Dear valued users,
To ensure a rich variety of products for pleasant trading experience, BIB are excited to introduce you our brand new product, Volatility Options.
Time: January 19, 2023 19:30 (UTC+8)
Description: Volatility Options is a simple options trading instrument, in which users are only required to predict the price direction of an asset in a minute correctly to gain high returns.
Rules: Based on the markets of ETH/USDT, users may pick the option of “Within” or “Outside” the price range shown. A user who trades the option of “Within” will win when the settlement price falls within the price range and vice versa.
Profit=Investment Amount*Rate of Return
Loss=Investment Amount
There are THREE situations that could happen during the settlement:
1. When settlement price falls “Within” the range
a. Users who invest in “Within” will win, in which Return=Investment Amount*(1+Rate of Return at the time an order is placed);
b. Users who invest in “Outside” will lose their investment amount.
2. When settlement price falls “Outside” the range
a. Users who invest in “Outside” will win, in which Return=Investment Amount*(1+Rate of Return at the time an order is placed);
b. Users who invest in “Within” will lose their investment amount.
3. When settlement price equals to upper or lower limit of the price range
a. Users will receive their investment amount back in full.
※ BIB reserves the final interpretation of this product.
Risk Disclaimer: There are huge risks involved in digital currency trading, please purchase with caution and pay attention to various transaction risks.
Thank you for your consistent support to BIB Exchange!
BIB Operations Team
January 19, 2023
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