Contract Service Agreement

Before using Ulink contract transactions, users should read and abide by this agreement. Users must carefully read and fully understand the content of each clause, especially the corresponding clauses that exempt or limit liability, and choose to accept or not.

Unless the user has read and accepted all the terms of this agreement, the user has no right to use Ulink contract transactions and corresponding services. The user's actions such as logging in, viewing, and publishing information to the service shall be deemed to have read and agree to the constraints of this agreement.

1. Contract service

1.1 The risk of contract trading is very high. As a contract trader, you acknowledge and agree that you should bear the risks of accessing and using contract trading services yourself;

1.2 You should fully understand the risks associated with contract trading and take full responsibility for any trading and non-trading activities on your Ulink account. Do not engage in trading or investment above your financial ability;

1.3 You are fully responsible for knowing the true status of any position, even if Ulink incorrectly displays it at any time;

1.4 You agree to retain a sufficient amount of blockchain assets required by Ulink in your Ulink margin account for users to engage in contract transactions, and to return your loan in full and in time. Failure to maintain sufficient assets may result in forced liquidation of the assets in your margin account;

1.5 Ulink may, at its sole discretion, take measures to mitigate your potential losses on your behalf, including but not limited to transferring your margin account to your exchange account and/or from your exchange account to your margin account;

1.6 During the maintenance period of the Ulink system, you agree to be fully responsible for managing your margin account under risk, including but not limited to closing positions and repaying your loan;

1.7 You agree that you will conduct all transactions, contract transactions and/or borrowing by yourself, and take full responsibility for your activities. Ulink shall not be liable for any loss or damage caused by your use of any service or because you do not understand the risks associated with the use of assets or the risks associated with your use of our services;

1.8 The user agrees that all investment operations performed in Ulink represent their true investment intentions and unconditionally accept the potential risks and benefits brought about by investment decisions.

1.9 Ulink reserves the right to suspend and terminate contract services and take over user positions. When necessary, Ulink platform can suspend, terminate contract services, and take over user positions at any time.

1.10 Due to network delays, computer system failures and other possible irresistible factors, the execution of contract services may be delayed, suspended, suspended or deviated. Ulink will do its best to ensure but does not promise the stability and effectiveness of the contract service execution system. However, due to the above The final execution result of the contract service caused by factors is different from the customer's expectations, and Ulink does not assume any responsibility.

2. Liquidation, Risk Reserve and Maximum Contract Profit

2.1 Liquidation Engine

When the user's position loss reaches 90%, the liquidation engine will forcefully take over the position for forced liquidation;

2.2 Forced Liquidation

When a forced liquidation position is traded at a price lower than the bankruptcy price (a price at which the principal loss is 0), a liquidation surplus will be generated. This part of the surplus will be injected into the risk reserve, and the user will deduct the loss of the liquidation during settlement ；

2.3 Risk Reserve

The risk reserve is established by the platform to provide financial guarantees for maintaining the normal operation of contract transactions and to make up for losses due to unforeseen risks of the platform.

2.4 Position Limit Price Guarantee

The platform will calculate a reasonable opening price relative to the current price according to market conditions, risk reserve status, market depth, etc., so that users can ignore the drastic fluctuations in the market when opening a position, according to the point displayed on the page Billing instantly.

2.5 Contract Maximum Take Profit

By position: The maximum profit rate of the contract is 1000%. After the maximum profit rate is exceeded, the system will take over your position and settle and close the position for the maximum profit rate of the product.

3. Contract prohibitions

3.1 Users are prohibited from using multiple accounts and devices for illegal arbitrage (including but not limited to handling fees, rebates, bonuses, hedging, etc.). The platform will take corresponding measures for users who are detected by the system as illegal arbitrage (including but not limited to banning, freezing assets, restricting login, real-name authentication, etc.)

3.2 In order to ensure the normal trading experience of ordinary users, the platform reserves the right to exercise the following measures for users who are detected by the system to use ultra-short-term transactions (ultra-short-term frequent opening and closing of positions):

     1) Immediately terminate your account and access to our server, and deduct illegal gains;

     2) All transactions that constitute ultra-short-term trading activities are judged to be invalid (that is, the transactions are treated as never happened);

     3) According to our current market prices, close all transactions that constitute ultra-short-term trading activities;

     4) Increase your holding time (that is, hold a position for a period of time before you can close it).

3.3 Ulink strictly prohibits unfair transactions. If you engage in the following behaviors, Ulink reserves the right to exercise executive control over your account at its sole discretion:

     1) Participate in price operations or any other malicious market behavior;

     2) May use loopholes in this service or other unreasonable means to harm other users or Ulink

     3) Participate in any other activities that Ulink deems harmful to the market.

I have read and agreed to the contract service agreement, and agreed to use Ulink Exchange service.