Bityard Crypto Contract exchange platform

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Overnight fee

Bityard has adjusted the rules for charging overnight fee, For the position being held for less than 12 hours, the overnight fee will be waived, For the position being held for more than 12 hours and closed after SGT 05:55:00, The overnight fee will be charged, The previous overnight settings is invalid, After adjustment, the overnight settings will be enabled by default.

The formula for the Overnight fee is:
Overnight Fee=Margin * Leverage * 0.045% * Days

SOurce: Bityard

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How To search Bityard Regulatory License

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Bityard's Risk Management for Traders

1.Prohibited Items for Traders

（1）Traders are prohibited from using multiple accounts to get profit shares by sharing trading activity.
（2）Traders are prohibited from plagiarizing the orders of other traders in any way such as copying other trader's trading strategy.
（3）Traders are not allowed to conduct ultra-short-term transactions.
（4）Traders shall not publish any bad opinions that slander or damage Bityard's reputation.
（5）Traders are forbidden to use multiple accounts for pair trading. Once discovered, they will be permanently disqualified from being Bitget traders.
（6）In order to protect the interests of followers, traders are not allowed to display, disclose or imply social accounts or contact information in information display places such as nicknames and personal profiles.
（7） Traders must not perform malicious operations, including but not limited to malicious transactions that increase the number of followers or qualifications.

2.Relevant restrictions will be enforced depending on the severity of the cases.

（1）Warning
（2）Reduce the weight of the community rankings
（3）Reduce your max. trading leverage or the max. trading volume of all your followers
（4）Disqualification from the copy trader list
（5）Confiscation of the profit share earned from the violation trading
Special note: The system will detect accounts based on an automatic recognition algorithm. Thus, there may be misjudgments. If you do not agree with the decision of the platform, you can contact Bityard customer support to appeal.

3. Traders need to be aware of the following :

（1）Affected by the time-consuming of the system or market factors, there may be situations in which the time and price between traders' order and followers' copy trade is not synchronized.
（2）The relationship with the already-followed traders may be cancelled due to modification of the copy trade function or resource optimization.
（3）The platform has the right to adjust the design of the Copy Trading community rules in accordance with the development direction of the community, including the ratio, the leverage limit , the number of followers, the copy trade-related products.
（4）The platform for outstanding matters reserves the right of final interpretation.

 Source: Bityard

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Announcement on the adjustment of copy trade restrictions

Due to the rapid increase in the amount of copy orders, the current market makers that cooperate with each other cannot guarantee the same trading pairs, at the same time, and the same price to complete the opening and closing positions, also on moving stop loss funtions . The number and amount of orders and the followers on the platform are now restricted below:


1. The maximum copy amount of the platform is adjusted from 400 USDT to 200 USDT
2. The increase in the number of order holders will cause the original user’s maximum order amount to change. See the table below for details.

The actual number of followers   Maximum amount
＞1000                                               5 U
801-1000                                           20 U
501-800                                             50 U
151-500                                             100 U
≤150                                                 200 U

For example: the user set a copy amount of 200 USDT , the current trader’s follower number is 150, then the maximum order amount when placing an order is 200 USDT ; when the trader’s follower number increase to 500 , the actual maximum copy amount is 100 USDT .

3. To provide customers with better services, the Trailing stop function will be suspended from now on and will be relaunched after improvement.

Adjustment date: April 10, 2021 Singapore time.

Sorce: Bityard
 

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Announcement of adjusting the trader's profit share


Bityard will adjust the trader's profit share on Jan 16, 2021 (SGT).
The new trader's profit share would be:

Trader's profit share= net profit * ratio(8% or 10%)
Net profit = order profit-trading fee-O/N fee-gift money

Source: Bityard

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