At iFlux Global, we take pride in supporting our traders’ every need. To maintain a sustainable platform, the need for upgrades and enhancements is essential. We’re rolling out key adjustments starting March 28th to protect your interests while boosting fairness and efficiency. Check out the details in this article.
System update
Blocking of Symmetrical Contracts
Users will no longer be able to create symmetrical contracts to exploit price discrepancies based on market volatility. When attempting to do so, the system will display a warning and prevent the action.
With this new policy, we strive to maintain a fair trading environment and reduce the risk of manipulation. Users are encouraged to engage in more thoughtful and strategic trading behaviors.
Transition to Real-Time Price Updates
We are switching from hourly price updates to real-time updates. This change will limit fluctuations while helping you make more informed trading decisions. With real-time updates, you will have instant access to price changes to react swiftly to market movements.
This enhanced feature ensures that you are always equipped with the most accurate and up-to-date information, ultimately improving your trading experience and outcomes.
Enhancement of Payment Control Mechanism
Contract Creation Conditions
Your account balance (in USDT) must exceed the total upfront value of all contracts (in USDT, based on market rates) to create new ones. If not, the system will prevent it.
Should market volatility push your balance below this limit, you’ll need to deposit more funds or wait for prices to stabilize. Otherwise, all contracts enter pending status with late penalties.
Automatic Pending and Contract Reopening Mechanism
Your contract will automatically transition to pending status or reopen based on the balance in the payment account, as outlined below:
- Balance < Upfront:
- Contract status: Pending
- No subsequent periods
- No token claims
- Late penalties apply
- Balance > Upfront:
- Contract status: Active
- Subsequent periods continue
- Token claims allowed
- Previous penalties must be paid
The system checks your balance every minute, ensuring contract stability and platform fairness.
Automatic Contract Closure for Insufficient Margin
Your installment contracts will face automatic closure if your margin balance dips too low and stays that way for 2 hours without additional funds. During this window, you will receive one email nudging you to top up your account and avoid loan recovery.
If no action is taken, the system shuts them down and applies standard liquidation fees:
- For those yet to pay their first period, a 7% penalty kicks in, leaving you with (X% ‒ 7%) B returned.
- For contracts already under penalty, there’s no grace period. They will be liquidated instantly with no token refunds to manage risks swiftly.
This approach keeps iFlux Global stable and ensures smooth operations for all users on the platform.
APR & Penalty update
Adjustment of Interest Rate
iFLux Daily Earn is a product designed to help you grow your assets effortlessly and receive daily profits. The profit rate will be adjusted to 12% APR, but there’s no need to worry. We still offer plenty of ways to maximize your earnings.
Update on Contract Liquidation Fees
Users can now liquidate contracts after paying the first principal and interest, regardless of the term (10 days to 12 months). Fixed penalty fees will range from 1.8% to 0.2%, depending on payments made. After liquidation, the remaining balance, minus the fee, will be returned to your account immediately.
This update simplifies the liquidation process, allowing you to exit contracts easily without unexpected losses. It also aims to prevent situations where users lose the ability to meet installment payments. Fixed fees and clear conditions reduce confusion and financial risks, reinforcing your commitment to open contracts while balancing flexibility with responsibility.
» Learn more about the contract liquidation feature and penalty fees here: https://iflux-global.gitbook.io/iflux-global/token-installment/contract-liquidation.
Conclusion
We believe these updates will significantly enhance your trading experience on iFlux Global. By implementing real-time price updates, refined liquidation processes, and improved margin control mechanisms, we aim to create a more transparent and efficient trading environment. iFlux Global looks forward to supporting your trading journey and helping you achieve your financial goals.
About iFlux Global
iFlux Global gives everyone the freedom to access advanced financial services anywhere, anytime. As a cryptocurrency financial platform, iFlux provides a wide range of solutions to help crypto investors grow their profits.
