# Get started with NoLiquidation Perp

### 1. NoLiquidation Perp (PSC) introduction

NoLiquidation Perp introduction is available [here](#id-1.profit-swap-contract-introduction).

### 2. ***Example: BTCUSDT*** Profit Swap Contract ***specifications***

| Symbol              | BTCUSD- Profit Swap                                                            |
| ------------------- | ------------------------------------------------------------------------------ |
| Underlying          | BTC/USDT index                                                                 |
| Settlement currency | USDT                                                                           |
| Price               | USDT price of 1 BTC                                                            |
| Mark Price(Cost)    | Determined by Superp using the Longstaff-Schwartz Method on a real-time basis. |
| **Expiration**      | 10 Minutes, 1 Hour, 24 Hours, 48 Hours①                                        |
| Tick size           | 0.01                                                                           |
| Leverage            | 100-10,000x                                                                    |
| Close Type          | Manually, Automatically                                                        |
| Trading hours       | 24/7                                                                           |
| Funding Fee         | None                                                                           |
| Trading Fee         | 0                                                                              |
| Settlement Fee      | 10% of the profit②                                                             |

In the Telegram Mini App version of Superp, there is currently only a 10-minute expiration option. If you want more expiration options, please visit <https://www.superp.xyz>

### 3.Position and Order Information Explanation, using BTC as an example:

If you opened a long position with 10 USDT when BTC was priced at 60,000 USDT, and the current market price is 60,100 USDT, you believe it aligns with your expectations and choose to manually settle. Your order details are as follows.

| Order Fields   | Order Info            | Marks                                   |
| -------------- | --------------------- | --------------------------------------- |
| Position       | BTCUSD⬆️- Profit Swap | Call contract                           |
| Entry Price    | BTC/USDT index        | Also Opening Price                      |
| Invest         | 10 USDT               |                                         |
| Amount         | 1 BTC                 |                                         |
| Profit         | 100 USDT              | 60,100 - 60,000                         |
| ROI            | 1,000%                | 100/10, Profit/Invest                   |
| Close Price    | 60,100 USDT           |                                         |
| Leverage       | 6,000x                | 60,000/10, Entry Price/Invest           |
| Close Type     | Manually              |                                         |
| Bonus          | 100 Sugar             | Trade 1 USDT get 10 Sugar③              |
| Trading Fee    | 0                     |                                         |
| Settlement Fee | ~~1~~                 | 10% of the profit and limited-time free |

Superp reserves the right to update the Bonus from time to time without prior notice.