A new trading instrument has appeared on the UTEX exchange — d | UT Token

A new trading instrument has appeared on the UTEX exchange — deliverable futures for crypto assets

The underlying asset for the first contract of this kind is the Flow token. The futures is already traded on UTEX, and due to the lock up period, its price is lower than the price of the Flow token itself on the spot market.

The distinct feature of deliverable futures is that at the time of expiration the seller delivers the underlying asset (in this case, tokens) to the contract holder at the transaction price.

Deliverable futures on the UTEX exchange allow the seller to fix the price of the underlying asset, and the buyer — to make money on the temporal risk that the seller wants to avoid. Pay attention that short positions are currently available only to the market maker.

The expiration of deliverable futures occurs gradually, according to the schedule published before the start of trading. At the time coins are in the lockup period.

Today, the first delivery futures — on the Flow token — began trading on UTEX. This is the token of a blockchain developed by Dapper Labs, who created the CryptoKitties game. Flow is a perfect option for large-scale decentralized applications that use collectibles in the form of NFT tokens.

Due to the lock-up period, the initial price of the futures is less than the Flow token's spot price.

The expiration of the Flow futures will be split into 13 stages taking place from November 2021 to November 2022. The trading continues as usual between the expirations.

At the time of expiration, some or all of the positions are closed for futures holders', and in return, the equivalent amount of the Flow tokens is accrued to their UTEX account.

Buy Flow Token Futures https://bit.ly/3fYevD4

Check the article on UT Media for more information, and the expiration schedule is available on the UTEX website.