Product: Binance Coin Call Option
Token Name: BNBMMDDCXXX
2. Project Introduction
BNBMMDDCXXX is a derivative product of Binance Coin. Specifically, it is an Options Call contract. This contracts value is derived from the underlying price of the spot market price of Binance Coin.
The Binance Coin Call Option allows the buyer of the contract to benefit from the potential price rise of Binance Coin. The buyer pays the premium, and he/she has the right to obtain the difference between the strike price and the settlement price of Bitcoin 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: 1 BNB of Options per Contract
Position Limit 100
Tick Size: 0.001 USDT
Settlement Token: USDT