Key Points
- Binance Futures will launch DOGSUSD Perpetual Contract on September 10.
- The Perpetual Contract will launch with as much as 20x leverage.
In an official announcement, Binance revealed the upcoming launch of DOGSUSD Perpetual Contract on Binance Futures with as much as 20x leverage.
Binance has quickly expanded its futures listings to supply customers extra buying and selling selections and improve their expertise.
DOGSUSD Perpetual Contract Details
Here are the official particulars on DOGSUSD COIN-N Perpetual Contract, in line with Binance’s official notes:
- Launch time is September 10, at 10:00 (UTC).
- The underlying asset is Dogs (DOGS).
- The Settlement asset is DOGS.
- The tick dimension is 0.0000001.
- The capped funding fee is clamp (funding fee, -.075*upkeep margin ratio, 0.75*upkeep margin ratio).
- The funding price settlement frequency is each eight hours.
- Trading hours are 24/7.
- Multi-Assets Mode is just not supported.
Also, in line with the official announcement, primarily based on market danger circumstances, Binance could alter the specs of the long run contract talked about above once in a while.
Here are the specs that the change might resolve to regulate:
- Funding price
- Tick dimension
- Maximum leverage
- Initial margin
- Maintenance margin necessities
The DOGSUSD Perpetual Contract is topic to the Binance Terms of Use and Binance Futures.
On August 26, Binance Futures additionally introduced the launch of DOGSUSDT contract that supplied as much as 75x leverage, offering customers with elevated flexibility and vital potential for features.
What is Dogs (DOGS)
Dogs (DOGS) is a memecoin that originated from the Telegram group, aiming to capitalize on Telegram’s huge person base and native meme tradition.
Key options of DOGS embrace the next:
- Telegram Integration: DOGS is tied to the Telegram platform, concentrating on to on-board hundreds of thousands of customers to blockchain through tokenized stickers and different options.
- Community-Driven: DOGS highlights group possession and honest reward distribution, supporting robust person engagement.
- Fun and Engaging: DOGS is targeted on meme tradition and playful interactions in its ecosystem.
Today, the value of DOGS is up by over 3% and its complete market cap is over $556 million.
