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https://phemex.com/register?referralCode=IFXR83 My invitation code: IFXR83 Phemex What are Crypto Derivatives (Perpetual Contracts) Quiz Questions and Answers: Lesson 1/4: Derivatives Q1: Derivatives are secondary __ instruments in the form of __. A1: Financial, Contracts Q2: A derivative contract is an agreement between two parties to: A2: Buy or sell a particular asset for a predetermined price sometime in the future. Q3: The value of a derivative contract is tethered to: A3: Any target underlying asset. Q4: Why is it easier to trade oil derivative contracts rather than oil itself? A4: All of the above Lesson 2/4: Perpetual Contracts Q1: What type of derivative contracts are offered on Phemex? A1: Perpetuals Q2: When must perpetual contracts be settled or expire? A2: Indefinite time Q3: If you believe the price of BTC will rise, you would initiate a contract or position as a: A3: Buyer (Long) Q4: When you close a long position in profit, our system will: A4: Automatically calculate and pay you the price difference between your contract opening and closing times. Q5: Is there a cost or fee to keeping a position/contract open? A5: Yes Lesson 3/4: Leverage and Liquidation Q1: Can Phemex’s perpetual contracts be traded with leverage? A1: Yes Q2: If you have 1 BTC, but you use 10x leverage to open your position, how much would your position be worth? A2: 10 BTC Q3: If a position would have yielded $10 in profit without leverage, how much would it yield with 10x leverage? A3: $100 Q4: What is the maximum leverage you can use for many of Phemex’s contract listings? A4: 100x Q5: If your position gets liquidated you: A5: Lose all of the funds you used to open that position. Q6: The more leverage you use, the ___ your risk of liquidation. A6: higher Lesson 4/4: Margin Q1: Margin refers to the funds you allocate to: A1: Open Positions Q2: If you open a position with 1BTC and 10x leverage, how much margin have you allocated to this position? A2: 10 BTC Q3: If your position gets liquidated on isolated margin mode, you will: A3: Lose only the funds allocated to the position. Q4: Cross Margin mode allows Phemex to automatically: A4: Employ unused available funds as additional margin for positions at risk of liquidation. Q5: While using Cross Margin mode, is it possible to lose all of the funds in your account, even those not initially allocated to positions? A5: Yes Q6: Adding more margin to a position decreases the risk of liquidation. A6: True Phemex learn and earn is a site just like coinbase rewards where the crypto or cryptocurrency exchange offers free money or crypto for simply answering a few multiple choice questions that won't take much of your time and I'll give you the answers too! This quiz titled "What are Crypto Derivatives (Perpetual Contracts)" offers $.8 USD for completing it and takes just a few minutes! Just like coinbase rewards or coinbase learn and earn, phemex randomly adds new quizes to their rewards system which I will try to stay updated with to help you guys get the most gains! ... https://www.youtube.com/watch?v=RFoEAk3_8EY