How to Manage a Contract

You can click on the “Cover Detail” section, which is below the “Buy Now” section to gain the designated guidance for the current contract, or you can read the guidance below for preparation first.

There are 2 ways to apprehend how to manage a cover: price movement or contract-closing situations.

1. In price movement

*Image of an example of information in an insurance contract (Note: Images have price differences due to exchange rate fluctuations)

• When the market price reaches the claim price, You receive the "Claim Amount" paid from the system and the contract is closed.

• When the market price reaches the expiration price, your margin is "Liquidated" and the contract is closed.

• When the market price is between the refund price and claim price, you can "Cancel" the contract and "Refund" the deposit by closing the contract or our system proactively refunds your deposit at the time of expiration.

• When the market price is between the refund price and the expiration price at the expiration time, your margin is liquidated. You can’t close your contract or take any action during the contract period.

2. In contract-closing situations

• Claim

Our system proactively sends the payout to your wallet when the market price reaches the claim price. You don’t need to do anything.

• Liquidation

Your contract will be liquidated in two cases:

1. When the market price reaches the expiry price during the contract period.

2. When the market price is between the refund price and the expiry price at the contract’s expiration time.

• Refund

You can proactively get your margin refunded when the market price is between the refund price and the claim price.

Our system proactively refunds your margin when the market price is between the refund price and the claim price at contract’s expiration time.