❓FAQ

1. What is BLEX and what problems does BLEX solve?

BLEX is a decentralized perpetual contract exchange that provides a model based on index prices and aims to provide users with a low-cost, efficient, and secure trading experience, enabling them to deploy various trading strategies and take control of their assets on their own.

2. Do users need to be KYC certified?

No. BLEX is a decentralized trading platform and does not require KYC certification. Simply connect your on-chain wallet and trade.

3. Which chains have BLEX already been deployed?

BLEX has been deployed on Arbitrum. More chains will be supported in the future.

4. What are the highlights of BLEX?

Price offering mechanism, stablecoin LP pool, trader-to-LP mechanism, multiple order types for perpetual trading, web, and mobile versions.

5. How secure is BLEX?

BLEX uses a variety of security measures to protect user assets, including smart contract security auditing, multiple signatures, and other technologies. BLEX also takes risk-limiting measures to protect users' transaction funds.

6. What kind of trading model does BLEX apply?

BLEX has adopted the Smart AutoBet Model, which is for automatic smart betting tradings of digital synthetic assets.

Users can freely participate as either traders or liquidity providers on BLEX. A variety of essential mechanisms are also required to ensure the smooth operation of the trading ecology, mainly including the oracle-based price-feeding model, the funding model for balancing market billing, and the basic billing and settlement system which support multiple orders.

7. What does the BLEX liquidity pool consist of?

The liquidity pool of BLEX consists of USDT. Therefore, LP does not suffer impermanent losses in the process of providing liquidity. In BLEX, users can add liquidity to the liquidity pool without permission.

We are about to launch a package of stablecoin functions to facilitate users to use various stablecoins to participate in pledges.

8. What kind of orders does the BLEX support?

BLEX is committed to providing traders with customary ways of billing methods. Orders include market orders, limit orders, and Take-profit and Stop-loss orders.

9. What digital assets can I trade on BLEX?

BLEX currently focuses on on-chain perpetual contract trading for BTC and ETH and supports up to 100x leverage. In the future BLEX will support more cryptocurrency and RWA asset trading pairs.

10. What is slippage?

Slippage refers to the difference between the expected price of a trade and the actual price at which the trade is executed. In other words, it's the difference between the quoted price and the actual price at which an asset is bought or sold.

Users can set a maximum acceptable slippage range on BLEX. If the latest price falls within this range, the transaction will be executed at the latest oracle price.

11. How many kinds of tokens does BLEX have?

The current tokens in the ecology are:

• LP token $BLP of the liquidity pool

• Governance token launching soon

12. May I trade $BLP in the market?

$BLP cannot be freely circulated in the trading market. Users can purchase or redeem $BLP using USDT.

13. What is the liquidation mechanism of BLEX?

A position will be liquidated when the net asset of the position is less than 0.5% of the position size; if there is still a balance after deducting losses and fees, the margin will be returned to your wallet.

14. I couldn’t find an answer to my question. Who can help me?

If you can't find what you're looking for in the documentation, please join Discord or Telegram to contact an administrator for help.