BitSaci Exchange business module

Real-time market information

BitSaci Exchange provides real-time market information and blockchain data information for digital currencies to users around the world. It not only provides real-time virtual currency price data, but also covers market depth, trading volume, historical price and other data analysis. Users can obtain real-time price, market value, trading volume and other data of thousands of cryptocurrencies around the world through the platform, helping users to keep abreast of market dynamics.

Real-time price inquiry

BitSaci provides real-time price inquiry of various virtual currencies around the world, so that users can get the latest market information in the first time.

Market in-depth analysis

BitSaci through the real-time statistics of market transaction depth, buy order and sell order, users can better analyze market liquidity and make more accurate trading judgments.

rich currency support

BitSaci supports a variety of mainstream virtual coins and their trading pairs, covering the needs of most users.

user community interaction

BitSaci has user discussion forums, information push, investment advice and other services, users can exchange experience and share market information with other investors.

Perpetual Contract

The BitSaci exchange supports USDT margin perpetual contracts in a long mode, where users can capture gains on the rise/fall of the digital asset price by judging the rise and fall and choosing to buy long or sell short contracts. Perpetual contracts do not have a delivery date and users can hold them forever.

  • In the future, BitSaci Exchange will continue to deepen the field of contracts, and expand the multi-currency contract trading services including second contracts, delivery contracts, etc.
Calculation of trading interests and profit and loss of contracts:
  • Account interest: The USDT-based Perpetual Account interest represents the total interest in the USDT-based perpetual account in that currency. The account equity of each contract is calculated independently of each other and is calculated as follows: Total equity of USDT perpetual Account = account balance + unrealized profit or loss.
  • Account balance: Account balance refers to the amount of currency held by the user in the USDT perpetual contract account.
  • Unrealized profit or loss: Unrealized profit or loss is the profit or loss of the user's current position in the USDT-based perpetual contract of that variety, and the unrealized profit or loss changes with the latest transaction price change.
  • Long position unrealized profit and loss = (1/ average open position price - 1/ latest traded price) * Number of long position contracts * contract face value * latest traded price
  • Short unrealized profit/loss = (1/ last traded price - 1/ last traded price) * Number of short contracts * face value * Last traded price

BitSaci Exchange

BitSaci Exchange leads the innovative mode of bitcoin trading, provides several mainstream virtual digital currency trading, and is committed to providing a safe, fair, open and efficient blockchain digital asset trading platform for digital currency enthusiasts.

Leading liquidity services

provide 300+ mainstream currency pairs, liquidity of hot currency pairs, top trading depth, continuous K-chart.

Professional solutions

Provide mainstream currency trading liquidity, Taiwan dollar liquidity solutions.

Low trading cost

competitive tiered trading rates, the larger the transaction volume, the lower the commission.

Diversified functions

including custom parameters, financial level monitoring, professional risk control management, complete reports and other functions.

Example of the BitSaci Exchange Coin trading process

BitSaci Exchange connects to the whole network through the API interface, providing investors with sufficient digital asset trading. The trading area is divided into three sections: mainstream currency area, potential currency area and New currency area, supporting all mainstream currency transactions in the market. The transaction price can adopt market price trading and limit price trading, and users can trade according to their own needs. At the same time, in order to prevent users from placing orders incorrectly, which may cause abnormal market price fluctuations and personal capital losses, BitSaci Exchange will provide real-time reminder services. Support USDT, BTC, ETH and other mainstream currency trading market, for example, when the user holds USDT, you can use USDT to buy any currency that supports USDT trading pairs, and so on

01

Open Website

Open BitSaci exchange website (https://www.BitSacigroup.co), enter the dollar currency trading.

02

Trading area

Select the trading area (for example, the BTC trading area is the trading of other currencies against BTC) and select the currency pair you want to trade.

03

Trading currency

Choose to buy or sell the corresponding currency, the order type can choose limit order, advanced limit order, etc.

Take the limit order as an example, enter the price and quantity of the coins you want to buy and click Buy to buy the corresponding virtual coins. The handling fee in the coin transaction is what currency is purchased and the amount of what currency is charged as the handling fee.

BitSaci Exchange has supported coin trading, LTC/BTC, ETH/BTC, BCH/BTC, ETC/BTC, BTC/USDT, LTC/USDT, ETH/USDT, BCH/USDT, ETC/USDT, BTC/BTC, ETH/ETH, etc. In the future, more trading pairs of coins will be expanded.

OTC trade advertising area

O OTC over-the-counter trading refers to not through the trading platform to buy, OTC trading is a form of advertising, two-way trading, free trading, safe and reliable In order to meet the needs of global users in different trading forms, BitSaci Exchange has established a set of offline digital currency purchase system independent of the exchange. Everyone can publish purchase/sale advertisements in the OTC trading advertising area of BitSaci Exchange, and purchase/sale users can buy/sell through offline means. After the transfer is completed, the platform will confirm whether it is completed. After clicking the confirmation, the platform will transfer the seller's digital currency to the buyer. BitSaci Exchange OTC trading advertising area can establish a reputation system for each user.

C2C trading area

C OTC over-the-counter trading refers to not through the trading platform to buy, OTC trading is a form of advertising, two-way trading, free trading, safe and reliable C2C trading is also a kind of over-the-counter trading, is a kind of paving the way for the existence of currency transactions, basically can be said to be a channel to provide recharge, there is a way for merchants to settle in, and there are some ways to recommend matching. The platform does not touch funds in it, and it is an upgraded version of over-the-counter trading. The C2C trading area of the BitSaci exchange is a place where information is released for buyers and sellers of digital currencies, and the trading parties publish trading advertisements for buying and selling on the platform according to demand. Similar to the "e-commerce" model, after the buyer "snaps" a certain amount of digital currency, the BitSaci exchange locks up the seller's digital currency. According to the agreed payment method, the buyer pays the seller in US dollars or other sovereign currencies and confirms the completion of the payment. After the seller receives the payment, confirming that the transaction was successful, the BitSaci exchange automatically releases the locked digital currency to the buyer.

For newbies, the first step to start trading in digital assets is to buy a digital asset. At present, the operation of buying and selling digital assets on some digital asset trading platforms in the market is too complicated. In order to make it more convenient for novice users to buy and sell digital assets, BitSaci Exchange can realize one-click coin buying, so that more people can easily participate in the crypto industry.

In the future, BitSaci Exchange will continue to open up the legal legal currency channels of various countries, and well-known banks will provide legal currency recharge and withdrawal and settlement services, and will soon launch legal currency trading pairs. The legal currency channel and legal currency trading pair will bring a large number of incremental users to the exchange. BitSaci Exchange will rely on the resources of traditional finance and the advantages of large institutions, have a more sensitive sense of legality and regulatory compliance, and have stronger support in financial licenses and traditional banking channels.

Balance Financing
  • BitSaci Exchange fully applies the technical thinking of blockchain, regards blockchain technology as a tool to break through the shackles and solve the single problem of financial services, so that every subject in the Internet ecological group can enjoy the progress brought by science and technology, and every subject can invest in digital currency quickly and conveniently on BitSaci exchange. Efficiently and confidently complete each digital currency transaction, but also enjoy the global digital currency financial services provided by BitSaci exchange, all the user's information transmission, asset trading and income distribution activities, will be protected by the technology based on the blockchain cannot be tampered with.
  • The deposit income is one of the core products of BitSaci Exchange's financial management, and it is also the manifestation of the income trading service.
  • BitSaci Exchange Wealth Management will help connect users who have spare digital assets and need to borrow coins. It has the features of deposit-on-demand withdrawal, hourly interest rate and support for interest rate customization. After the user transfers the digital asset to BitSaci exchange, the system will judge whether the loan is successful at each hour according to the lending rate set by the user. After the loan is successful, the interest of the hour can be obtained. Otherwise, the interest cannot be obtained, BitSaci White paper and the matching result needs to wait for the next hour.
  • As a digital currency derivative financial product for investors, BitSaci Exchange Financial offers two types of financial management, current and fixed. Demand banking can be subscribed or redeemed at any time, while fixed-term banking needs to be subscribed and redeemed based on rules. The term/current income of BitSaci Exchange Banking is capital protected banking, 100% of which guarantees the safety of the principal. It also has unique advantages such as flash access, stable capital protection and low investment threshold.
  • BitSaci Exchange Financial management not only provides the service of withdrawing lightning into the account, but also greatly improves its clearing and settlement ability by adopting distributed architecture and other technologies, providing users with ultra-low investment threshold, so that small and medium-sized retail investors holding small amounts of digital assets can also participate in investment and obtain considerable returns.
  • In the case of ensuring the absolute safety of investors' principal, BitSaci Exchange Financial Management adopts a settlement model based on "day" to give investors more sense of security, which fills the gap of T+0 products in the digital currency financial service industry. When investors need to use the financial assets of BitSaci exchange, T+0 product features realize that the assets within the BitSaci exchange agreement can be redeemed at any time, real-time account, the whole process is simple and efficient.
  • BitSaci exchange financial products will create sustainable value for users who hold currencies. Users who participate in financial management can lend cryptocurrency assets, and redeem the principal according to their actual situation, so as to gain interest. Digital currency assets can also be increased without cryptocurrency trading. BitSaci exchange hopes to provide diversified options for diversified users under the premise of ensuring the safety of digital currencies. Aggressive users can trust their digital assets and earn short-term profits. Holding users can entrust digital currency assets to the platform and continuously increase their assets without trading.
  • In the future, according to the real-time market demand, BitSaci Exchange will be open to support more cryptocurrency currencies and launch diversified digital currency financial investment products. In addition to supporting more digital currency assets online, BitSaci Exchange will also provide products with different lock-in periods and higher asset returns in the future, providing cryptocurrency investors with reasonable digital currency financial investment returns.
Loan Service

In the demand market, the positioning of BitSaci users has changed, that is, they are both depositors and lenders, and the platform will provide mortgage loans for lenders through the funds of depositors/lenders. The depositor earns interest on the ongoing loan. Because the loan is secured, the savers' money is maximized.

  • Loan Agreement

The network framework of the BitSaci lending protocol is based on EVM smart contracts, from deposit users to deposit cryptocurrency to loan users to lend cryptocurrency; From the time the loan user repays the debt or is forced to liquidate the debt to the time the deposit user receives interest. This is all based on smart contract automation, BitSaci White paper which we call the blockchain service architecture. In the BitSaci lending protocol, the smart contract will fulfill its mission -- to always keep both lenders and borrowers under fair rules, and add new content to the smart contract through community proposals.

  • Loan interest rate

The logic of the BitSaci lending agreement is based on a pool of liquid funds (liquidity pool). Deposit users (depositors) will provide ample liquidity to the BitSaci lending pool, equivalent to customers who make deposits for banks, loan users (lenders) will need to use excess mainstream currencies (such as ETH) as collateral to obtain on-chain loans, while the BitSaci lending agreement acts as a matchmaking system and will not retain any assets of the user.

• When funds become available: Lower loan interest rates to encourage users to borrow. If no user makes a loan request within 24 hours, the remaining funds in the liquidity pool will be sent by smart contract to the Polygon liquidity pool for maximum profit.

• When funds run low: raise lending rates to discourage lending, subsidize interest rates to encourage users to deposit.

  • Profit distribution

When the loan user repays the debt, he needs to pay the loan principal X(1+ loan interest rate) to the BitSaci loan agreement, a part of the profits generated here will go to the Treasury as an ecological incentive, most of the profits will be issued to the deposit user as interest, and the income generated depends on the amount of cryptocurrency deposited by the deposit user.

The interest received by the deposit user is not issued in real time, but in the form of fixed income to the deposit user, the deposit user can choose the type of cryptocurrency deposited, profit rate or deposit cycle and other factors to determine the interest income, these interest will be in the premise of capital protection financing, to provide the user with compound interest income

  • Forced liquidation

In order to better protect deposit users' funds, the BitSaci lending agreement will have to use forced liquidation, but these rules are not fixed, they are subject to change in the community's proposal:

• Loan user fails to complete repayment within the specified time: If the loan user fails to complete repayment within the specified time, the BitSaci Loan Agreement will liquidate the loan BitSaci White paper user's collateral at the optimal price to repay the debt. The excess portion of the debt will generate additional revenue for the deposit user.

• The loan user's collateral price plummets below the loan amount: If the loan user's collateral price plummets below the loan amount, the BitSaci Loan Agreement will liquidate the loan user's collateral in time to repay the debt, and the resulting loss will be reimbursed by the BitSaci Treasury to the deposit user.

  • Redeem the deposit

The deposit user can initiate the redemption unconditionally. Once the deposit user redeems the funds, it means that the user no longer enjoys any benefits. After redemption, the user can continue to earn profits by redepositing assets. The BitSaci lending agreement does not record the user's historical deposit record, but only distributes profits according to the real-time deposit number and community relations.

BitSaci is currently actively optimized and will soon realize further improvement of its lending function. In the future, BitSaci will provide three aspects of lending services: first, mortgage & loan, such as borrowers mortgage BTC and other digital assets as collateral, choose the loan term and interest rate; The second is lending & financial management, the lender will USDT into BitSaci, choose the corresponding lending conditions such as loan term and interest rate; The third is matching & completion, the platform will match the borrower's demand with the lender's conditions, and the borrower can get funds immediately.