Bityard's forward perpetual contract with USDT as margin and settlement currency, the mechanism is similar to BitMEX, but the operation is simpler. The USDT forward contract is also called a stablecoin contract. Customers only need to hold USDT to carry out contract transactions such as BTC or ETH. Compared with reverse contracts, forward contract transactions have less fluctuations and are more convenient and flexible to operate. There will be no fluctuations in the reverse contract when the market fluctuates significantly, and the position risk will increase dramatically. When digital currencies such as BTC are used as the base currency, contract profits may occur, but they may lose money when converted into fiat currencies. With USDT as the contract margin, it can avoid the secondary damage caused by market fluctuations, allow customers to stably lock in earnings under a unilateral market, and perfectly anchor the currency price. Therefore, in a bear market, forward contracts are more popular and the risk is lower, which is more friendly to customers and small white customers who often operate contract transactions. In addition, customers holding one type of stable currency USDT can trade multi-currency contracts, which can avoid jeopardizing fighters, making the platform's contract transactions more simple, flexible, and convenient to meet the diverse needs of investors.
