Product: ETH Put Option
Token Name: ETHMMDDPXXX
2. Project Introduction
ETHMMDDPXXX is a derivative product of Ethereum. Specifically, it is an Options Put contract. This contracts value is derived from the underlying price of the spot market price of Ethereum.
The ETH Put Option allows the buyer of the contract to benefit from the potential price decline of Ethereum. 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
XXX– Refers to the Strike Price
3. Contract Info
Contract Size: 0.1 ETH of Options per Contract
Position Limit 1000
Tick Size: 0.001 USDT
Settlement Token: USDT