As ATOM (Cosmos) recently launched on BitForex and was highly admired by many global investors. Since the main network transfer function has not been opened at the moment, to stabilize the price better, meet the user's demands, and increase the market volume, BitForex developed the Futures ATOM Physical Delivery.
Campaign period：2019/03/15 24:00 - 3 days after the open transfer, 24:00
Users can borrow ATOM with USDT as the collateral, and trade ATOM/USDT trading pair then return ATOM at any time to retrieve USDT.
- Conversion Ratio: 1ATOM=200USDT
- Maximum amount for borrowing: 500 ATOM
- Latest borrow time: 24:00 at the transfer open day
- Latest return time: 24:00 GTM+8 of the 3rd day after the mainnet opens
1. Users can borrow ATOM with USDT as the collateral, and trade ATOM/USDT trading pair.
2.Loan Ratio: 1ATOM= 200 USDT;
3. Borrow ATOM (Open time: 2019/03/15 21:00(GMT+8) Closing time: 24:00(GTM+8) at the mainnet open date
4. Redeem USDT (Opening time: 2019/03/21 16:00(GTM+8) Closing time: 24:00 GTM+8 of the 3rd day after the mainnet opens)；We will announce the closing time after the mainnet releases the transfers;
5. Failure to return/payback the ATOM borrowed will be considered as an abstention and the user will lose the right to redeem the USDT, ATOM borrowed will be considered as associated user's asset
6.Maxium amount to borrow is 500 ATOM per user;
7. Forced liquidation risk reminder, when the ATOM borrowed value ＞＝ total asset value+ USDT collateral *80%, it will be considered as forced liquidation, the platform will take over the corresponding amount of USDT collateral;
8.0 conversion fee during the event;
9. BitForex reserves the right to cancel or amend the event or event rules at our sole discretion.