what happens when you get liquidated.
On most venues, everything left in the position is gone. You hit the maintenance floor, the engine takes it, and whatever equity was still sitting there becomes someone else's revenue.
On chineo, liquidation triggers at a tenth of the margin you posted — roughly an 18% move against you at five times. Anyone can call it, and gas here is pennies, so it gets called.
The caller keeps a quarter of what's left in the position.
The other three quarters go back to you.
Not to the house, not to an insurance fund, not to the protocol. Back to the wallet that got liquidated. It's a few cents at that point — but it's your few cents, and there was no good reason for anyone else to have them.
Eight Chinese penny stocks, one to five times, settled in real USDG on chain.
Your best case is escrowed out of the house before your position exists — it can only promise what it's already holding.
Two yuan, five times.
https://t.co/wfAoX71bvD
Eight Chinese penny stocks.
Shanghai & Shenzhen.
Long or short.
Up to 5× leverage.
Margined in real USDG.
Settled on chain.
Steel mills. Refineries. Ports. Railways. Property.
No shares change hands.
You open at the market price.
You close at the market price.
The contract settles the difference.
The house escrows your maximum possible win before your position exists.
No spread.
No closing fee.
0.1% to open.
0.12% of notional per day.
Prices come from the Shanghai and Shenzhen tape, converted to dollars and written on chain.
The contracts are unaudited.
Leverage can take your entire margin.
Nothing here is advice.
Nothing on earth moves like a stock nobody is watching.
chineo
红涨绿跌
one of the eight, up close.
https://t.co/Xy3H8mkGbY — Shandong Chenming Paper. One of the largest paper mills in China. Mills in Shandong, Guangdong, Jiangxi, Hubei. Millions of tonnes of pulp and paper a year.
It trades at ¥1.99. Twenty-nine US cents a share.
It also carries the ST mark — 特别处理, special treatment, the tag Shenzhen puts on a company in financial distress. An ST stock isn't allowed to move more than 5% in a day, half the normal limit. The exchange is holding it by the collar.
So you have a real industrial business, priced like a rounding error, in a cage that lets it move 5% a day. At five times, that cage is 25% of your margin — in one session, on a stock that ticks in one fen.
Someone is already long it on chineo at five times. Entry $0.29712, liquidation $0.24366, both readable by anyone at the venue address.
Seven more where that came from.
https://t.co/Apqn0yuZDQ
how to buy a Chinese penny stock in three steps.
1. Bring USDG to Robinhood Chain, open https://t.co/Apqn0yurOi and press Enter the desk. Connect your wallet — it'll offer to add the network if it's new. No account, no signup.
2. Pick one of the eight listings on the left. Set your margin in USDG, drag leverage to anywhere from 1× to 5×, and press Long 做多. Before you commit, the ticket prints your entry, your exact liquidation price, the most you can win and what it costs to hold.
3. Sign twice — once to approve USDG, once to open — and it's live. Your position shows P&L, entry and liquidation in real time. Close whenever you like and it settles straight to your wallet.
That's it. Two yuan, five times.
https://t.co/Apqn0yurOi
why Chinese penny stocks.
Every levered product points at the same twenty tickers. BTC, ETH, SOL, NVDA, whatever is trending. Thousands of people with the same position, the same liquidation zone, the same narrative.
Meanwhile there are companies in Shanghai and Shenzhen trading at two yuan that nobody has written a note on in years. A steel mill from 1997. The harbours at Dalian. A refinery the size of a small country, quoted at the price of a bus ticket.
They move. A one-fen tick on a ¥1.47 share is a 0.7% move, and at five times that's 3.4% of your margin — from the smallest price increment the exchange allows.
Nobody is crowded into them because nobody is looking at them.
chineo makes them tradeable: long or short, one to five times, settled in real USDG on chain. No account, no custody.
what chineo is.
There are eight companies in China trading between one and three yuan — steel mills, harbours, a refinery, an oilfield driller. Real businesses, priced at twenty to forty-six US cents a share, that no research desk covers.
chineo is a venue for taking a position on them. Long or short, one to five times, margin posted in real USDG on Robinhood Chain. No share changes hands; the contract records your entry and pays the difference when you close.
What makes it different from every other leverage venue: your best case is escrowed out of the house before your position exists. It can only promise what it's already holding.
No account, no custody, no gate — your wallet and the contract.
CA: 0x3Ddb5f1b51c0da0ec4f4E5e50A74218e9741741F
how chineo works, start to finish.
You pick one of eight Chinese penny stocks, a side, and a leverage between one and five. Say 10 USDG at 5× on Liaoning Port, long.
The contract takes your 10 USDG, keeps 0.10% as the open fee, and records the price at that instant as your entry. Your size is 9.99 × 5 = 49.95 USDG of exposure. No share is bought and none is held anywhere — this is a cash-settled position on a published price.
At the same moment, the house escrows your best case. Profit is capped at twice your margin, so ~20 USDG is reserved out of the house's free liquidity before your position exists. That's why the desk shows a max ticket and refuses anything bigger: the venue is only allowed to promise what it's already holding.
While you hold, it costs 0.12% of your notional per day. Nothing else — no spread, no closing fee, no funding auction.
Prices come off the Shanghai and Shenzhen tape, convert to dollars at the ECB reference rate, and are written on chain by a key that can do exactly one thing: write a number. It can't touch collateral, and it can never be replaced.
Close whenever you like and the contract pays the difference. Or, if the stock moves ~18% against you at 5×, your equity hits a tenth of your margin and anyone can liquidate you — the caller keeps a quarter of what's left, and the other three quarters come back to you.
That's it. Your wallet and the contract, no account in between.
chineo — what it actually does.
Eight Chinese penny stocks, Shanghai and Shenzhen, ¥1.47 to ¥3.09. Long or short, one to five times, margined in real USDG on Robinhood Chain.
FULLY COVERED
Profit is capped at 2× your margin and that amount is escrowed out of the house the moment you open. The venue can only promise what it already holds — balance ≥ totalMargin + reserved, on every path.
COSTS
0.10% of margin in. 0.12% of notional a day. No spread, no closing fee, no funding auction.
LIQUIDATION
At a tenth of your margin — about 18% against you at 5×. Anyone can call it. The caller keeps a quarter of what's left; three quarters go back to the trader.
PRICES
Off the Shanghai and Shenzhen tape, converted at the ECB rate, written on chain by one key that can do nothing but write a number. Set once, never replaceable. No post moves a price more than 50%, and trading halts on anything five days stale.
CHARTS
TradingView on daily and above. Intraday from the exchange's own minute prints — 1m through 1H — with your entry and liquidation drawn on the scale.
NO ACCOUNT
No signup, no custody, no gate. Your wallet and the contract. If the site vanished, every position would still close against the venue directly.
Venue 0x7100Fc42D830d5B1FFc5Fd9885c521d12FE38407
Feed 0x48cB96Dd49A065Ff7Bc8A9cb744B2Fb7A1570d8F
chain 4663
Three positions open right now. The house is small and the desk prints the live max ticket. Contracts unaudited.
https://t.co/Apqn0yurOi