To meet market demand, JPEX will launch the following contract zero-fee trading market on June 10, 2022 at 00:00 GMT +8.
The introduction of futures contracts is as follows:
Product Name: BAYC/U Standard Contract MAYC/U Standard Contract
Maximum multiple: 40
Daily calculation: self-settlement when placing an order
Settlement Currency : BAYC / MAYC
Bidding unit: USDT
Maximum order multiple: 50000USDT (inclusive magin)
Transaction fee: 0.1% X Margin
Trading time: 7X24 hours
JPEX launches BAYC & MAYC contract series, up to 40 times leverage
To JPEX users
JPEX applies Asia’s first NFT index project “Red Hare”
JPEX COO Vincent Le is excited to announce
“We will launch the world’s first NFT contract at 00:00 (GMT+8) on June 11, 2022 for platform users to trade with up to 40x leverage.”
Vincent also pointed out that the biggest flaw in the NFT market is that there is no product that can be hedged. This time, the BAYC & MAYC contract is launched in cooperation with REDHARE to provide market investors with innovative products and lower the market entry barrier.
As an industry-leading NFT analytics platform, Red Hare Analytics Ltd. (“Red Hare”) allows investors to make better decisions in the growing NFT market through traditional investment tools such as market indices.
In May 2022, Red Hare launched the first NFT Index (RHNI) in Asia to reflect the performance of the entire NFT market. At the same time, Red Hare also established individual NFT indices for each top NFT project, including CryptoPunks, Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), Moonbirds, Sandbox, etc., to reflect the different works of the project overall performance. Investors can easily track the price trend of the project and choose the right time to buy, hold and sell.
JPEX will expand the coverage of NFT contracts to every well-known blue-chip NFT, aiming to be the world’s largest NFT contract delivery and settlement center.