Binance Is Launching Perpetual Contract for VeChain (VET/USD) !!!

By Otek | Otek | 13 Feb 2020


Well known digital asset exchange Binance on Thursday 13.02.2020  announced the launch of a new permanent contract product (VET/USDT) by its future trading platform, Binance Futures, which came live in September 2019.

In that way, VeChain 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, BAT/USDT.

 

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You Can find that tweet here: https://twitter.com/binance

Also that announcement Can be found here: https://www.binance.com/en/support/articles/360039757391

Binance team described VeChain in following way: 

"With the concept of 'Live for Collaboration', the VeChain project began in 2015 and is built to be the public blockchain platform supporting blockchain-based business applications offering real economic and social value.

"As a leading global enterprise level public blockchain platform, the VeChainThor Blockchain provides a comprehensive governance structure, a robust economic model, and advanced IoT integration, which can build a trust-free and distributed business ecosystem platform to enable a transparent information flow, efficient collaboration and high-speed value transfer."

 

 

Binance Futures users will be able to choose between 1x and 50x leverage.

Here are some of the main specifications for the contract:

  • Base Asset: VET
  • Quote Asset: USDT
  • Settlement Asset: USDT
  • Contract Unit: 1 VET
  • Tick Size: 0.00001
  • Minimum Contract Quantity: 0.1
  • Maximum Contract Quantity: 10 million
  • Base Initial Margin Rate: 2.00%
  • Base Maintenance Margin Rate: 1.00%
  • Liquidation Fee: 0.5%

That Perpetual Contract for VeChain will be available on Binance at 14.02.2020!

 

What is worth mention VeChain have a stunning growth in last week. For sure that information will push it even more :)

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  • BTW If You want to in easy way win 3 BAT take a part in my new contest :)

 

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