# Websea > The Web3 digital asset world for global youth Websea is a cryptocurrency exchange where users can trade spot and futures contracts, copy professional traders, and earn yield on digital assets. Websea provides spot and futures trading with leverage, a Futures Insurance product that distributes airdrops to offset trading losses, and principal-protected copy trading. Users can also access yield-bearing savings products and social features including live streams and community content. The platform holds MSB licenses in the US and Canada and integrates a native WBS token for staking and platform rewards. - Type: Company - Sector: Finance - Status: Active - Profile: https://thegrid.id/profiles/websea ## Products - [Websea](https://thegrid.id/profiles/websea): Websea is a centralized cryptocurrency exchange offering spot trading, USDT-margined perpetual futures contracts with leverage up to 50x, and copy trading in standard and principal-protected variants. The copy trading feature allows users to mirror the positions of selected lead traders, with the principal-protected variant safeguarding the user's allocated capital against copied losses. A futures insurance mechanism generates insurance nodes each time a user's cumulative losses reach 100 USDT and distributes airdrop compensation to active nodes when the insurance pool reaches its threshold. The Yongying Fund is a principal-protected staking product that accepts WBS tokens across fixed subscription periods, denominating returns in WBS and using a Gold Standard Shield mechanism to compensate users in USDT if the WBS price falls below the subscription price at maturity. Additional offerings include a fiat OTC ramp, an interest-bearing earn product, social features (Square content hub, live streaming, and group (Centralised Exchange, Live, Main Product) ## Assets - [Websea Token (WBS)](https://thegrid.id/profiles/websea): WBS is the utility token of Websea, a centralized cryptocurrency exchange. It is used for staking in the platform's Yongying Fund yield pools, earning ecosystem rewards, and participating in governance. A portion of trading fee revenue funds monthly WBS buybacks and burns, with a stated target of reducing total supply from 300 million to 100 million tokens. (Utility) ## Links - [Main](https://www.websea.com) - [Documentation](https://webseahelp.zendesk.com/hc/en-us) - [Terms of Service](https://webseahelp.zendesk.com/hc/en-us/articles/7064836323983-Websea-Service-Agreement) - [Privacy policy](https://webseahelp.zendesk.com/hc/en-us/articles/7064809622543-Websea-Privacy-Protection) - [Twitter / X](https://x.com/webseaofficial) - [Telegram](https://t.me/Webseaofficial) - [Twitter / X](https://x.com/Websea_CN) - [Telegram](https://t.me/WebseaofficialCN) - [Instagram](https://www.instagram.com/websea_official) - [Facebook](https://www.facebook.com/profile.php?id=61582416407514) - [YouTube](https://www.youtube.com/@Websea_Official) - [Medium](https://medium.com/@WebseaNews) ## Legal This data is provided under two licensing models. Model 1 - open data. The open data core is licensed under the Open Database License (ODbL) — a copyleft/share-alike license allowing free use, modification, and sharing for any purpose. Attribution is required: include "Powered by The Grid" linking to https://thegrid.id wherever the data is used. Derivative databases must be shared under ODbL terms. Trademarks, logos, and brand names (marked "Special TPIP") are not covered by the ODbL. For ML/AI use: training datasets that substantially extract ODbL data are Derivative Databases and must be shared under ODbL if publicly used; models must be attributed in documentation. Model 2 - commercial licenses. The Grid Data Service (TGDS) is also available as a commercial license. See [Web Services Terms](https://about.thegrid.id/legal/web-services-terms) for commercial use that is not covered by the open data service. The following applies to both licensing models. - All data is provided AS IS with no guarantees of accuracy. - The Grid does not provide investment, legal, or tax advice, and - a project's presence in The Grid's data does not imply endorsement. - [Data Licensing & Disclaimers](https://about.thegrid.id/legal/data-licensing-and-disclaimers): Licensing models and disclaimers - [Open Data (ODbL)](https://about.thegrid.id/legal/open-data): Open Database License terms and scope for The Grid's open data service. - [Attribution Guidelines](https://about.thegrid.id/legal/open-data-attribution-guidelines): How to attribute The Grid's data when using the open data service. - [Web Services Terms](https://about.thegrid.id/legal/web-services-terms): commercial Terms for using data services. - [All Legal Documents](https://about.thegrid.id/legal): Full index of terms, policies, and disclosures ## Optional - [TGS Field Descriptions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-field-descriptions.md): Schema field definitions for The Grid's data model - [TGS JSON Structure](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-json-structure.md): Data model structure and relationships - [Product Type Definitions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-definitions.md): Definitions for each product type - [Product Type Classification](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-classification.md): Guide for classifying products into types - [Grid MCP Guide](https://github.com/The-Grid-Data/workspace-public/blob/main/grid-search/skills/grid-query/references/grid-mcp-guide.md): How to query The Grid programmatically via MCP