1.Product Description

Product: Algorand Call Option

Token Name: ALGOMMDDCXXX

 

2. Project Introduction

ALGOMMDDCXXX is a derivative product of Algorand. Specifically, it is an Options Call contract. This contracts value is derived from the underlying price of the spot market price of Algorand.

The Algorand Call Option allows the buyer of the contract to benefit from the potential price rise of Algorand. The buyer pays the premium, and he/she has the right to obtain the difference between the strike price and the settlement price of Algorand on the maturity date (if the difference is negative), otherwise no payment will occur. All transactions are settled in USDT.

2019/MM/DD – Refers to the expiration date of the Contact

C – Refers to a Call

XXX – Refers to the Strike Price



3. Contract Info

Contract Size: 100 ALGO of Options per Contract

Position Limit 100

Tick Size: 0.001 USDT

Settlement Token: USDT

 

4.Support links

Official Rules: https://bxb.io/more/tutorials/365-crypto-trading-pair-and-crypto-options