WO2020213782A1

WO2020213782A1 - Cryptocurrency transaction method using insurance

Info

Publication number: WO2020213782A1
Application number: PCT/KR2019/005389
Authority: WO
Inventors: 송효근; 유아름; 권구만
Original assignee: 주식회사 핀트라
Priority date: 2019-04-17
Filing date: 2019-05-07
Publication date: 2020-10-22

Abstract

A cryptocurrency transaction method using insurance, according to an embodiment of the present invention, has steps that are executed, respectively, by a server in a cryptocurrency exchange, and comprises the steps of: receiving, from each of a plurality of users, a transaction request and transaction information including transaction price, an insurance premium corresponding to a predetermined percentage of the transaction price, and a position that indicates buying or selling, and entering a transaction according to the received transaction information; settling a transaction when a preset earning rate or loss rate is reached; compensating for a lost amount by paying at least a portion of the insurance premiums received from the plurality of users to a user who incurred loss after the standby time of the user who incurred the loss elapses, when an insurance payment request is received from the user who incurred loss from among the plurality of users; and adjusting the waiting time of the user who incurred loss.

Description

Cryptocurrency transaction method using insurance

The present invention relates to a method of trading cryptocurrency, and in particular, to compensate for the loss of a trader by using insurance.

Blockchain is currently being applied from various angles in various fields such as finance, games, identity verification, and security, and attempts are constantly being made for commercialization. Blockchain is bringing about breakthrough changes, especially in the financial system. The world's leading banks are already successfully completing financial process improvements using blockchain.

Cryptocurrency, the core of the blockchain, is proving its value as a digital financial asset that will replace traditional financial assets. To date, bitcoin is a means to safely transfer high-value assets in the shortest time, and its high volatility gives bitcoin and other cryptocurrencies a value as an investment product. In addition, cryptocurrency is a unique value storage means that is not linked to existing currency or asset values, and has a meaning as a digital asset that can replace existing currencies that lacked anonymity, security, and transparency.

The exchange is an important medium that enables the value of cryptocurrency to be recognized as an exchangeable asset. Therefore, considering the role of cryptocurrency as a financial asset, cryptocurrency exchanges can be seen as the most promising cryptocurrency business area with long-term sustainability and high profitability. Competition among cryptocurrency exchanges is becoming more intense than ever, and various cryptocurrency exchange business models are emerging.

However, despite the high potential value of the cryptocurrency, the cryptocurrency market continues to weaken, and the cryptocurrency transaction volume continues to be sluggish.

As the cause of the current market situation where cryptocurrency trading itself is not actively increasing, it can be pointed out that it is difficult for the general public to understand cryptocurrency and that the risk when investing is too high. Low interest in cryptocurrency, risk of loss due to high price volatility, and the concept of a rather complex and difficult cryptocurrency are the biggest obstacles that hinder the growth of the market by preventing the general public from investing.

The absence of financial institutions specializing in cryptocurrency that allows the general public without expertise to entrust investments and the absence of financial products that enable risk aversion also contribute to inaccessibility compared to traditional financial markets. Since the entire cryptocurrency market has an extreme positive correlation with the price of bitcoin, which is a single stock, the inability to form individual portfolios is a fundamental limitation, and individual investors suffer extreme losses due to the lack of risk management when cryptocurrency prices fluctuate. You will have the width.

The present invention aims to provide a cryptocurrency trading method that lowers the barrier to entry into the cryptocurrency market by managing risk using insurance and allows new investors and existing investors who have left the cryptocurrency market to easily access the market.

A cryptocurrency trading method using insurance according to an embodiment of the present invention is a cryptocurrency trading method in which each step is executed on a server of a cryptocurrency exchange, and includes a transaction request, an investment amount, and the investment amount from each of a plurality of users. Receiving transaction information including a premium corresponding to a predetermined ratio and a position indicating whether to buy or sell, and executing a transaction according to the received transaction information; Liquidating the transaction when a predetermined rate of return or loss is reached; When receiving a request for insurance payment from a user who has suffered a loss from among the plurality of users, at least a part of the premium received from the plurality of users is paid to the user in which the loss has occurred after the waiting time of the user in which the loss has elapsed. Preserving; And adjusting the waiting time of the user in which the loss has occurred.

The profit rate and the loss rate may be set equally for a plurality of users.

A value obtained by multiplying the investment amount by the rate of return may be set larger than the insurance premium, and a value obtained by multiplying the investment amount by the loss rate may be set smaller than the insurance premium.

The transaction information may further include a leverage multiplier, and in the liquidating step, a profit or loss may be calculated based on a transaction price that is an amount obtained by multiplying the investment amount by the leverage multiplier.

Further comprising the step of providing a token proportional to the transaction price of each user to each of the plurality of users, and in the step of adjusting the waiting time, the waiting time may be set based on the paid token.

The limit of the transaction price may be set in proportion to the token.

When the amount of circulation of the token exceeds a predetermined amount, the step of purchasing the tokens from the plurality of users and burning them may further include maintaining the amount of circulation less than the predetermined amount.

Further comprising the step of providing a token proportional to the investment amount of each user to each of the plurality of users, and in the step of adjusting the waiting time, the waiting time may be set based on the paid token.

According to an embodiment of the present invention, it is possible to reduce the risk of loss of a trader by using insurance.

In addition, the commission income can be distributed to traders through trade mining.

In addition, it is possible to increase the trading volume through margin trading, thereby increasing the trader's profit and the exchange's commission profit.

1 is a diagram showing a cryptocurrency trading system 1 according to an embodiment of the present invention.

2 is a diagram for explaining features of a cryptocurrency transaction method according to an embodiment of the present invention.

3 is a view for explaining an insurance transaction according to an embodiment of the present invention.

4 is a diagram showing an example of an insurance transaction according to an embodiment of the present invention.

5 is a diagram illustrating a method of trading cryptocurrency using insurance according to an embodiment of the present invention.

6 is a diagram illustrating insurance processing when a loss occurs to a user according to an embodiment of the present invention.

Based on the principle that the inventor can appropriately define the concept of terms in order to describe his own invention in the best way, terms or words used in the present specification and claims are consistent with the technical idea of the present invention. It should be interpreted as meaning and concept.

Throughout the specification, when a part "includes" a certain component, it means that other components may be further included rather than excluding other components unless specifically stated to the contrary. In addition, when one component is said to be "connected", "transmitted", "transmitted", "received" or "transmitted" to another component, it is not only the case that is directly connected, transmitted, transmitted, received or transmitted, but also the other It also includes cases that are indirectly connected, transmitted, transmitted, received or transmitted through components. In addition, terms such as "...unit", "...group", "module", and "device" described in the specification mean units that process at least one function or operation, which is a combination of hardware or software or hardware and software. It can be implemented as

Hereinafter, embodiments of the present invention will be described in detail with reference to the accompanying drawings.

Referring to FIG. 1, the cryptocurrency trading system 1 includes a plurality of user terminals 100 and an exchange server 200. The plurality of user terminals 100 and the exchange server are connected through the Internet.

The user terminal 100 may be a mobile phone, a computer, a laptop, etc., in which an app or program for executing a cryptocurrency transaction method according to an embodiment of the present invention is installed. The user terminal 100 may transmit the transaction information and transaction request input by the user to the exchange server 200, and display various types of information received from the exchange server 200 through a screen provided in the user terminal 100. I can.

The exchange server 200 concludes a transaction according to the transaction information and transaction request received from the user terminal 100 and clears the transaction. In addition, the exchange server 200 pays insurance money for a user in which a loss has occurred, and sets a waiting time for the user to whom the insurance money has been paid until the transaction resumes.

Although FIG. 1 shows that the exchange server 200 is physically one, the scope of the present invention is not limited thereto, and a plurality of servers may operate in conjunction according to the function. For example, the exchange server 200 includes a server that processes user's personal information, a server that processes each user's transaction conditions, transaction conclusion, and transaction liquidation, and a server that processes insurance premium payment and insurance payment payment. can do.

In this specification, the description that "user" or "exchange" performs any processing may be interpreted as "user terminal" or "exchange server" performing the processing.

Referring to FIG. 2, a cryptocurrency transaction method according to an embodiment of the present invention has three characteristics: insurance transaction, margin transaction, and trading mining.

In the insurance transaction, insurance premiums corresponding to a certain percentage of the investment amount are received from a plurality of users, and in the case of loss to some users, at least part of the received insurance premium is paid as insurance money. Accordingly, the user can compensate for the transaction loss.

Margin trading refers to trading by depositing a margin corresponding to a certain percentage of the investment amount and borrowing additional funds or assets to make transactions beyond equity capital. Accordingly, since the user can invest as a transaction value of the amount obtained by multiplying the investment amount by the leverage multiplier, it is possible to increase the profit compared to the case of investing only the investment amount of the user.

Trading mining is the payment of tokens in proportion to the user's transaction value (in case of not trading margin, the investment principal). Tokens are issued by the exchange itself, and the exchange can give preferential treatment to users or pay dividends in proportion to these tokens. Accordingly, it is possible to promote user transactions.

First, insurance transactions will be described in detail with reference to FIGS. 3 and 4, and then margin trading and trading mining will be described in detail.

3 is a view for explaining the insurance transaction of FIG. 2.

Insurance transaction is a method of trading cryptocurrency after the user pays insurance premiums in advance.It is a cryptocurrency transaction method that users can easily use while earning a fixed profit with low risk. The insurance fund consisting of the cumulative insurance premiums of users is transparently disclosed through the cold wallet, and users can always check the fund's operation status.

Insurance transactions avoid risk by taking advantage of the fact that the two positions in the transaction, buy and sell, offset each other's profits and losses.

Specifically, the user deposits insurance premiums corresponding to a certain ratio of the investment amount and the investment amount in the exchange in the trading account and starts the transaction. The user's investment amount is placed in the futures market or the spot market in the exchange, and insurance premiums corresponding to a certain percentage of the investment amount are stored in the insurance fund. At this time, all contracts concluded in the market through the exchange's own platform are automatically liquidated according to the liquidation conditions entered in advance. Therefore, all users trading within the platform will have a certain rate of return and loss, and once the contract is concluded, the transaction It is irreversible to stop or reverse. That is, in this embodiment, the rate of return and the rate of loss corresponding to the liquidation condition are set equally for a plurality of users, and when the rate of return or loss is reached, the transaction is liquidated.

The user enters the investment amount and position, that is, buy (long) or sell (short), according to his or her prediction and judgment. Users in the long position earn profits if the market rises above the amount they buy, and loses if they fall. Users in the short position earn profits if the market falls below the amount they sold and loses if they rise. In all cases where a profit is earned, the position is automatically closed at the same rate of return. In all cases of loss, positions are automatically closed at the same loss rate line. The loss rate is set lower than the return rate.

In this embodiment, when the concluded transaction reaches a preset rate of return and is liquidated (in case of an increase in the value of the cryptocurrency), the sum of the investment amount (A) and the investment return (C) is always the investment amount (A) and the insurance premium ( It is set to be greater than the sum of B). That is, A+C>A+B. Accordingly, it is possible to prevent the user of the long position from incurring losses due to payment of insurance premiums.

In addition, when the executed transaction reaches a preset loss rate and is liquidated (in case of a decrease in the value of the cryptocurrency), the sum of the absolute value of the investment amount (A) and the loss amount (D) is the investment amount (A) and insurance premium (B). It is set to be less than the sum of ). That is, A+|D|<A+B. Accordingly, the loss of the user of the short position can be paid from the insurance fund.

According to an embodiment, when a user continuously loses in a transaction, a waiting time occurs until an actual insurance refund is received after applying for insurance payment, and if the number of consecutive losses increases, the waiting time may increase proportionally.

The accumulated balance of the insurance fund is the sum of the amount paid by the user who made a profit from the insurance transaction and the amount received by the user who made a loss in the insurance transaction. The risk aversion strategy using the insurance fund is to use the characteristics of the short and long positions to offset each other's profits and losses, so if the difference between the total amount of one position and the total amount of the other position exceeds a certain percentage, it is applicable. Disable new entry into positions to keep the ratio of both positions close to about 5:5.

In addition, an upper limit of the total transaction value per person is set, and the upper limit of the transaction value may be determined according to the amount of tokens held. Therefore, when you want to trade more money in insurance transactions, you need to own more tokens. These devices can promote token distribution by providing incentives for users to purchase tokens while preventing the monopoly of insurance funds.

4 is a diagram showing an example of an insurance transaction according to an embodiment of the present invention. In this embodiment, it is assumed that the insurance premium is 40% of the investment amount, and the cryptocurrency to be traded is bitcoin.

Users A and B both deposited an investment of $5,000 and an insurance premium of $2,000 (40% of the investment) and started trading. User A chooses a long bitcoin position, and user B chooses a short bitcoin position vice versa. After that, the price of bitcoin rose sharply, and both user A and user B's transactions were automatically liquidated by the insurance transaction system.

User A was liquidated with a return of 49% ($2450) based on the amount of the investment, resulting in a total balance of $7450. Since the $2,000 premium was used as a transaction fee, it could be seen that the result was $450. In other words, A made a profit of $450 based on the total cost (the sum of the investment amount and the premium of $7,000), thus leaving a net profit of 6.4%.

User B pays a 37% loss ($1850) based on the investment amount and is liquidated, leaving a total balance of $3150, but can apply for insurance and recover all the principal and resume the transaction with the investment amount of $5000.

In other words, User A who won through insurance transactions earned 6.4% of net profit, and User B who lost money recovered the loss by recovering the principal with insurance money.

Next, the margin trading will be described in detail.

In principle, the transaction amount can be selected by the user within the limit of the assets of the exchange. According to an embodiment, a user may perform a margin transaction in which a user deals with an amount exceeding the amount held by the user.

In particular, futures trading enables users to trade larger assets with some or all of their assets as collateral through leverage, and allows users to enjoy the effects of large volatility even with small volatility, so that profits and risks can be controlled at the same time. And you can control the speed of clearing the transaction.

Furthermore, if futures trading is used in conjunction with margin trading, which allows users to trade on a larger scale than their owned assets, the exchange will take advantage of the amplified trading volume and commission income through this. I can.

The leverage factor can be freely selected from 1x to 100x, for example. You can choose to sell or buy a position, and when you select a position, an order is placed on the real futures market operated by the exchange.

Next, trading mining will be described in detail.

Trading mining is to share the exchange's profits by paying the exchange's own tokens according to the user's trading value (in case of not doing margin trading).

Tokens can be issued in advance on a cryptocurrency exchange. Matters related to the issuance and sale of tokens can be recorded in the smart contract. The exchange recognizes the user's contribution to the company by paying tokens in proportion to the user's transaction amount, and can handle the user's transaction conditions (total transaction amount, waiting time, etc.) differently depending on the amount of token holding. In addition, if the exchange determines that the amount of token circulation is large, it can purchase and burn tokens to prevent inflation.

Such trading mining is especially useful for futures trading.

In general, when the cryptocurrency market suffers a downtrend, the trading volume of spot exchanges has shown a sharp decline at once. On the contrary, however, the trading volume on the futures exchange showed a remarkable sharp rise in the downtrend. Unlike spot exchanges, futures margin exchanges, which can make profits even in the downturn in the market, are not only essential for investors to establish investment strategies in a highly volatile cryptocurrency market, but also because they have low sensitivity to profitability to downward movements in the market. It is also a necessary business model as well. However, the present invention is not limited to futures transactions and may include spot transactions.

Embodiments of the present invention may include not only insurance transactions, but also margin trading and trading mining. You can compensate users' losses through insurance transactions, maximize users' profits through margin trading, and share exchange revenue through trading mining. Accordingly, in the case of simply including margin trading, it is possible for the exchange to share with users rather than monopolizing the increase in the profits of the exchange obtained by increasing the fee. In addition, if only trading mining is included, commission income may decrease due to the limitation of inflow of new capital, resulting in a decrease in dividends and a sharp decline in token demand. However, according to the present embodiment, since the exchange purchases and burns the token, it is possible to prevent a decrease in the token value. In addition, since it is possible to promote the inflow of new traders because it removes the risk of loss of users due to insurance transactions, it is possible to prevent a decline in token value.

Referring to FIG. 5, first, the user terminal transmits a transaction request input from the user (S100). The transmission of the transaction request can be implemented in a direct method such as pressing a specific button on an app or program on the user terminal, or in an indirect method such as automatically transmitting a transaction request when executing an app or program installed on the user terminal. May be.

When the exchange server receives the transaction request, the exchange server checks the user's transaction conditions corresponding to the transaction request (S110).

When it is confirmed that the transaction conditions are satisfied, the exchange server requests transaction information (S120). Transaction information may include investment amount, leverage multiplier, insurance premium and position. The request for transaction information may be implemented by displaying a screen in which an investment amount, leverage multiplier, insurance amount, and position can be input on the user terminal.

In response to the transaction information request from the exchange server, the user inputs transaction information, and the daughter user terminal transmits the input transaction information to the exchange server (S130).

Then, the exchange server concludes a transaction according to the input transaction information (S140).

After the transaction is concluded, the exchange server notifies the user terminal that the transaction has been concluded (S150).

Thereafter, when the liquidation condition is reached, the exchange server liquidates the transaction (S160). That is, the exchange server may process deposits and withdrawals of the user's trading account according to the liquidation result.

Then, the exchange server transmits the transaction result to the user terminal (S170).

FIG. 6 is a diagram illustrating a process after FIG. 5, and is a diagram illustrating insurance processing when a loss occurs to a user.

Referring to FIG. 6, a user incurred a loss requests insurance payment to an exchange server through a user terminal (S200).

When the exchange server receives the insurance payment request, it checks the insurance payment conditions and, if the conditions are satisfied, pays the insurance payment (S210). For example, the insurance payment condition may include whether a user's previous transaction exists, whether a loss has been issued in the previous transaction, and whether a waiting time has elapsed since the request for insurance payment.

After the insurance payment is paid, the exchange server notifies the user terminal that the insurance payment has been paid (S220).

Then, the exchange server updates the transaction conditions (S230). The terms of the transaction may include the total transaction price or waiting time.

Thereafter, the exchange server notifies the user of the updated transaction conditions (S240).

According to an exemplary embodiment of the present invention, a user can obtain a stable return and eliminate the risk of loss without a high-level investment strategy or investment product, even for a general person without specialized knowledge. Risk hedging is possible without incurring additional costs except for transaction fees in the market. In addition, if you hold the exchange token obtained through the transaction, you can obtain a steady dividend income, and you can use a larger amount of insurance transactions.

In addition, due to the decrease in the risk of loss, the distribution of commission revenue, and the increase in traders due to the increase in profits due to the increase in transaction volume, the exchange secures not only existing cryptocurrency traders but also the general public who are not familiar with cryptocurrency as new users, thereby stealing users between exchanges. It is not competition, but through pure new capital, which leads to an increase in transaction volume to maximize commission income and promote sustainable business growth. With the growth of the exchange, the long-term value of the token can be expected to increase.

As such, it acts as a gateway for the general public to easily enter into cryptocurrency trading, and organic growth of the cryptocurrency market can occur due to the influx of new cryptocurrency investors as well as existing cryptocurrency investors. In addition, liquidity is supplied to the market through an increase in trading volume, which can reduce transaction costs for market participants.

As described above, the present invention has been described in detail through preferred embodiments, but the present invention is not limited thereto, and various modifications and applications can be made within the scope of the technical spirit of the present invention. It is self-explanatory to the technician. Therefore, the true scope of protection of the present invention should be interpreted by the following claims, and all technical ideas within the scope equivalent thereto should be interpreted as being included in the scope of the present invention.

Claims

Each step is a cryptocurrency transaction method executed on the server of a cryptocurrency exchange,

Receive transaction information including a transaction request, investment amount, insurance premium corresponding to a predetermined ratio of the investment amount, and a position indicating whether to buy or sell from each of a plurality of users, and conclude a transaction according to the received transaction information Step to do;

Liquidating the transaction when a predetermined rate of return or loss is reached;

When receiving a request for insurance payment from a user who has suffered a loss from among the plurality of users, at least a part of the premium received from the plurality of users is paid to the user in which the loss has occurred after the waiting time of the user in which the loss has elapsed. Preserving; And

Adjusting the waiting time of the lost user;

Cryptocurrency transaction method using insurance including a.
The method of claim 1,

The rate of return and the rate of loss are identically set for a plurality of users.
The method of claim 2,

A value obtained by multiplying the investment amount by the rate of return is set to be greater than the insurance premium, and a value obtained by multiplying the investment amount by the loss rate is set to be smaller than the insurance premium.
The method of claim 1,

The transaction information further includes a leverage multiplier,

In the liquidating step,

A cryptocurrency trading method using insurance, characterized in that calculating a profit or loss based on a transaction price, which is an amount obtained by multiplying the investment amount by the leverage multiplier.
The method of claim 4,

Providing a token proportional to the transaction price of each user to each of the plurality of users;

Including more,

In the step of adjusting the waiting time, the waiting time is a cryptocurrency transaction method using insurance, characterized in that set based on the paid token.
The method of claim 5,

The cryptocurrency trading method using insurance, characterized in that the limit of the transaction price is set in proportion to the token.
The method of claim 5,

When the amount of circulation of the token exceeds a predetermined amount, purchasing the tokens from the plurality of users and burning them, thereby maintaining the amount of circulation less than the predetermined amount;

Cryptocurrency transaction method using insurance, characterized in that it further comprises.
The method of claim 1,

Providing a token proportional to the investment amount of each user to each of the plurality of users;

Including more,

In the step of adjusting the waiting time, the waiting time is a cryptocurrency transaction method using insurance, characterized in that set based on the paid token.
The method of claim 8,

When the amount of circulation of the token exceeds a predetermined amount, purchasing the tokens from the plurality of users and burning them, thereby maintaining the amount of circulation less than the predetermined amount;

Cryptocurrency transaction method using insurance, characterized in that it further comprises.