Risk disclosure

Plain words, before you play.

Live is real trading

Live opens real leveraged positions on your Strike account. On mainnet the money is real, and you can lose it.

The basics

• Which network. This app trades on Strike testnet, where your balance is in test dollars with no real-world value. A deployment can trade on Strike mainnet only when its operator turns that on on purpose; there, Live uses real funds.
• Demo uses no money. The demo balance can't be bought, sold, withdrawn or redeemed.
• Not financial advice. Nothing in strikeabox or this guide is investment, trading or financial advice, or a recommendation to trade anything.
• Past results predict nothing. How you do here says nothing reliable about how you'd do trading real money.

Live

A live box opens a real leveraged perpetual futures position on the Strike network the app trades on. On testnet the money has no value, but the mechanics are those of a real derivatives exchange.

• No fixed payout. You get what the market gives you. There is no multiplier.
• Estimates can be wrong. The amount on each box is an estimate from the current book and fees, rounded down. Fills, fees and slippage decide the real result.
• A target hit can still lose. Strike's trading fee and the strikeabox fee are charged on entry and on exit, and the spread comes on top. For the small moves on the board, those costs can be larger than the gain at the target. See Fees.
• Leverage amplifies. Your position uses your Strike account's leverage for that market. Gains and losses run on the full size of the position, which is larger than the margin it uses.
• Fills can land past the trigger. Targets and stops trigger on the mark price but fill in the order book. On a thin book, the fill can be far from the trigger, so a stop limits the loss without capping it exactly. An entry can also fail to fill at all.
• Liquidation. Like any leveraged position, a live position can be liquidated by Strike if your margin runs out.
• A close can fail. If strikeabox can't close a position at the deadline, it stays open on Strike until you close it yourself. See Still open on Strike.
• Outages. Strike, strikeabox or your connection can go down. Target and stop orders rest at Strike, but the time exit needs the strikeabox server.
• Key custody. strikeabox holds a trading key for your Strike account. It can place and cancel orders and ask Strike for deposits and withdrawals, but it can't move funds on its own: every deposit and withdrawal needs your wallet's signature, and withdrawals only go to the wallet you connected. If the strikeabox server were compromised, someone could place or cancel orders on that account. You can revoke the key at any time; see Disconnect.
• Deposits and withdrawals are chain transactions. Once your wallet sends a deposit, it can't be undone. Your wallet pays the network fee, and Strike charges $1 per withdrawal. Check the amount and Strike's vault address in your wallet before you sign. See Add funds.

Demo

• Expect your demo balance to shrink over time. Every multiplier has a 10% house edge built in: multipliers are set to pay back 90% of what you stake, on average. Measured on recorded Strike prices, the return was lower. See The house edge.
• Multipliers are not a forecast. They come from live market prices and odds, and real prices can move in ways no quote expects.
• Results follow fixed rules on Strike's price. Each result is decided on Strike's recorded mark price by the rules in Won, lost or void. If the price feed has a gap, an undecided box is void and refunded.

Keep it a game

Set yourself limits. Live has fixed caps, Demo has a daily stake limit, and a session reminder covers both: see Responsible play.