1. Scope of Application
This agreement applies to all user activities related to event contract services on the SaviCoin platform.
Before participating in event contract trading, users should carefully read and fully understand this agreement, especially the provisions on risk disclosure, liability limitations, trading restrictions, and platform rights.
By submitting an event contract order or continuing to use related services, users are deemed to have agreed to be bound by this agreement and the relevant rules of the SaviCoin platform. If you do not agree with any content of this agreement, please do not use the event contract services.
2. Definitions
1. Event Contract: A fixed-risk contract product where users judge the future price movement direction (rise or fall) of a specific digital asset and settle according to preset rules.
2. Underlying Asset: The digital asset or other trading targets supported by the platform referenced by the event contract, including but not limited to BTC, ETH.
3. Contract Amount: The fixed amount paid by the user for a single event contract transaction, which is also the maximum possible loss for that order.
4. Expiry Settlement: After the contract reaches the preset time, the system automatically determines the result based on the order confirmation price, settlement price, and the user's predicted direction.
5. Fixed Return: When the user predicts correctly, they receive a corresponding bonus according to the fixed return ratio displayed on the order page; if the prediction is incorrect, the user loses the entire contract amount of that order.
3. User Qualifications
1. Users must have full civil capacity and meet the trading qualifications stipulated by the laws and regulations of their location.
2. Users must complete registration, identity verification, and security verification as required by the platform.
3. Users must not impersonate others, use false information, or participate in trading through unauthorized accounts.
4. Users should properly safeguard their accounts, passwords, and verification codes. Transactions completed through the user's account are generally considered to be operated by the user themselves.
4. Trading Mechanism
1. Event contracts are generally priced, paid, and settled in USDT, subject to the platform page display.
2. Users may select trading varieties supported by the platform, prediction directions, contract amounts, and contract periods to participate in trading.
3. Before placing an order, users should confirm the underlying asset, prediction direction, contract amount, contract period, expected return, maximum loss, and settlement time.
4. Once the order is confirmed by the system, it cannot be revoked, modified, transferred, closed early, or terminated early; the user must wait for the contract to expire for automatic settlement.
5. If the user predicts correctly, the platform settles according to the fixed return standard displayed at the time of order placement; if the prediction is incorrect, the user loses the entire contract amount.
6. If the order confirmation price is the same as the expiry settlement price, or in the case of special market conditions, the specific settlement method shall be subject to the product page and platform rules.
7. Order status, transaction records, and settlement results shall be based on the SaviCoin system records.
5. Pricing and Settlement
1. SaviCoin may determine order prices and settlement prices using mainstream trading markets, third-party data sources, or data sources recognized by the platform.
2. The platform may use index prices, composite prices, weighted average prices, or other reasonable methods for settlement depending on the product situation.
3. In cases of data source interruptions, abnormal prices, extreme market conditions, underlying asset suspensions, system failures, or market manipulation, the platform has the right to take measures such as delayed settlement, use of backup data sources, re-settlement, cancellation of abnormal orders, or other reasonable actions.
4. Except for obvious system errors, order settlement results shall be based on the platform system records and recognized price data.
6. Fee Description
1. Unless otherwise specified on the product page, event contracts generally do not charge additional transaction fees, funding fees, forced liquidation fees, or margin call fees.
2. Users only need to pay the contract amount once, which is the maximum possible loss for a single order.
3. When the user predicts correctly, they will receive a bonus according to the fixed ratio displayed on the order page.
4. The platform has the right to adjust the return ratio, transaction amount, and other product parameters based on market and operational conditions; the adjusted rules apply to newly submitted orders.
7. Trading Restrictions
1. Users should comply with the platform’s single order limit, daily limit, position limit, and daily loss limit.
2. Unless otherwise specified by the platform, the maximum daily loss limit for each user is 20,000 USDT, which may include settled losses and potential losses from unexpired orders.
3. Upon reaching or approaching the limits, the platform has the right to restrict the user from submitting new orders or adjust trading permissions.
4. The platform may set different trading permissions based on user identity verification, account level, risk rating, region, and trading behavior.
8. Abnormal Trading and Risk Control
Users must not engage in the following behaviors:
1. Using multiple accounts, related accounts, or bulk-registered accounts to participate in trading;
2. Exploiting system delays, price delays, display errors, or technical vulnerabilities for arbitrage;
3. Using malicious programs, automated scripts, or unauthorized tools to submit orders;
4. Manipulating prices, colluding in trades, or disrupting the normal trading order of the platform;
5. Impersonating others, providing false information, or engaging in money laundering, fraud, or other illegal activities;
6. Other behaviors reasonably judged by the platform as abnormal, violating rules, or unfair trading.
If any of the above behaviors are found, SaviCoin has the right to reject orders, restrict account functions, suspend trading or withdrawals, cancel abnormal orders, deduct improper gains, freeze related funds, and conduct further investigations.
9. Platform Rights
1. SaviCoin has the right to adjust trading varieties, return ratios, contract periods, trading limits, settlement methods, and other parameters of event contracts based on market, regulatory, technical, liquidity, and operational conditions.
2. The platform has the right to suspend, restrict, delist, or terminate some or all event contract services.
3. Due to system maintenance, market anomalies, data abnormalities, regulatory requirements, or technical failures, the platform has the right to suspend order submission or delay settlement.
4. The platform has the right to reject orders based on risk control results without disclosing specific risk control rules or judgment logic.
5. If an order is confirmed to have obvious price errors, system errors, or abnormal transactions, the platform has the right to cancel, correct, or re-settle the related orders.
10. User Obligations
1. Users must ensure sufficient account balance to pay the contract amount.
2. Users should independently judge market conditions and fully understand product rules and trading risks.
3. Users are responsible for their own trading decisions and results, including losses caused by incorrect predictions, market fluctuations, operational errors, network failures, or improper account management.
4. Users must not sell, rent, lend, or transfer their accounts.
5. Users should promptly pay attention to platform announcements, rule updates, and risk warnings, and cooperate with the platform to complete identity verification, source of funds review, and abnormal trading investigations.
11. Risk Disclosure
1. Event contracts are high-risk products; users may lose the entire contract amount of a single order if their prediction is incorrect.
2. The price of the underlying asset may fluctuate sharply due to market liquidity, macroeconomic conditions, policy changes, unexpected events, and market sentiment.
3. Event contracts use fixed risk and fixed return mechanisms; orders usually cannot be terminated early after confirmation.
4. Although the maximum loss per order is limited to the contract amount, continuous incorrect predictions or frequent trading may cause rapid capital losses.
5. Event contracts are not deposits, savings, or capital-protected financial products; SaviCoin does not guarantee principal, returns, or trading results.
6. Different countries and regions have different regulations on digital assets and derivative products; users should independently confirm the legality of using related services.
12. Disclaimer
1. Market data, price information, product descriptions, and return displays provided by SaviCoin are only for trading service purposes and do not constitute investment advice or return guarantees.
2. SaviCoin is not liable for losses caused by market volatility, network interruptions, equipment failures, third-party data anomalies, system maintenance, hacking attacks, policy changes, force majeure, or user operational errors, to the extent permitted by law.
3. If the platform causes direct losses to users due to intentional or gross negligence, it will bear corresponding liability according to applicable laws.
4. To the extent permitted by law, the platform is not liable for indirect losses, expected return losses, opportunity losses, or other derivative losses.
13. Dispute Resolution
1. If users have objections to order prices, settlement results, or account records, they should promptly contact SaviCoin online customer service and provide the order number, transaction time, and relevant proof materials.
2. The platform will verify based on backend data, price records, system logs, and order information.
3. If system errors or price anomalies are confirmed, the platform has the right to correct, cancel, compensate, or re-settle the related orders.
14. Service Suspension and Termination
1. Users may stop using event contract services, but confirmed and unexpired orders must still be settled according to the rules.
2. If users violate this agreement, platform rules, or applicable laws and regulations, SaviCoin has the right to suspend or terminate their event contract services.
3. If event contract services are stopped due to regulatory, market, technical, or operational reasons, the platform will handle unexpired orders according to announcements.
15. Agreement Changes
SaviCoin has the right to modify, update, suspend, or terminate this agreement based on laws, regulations, regulatory policies, market environment, and operational needs.
The revised agreement will be published on the platform's official channels and take effect from the date of publication or the date specified in the agreement.
Users who continue to use the event contract services after the agreement update are deemed to accept the updated agreement content.
16. Others
1. This agreement is part of the SaviCoin User Service Agreement and other platform rules.
2. If any provision of this agreement is deemed invalid, it does not affect the validity of other provisions.
3. Related disputes of this agreement shall be handled according to the applicable laws and dispute resolution methods stipulated in the SaviCoin User Service Agreement.
Risk Warning
Event contracts are high-risk trading products; users may lose the entire contract amount of a single order. Please participate cautiously according to your financial situation, trading experience, and risk tolerance. Historical performance, return ratios, and past trading results do not represent future returns.
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