⚖️How to use the Calculator?

What is Calculator?

The Calculator is a tool that suggests a suitable contract with an insurance payout that offsets the negative profit when the asset price changes according to their digital asset trading information or Futures position.

How to use the Calculator?

Step 1: Visit https://namiinsurance.io/buy-covered and proceed to Connect Wallet

Step 2: Select the Calculator, then the user can choose Spot or Futures.

Step 3: Users enter information about their trading assets, specifically:

For Spot assets

• Enter the quantity of assets

• Enter the entry price

• Enter Stop Loss price (SL, also known as P-Claim)

For Futures trading

• Enter Trading Volume

• Enter Leverage

• Enter Entry Price

• Enter Stop Loss Price (SL, also known as P-Claim)

Step 4: After entering information about the trading asset, the system will suggest to the user an insurance contract with a payout to compensate for the previous negative profit. The user can adjust the following specific parameters:

• Margin: margin for the insurance contract

• Period: Validity period of the insurance contract

After completing the input of the above parameters, the system will display the Insurance Payment Value (Q-Claim), this Q-Claim will include the insurance margin and the compensation payment for negative profit from a decrease in the value of the digital asset of a Spot transaction or from the spread of a Futures position.