Dear Nami Community,
In order to improve the trading experience of users, from 07:00 on August 2, 2022 (UTC), Nami updates the Margin Call (*) mechanism and the Stop Loss price adjustment with Nami Futures and ONUS Futures, specifically as follows:
- Margin Call will be sent to users at a 70% negative profit mark (10% reduction from 80% negative profit mark as before).
- When a position has 80% negative profit, the user will not be able to change the previously set Stop Loss price level or set a new Stop Loss price.
What users should note with these changes:
- Always set Stop Loss with all positions to minimize the risk of orders being liquidated
- Upon receiving the Margin Call, quickly adjust or set the Stop Loss price for the open orders or add more margin to the positions to avoid liquidated
- When the position has 80% negative profit (or more), consider to close the order manually to avoid the position being liquidated, otherwise users can consider adding more margin to reduce the negative profit and adjust new SL.
(*) Margin Call is a warning sent to users when a Futures position has a negative profit at a dangerous rate, users need to closely monitor the position and make adjustments to avoid being liquidated.
Best regards,
About Nami Corporation
Nami Corp. is a FinTech startup operating in the field of Investment and Technology based on Blockchain technology. Over the years, Nami has developed an ecosystem of key products and services to comprehensively support investors, optimize community benefits with the slogan “Change mindset, make giant steps”.
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