Introducing the MELANIAUSDT Perpetual Contract
A new trading option is being added to the marketplace by Binance Futures. The MELANIAUSDT Perpetual Contract will be accessible with up to 25x leverage on January 20, 2025, at 9:30 (UTC). This launch improves the user experience and increases trading options.
Melania Meme (MELANIA) serves as the underlying asset for the MELANIAUSDT contract. It offers trading around-the-clock and will settle using USDT. With the tick size set at 0.001, traders can access leverage of up to 25x, guaranteeing price accuracy.
Source: Binance
In order to preserve a stable trading environment, funding costs are resolved every four hours, with rates capped at +2.00% / -2.00%. This capped funding rate ensures transparent cost structures for traders.
Funding Rate Schedule
The funding rate remains constant at the launch, with a maximum of +2.00% / -2.00%. Below is a sample schedule for funding fee settlement:
- 12:00 UTC: +2.00% / -2.00%
- 16:00 UTC: +2.00% / -2.00%
- 20:00 UTC: +2.00% / -2.00%
- 00:00 UTC: +2.00% / -2.00%
This cycle continues every four hours. Traders can plan their strategies based on this predictable funding schedule.
About MELANIA
MELANIA is a memecoin created by Melania Trump, the First Lady of the United States, on the Solana blockchain. On January 19, she revealed the launch of the MELANIA memecoin through her personal X account.
The token is a fungible crypto asset, representing the image and personal values of Melania Trump. MELANIA is presented as a way for users to show support and connect with the values and style she embodies.
As stated on the official website, MELANIA is not an investment opportunity and is not intended to be a security, investment contract, or financial instrument. It is introduced as a collectible item, with no ties to political campaigns or government agencies.
The launch of MELANIA follows the release of the TRUMP token by President-elect Donald Trump, a memecoin that quickly gained significant value. The crypto community speculates that other members of the Trump family may soon release their own tokens.
Bitget has announced that MELANIA will be listed in its Innovation and Meme Zone, with trading starting at 10:30 on January 20.
Source: The Daily Beast
