OKEx Announces Updates on Perpetual Swap Trading

New steps for OKEX

OKEx, a Malta-based world-leading digital asset exchange recently announced two updates on its Perpetual Swap Trading. These two updates are the launch of TRON (TRX) Perpetual Swap on and OKEx app, and the increase of ETH and EOS Perpetual Swap available leverage level, so as to enhance users’ trading experience.

OKEx offers comprehensive digital assets trading services including token trading, futures trading, perpetual swap trading and index tracker to global traders with blockchain technology. It is a world-leading digital asset exchange which is headquartered in Malta. The platform provides a stable, safe and reliable, environment for digital asset trading, serving millions of customers from over 200 countries and regions. At the moment the exchange offers over 400 token and futures trading pairs enabling users to optimize their strategies.

OKEx has launched TRON (TRX) Perpetual Swap and in addition to this, the new TRX perpetual swap offers a contract face value of US$10, the minimum price interval being set at US$0.00001. Further similar swaps are expected to be launched in the near future to continue with this success. The perpetual swap features a leverage of 1-20x.

However, users should understand the risk involved when trading TRX swaps as Tron (TRX) is more volatile comparing to other digital assets. If airdrops or TRX Hard-forks happen, this will affect the subject and the index price of the swap. OKEx will then evaluate the situation and decide whether any adjustments on the swap are necessary (e.g. maintenance margin ratio, funding fee, etc.). They also reserve the right to early deliver/settle the TRX perpetual swap when deemed necessary.

OKEx Increased ETH and EOS Perpetual Swap Available Leverage Level and with the new adjustment on the leverage level, traders can now choose up to 100x leverage on ETH and EOS Perpetual Swap. OKEx is the first mainstream exchange platform that offers such high leverage.

High leverage level can significantly increase the risk of being force-liquidated although it can greatly increase profits, as well. Traders are encouraged and take into consideration according to experience, objectives before placing orders to fully understand the risk involved.

Contracts will be settled and funding will occur every 12 hours, at 03:00 and 15:00 daily (CET, UTC+1). The funding mechanism adopted aims to keep the Perpetual Swap market price in line with the Spot Index Price, which is constructed from the weighted average of the market prices of OKEx, Binance and Huobi.

Funding rate = Clamp (MA ((contracts best buy price + contracts best sell price) / 2-spot index price / spot index price – interest), -0.2%, 0.2%)

la blockchain migliora le infrastrutture negli stati uniti

How can the blockchain technology improve United States infrastructure?

One of the primary objectives of the current administration of the United States of America, is to renew the country’s infrastructure. They mainly talk about inland waterways, fundamental for the transport of basic necessities such as wheat, steel, coal, and oil products.

Recently, the blockchain technology has been introduced in the debate on infrastructure policies as one of the new crucial solutions.

In which way can the blockchain technology improve American infrastructures?

The Federal Government has already started to invest in possible applications of the blockchain technology, to streamline the infrastructure renewal process.

Last year, the State of Utah has approved the contract from Petroteq Energy, which integrates the blockchain in its operations.

Other companies that follow the same path are 360 Blockchain, BTL Group, Hive Blockchain Technologies and Marathon Patent Group.

The advantage of the blockchain lies in its decentralized and publicly distributed nature
Accounting transactions via digital currency, but also patents, or other physical objects, like buildings.

The blockchain also allows the fragmentation into small  parts of the possession of material assets, making it easier to track down their owners.

The potential of the blockchain in the infrastructure field

Another great potential of this technology is that to open any kind of investment to the average user.
Example: a new toll bridge could be fully financed by individuals, who would receive a portion of the toll proportional to their investment.

At the moment, this type of public-private partnership (the so called PPP), are not yet available to individual citizens.
But when this will be possible, all citizens will be able to finance motorways, stadiums, parking lots and other kinds of infrastructures.

Relying on more local donors would also mean having more people interested in the evolution of the project, and a greater accountability.

In addition, local governments and building companies could use the blockchain to track purchased materials, permits and contracts.

The power of transparency

According to Andrew Lindsey, strategist for Alpha Corporation:

The blockchain makes it possible to have an immediate, encrypted and non-manipulable “ledger” of the flow of documents involved in the construction contract.

It would be possible, for example, to precisely identify where the materials are and when they will arrive. This would mean planning, cost estimates and, most generally, engineering process stages that will all be more precise.

And since the blockchain’s “ledger” would be accessible by everyone, the companies and officers responsible to the project wouldn’t be able to blame the delays on suppliers.

Those responsible for problems and delay in infrastructure projects, could be easily identified and called to respond.

Infrastructures are a fundamental field for the economic growth, but so far the United States use financial and construction processes that have not proven efficient.

The blockchain technology will not solve all problems, but it surely has the potential to make a big difference.