Author | Qin Xiaofeng

Editor | Hao Fangzhou

Produced | Odaily

according toAuthor | Qin XiaofengEditor | Hao Fangzhou

Produced | Odaily

according to

Official announcement, at 11 o'clock this morning Beijing time, the web version of the new version of the MXC Matcha perpetual contract, and the official version of the APP will be launched at 11 o'clock on June 8.

The official reminds users that the original contract entrance on the web will stop accessing at 20:00 on June 11. Users of the original contract must close their positions in time and transfer assets to the currency account before the corresponding time; if they fail to close their positions in time and When the transfer is made, the platform will automatically close the position and settle the position according to the market price, and transfer the assets to the currency account; the unexecuted order will be automatically canceled by the system.

What is the novelty of the new version of the contract, Odaily experienced it for the first time.

Conclusion: Compared with the original version of the contract, the new version of the contract has been upgraded in terms of functions, performance, risk control, etc., and has been optimized and improved for product details. user friendliness.

secondary title1. New function: free adjustment of leverage

The first highlight of the new version of the contract function is that the leverage can be adjusted freely, and the leverage can still be adjusted after placing an order in the isolated margin mode.

In the original contract of MXC Matcha, users can only choose three leverages: 20, 50, and 100 times of isolated positions.

Under the conditions of isolated positions in the new version of the contract system, users can modify the leverage multiple,

In the new version of the contract, the original "Maker Only" function is renamed "Post Only". The order placed by the user will not be executed immediately in the market, and the order is always guaranteed to be a Maker (pending order); if the order will be immediately executed with the existing order, then the order will be cancelled.

Under this strategy, users, as liquidity providers, can enjoy low handling fees; if the handling fees are negative, they can also achieve positive profits.

In addition, the new version of the contract has added an IOC function, that is, if all orders cannot be completed, the rest will be cancelled. For example, a user placed an order for 100 bitcoin contracts at USD 9,500. If only 50 contracts are sold in the end, the remaining 50 contracts will be canceled and destroyed by the system immediately. The advantage of this is that users can trade orders at a better point, share the average price, and obtain higher profits.

The new version of the contract also has a special function, which can "put out a stop-profit and stop-loss order at the same time". In most contract exchanges, stop profit and stop loss can only be chosen one of the two, not both. The new version of MXC Matcha contract "Put profit and stop loss orders at the same time", can help users lock in profit margins and loss margins at the same time, and avoid the risk of pinning up and down.

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2. New risk control: adjust index price + prompt riskThe risk coefficient of contract trading is high, and the risk control measures of the exchange will directly affect the vital interests of investors.

At present, the most common chaos in contract trading is "pin insertion". Taking the market on June 2 as an example, the lowest price of BTC on BitMex was 8600.5 US dollars, while the lowest price of the three major exchanges and MXC was above 9200 USDT.

In addition to being affected by the depth, the pin insertion is also related to the sample anchored behind the exchange price index. BitMex's BTC price index is selected from the average of the three spot prices of Coinbase, Bitstamp, and Kraken.

For the BTC price index of MXC Matcha, the spot price of Bitcoin from 6 exchanges is selected.

, namely: Coinbase, Bitstamp, Binance, Huobi, OKEx, Bitfinex. If the spot price of an exchange deviates from the median of all exchanges ± 3%, the spot price of this exchange will be calculated according to the median ± 3%; if the market data of an exchange is updated slowly for a long time or the price deviates, this will be excluded The spot price data of the exchange; if the data quality of the deleted exchange is restored, its original data weight will be restored.

In addition, we found during the experience that MXC Matcha also set up multiple risk control reminders during user operations. For example, when a user's position leverage is high, the system will remind the user to lower the leverage multiple; when the user places an order, if there is a large deviation from the current price, the system will also remind the user that there is an abnormal price, so as to prevent the user from placing the wrong order and causing losses.

At the same time, the new version of the contract is also upgraded on the risk limit. The risk limit of the original contract is only 1 million USDT, and the new version of the contract becomes 2 million contracts (about 2 million USDT). Moreover, the risk limit of the new version of the contract is also adjustable, with a maximum support of 6 million contracts, which is convenient for professional investors to carry out various transactions. operate.

Professional contract trading is inseparable from strong technical support.

MXC Matcha said that in terms of performance, it will focus on system optimization of the speed of data processing by the matching engine to enhance the stability of the contract system. At the same time, the matching efficiency of contract transactions will also be greatly improved.

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3. New future: Can MXC matcha stand out?

Throughout the experience, my biggest feeling is that the new version of the contract is more user-friendly. For example, a "novice guide" is set up to help users get familiar with the entire operation interface; when the user places the mouse on a button, the system will automatically pop up its specific function.

Behind the details are repeated technical tests and continuous user experience optimization.

Before the new version of the contract was launched, MXC launched a new version of the perpetual contract simulation disk, calling on users to conduct simulated transactions. In addition to participating in the simulated trading experience competition to win prizes, users can also submit bugs and suggestions they find to MXC Matcha. The platform also evaluates user suggestions and issues corresponding rewards.

Finding and solving problems is the only way for the continuous improvement of products. Before the launch of the new version of the contract product, the technical and product teams of MXC Matcha also conducted product function tests and simulated the actual situation many times.

CypherMoney once commented on MXC Matcha in the "Investigation Report on 17 Global Potential Exchanges": user-friendly page layout and color matching, many innovative gameplays, the fastest product follow-up, good depth, etc.

Finally, back to the ultimate question: With the above advantages, can the MXC Matcha contract stand out?