Product: Bitcoin Put Option
Token Name: BTCMMDDPXXXX
2. Project Introduction
BTCMMDDPXXXX is a derivative product of Bitcoin. Specifically, it is an Options Call contract. This contracts value is derived from the underlying price of the spot market price of Bitcoin.
The BTC Put Option allows the buyer of the contract to benefit from the potential price rise of Bitcoin. 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 positive), otherwise no payment will occur. All transactions are settled in USDT.
2019/MM/DD – Refers to the expiration date of the Contact
P – Refers to a Put
XXXX – Refers to the Strike Price
3. Contract Info
Contract Size: 0.001 BTC of Options per Contract
Position Limit 1000
Tick Size: 0.001 USDT
Settlement Token: USDT