Dear Users,
Websea will officially launch the XAI 1-50x U-based perpetual contract on January 23, 2024. Detailed rules are outlined below:
| Name | Symbol |
| U-based Perpetual Contract | XAIAUSDT |
| Launch Time | January 23, 2024, at 15:00 (GMT+8） |
| Underlying Asset | XAI |
| Settlement Currency | USDT |
| Minimum Price Movement | 0.0001 |
| Funding Rate Ceiling | +3.00% / -3.00% |
| Funding Rate Settlement Frequency | Every eight hours |
| Maximum Leverage | 50x |
| Trading Hours | 24/7 |
Note：
· Websea will conduct periodic evaluations based on market risk and may adjust contract parameters, including funding rates, minimum price movements, maximum leverage, initial margin, maintenance margin, and other important parameters, without further announcement.
· This perpetual contract will be governed by the "Websea Terms of Service" and the "Websea Perpetual Contract User Service Agreement."
Websea Team
January 23, 2024
Disclaimer: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Websea is not liable for any losses you may incur. Futures trading, in particular, is subject to high market risk and price volatility. All of your margin balance may be liquidated in the event of adverse price movement. Past performance is not a reliable predictor of future performance. Before trading, you should make an independent assessment of the appropriateness of the transaction in light of your own objectives and circumstances, including the risks and potential benefits. Consult your own advisers, where appropriate. This information should not be construed as financial or investment advice. For more information, see“Websea Futures Trading Risk Warning”
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