CoinBene Hybrid Margin Service Agreement:
You should always carefully consider whether the CoinBene hybrid margin model matches your risk tolerance, investment experience, financial situation, financial needs, personal circumstances, and others.
You should fully understand the risks associated with the use of mixed margin, and you acknowledge and agree that you should bear the risks of accessing and using the mixed margin service yourself. The hybrid margin model uses the pledge rate (LTV for short) to evaluate the risk level of your hybrid margin account. When the market fluctuates sharply, if your pledge rate reaches a certain threshold, your pledged assets will face liquidation. It is recommended that you always pay attention to the pledge rate of your account and evaluate the risk level of your mixed margin account.
CoinBene can change the interest rate, interest-free period, loan limit, repayment limit, pledge rate (initial pledge rate, replenishment pledge rate, liquidation pledge rate) at any time according to market conditions without notifying users.
Due to network delays, computer system failures and other possible force majeure factors, the execution of the hybrid margin contract service may be delayed, suspended, terminated or deviated. The collateral in the user's hybrid margin account cannot be notified in time, and will be forced to other accident. CoinBene will try its best to ensure but does not promise the stability and effectiveness of the hybrid margin service execution system. While the mixed margin brings convenience to users, it also carries certain risks. Users are advised to use it with caution and pay attention to risk control. CoinBene is not responsible for any losses that may be caused by the above factors or price fluctuations when using this function.
CoinBene reserves the right to suspend, change, and terminate the mixed contract margin service. When necessary, the CoinBene platform can suspend and terminate the mixed margin financial service at any time.
You agree to keep in your CoinBene margin account, a sufficient amount of blockchain assets required by CoinBene for users to engage in contract transactions, and to return your loan in full and in time. Failure to maintain sufficient assets or fail to return the outstanding loans on time may result in forced liquidation of the assets in your margin account.
You understand and agree to carry out normal trading activities, and users shall not engage in malicious market behaviors and unfair trading behaviors that adversely affect market health in any form. For example, participate in price manipulation, or use service loopholes or other unreasonable means to harm other users. According to its judgment, CoinBene reserves the right to take measures against such accounts with violations, including but not limited to termination of accounts, restriction, suspension and cancellation of transactions, etc. CoinBene may, at its sole discretion, take measures to mitigate your potential losses on your behalf, including but not limited to transferring your margin account to your exchange account and/or from your exchange account to your margin account without prior notice inform you;
During the CoinBene system maintenance period, you agree to be fully responsible for managing your margin account, including but not limited to closing positions and repaying your borrowings;
You agree to have you conduct all transactions, contract transactions and/or borrowings by yourself, and take full responsibility for your activities. CoinBene shall not be liable for any loss or damage caused by your use of any service or because you do not understand the risks of asset use or the risks associated with your use of our services.
The user agrees that all investment operations performed in CoinBene represent their true investment intentions and unconditionally accept the potential risks and benefits brought by investment decisions.
I have read and agree to the CoinBene Hybrid Contract Margin Service Agreement, and agree to use the contract hybrid margin service. I am aware of this risk and confirm the purchase.