Customers can now commerce the MOODENG meme token on Binance within the type of the MOODENGUSDT Perpetual Contract with as much as 75x leverage.
On Oct. 25 10:00 UTC, Binance Futures introduced it has expanded its itemizing to incorporate the Solana-based meme coin MOODENG(MOODENG) by the MOODENGUSDT Perpetual Contract.
In response to the corporate discover, the Moo Deng-inspired meme coin stays because the underlying asset, whereas Tether turns into the settlement asset. Furthermore, the capped funding price set by the trade on the time of the launch is 2.00%/-2.00%. Funding charges will probably be settled each 4 hours, offering merchants with a constant alternative to handle their positions.
In the meantime the tick dimension for the perpetual contract was set at 0.00001.
Not lengthy after Binance Futures launched the itemizing announcement, the MOODENG meme coin rose greater than 100% primarily based on knowledge from crypto.information. The lovable pygmy hippo meme coin is buying and selling arms at $0.16.
At the moment, Moo Deng holds the 327 place in crypto.information rankings, with a market capitalization of $160,229,595.
Inside the announcement, Binance makes a word that it would make changes in direction of the Futures contract at sure durations of time. These changes embrace doable adjustments made to the token’s funding price, tick dimension, most leverage, preliminary margin and/or upkeep margin necessities.
Customers can even use multi-asset mode to commerce MOODENGUSDT perpetual contract throughout a number of margin assts. Which means customers can even use Bitcoin or different currencies as a margin when buying and selling the MOODENGUSDT perpetual contract.
First launched on the pump.enjoyable platform on Sept. 11, the MOODENG meme coin shortly rose to reputation because the web continues to be captivated by movies of its real-life counterpart, a pygmy hippo named Moo Deng that resides in a zoo in Thailand.
Moo Deng’s web fame led to a major spike in zoo guests, doubling every day attendance numbers. Director of Khao Kheow Open Zoo, Narongwit Chodchoy, predicted that Moo Deng would deliver the zoo greater than $6.13 million by the tip of the yr.