Announcement from Ouyi regarding the launch of WCT leveraged trading, perpetual contracts, and simple coin earning

Dear Ouyi user: Ouyi will officially launch the WCTUSDT perpetual contract on the web, app, and API at 7:30 pm (UTC+8) on April 15, 2025, and launch leveraged trading and simple coin earning on WCT at 12:00 noon (UTC+8) on April 17, 2025. The detailed rules are as follows: 1、 Leveraged trading and simple coin making *WCT will synchronously open leveraged trading for USDT pairs *Please refer to the description of leverage borrowing position levels for the design of leverage gradient levels after going online *Please refer to the Ouyi Simple Coin Earning Business Rules for the simple coin earning limit after going online 2、 Perpetual contract Contract Introduction: Contract Elements | Details| Underlying Contract | WCT/USDT Index| Settlement cryptocurrency | USDT| Face value of the contract | 10| Price quotation | quote based on USDT price of 1 WCT| Minimum price change (Tick size) | 0.0001| Leverage | 0.01~20x| Funding fee | Clamp (MA ([(contract buy price+contract sell price)/2- spot index price/spot index price - Interest), -1.5%, 1.5%), where Interest is 0. Note: The payment of funding fees is made in the current period| Fee collection frequency (Funding interval) | 4 hours| Trading hours | 7 x 24 hours| Note: The premium when the new contract is launched is relatively unstable. To avoid unreasonable collection of funding fees, the upper limit of the funding fee rate will be calculated at 0.5% before 00:00 on April 16, 2025 (UTC+8). After 00:00 on April 16, 2025 (UTC+8), the upper limit of the funding fee rate will be adjusted back to the normal 1.5% [the actual collection time of funding fees for this period will be 4:00 am on April 16, 2025 (UTC+8)]. If there is a deviation in the price of this contract, the funding rate will be adjusted according to market conditions. In addition, the limit trading rules of WCTUSDT perpetual contract are consistent with other currencies. For details, please refer to the perpetual contract explanation document: USDT margin perpetual contract: Ouyi perpetual contract user agreement Ouyi will continue to provide you with better products and services! Ouyi team April 15th, 2025