Investor Notice:
The digital financial derivatives innovative option trading (hereinafter referred to as "innovative option trading") service provided by the CRYPTO198 trading platform (hereinafter referred to as "the platform") has certain risks. Therefore, users need to open and use innovative option trading services. Carefully read and agree to this agreement, your use will be deemed as a complete understanding and agreement of this agreement and the risks of innovative option trading.
foreword
This agreement aims to reveal to investors the investment risks of digital asset innovative options trading, and to 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 option transactions, and based on their own investment experience, goals, financial status, risk-taking ability, etc. Participate in innovative options trading at your own discretion. Investors should seek financial, legal and other independent professional advice before applying for innovative option trading.
Innovative option design concept
Innovative option trading is a brand-new digital asset risk hedging financial derivative, which has the characteristics of simplicity, flexibility, and strong operability, and provides investors with a brand-new digital asset risk hedging product.
Investors can use innovative option trading to execute transactions in a specific direction under limited and controllable risk exposures; under the premise of clear expected returns, innovative option trading has the characteristics of transaction diversity and potential income multiples; each purchase When investing in innovative options, investors also clearly know the amount of income that may be obtained.
As we all know, digital assets are financial derivatives with extremely violent price fluctuations. Among the risk hedging financial derivatives in the current market, such as contract futures, due to the limitations of fairness, transaction volume and time cost, digital assets cannot be fully hedged. Risks arising from price fluctuations.
Innovative option trading not only has the risk management and portfolio investment advantages of the non-linear profit and loss structure of options 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.
Innovative Options Trading Rules
1. The innovative options use the relevant prices of 5 well-known global digital asset exchanges to generate the mark price of the corresponding currency. The index composition and weight are as follows: 
Trading platform Weight ratio Benchmarking unit
Binance 20% USDT
Kraken 20% USD
Okex                                      
Huobi 20% USDT
Coinbase 20% USD
2. The prerequisite for the mark price to take effect is that the effective weight exchange is ≥ 3, otherwise it will be deemed invalid. The platform will modify the index composition and weight according to 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. Note: The platform will publish an adjustment announcement for any changes in the index composition and weight of the marked price in innovative option trading.
3. Since the price accuracy of the five major exchanges is not unified, the system stipulates the price accuracy of option products. If the price accuracy of an exchange is inconsistent with the system agreement, the rounding of decimal places will be adopted uniformly. For example: the price precision of BTC options is 2 digits, if the price of an exchange is 9000.1234, then after processing, the price participating in the effective calculation is 9000.12.

4. Current option period: divided into 30 seconds, 60 seconds, 3 minutes, 1 day, 2 days, and 3 days options.
5. Yield:
The expected rate of return of options will be specified when investors purchase innovative options.
Users can hedge market risks on demand under the premise of determining the expected rate of return.
For example: if you buy 100USDT 5-minute BTC call options, the yield is 70%. If the option delivery result is up, you will earn 170USDT (including the principal).
6. Delivery time: 0:00 GMT time is regarded as the start of options on the day.
For example: the start time of a 1-minute option is 00:00:00, the delivery time is 00:01:00, and so on.
7. Time to buy
For example: the start time of the current 1-minute option is 00:30:00, the delivery time is 00:31:00, and so on.
8. Handling of abnormal situations: If data acquisition fails due to network delay or interruption, abnormal data of third-party exchanges, etc., or data calculation errors occur due to transaction system abnormalities, etc., these circumstances may lead to the inability to complete the delivery of option transactions, You understand and agree that option transactions affected by the above circumstances will be deemed invalid transactions, and the digital assets used to purchase the above options 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: CRYPTO198 Exchange will implement the following criteria for the delivery of innovative option transactions starting at 00:00 on May 28, 2020 (GMT+8):
Delivery Option   Call                              
30S |Increase|＞0.005% |Drop|＞0.005%
60S |Increase|＞0.03% |Drop|＞0.03%
3M |Increase|＞0.04% |Drop|＞0.04%
24H |Increase|＞0.05% |Drop|＞0.05%
48H |Increase|＞0.06% |Drop|＞0.06%
72H |Increase|＞0.07% |Drop|＞0.07%
Currently, the available options for innovative options trading are bullish and bearish. After the adjustment of the judging criteria, the judging criteria for ups, downs, and levels will be different for different delivery periods. Please refer to the above table.
Bullish: Corresponds to the price increase of the currency at the time of delivery of this session relative to the beginning, and the absolute value of the increase exceeds the ratio shown in the table;
Bearish: Corresponds to the price drop of the currency at the time of delivery of this session relative to the beginning, and the absolute value of the drop exceeds the ratio shown in the table;

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

Existing risks
1. Risk of price fluctuation
Innovative option trading is a special digital asset financial derivative with investment value. Its price is affected by many factors, and the price fluctuates violently. It is difficult for investors to fully grasp it in actual operation, so there is a possibility of investment mistakes. , if the risk cannot be effectively controlled, it may suffer a large loss, and the investor must bear all the losses caused by it alone.
2. Transaction risk
(1) In the trading system of this platform, once the transaction submitted by the investor is completed, it will be irrevocable, and the investor must accept the risks that may be brought by this method.
(2) The platform will not make profit guarantees to investors, and will not share profits or share any risks with investors.
3. Policies and regulatory risks
Innovative option trading may face policy regulatory risks in different countries or regions. Investors should understand the regulatory policies of the trading region where they are trading before trading, and make prudent judgments on this premise.
4. Other possible risks
(1) The relevant trading rules of innovative options trading, including but not limited to index composition and weight adjustment, expiration time, product rules, etc. may be modified according to the actual operation of the business. If the platform needs to modify the relevant trading rules due to special circumstances For modification, after the adjustment announcement is released, it is deemed to have fulfilled the notification obligation, and the user needs to check and adjust the trading strategy in a timely manner. Any gains or losses arising or possibly arising from this shall be enjoyed or borne by the user himself.
(2) There are also risks in the use of Internet-based trading systems, including but not limited to software, hardware, and Internet link failures. This platform cannot control the reliability and availability of any Internet, so this platform will not bear any responsibility for network distortion, delay and link failure.
(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 attention items:
1. Innovative option trading is a very risky digital asset financial derivative. Before participating, investors must thoroughly understand the basic knowledge and related risks of financial derivative trading and all related businesses involved in innovative option trading. Rules, read and agree to the "Hopoo User Agreement" and "Innovative Option Trading User Agreement" carefully, carefully, and understand and fully assume all transaction risks caused by strong fluctuations in digital asset prices.
2. The above risk matters are only enumerative in nature and cannot list all the risk factors related to digital asset derivatives transactions in detail. Before investors participate in digital asset derivatives transactions and investments, they should also carefully understand other possible risk factors and mastery. If based on reasonable commercial judgment, this platform believes that you have violated this agreement, or you are not allowed to provide services provided by this platform according to the laws of the country or region where you are located, or you use the services provided by this platform to engage in illegal and criminal activities, this platform has the right to temporarily suspend Or permanently freeze your account, or suspend or terminate your use of all or part of the digital asset trading services provided by this platform. the
3. The prerequisite for the mark price to take effect is: effective weight exchange ≥ 3, otherwise, the option transaction may not be able to complete the delivery. You understand and agree that the option transaction affected by the above situation will be deemed as an invalid transaction and used to purchase the above option The digital assets of will be returned to the user's trading account free of charge. The platform will modify the index composition and weight according to the real-time transaction data of the five major exchanges from time to time to ensure the validity and fairness of the data, and publish the adjustment announcement to make it public.
4. Any opinions, news, discussions, analysis, prices, suggestions, chat room content, information, and KOL articles on this platform are general market reviews and do not constitute investment advice. The platform does not bear any direct or indirect losses caused by users relying on such information, including but not limited to any loss of profits.
5. It is forbidden to use this platform for malicious manipulation of the market, improper transactions and other immoral or illegal trading activities. If such incidents are found, the platform will punish all unethical or illegal trading activities such as maliciously manipulating prices and maliciously affecting the trading system. Users take preventive protection measures such as warnings, restricting transactions, closing accounts, etc., and do not assume all responsibilities arising therefrom, and reserve the right to pursue responsibilities against relevant persons.
6. Monitor transactions
The platform will set and adjust the maximum limit of daily transactions and withdrawals according to security and actual transaction conditions;
If transactions frequently occur in a certain registered user, or there is an unreasonable situation in a certain transaction or some transactions, the professional team of this platform will evaluate and determine whether they are suspicious transactions;
When the platform determines that a certain transaction or certain transactions are suspicious transactions based on its own judgment, the platform may take restrictive measures such as suspending such transactions, rejecting such transactions, or even canceling such transactions that have already occurred, and at the same time report to the supervisor departmental reports without further notice;
The platform reserves the right to reject registration applications from investors in jurisdictions that do not meet international anti-money laundering standards or that can be considered politically exposed persons. At the same time, according to its own reasonable business judgment, the platform reserves the right to suspend or terminate any suspicious transactions at any time, and does not assume any responsibility or obligation for this.