Well known digital asset exchange Binance on Wednesday 12.02.2020 (yeah somehow i missed that info earlier) announced the launch of a new permanent contract product (BAT/USDT) by its future trading platform, Binance Futures, which came live in September 2019.
In that way, Basic Attention Token join to other perpetual contracts already available on the Binance Futures: BTC/USDT, ETH/USDT, BCH/USDT, XRP/USDT, EOS/USDT, LTC/USDT, TRX/USDT, ETC/USDT, LINK/USDT, XLM/USDT, CAD/USDT, VET/USDT.
You Can find that tweet here: https://twitter.com/binance
Also more details of that announcement Can be found here: https://www.binance.com/en/support/articles/360039719631
Binance team described BAT in following way:
BAT (Basic Attention Token), a token for a decentralized ad exchange. It compensates the browser user for attention while protecting privacy. BAT connects advertisers, publishers, and users and is denominated by relevant user attention, while removing social and economic costs associated with existing ad networks, e.g., fraud, privacy violations, and malvertising. BAT is a payment system that rewards and protects the user while giving better conversion to advertisers and higher yield to publishers. We see BAT and associated technologies as a future part of web standards, solving the important problem of monetizing publisher content while protecting user privacy.
Binance Futures users will be able to choose between 1x and 50x leverage.
Here are some details about that contract:
- Base Asset: BAT
- Quote Asset: USDT
- Settlement Asset: USDT
- Contract Unit: 1 BAT
- Tick Size: 0.0001
- Minimum Contract Quantity: 0.1
- Maximum Contract Quantity: 1 million
- Base Initial Margin Rate: 1.3%
- Base Maintenance Margin Rate: 0.65%
- Liquidation Fee: 0.5%
That Perpetual Contract for Basic Attention Token is available on Binance from 13.02.2020!
That is another great new that hopeful will let growth BAT even more :)
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