Key Points
- Binance Futures launches COSUSDT Perpetual Contract at 13:00 (UTC) today with up to 75x leverage.
- Following the announcement, COS tokens’ price surged by 16%.
In an official announcement, Binance revealed the launch of futures trading for Contentos (COS) later today.
The COSUSDT Perpetual Contract will launch at 13:00 (UTC) with up to 75x leverage.
Binance Futures has been launching various perpetual contracts to provide users with a wider trading options palette and enhance their trading experience.
Following the exchange’s announcement, the price of COS surged significantly.
COS Price Surges Following Binance Futures’ Announcement
At the moment of writing this article, the price of COS is above $0.008, up by 16% in the past 24 hours.
The token now has a total market cap of over $46 million.
The team at Contentos has recently marked an important achievement. In an X message shared on September 24, they announced that the Contentos Mainnet had officially entered its 6th year of operations.
They told users to join them in their journey, as they continue empowering creators and fans via Web3 and SocialFi.
Yesterday, they also revealed an exciting announcement, that PASS Hunter is coming to their Channel VIP and registration is now open.
What is Contentos (COS)?
Contentos is a decentralized global content ecosystem and, according to their official website, the team’s vision is to build a “decentralized digital content community that allows content to be freely produced, distributed, rewarded, and traded, while protecting author rights.”
Contentos aims to incentivize content creation and global diversity while returning the rights and value of content to users.
Key features of Contentos include the following:
- P2P Revenue Distribution – With a decentralized revenue system, the creation’s value of open, transparent, and returns rewards straight to users.
- Decentralized Traffic Distribution – When compensated for their work, users are encouraged to share and promote content to interested audiences.
- Trackable Copyright Transaction – Blockchain technology allows copyright authentication and transaction to be trackable 100%.
- Immutable Credit System – Users are responsible for their credit score; this is calculated based on every single contribution that has been made.
COS token operated on the BNB Beacon Chain (BEP2) platform and as the chain was retired, BEP-2 standard COS tokens stopped circulating in April 2024.
COS tokens are still circulating on the following blockchains:
- Contentos Mainnet (as a native token)
- BNB Smart Chain (as a BEP-20 standard token)
- Ethereum (as an ERC-20 standard token)
