DEBOX-BNB Chain FAQ
Last updated
Last updated
What is DEBOX-BNB Chain?
DEBOX is an innovative crypto trading platform that integrates seamlessly with BNB Chain, offering users an efficient and convenient on-chain trading experience.In this model, users can utilize $BOX as collateral on BNB Chain to participate in various transactions. This design enhances platform accessibility and provides users with flexible trading options.
DEBOX is an all-in-one Web3 community management tool designed to establish a trustworthy data ecosystem. By logging in with a Web3 wallet, you can engage in private chats, small group chats, Club chats, DAO/NFT chats (Token-gated chats), post updates, view everyone’s updates, and see on-chain updates from those you follow.
How do I get BOX?
How to Trade with REX Coin-Margined Trading?
What Fees Are Charged for Trading BOX?
Gas Fee (Network Fee): BNB
When trading on the DEBOX-BNB Chain, a gas fee in BNB is required. This fee is necessary to process the transaction and record it on the blockchain.
Coin-Margined Token: BOX
When using REX tokens as collateral for coin-margined trading, a certain percentage of trading fees will be charged (calculated in BOX). The specific fee rate can be viewed on the KiloEx trading interface.
How Are DEBOX-BNB Chain Trading Points Calculated?
Point Calculation Rules:
Trading points are calculated once at both the opening and closing of the position.
The point calculation is based on the price of BOX at the time of the operation.
Important Notes:
Since BOX is not a stable coin, its price fluctuates with the market, which may cause differences in trading points when opening and closing positions.
These differences are normal and are directly related to the market fluctuations of BOX.
Example:
At the time of opening: BOC price is 2 USD, and the points are calculated based on this price.
At the time of closing: BOX price changes to 2.5 USD, and the points are recalculated according to the new price.
Difference Between DEBOX Coin-Margined and USDT-Margined Trading:
Margin:
Coin-Margined: Uses $BOX as margin.
USDT-Margined: Uses stablecoins (such as $USDT) as margin.
Fee Rates:
Coin-Margined: Fees may vary based on $BOX market conditions.
USDT-Margined: Fees are calculated in USDT, providing more stability.
Fund Impact:
Coin-Margined: The volatility of $BOX can affect the margin.
USDT-Margined: Stablecoin margin is not affected by market fluctuations.
Minimum Position and Margin:
1 $BOX
Can I Enjoy Rebate, VIP, and Fee Discount Coupons?
Yes, users can enjoy rebates, VIP benefits, and fee discount coupons.
Will trading competitions and other activities be counted towards coin-margined trading volume?
Currently, no. Coin-margined and USDT-margined trading volumes are tracked separately. We will specifically launch trading activities for coin-margined trading.
Besides trading, can I participate in other activities to earn profits?
Yes, you can stake $BOXin the DEBOX-Vault pool. Staking $BOX not only provides liquidity for trading but also allows you to earn high APY rewards.
What are the technical advantages of DEBOX-BNB Chain?
High Efficiency: Utilizing BNB Chain’s high throughput and low latency, DEBOX-BNB Chain ensures fast transaction processing, enhancing user experience.
Low Cost: With BNB Chain’s low transaction fees, DEBOX-BNB Chain provides cost-effective trading experiences for users.
Security: DEBOX-BNB Chain inherits BNB Chain’s robust security mechanisms, ensuring transaction safety and data integrity.