Double-Win is a non-principal-protected structured financial product that helps users preempt market movements in both directions. The concept of Double-Win is similar to binary options, where users either receive a payoff if the settlement price sits outside the preset range, or nothing at all if the price falls within the range.

 

The maximum risk of a Double-Win plan is limited to the investment amount, but profits vary depending on how far the price of the underlying asset moves. Therefore, it is ideal in the following situations: 

1. When you anticipate strong market movements but are unsure of the direction, especially before the release of key financial indices or industry headlines

2. When you want to leverage or hedge against spikes in market volatility

How does Double-Win work?

Users will need to input an investment amount to purchase a Double-Win plan. At expiration, the price of the underlying asset will either sit within or without the range preset by the user at the time of subscription. The profit and loss (PnL) scenarios are as follows: 

 

Let us illustrate this further with an example. 

 

Example 

Suppose User A subscribes to a BTC Double-Win plan with the following parameters:

 

• Investment Amount: 500 USDT

• Entry Price: 27,050 USDT

• Est. Leverage: 20x

• Double-Win Range: +/- 200 USDT

• Expiration Date: Sep 30, 2023, 8AM UTC

 

Calculation

Given the Double-Win Range of +/- 200 USDT, the Lower Range Price is 26,850 USDT and the Upper Range Price is 27,250 USDT.

 

Now, let's consider three (3) scenarios at expiration:

 

Winning Scenarios

1. Settlement Price: 27,500 USDT

In this scenario, the payoff would be approximately 592.42 USDT based on the following calculations:

Payoff = 500+20×500×(27,500−27,250)/ 27,050 = 592.42 USDT

 

2. Settlement Price: 25,000 USDT

In this case, the payoff would be approximately 1183.92 USDT based on the following calculations:

Payoff = 500+20×500×(26,850−25,000) / 27,050 = 1183.92 USDT

 

Losing Scenario

​3. Settlement Price: 27,000 USDT

In this case, the Settlement Price falls within the range of 26,850 USDT and 27,250 USDT, resulting in zero payoff. User A loses the entire investment amount. 

Classic Double-Win and Custom Double-Win mode

Double Win offers users two modes: Classic and Custom. In Classic mode, users can directly place Double Win orders from a predefined range, providing a straightforward option for those looking for quick decisions. In contrast, the Custom Double Win mode offers greater flexibility, allowing users to select their profit range based on their market outlook. Users in this mode can customize the product parameters to fit their needs and submit an RFQ (Request for Quotation) to receive a personalized quote for their tailored product. Once the order is successfully placed, the winning scenarios in Custom Double Win are similar to those in the Classic mode.

 

 

As shown above, potential profits increase as the settlement price moves further away from the Double-Win range. However, the example is for illustrative purposes only. The actual leverage is determined by the remaining time until settlement, the width of the Double-Win range, and the current volatility of the asset. 

 

Notes: 

— Currently, the maximum investment amount of a Double-Win plan is capped at 500 USDT.

— Once successfully subscribed, the Double-Win order cannot be modified or canceled. 

Risk

Double-Win is an advanced structured product that is not principal protected. If the settlement price falls within the Double-Win range, the entire investment amount will be lost. Please also note that once the user successfully subscribes to Double-Win, the order can't be modified or canceled.

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FAQ — Double Win

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