I have already started experiencing this product from OKX:

1️⃣The “knock out” mechanism of FCN:

In the dual currency, you could only set a low buy price or a high sell price in USDT, which is commonly referred to as the strike price. If the price does not reach that level, you wait until maturity to receive the fixed income.

However, FCN adds a knock out price, meaning you can set a reverse price, and if it is reached, the knock out will be executed at that week's price.

For example, if you set a low buy for Bitcoin at 65000 USDT, but the knock out price is set at 83000 for five weeks, then if it reaches 83000 in the second week, you can knock out that week and still receive the returns from the previous weeks.

This effectively allows you to enjoy both a high annualized return while avoiding the risk of currency exchange at maturity.

2️⃣Satisfying price ranges that dual currency cannot meet.

Since dual currency essentially packages fixed options into a financial product, there are price ranges we need to set that dual currency cannot achieve, but FCN can set prices to meet more needs.

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