users.
MXC Global contract is indeed outstanding in the following aspects:
1. Transparent liquidation price and clearing in reasonable price. The reasonable price adopts the spot weighted average value of multiple platforms. This means even if there is a price pin on the platform, the liquidation will not happen on users.
2. Good depth performance, especially the depth of the first few grades, which is thick enough. In addition, the depth distribution of the first 15 grades is relatively uniform.
3. Convenient lightning closing, reducing the operation delay in the big market.
Peter F. Drucker, the father of modern management, said, “the success of an organization depends not on production but on users. “
Every achievement MXC Global has achieved now is a link formed with users. We can see clearly that all innovation and actions of MXC Global are carried out around users, which is almost all the connotation of MXC Global long-term business philosophy.
01MXC Global Launched the Reverse Contract
Currency standard contract, also known as reverse contract, is a contract settled by digital assets such as BTC and eth. MXC Global Matcha currency based perpetual contract supports 1–100 times of leverage, and the first batch of hot currencies such as BTC, ETH, fil will be launched.
Forward and reverse contract has their own characteristics respectively. Forward contract, i.e. USDT-margined contract, refers to the contract in which profits and losses are calculated in USDT. Transfer USDT into the contract account to open the position and gain profits or pay losses in USDT after closing the position. The reverse contract is in coin-margined settlement. If the crypto price rises when goes long, users will gain both contract and spot incomes. Otherwise, users will suffer double losses.
On the other hand, token holders can also use their digital assets for contract trading without giving up their spot chips.
02MXC Global Derivatives Innovation
1. With high-quality trading depth, users are able to conduct more and faster transactions in the big market.The trading depth of contracts is an important dimension of the contract trading platform for users. MXC Global contract has great transaction depth. The depth of the first few orders is good enough, especially for the first buying order and selling order. Through the comparison of the actual first buying and selling orders in the order book, it is found that: just like the depth of MXC Global perpetual contract, every 10000 BTC contracts are equivalent to the depth of one BTC, as we can see there are 42 BTC for the first selling order and 32 BTC for the first buying order. Moreover, within 15 grades, the depth of the order book is evenly distributed.
In this regard, there are block trade users participating in the transactions on MXC Global with a pretty large amount of orders. On the other hand, it also shows that the sliding point of opening the position on MXC Global is very small and the trades are finished fast. Especially when the big market comes, it is very important for the contract trading to complete the trades quickly and as much as possible.
2. Transparent contract price to avoid industry pins and keep the trading security for users.For contract products, one important point users focus on is the price transparency without malicious random pins. Currently, the price of MXC Global contract products are of transparent price without industrial pins and adopt the reasonable price for clearing. The reasonable price, derived from the index price, is in essence from the spot prices of multiple platforms calculated by weighted average algorithm.
For example, the reasonable price of BTC perpetual contract comes from trading platforms such as Binance, Huobi and OKEX. This information can be checked and calculated in the announcement and official “contract information”. Therefore, MXC Global is absolutely transparent in terms of the liquidation price.
What’s more, due to the usage of reasonable price to calculate the clearing price, even if there are super large-volume trading orders on the platform resulting in excessive price deviation, that is, the so-called “pin phenomenon”, users will not suffer the liquidation losses since the reasonable price is different from the market price on the platform.
3. Lightning contract closing allows users to strive for the best market price to close positions.In the field of contract trading, there are many platforms needing to check the position holding in the contract trading interface. The lightning position closing can only be conducted in the interface of position holding. More importantly, the transfer from the contract trading page to the position closing page needs skip and new page loading. If a new page needs to be loaded, the server needs to be reloaded with the occupation of broadband. However, in the big market, the more things need to be loaded, the more stuck the interfaces will be, the more steps are required to convert the position closing, and the longer the delay will be.
In contrast, the design of MXC Global is very rational, which can reduce the operation steps and delay of closing positions for users and help users to strive for the optimal market price for closing positions when the big market is coming.
4. Rich kinds of trading cryptos to meet the contract demands of mainstream and popular cryptos.At present, MXC Global contract has the most abundant trading cryptos in the whole market. In addition to the mainstream cryptos, it also supports more than 50 kinds of concept cryptos such as Polkadot, DeFi and storage, which possesses high asset utilization and fully meets the needs of different users. In other words, MXC Global contract is able to meet the contract requirements of every mainstream and popular crypto users at the variety level. In this area, MXC Global is almost seamlessly connected with the market.
The product manager of MXC Global said that the product logic and technical logic of contract products are actually quite complex, but they all have to be based on a principle, that is, how to take users as the starting point and keep a great risk control. Compared with product logic and technology implementation, the logic of risk control is the most sophisticated.
With fast speed, iteration, new demands, user expectations, steady process and user-oriented and friendly attitude, every innovation MXC Global has made in the derivatives market and the innovation for users are worthy of the respect and preference of users. This is exactly the reason why MXC Global is so popular with users.
With stability and modesty in coexistence, MXC Global is still the one users are familiar with.
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