Ethereum usdt contract address
1. The price of BTC and eth you see on this platform is not the real price against the US dollar, but the price in usdt, which is priced in OTC legal currency. Their ups and downs are all calculated in terms of usdt. All three of them are virtual currencies, just currency transactions, not real dollar prices
2. Usdt is a complete domestic counterfeit currency, formerly known as realcoin, but it has just changed its name. Realcoin is the second generation of domestic counterfeit currency, and the first generation is called chncoin Chinese currency. Both of them collapsed successively in 2013 and 2014
3. The actual value of usdt can be said to be equal to 0. Teda Company, which issued usdt, stopped providing any services to American citizens, that is to say, Teda Company could not provide usdt to us dollar
extended information:
1. Fire coin is a safe and reliable bitcoin trading platform in China. It has won a round of ten million RMB capital investment from Zhenge fund, Dai Zhikang, Sequoia capital (shareholders of many world-famous companies such as apple and Alibaba). Fire coin implements strict risk control management and operates stably. As of the end of 2016, the accumulated turnover of fire currency reached 200 billion yuan
2. In the future, fire coin will mainly focus on overseas transactions. Founder Li Lin said in an open letter that he is currently carrying out five major businesses around the world, including fire coin global professional station, fire coin Korea, fire coin China, fire Coin Wallet and fire coin global dollar station. Among them, fire coin China focuses on blockchain technology R & D and application information, while fire coin Korea and fire coin global dollar station will continue to provide local legal currency to digital currency digital asset trading services
as a whole, usdt contracts operate under the framework of perpetual contracts, so like currency based contracts, it continues to maintain the design of index mechanism, non delivery, insurance fund replenishment, 2-100 times leverage, lower handling charges, lower maintenance margin ratio and no capital cost. However, it should be emphasized that except for index mechanism and non delivery, other contracts are unique to 58 perpetual contracts, Other places may not be designed like this. Usdt contracts use usdt as the common currency for pricing, trading and settlement. That is to say, it is no longer necessary to hold BTC to make BTC perpetual contracts. As long as you hold usdt, you can trade perpetual contracts in BTC, Eth and other currencies. In fact, this design simplifies the calculation method of profit and loss, which seems more intuitive. Another point is that based on the characteristics of usdt stable currency, it has the function of bear market hedging. If you are not used to the pricing method of currency based perpetual contract and have no time to focus on the ups and downs of digital currency, then usdt contract is very suitable for you.
