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How to use the Calculator?

By Vinh Tien 06/01/2023
How to use the Calculator?

Step 1: Log in to Nami.Exchange, select Buy Insurance.

Step 2: Select the Calculator, then the user can choose Spot or Futures.

Step 3: Users enter parameter about their trading assets, specifically:

With Spot trading

  1. Enter the Quantity of assets
  2. Enter the Entry Price of the property
  3. Enter Stop Loss price (SL, aka P-Claim price)

For Futures trading

  1. Enter Trading Volume
  2. Enter Leverage
  3. Enter Futures Entry Price
  4. Enter Stop Loss Price (SL)

Step 4: After entering parameters about the traded asset, the system will suggest an appropriate contract whose insurance payout covers negative profit. Users can adjust the following specific parameters:

  1. Margin: The margin for insurance contract
  2. Period: Validity period of the insurance contract

The system will display the Value of insurance payout (Q-Claim), this Q-Claim will include the insurance margin and the negative profit by a decrease of the digital asset or the spread of a Futures position.

Step 5: Select Buy Now to finish the transaction

Best regards,

Nami reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice

Risk Warning:

Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Nami is not liable for any losses that might arise from your investment. This information should not be regarded as financial or investment advice.

Nami Insurance - Change Risk to Payback

Nami Insurance is a decentralized hedging protocol that applies Blockchain technology to provide a reliable and transparent decentralized insurance service, minimizing the risk of user's loss of property value when the market has strong price fluctuations.

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