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 means of the MOODENGUSDT Perpetual Contract.
In keeping with 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 fee set by the trade on the time of the launch is 2.00%/-2.00%. Funding charges will likely be settled each 4 hours, offering merchants with a constant alternative to handle their positions.
In the meantime the tick measurement 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 palms at $0.16.
Presently, Moo Deng holds the 327 place in crypto.information rankings, with a market capitalization of $160,229,595.
Inside the announcement, Binance makes a notice that it would make changes in the direction of the Futures contract at sure durations of time. These changes embrace potential adjustments made to the token’s funding charge, tick measurement, most leverage, preliminary margin and/or upkeep margin necessities.
Customers may also use multi-asset mode to commerce MOODENGUSDT perpetual contract throughout a number of margin assts. Because of this customers may also 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 recognition 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 each day attendance numbers. Director of Khao Kheow Open Zoo, Narongwit Chodchoy, predicted that Moo Deng would carry the zoo greater than $6.13 million by the top of the yr.