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Announcements Gate.io Has Added HOOK Perpetual Contract

Gate.io Has Added HOOK Perpetual Contract

2022-12-01 15:49:07 UTC 21653 Read
Gate.io has added HOOK/USDT perpetual contract (USDT margin), supporting up to 20X leverage.
Trade HOOK/USDT perpetual contract at: https://www.gate.io/futures_trade/USDT/HOOK_USDT
You can also practice your skills at your demo account, risk free via:
https://www.gate.io/testnet/futures_trade/USDT/HOOK_USDT

About Hooked Protocol (HOOK)
Hooked Protocol is building the on-ramp layer for massive Web3 adoption, providing tailored Learn & Earn products and onboarding infrastructures for users & businesses to enter the new world of web3. Its first pilot product, Wild Cash, has Quiz-to-Earn experience and other gamified learning features. Hooked Protocol adopts an innovative single token (HOOK) oriented structure, supplemented with in-ecosystem only utility token HGT (Hooked Gold Token). HOOK is the governance token of the ecosystem.

Learn more about HOOK/USDT perpetual contract specifications:
https://www.gate.io/futures_market_info/usdt/HOOK_USDT/market_info

About Gate.io Perpetual Contract Market
Gate.io's perpetual contract market is the most active market in the world, with a daily volume up to 0.4 billion USDT. We have accumulated over 1000 BTC in our insurance fund to cover losses due to liquidation. We offer up to 100X leverage for BTC and support high leverage of 20X or 50X for a dozen of other assets, such as ETH,EOS,LTC,BCH,BSV and more. We use composite indices from several exchanges to mark liquidation, thus avoiding unnecessary liquidation. The futures market has been running stably and significantly reduced investors’ risk.
Please note, perpetual contracts are of high leverage and incur a high risk. Please trade within your financial capacity.

About Margin Currency Types in Gate.io Perpetual Contract Market
Currently, there are two margin currencies, BTC and USDT, in Gate.io perpetual contract markets. Based on the margin currency, we group perpetual contracts into two separate groups, USDTmargined perpetual Contracts and BTCmargined Perpetual respectively. To trade any BTC margined perpetual contract, you have to transfer in BTC to your BTC Perpetual Contracts Account as margin, where PNL is also settled in BTC. To trade any USDT margined perpetual contracts, you have to transfer in funds to your USDT Perpetual Contracts Account, where PNL is also settled in USDT. USDT margined perpetual, using a stablecoin as margin and currency to settle Profit and Loss, they eliminate the volatility in return caused by BTC price fluctuations, which are considered a better fit to beginners.



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Gate.io Team
December 1, 2022


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