#EventContractsLaunch

Testing Gate Event Contracts is a way to look at short term trading. Most short term crypto products make you deal with leverage and liquidation risk before you can even make a trade. Event Contracts are different. They let you focus on one thing. Whether the price of Bitcoin or Ethereum will go up or down at the end of a set time.

You can choose to bet on Bitcoin or Ethereum going down over four different time periods: 5 minutes, 15 minutes, 60 minutes or 240 minutes. You can start with little as 1.5 USDT. There is no need to worry about leverage or margin. You can close your position early if you change your mind.

The good thing about Event Contracts is that you can only lose what you put in. This makes them different from crypto products.

To celebrate the launch of Event Contracts there is a campaign from July 21 to July 31. There are three ways to win:

* If you lose your trade you might get up to 5 USDT back.

* If you make a profit you might get your profits doubled, up to 500 USDT.

* If you trade a lot you might share in a 20,000 USDT pool.

The idea is to make it good for users and for people who trade a lot.

When you use short term products it is better to be picky. Do not just trade all the time. Look for times when the market's likely to go up or down and then make your trade. You can always close your position early if you change your mind.

You can use Event Contracts with investments like a stable coin that pays interest.

Event Contracts are a way to trade short term. The launch campaign makes it even better. We will have to see how it works in life. The test period is, until July 31.

‍#GateTrading @Gate 广场