Note: Please make sure the collateral details when you are trading with Margin.
|Symbol||Collateral ratio *||IMR factor *|
WOO X will set a collateral rate (discount) for each token based on a unique algorithm, taking the liquidity and volatility of each token into reference. WOO X will calculate the actual collateral value with the algorithm. Not all tokens on WOO X can be used as collateral. Please see the table below for details.
For example, the collateral ratio of USDT is 1, which means that USDT can be used as collateral 100%; the collateral ratio of BTC is 0.85, which means BTC worth is worth $100 but can be traded with $85 as collateral. When exposure exceeds the current leverage limit, please lower the leverage if you want to increase exposure. You can only buy in the pure spot trading mode if you want to have a long position.
To calculate the available leverage in margin. The leverage is equal to min (the maximum leverage, 1/(IMF factor*(amount)^(6/5))). The higher the position, the lower the actual leverage can be used.
※ Please be sure of the risk of using Margin Trading/Leverage before trading. WOO X is not responsible for any losses resulting directly or indirectly from trading.