Event period: 2021/12/30 15:00 - 2022/01/05 15:00 (GMT+8)
- Within 24 hours of the event, the first order placed by a user at BitForex within the price range of $11-$15 is considered an insured order, based on the current market price of AURY at $12.9, and the system will take a snapshot of the first order and record it.
- If the price of AURY falls below $7.60 during the event period after the insurance contract has taken effect, the user will be reimbursed 30% of the total loss of the insured order, up to a maximum of $500 equivalent AURY tokens compensations for per user.
- If the price of AURY exceeds $19.60 during the event period, the insurance will automatically expire.
- Insurance compensation is based only on the volume of the first order (insured policy) placed by each user.
- Users are free to add or subtract positions after the first order is placed, and the amount of positions held in the account during the event period cannot be lower than the amount of the first order (first insurance policy), otherwise, the insurance contract will automatically expire.
- If the insurance contract is in force, BitForex will pay out 5 working days after the end of the event.
- BitForex reserves the right to the final explanation of the event.