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Gate.io Has Added Bonk(BONK) Perpetual Contract
Gate.io Has Added Bonk(BONK) Perpetual Contract
2023-01-05 09:25:55 UTC
18811 Read
Gate.io has added BONK/USDT perpetual contract trading (USDT margin), supporting up to 20X leverage.
Trade BONK/USDT perpetual contract at: https://www.gate.io/futures_trade/USDT/BONK_USDT
You can also practice your skills at your demo account, risk free via:
https://www.gate.io/testnet/futures_trade/USDT/BONK_USDT
About Hashflow (HFT) About Bonk(BONK) :
Bonk is the first Solana dog coin for the people, by the people with 50% of the total supply airdropped to the Solana community. The Bonk contributors were tired of toxic “Alameda” tokenomics and wanted to make a fun memecoin where everyone gets a fair shot.
BONK is the governance token for Bonk. Goal of Bonk is as a deflationary utility and governance token to be used across the ecosystem. A fixed 100T supply with the vast majority airdropped freely to the Solana Community, and no Initial Public or private Sales. There are locked tokens for early contributors.
Learn more about BONK/USDT perpetual contract specifications:
https://www.gate.io/futures_market_info/usdt/BONK_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.
Trade BONK/USDT perpetual contract at: https://www.gate.io/futures_trade/USDT/BONK_USDT
You can also practice your skills at your demo account, risk free via:
https://www.gate.io/testnet/futures_trade/USDT/BONK_USDT
About Hashflow (HFT) About Bonk(BONK) :
Bonk is the first Solana dog coin for the people, by the people with 50% of the total supply airdropped to the Solana community. The Bonk contributors were tired of toxic “Alameda” tokenomics and wanted to make a fun memecoin where everyone gets a fair shot.
BONK is the governance token for Bonk. Goal of Bonk is as a deflationary utility and governance token to be used across the ecosystem. A fixed 100T supply with the vast majority airdropped freely to the Solana Community, and no Initial Public or private Sales. There are locked tokens for early contributors.
Learn more about BONK/USDT perpetual contract specifications:
https://www.gate.io/futures_market_info/usdt/BONK_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
January 5, 2023
