What is perpetual contract?

What is Perpetual Contract？

Perpetual Contract is an original cryptocurrency derivative pioneered by KKcoin, designed and managed fully by our team of experts. It allows for margin trading (i.e. leverage) where traders are able to close their position on a same-day basis or choose to extend, giving users an entirely new trading experience.

Example:

Take BTC01 (0.1 BTC/Lot) where price is currently at 6000 USD and Margin rate% at 10%, a normal buy order of 1 Lot will require 60000.11 = 600 USD.

Using margin (leverage trading), traders will only require 60000.11*10% = 60 USD.

The remaining 540 USD is guaranteed by the platform - no need for funding and no interest rate. Such margin (leverage) trading maximizes use of funds to capture market opportunities.

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