MDAI 001

Introduction of MDAI 001

Name: MDAI 001(Major Digital Asset Index)

Issue Date: 2018-05-29

Total Amount: 5 Digital Asset Portfolios of BTC, LTC, EOS, XRP, ETH

Overview

MDAI 001 (Exchanged Trading Tokens, short for MDAI 001) Portfolio Trading is a derivative product. From the trading perspective, it is similar to the ETF of a basket of stocks of traditional SPY500 (S&P 500), but with some differences.

It supports trading at any time in a day.

MDAI 001 is similar to the spot markets of index fund, and its trading price is close to the combination of all price-weighted components.

The component coin’s price is selected from the internal market price of the exchange.

The main mechanism for spot anchoring prices is to buy a basket of corresponding digital currencies behind each MDAI 001.

MDAI 001 obtains digital asset market benefits by tracking the index of digital asset MDAI 0015. Through reasonable selection of index components, scientific setting of the components’ weights, and real-time index tracking based on changes in the price of index components, investors holding MDAI 001 can be convenient and efficient in investment, and gain the overall benefits of the digital asset market.

The Price Mechanism of MDAI 001

The MDAI 001 price is the combination of the weighted circulation market value of all component digital currencies:

The Index Price Formula of Crypto5:

Pi,t means the price of the i-th component currency at time t, and Qi,t is its market circulation quantity at time t. Set index0=100 dollars.

Risk Liability and Limitations of MDAI 001

1.Trading digital assets poses great risks. Users agree that transactions in digital assets such as digital currency or tokens pose a great risk. BCEX shall not be liable for risks beyond its control, such as market turmoil, price fluctuations, regulatory activities, market manipulation, offline block network, block network defects, hard fork, or other unexpected factors. Users who lack trading experience or have low risk tolerance should not participate in. In any case, users should not trade beyond their risk tolerance.

2.Trading requires advanced technology and economic foundations. It is not represented that BCEX approves or denies the digital currency’s potential technology that are listed on BCEX website. It is not regarded as a recommendation proposed by BCEX based on the merits of some particular digital assets.

3.Users are fully responsible for their own actions. When a user trades on the exchange's platform, it means that the user did, do, and will do independent discretionary assessment and investigation of the potential risks of transactions and digital assets. BCEX does not provide any investment advice or suggestions on trading techniques, models, and algorithms, or any other plan. BCEX does not provide any advice or suggestions on investment, trading techniques, models, algorithms or other institutions.

4. Users have the responsibility to comply with applicable laws. Users agree that BCEX shall not be liable for deciding which law and whether this law contains the taxation law applicable to the users’ transaction. Users are the only person responsible for reporting and paying taxes incurred when using BCEX services.

5. Users know and accept the risk of operational competition. BCEX trading platform may face sophisticated cyber attacks, unexpected surges in operation, and other activities or technical difficulties that can lead to service interruptions. Users know that BCEX services may face operational issues that cause platform delays. Users agree to accept the risk of transaction failure due to unforeseen or difficult technical issues, including sophisticated hacking. Users agree not to attribute the related losses to BCEX.

6. BCEX is a regulated entity and must comply with relevant laws. Relevant laws, regulations, and administrative orders may require BCEX or BCEX calls for the requirements of the government to freeze the withdrawal transactions or provide the user's account information. Further more, records and users’ certification processes on BCEX are subject to change by law or industry practice at any time. BCEX must comply with the law and users accept any inconvenience or problem caused by BCEX compliance policy.

7. This text is a supplement to the Risk Disclosure Statement.

Force majeure

1. BCEX is not liable for damages caused by the following causes: fire, attack, flood, power outage or malfunction, force majeure, legal actions of public authorities, market price fluctuations in whole or in part, failure of computer, server, or network, safety vulnerabilities or cyber attacks, crimes, delays caused by public carriers, third-party actions or omissions, or other delays, breaches, failures or interruptions that cannot be reasonably foreseen or caused by shortages.

2. In the event of a force majeure, BCEX will no longer fulfill any obligations and these service terms will be completely terminated.

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The Price Mechanism of MDAI 001

The MDAI 001 price is the combination of the weighted circulation market value of all component digital currencies:

The Index Price Formula of Crypto5:

Pi,t means the price of the i-th component currency at time t, and Qi,t is its market circulation quantity at time t.

Set index0=100 dollars.

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