In the latest version of Nami Futures, ECO mode is introduced in which partners' project tokens can be used to pay transaction fee at a discount, along with BTC and USDT as usual. Nami Futures is the first margin trading platform that allows payments with other tokens. Currently, token C98 from one of Nami strategic partner - Coin98 is officially used to pay trading fee on the platform.
Quantity: is the number of contracts that users buy/sell based on specific leverage. For example, user decides to open an order of 1000 Quantity at leverage of 100; margin used will be 1000/100 = 10 Mgn: stands for Margin and is calculated as follow Margin = Quantity / LeverageLimit: is an order to buy or sell for a specific price that you want. For example, current BTC price is 7100 and user wants to buy when the price is 7000 => He/she will open a Buy Limit at 7000. Stop: is an order to buy or sell when the price is over a specific price that user set before. For example, current BTC price is 7100 and user wants to buy when the price reaches 7200 => He/she will open a Buy Stop at 7200. Stoploss: is an order to close a position at a specific price that user set as a maximum loss he/she can bear in order to control and limit loss. Take Profit: is an order to close a position at a specific price that user set as an exiting point in order to protect their profit. Liquidation Price: is the price at which your position is liquidated. The higher the leverage is, the closer liquidation price is to your opening price. Liquidation price is determined by Bitmex as Nami transfers all orders to Bitmex in order to ensure liquidity and protect users’ benefits. ECO Mode: is a default setup in trading fee calculation using tokens or coins from our partners. Transaction fee will be automatically discounted by 20% - 50% and users token balance will be deducted accordingly at the token market price. For example, trading fee in ECO mode is 0.06% = $1, C98 balance will be deducted by 10 tokens at the rate of 1 token C98 = $0.1. Please refer to Nami Futures' Fee Schedule for more details.
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