Key Points
- Binance Futures launches FLUXUSDT Perpetual Contract later today.
- The Perpetual Contract will have up to 75x leverage.
Binance continues to expand the list of trading choices offered on Binance Futures and boost users’ trading experience with more futures launches via the platform.
Binance Futures will launch FLUXUSDT Perpetual Contract at 07:00 (UTC) with up to 75x leverage.
Key Details About the FLUXUSDT Perpetual Contract
Here are the most important details about the FLUXUSDT Perpetual Contract, according to Binance’s official announcement:
- The underlying asset is Flux (FLUX).
- The settlement asset is USDT.
- The tick size is 0.0001.
- The Capped funding rate is +2%/-2%.
- Funding fee settlement frequency is every four hours, starting today at 08:00 (UTC).
- Trading hours are 24/7.
- Multi-Asset Mode is supported.
Binance may adjust the specifications of the Futures Contract from time to time, based on market risk conditions. These specifications include the following:
- Funding fee
- Tick size
- Maximum leverage
- Initial margin
- Maintenance margin requirements
Multi-Asset Mode allows users to trade the Perpetual Contract across multiple margin assets. For instance, when the Multi-Asset Mode is activated, users can use BTC as margin when trading the Perpetual Contract mentioned above.
FLUXUSDT is subject to the Binance Terms of Use and the Binance Futures Service Agreement.
What is Flux (FLUX)?
The Flux ecosystem empowers everyone to develop, deploy, and use the decentralized Internet of the Future – Web3, according to the team behind the project.
The Flux ecosystem consists of the following:
- A native, minable POW crypto, FLUX
- A powerful decentralized computational Flux Network (FluxNodes)
- A Linux-based OS, FluxOS
- The premier digital asset platform Zelcore
- The Flux blockchain used for on-chain governance, economics, and parallel assets to offer interoperability with other blockchains and DeFi access.
The FLUX token has a number of uses including the following:
- Purchasing resources
- Collateralizing nodes
- Fueling transactions on FluxOS
- Rewarding miners and FluxNode operators for providing computational resources
