Investor Notice:

The innovative second contract trading (hereinafter referred to as "innovative second contract trading") service of digital financial derivatives provided by Coinsharestrading trading platform (hereinafter referred to as "this platform") has certain risks. Therefore, users who open and use the innovative second contract trading service must carefully read and agree to this agreement. Your use behavior will be regarded as a complete understanding and agreement of this agreement and the risks of innovative second contract trading.

Preface

This agreement aims to disclose the investment risks of innovative second contract trading of digital assets to investors and help investors evaluate and determine their own capabilities. In view of the existence of investment risks, investors should read this agreement carefully before trading, and must ensure that they understand the nature and rules of innovative second contract trading, and decide whether to participate in innovative second contract trading based on their own investment experience, goals, financial status, ability to bear risks, etc. Investors should consult financial, legal and other independent professional opinions before applying for innovative second contract trading.

Innovative second contract design concept

Innovative second contract trading is a new digital asset risk hedging financial derivative, which has the characteristics of simplicity, flexibility, and strong operability, providing investors with a new digital asset risk hedging product.
Investors can use innovative second contract trading to execute specific direction transactions under limited and controllable risk exposure; on the premise of clear expected returns, innovative second contract trading also has the characteristics of transaction diversity and potential multiplicity of returns; every time an innovative second contract is purchased, investors also know the amount of possible returns.
As we all know, digital assets are financial derivatives with extremely volatile prices. Among the risk hedging financial derivatives in the current market, such as contract futures, they are restricted by conditions such as fairness, trading volume and time cost, and cannot completely hedge the risks brought by digital asset price fluctuations.
Innovative second contract trading not only has the risk management and portfolio investment advantages of the nonlinear profit and loss structure of second contract trading in the traditional financial market, but also combines the characteristics of digital assets to provide investors with professional risk management strategies in high-risk markets in all aspects.
Innovative Second Contract Trading Rules

1. The innovative second contract uses the relevant prices of 5 well-known digital asset exchanges in the world to generate the mark price of the corresponding currency. The index composition and weight are as follows:

Trading platform     Weight ratio     Benchmark unit
Binance        20%          USDT
Kraken         20%           USD
Okex            20%           USDT
Huobi          20%           USDT
Coinbase     20%           USD
2. The prerequisite for the mark price to take effect is: the effective weight exchange ≥ 3, otherwise it will be deemed invalid. This platform will modify the index composition and weight from time to time based on the real-time transaction data of the five major exchanges to ensure the validity and fairness of the data, and will publicize it by issuing an adjustment announcement. Note: This platform will issue an adjustment announcement for any changes in the index composition and weight of the mark price in the innovative second contract transaction.

3. Since the price accuracy of the five major exchanges is not unified, the system stipulates the price accuracy of the second contract products. If the price accuracy of a certain exchange is inconsistent with the system agreement, the decimal point rounding method is uniformly adopted. For example: the price accuracy of the BTC second contract is 2 digits. If the price of a certain exchange is 9000.1234, then after processing, the price involved in the effective calculation is 9000.12.

4. The current second contract cycle: divided into 30 seconds, 60 seconds, 75 seconds, 90 seconds, 120 seconds, and 180 seconds.

5. Yield:

The expected yield of the second contract will be clear when investors purchase innovative second contracts.

Users can hedge market risks on demand on the premise of determining the expected yield.

For example: Buy 100USDT120 seconds BTC long second contract, the yield is 75%, if the second contract delivery result is an increase, the income is 175USDT (including principal).

6. Delivery time: GMT time 0 o'clock is the start of the second contract on the day.

For example: the start time of a 1-minute second contract is 00:00:00, the delivery time is 00:01:00, and so on.

7. Purchase time

For example: the start time of the current 1-minute second contract is 00:30:00, the delivery time is 00:31:00, and so on.

8. Abnormal situation handling: If data acquisition fails due to network delays or interruptions, data abnormalities of third-party exchanges, or data calculation errors occur due to abnormal trading systems, etc., such situations may cause the second contract transaction to fail to complete the delivery. You understand and agree that the second contract transaction affected by the above situation will be deemed as an invalid transaction, and the digital assets used to purchase the above second contracts will be returned to the user's trading account free of charge.

9. Amount limit: Each currency has a minimum purchase amount and a maximum purchase amount limit. The specific amount limit is subject to the actual transaction page.

10. Delivery results: Coinsharestrading Exchange will implement the following innovative second contract transaction delivery judgment criteria from 00:00 (GMT+8) on May 28, 2020:

Delivery second contract           Bull                           Put
30S           |Increase|＞0.01%            |Decrease|＞0.01%
60S           |Increase|＞0.015%              |Decrease|＞0.015%
75S           |Increase|＞0.045%              |Decrease|＞0.045%
90S          |Increase|＞0.06%              |Decrease|＞0.06%

120S          |Increase|＞0.075%              |Decrease|＞0.075%
180S          |Increase|＞0.095%              |Decrease|＞0.095%
The types of innovative second contract transactions available at present are call and put. After the adjustment of the judgment standard, the judgment standards for the rise, fall and flat of different delivery periods will be different. Please refer to the above table.

Call: The price of the corresponding currency has increased relative to the beginning of the delivery of the session, and the absolute value of the increase exceeds the proportion shown in the table;

Put: The price of the corresponding currency has decreased relative to the beginning of the delivery of the session, and the absolute value of the decrease exceeds the proportion shown in the table;

Note: For those who bought second contracts before the implementation of this new standard, the delivery and settlement will still be carried out according to the original rules.

Existing risks

1. Risk of price fluctuations

As a special digital asset financial derivative with investment value, the price of innovative second contract trading is affected by many factors and fluctuates violently. It is difficult for investors to fully grasp it in actual operation. Therefore, there is a possibility of investment mistakes. If the risk cannot be effectively controlled, it may suffer a large loss. Investors must bear all losses caused by this alone.

2. Trading risks

(1) Once the transaction submitted by investors in the trading system of this platform is completed, it is irrevocable. Investors must accept the risks that may arise from this method.

(2) This platform will not make profit guarantees to investors, and will not share profits or share any risks with investors.

3. Policy and regulatory risks

Innovative second contract trading may face policy and regulatory risks in different countries or regions. Investors should understand the regulatory policies of the trading region before trading and make prudent judgments on this premise.

4. Other possible risks

(1) The relevant trading rules of innovative second contract trading, including but not limited to index composition and weight adjustment, expiration time, product rules, etc., may be modified according to the actual business operation. If the platform needs to modify the relevant trading rules due to special circumstances, it will be deemed to have fulfilled the obligation to inform after the adjustment announcement is released. Users need to review and adjust their trading strategies in a timely manner. Any gains or losses generated or may be generated as a result shall be enjoyed or borne by the users themselves.

(2) There are also risks in using the Internet-based trading system, including but not limited to the failure of software, hardware and Internet links. The platform cannot control the reliability and availability of any Internet, so the platform will not bear any responsibility for network distortion, delays and link failures.

(3) All transaction calculation results will be verified by the platform, and all calculation methods have been publicized on the website of the platform, but the platform cannot guarantee that the use of the website will not be disturbed or error-free.

Special Notes:

1. Innovative second contract trading is a highly risky digital asset financial derivative. Before participating, investors must thoroughly understand the basic knowledge and related risks of financial derivative trading and all relevant business rules for participating in innovative second contract trading, carefully read and agree to the "Coinsharestrading User Agreement" and "Innovative Second Contract Trading Agreement", and are aware of and fully bear all trading risks brought about by the strong fluctuations in digital asset prices.

2. The above risk items are only for enumeration purposes and fail to list all risk factors related to digital asset derivative trading in detail. Before participating in digital asset derivative trading investment, investors should also carefully understand and master other possible risk factors. If, based on reasonable business judgment, this platform believes that you have violated this agreement, or you are not allowed to use the services provided by this platform according to the laws of your country or region, or you use the services provided by this platform to engage in illegal activities, this platform has the right to temporarily or permanently freeze your account at any time, or suspend or terminate your use of all or part of the digital asset trading services provided by this platform.

3. The prerequisite for the mark price to take effect is: the effective weight exchange is ≥ 3, otherwise, the second contract transaction may not be completed. You understand and agree that the second contract transaction affected by the above situation will be deemed as an invalid transaction, and the digital assets used to purchase the above second contracts will be returned to the user's trading account free of charge. This platform will modify the index composition and weights based on the real-time transaction data of the five major exchanges from time to time to ensure the validity and fairness of the data, and publicize it by issuing adjustment announcements.

4. Any opinions, news, discussions, analysis, prices, suggestions and chat room content, information, and KOL articles on this platform are general market comments and do not constitute investment advice. This platform does not bear any direct or indirect losses caused by any user's reliance on such information, including but not limited to any loss of profit.

5. It is prohibited to use this platform for any unethical or illegal trading activities such as malicious market manipulation and unfair trading. If such incidents are found, this platform will take preventive protection measures such as warnings, trading restrictions, and account closures against all users who maliciously manipulate prices, maliciously affect trading systems, and other unethical or illegal activities, and will not bear all responsibilities arising therefrom, and reserves the right to hold relevant persons accountable.

6. Monitoring transactions

This platform will set and adjust the daily transaction and withdrawal limits based on security and actual trading conditions;

If transactions frequently occur in a certain registered user, or there is an unreasonable situation in a certain transaction or certain transactions, the professional team of this platform will evaluate and determine whether they are suspicious transactions;

When this platform determines that a certain transaction or certain transactions are suspicious transactions based on its own judgment, this platform may take restrictive measures such as suspending such transactions, rejecting such transactions, or even revoking such transactions that have occurred, and report to the competent authorities without further notice;

This platform reserves the right to reject registration applications from investors from jurisdictions that do not meet international anti-money laundering standards or who may be considered political public figures. At the same time, based on its own reasonable business judgment, this platform reserves the right to suspend or terminate any suspicious transactions at any time without assuming any responsibility or obligation for this.