Key Points
- Binance Futures will launch DOGSUSD Perpetual Contract on September 10.
- The Perpetual Contract will launch with up to 20x leverage.
In an official announcement, Binance revealed the upcoming launch of DOGSUSD Perpetual Contract on Binance Futures with up to 20x leverage.
Binance has rapidly expanded its futures listings to offer users more trading choices and enhance their experience.
DOGSUSD Perpetual Contract Details
Here are the official details on DOGSUSD COIN-N Perpetual Contract, according to 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 size is 0.0000001.
- The capped funding rate is clamp (funding rate, -.075*maintenance margin ratio, 0.75*maintenance margin ratio).
- The funding fee settlement frequency is every eight hours.
- Trading hours are 24/7.
- Multi-Assets Mode is not supported.
Also, according to the official announcement, based on market risk conditions, Binance may adjust the specifications of the future contract mentioned above from time to time.
Here are the specifications that the exchange could decide to adjust:
- Funding fee
- Tick size
- Maximum leverage
- Initial margin
- Maintenance margin requirements
The DOGSUSD Perpetual Contract is subject to the Binance Terms of Use and Binance Futures.
On August 26, Binance Futures also announced the launch of DOGSUSDT contract that offered up to 75x leverage, providing users with increased flexibility and significant potential for gains.
What is Dogs (DOGS)
Dogs (DOGS) is a memecoin that originated from the Telegram community, aiming to capitalize on Telegram’s vast user base and native meme culture.
Key features of DOGS include the following:
- Telegram Integration: DOGS is tied to the Telegram platform, targeting to on-board millions of users to blockchain via tokenized stickers and other features.
- Community-Driven: DOGS highlights community ownership and fair reward distribution, supporting strong user engagement.
- Fun and Engaging: DOGS is focused on meme culture and playful interactions in its ecosystem.
Today, the price of DOGS is up by over 3% and its total market cap is over $556 million.
