ANKEX PERPETUAL IS A DERIVATIVES PRODUCT IN THE FORM OF A FUTURE CONTRACT WITH NO EXPIRATION DATE.
PERPETUAL CONTRACTS WITH UP TO 20X LEVERAGE
Ankex Perpetual is a derivative product in the form of a future contract with no expiration date.
Each Ankex Perpetual is based on its corresponding proprietary composite Ankex Index derived from the prices of instruments traded on a number of different cryptocurrency spot markets with outliers filtered out.
To make the price of the Ankex Perpetual closely follow the price of the underlying Ankex Index we rely on an adjustment mechanism.
If the price of Ankex Perpetual is higher than that of the corresponding Ankex Index, traders holding a long position will be paying a respective BTC compensation to the traders holding a short position every 5 minutes.
The opposite logic applies when the price of Ankex Perpetual is lower than that of the corresponding Ankex Index.
This price adjustment mechanism ensures that the price of the Ankex Perpetual stays close to the underlying asset price even though Ankex Perpetual is never actually settled.