1️⃣Terms of Use for USDT Perpetual Contract Trading

To use FIXT USDT Perpetual Contract trading, please read and follow the FIXT USDT Perpetual Contract Trading Terms and Conditions. Please carefully read and fully understand the content of each provision, especially the provisions regarding exclusion or limitation of liability, before accepting or rejecting such provision.

If you do not read and agree to all of the Terms and Conditions, you may not use FIXT USDT Perpetual Contract trading and its services. By visiting, browsing, downloading and using the Services provided by FIXT, you signify that you have read, understood and unconditionally agree to be bound by these Terms.

1. Summary

• USDT perpetual trading is a digital currency derivative launched by FIXT, which is responsible for product design management and trading platform operation.

• By agreeing to this provision and registering as a user of this platform, the user warrants that he/she has reached the age of 18 and that the contents of this provision are not excluded by the laws of the country or region to which the user belongs and complies. Comply with the applicable laws of your country and comply with the trading rules of the FIXT platform and the trading rules of contract trading instruments. Users who do not meet the above requirements must immediately terminate their registration or stop using the Service.

2. Product Rules for the USDT Perpetual Contract

• Targets of FIXT perpetual contracts include, but are not limited to, BTC, ETH, XRP, and other digital currency types accepted by FIXT. There is no need to use 100% collateral as margin. Some FIXT contracts allow up to 100x leverage. Perpetual contracts are valued in USDT and are settled in USDT when traded.

• Perpetual contracts use fair market prices to calculate unrealized P&L and the liquidation price of the position.

• Permanent contracts are never delivered. Commissions are paid every 8 hours between buyer and seller. If interest rates are positive, payments are made for long positions and fees are charged for short positions, and vice versa if interest rates are negative. The fund cost creation times are 00:00, 08:00, and 16:00 (UTC) respectively.

3. Transaction Rules

• Users can issue trading orders through web pages, mobile terminals, APIs and other methods approved by FIXT. Order details include order price, quantity, direction, opening/closing positions, and other information required by FIXT.

• When a user issues a position opening order and the trade is executed, the corresponding contract position is established. If a position is not liquidated, unrealized profits and losses will occur along with price fluctuations. Unrealized profits cannot be used as contract margin and cannot be cashed out. After the position is closed, this portion of unrealized profits is transferred to realized profits. Unrealized profit of long position = contract * contract size * (close price - opening price) Unrealized profit of sell position = contract * contract size * (opening price - closing price)

• When a user issues a position liquidation order and the trade is executed, the number of positions held will be deducted from the held positions. The profit of the liquidated portion is not included in the current position profit, and the profit of that portion has been automatically transferred to the contract account.

4. Miscellaneous

• Users must adhere to the principles of fairness and fairness in contractual transactions.

• FIXT reserves the right to warn, restrict trading, and close accounts for any unscrupulous activity, including malicious price manipulation and malicious influence on the trading system. If necessary, FIXT may abort transactions, cancel transactions, rollback trading sessions and adopt other means to eliminate adverse effects.

• FIXT may require Users to adopt risk control measures, such as withdrawing orders and closing positions, if the number of Users' holding positions or orders is exceeded and FIXT determines that there may be a significant risk to the System and other Users. If FIXT deems it necessary, FIXT may limit the total number of positions in an individual account, limit the total number of orders, limit position openings, withdraw orders, perform liquidations, and take other measures to control risk. You have the authority to do so.

• FIXT is not liable for any damages if the system platform does not function properly due to conditions including but not limited to the following:

  • During periods of downtime and maintenance of the FIXT Platform Notice System.

    Failure to transmit data due to communication equipment failure

    Non-performance of business due to failure of the Tapbit platform system due to force majeure such as typhoon, earthquake, tsunami, flood, power outage, war, terrorist attack, etc.

    Service interruptions or delays due to hacker attacks, computer virus intrusions or outbreaks, technical adjustments or malfunctions of telecommunications departments, website upgrades, banking problems, temporary closures due to government controls, and other factors affecting the normal operation of the network.

    Losses resulting from technical problems that cannot be predicted or resolved using existing technology in the industry.

• FIXT may cancel abnormal executions and rollback all transactions for a particular session due to abnormal executions, market disruptions and other possible abnormal factors such as system failures, network problems, DDos and hacker attacks.

• FIXT's trading platform strictly prohibits all inappropriate trading practices, including but not limited to malicious orders by users exploiting possible system vulnerabilities, malicious price and quantity manipulation by bulk orders, continuous orders, and matched sales of linked accounts. . FIXT's platform reserves the right to cancel abnormal executions and roll back part or all transactions of a specific session, depending on the actual situation.

• The content of this provision also includes FIXT's system norms, other provisions or rules in the appendices to this provision, and other relevant provisions and rules for the Services that FIXT may publish from time to time. Once the foregoing is officially posted, you must comply with it as it is an integral part of these Terms. If there is a conflict between the above and this provision, this provision will control. By registering or using the Services in accordance with these Terms, you will be deemed to have read and agreed to these Terms and the foregoing. FIXT reserves the right to unilaterally modify these Terms or any of the foregoing as appropriate. If you continue to use this service even after the changes have been made, you will be deemed to have agreed to the changes. If you do not agree to the revised terms, you must stop using the service.

• If any dispute or controversy arises between you and Tapbit, it must first be resolved through amicable consultation. If consultation fails, the parties agree to submit the dispute or controversy to a court of competent jurisdiction in Panama.