NEO is an open-source, community-driven platform for decentralized applications. The project was founder in 2014 and open sourced on Github in June 2016. NEO envisions a smart economy in which asset are digitized by leveraging blockchain technology and digital identity. And, the digitized assets are managed automatically through smart contracts.
The base asset of the NEO blockchain is the NEO token. You can margin trade NEO on Delta Exchange using our derivative (i.e. futures and perpetual) contracts. This means that you can go long or short NEO with leverage.
|Contract||Type||Max Leverage||Price Currency||Margin Currency||Action|
|NEOUSDQ||Quanto Perpetual||20x||USD||BTC||See Market|
Complete details of the futures and perpetual contracts on NEO that are listed on Delta Exchange are available below.
Quanto Perpetual contracts on NEO are intended to provide returns of the underlying spot market in NEO with the added advantage of leverage. Perpetual contracts do not have an expiry date. You can learn more about perpetual contracts here.
NEO Quanto Perpetual contracts are quoted in USD. All margin, Profit/ loss and settlement calculations are denominated in BTC.
NEO Quanto Perpetual contracts are margined in BTC. This means you need to have BTC to trade these contracts. The maximum allowed leverage for NEO Quanto Perpetual contracts is 20x.
The underlying index for NEO Quanto Perpetual contracts is .DENEOUSD.
Funding is a series of continuous payments that are exchanged between longs and shorts in a perpetual contract to keep the price of the contract tethered to the underlying index.
At any given time, funding rate is equal to the difference of the mark price and the underlying index price. Funding is considered to be an 8-hourly interest rate and is computed and exchange every minute. When funding rate is positive, longs pay shorts. When funding rate is negative, shorts pay longs.
This contract is perpetual and does not settle.
You can directly buy or sell NEO. This is called spot trading of NEO. If you buy low and sell high, you will make profit. However, this trade only works when NEO price goes up. Further, leverage trading is not possible in spot trading.
NEO margin trading through derivatives addresses these shortcomings. The NEO futures and perpetual contracts enable you to go benefit from both up and down move in NEO. Further, these derivative contracts have built-in leverage, enabling you to trade big with small capital.
Starting trading on Delta Exchange is a breeze. Here’s how you can make your first NEO trade on Delta Exchange:
Delta exchanges offers trading in cryptocurrency futures. These futures offer: (a) up to 100x leverage and (b) ability to go both long or short. Crypto futures not only have the same features as margin trading, but also higher liquidity and lower trading fees.
Delta Exchange is a derivatives exchange. You can trade futures on cryptocurrencies, but not cryptocurrencies directly. The complete list of futures listed on delta is available here.
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