A second listing – MEMEUSDT – featuring MEME – the native token of the Memecoin blockchain will be available to trade on BitMEX, and with up to 10x leverage from tomorrow.
You can already trade MEMEUSDTX23 – the first ever Memecoin futures contract margined in Tether here.
For the lowdown on the latest listing, read on. For a deeper look at our new Memecoin listing, and more on the MEME Token, read on.
If you haven’t signed up for a BitMEX account yet, we’re currently offering up to $5,000 in BMEX Tokens for verified users- you can register here.
MEMEUSDT Contract Specs
MEMEUSDT is a linear perpetual swap, margined in USDT. This allows users to gain exposure to the price of the Memecoin token and trade it with leverage, without needing to have any MEME holdings.
Key contract details for our MEME token listing:
- Symbol: MEMEUSDT
- Margin Currency: USDT
- Contract Size: 1 MEME
- Lot Size: 100
- Minimum Trade Amount: 100 MEME
- Underlying: .BMEMET
- Max Leverage: 10x
- Maker Fee: -0.0175%
- Taker Fee: 0.075%
- Base Initial Margin: 10.00%
About MEME, the Memeland Token
Memeland is an NFT ecosystem that leverages the culture of memes and combines it with the power of NFTs. Currently, it consists of three collections: MVP, The Captainz, and The Potatoz.
Memeland’s core focus is on building and investing in social products for the community. They strive to connect creators and communities through creativity, the MEME token, and NFTs.
While currently its features are limited to NFT holders, the team’s ultimate goal is to create an inclusive Web3 platform. But the pioneering aspect lies in the fact that everyday users can harness the power of meme culture and capitalize on its potential.
In addition to NFTs and tokens, Memeland will offer a variety of features and services to enhance the user experience and promote community engagement. These may include media platforms, unique NFT staking mechanisms, and social networks for community members to interact and collaborate.
As stated in its whitepaper:
Memecoin is a digital token compatible with the ERC-20 token standard. MEME has no functions, no utility and no intrinsic value, no promise or expectation of any financial return, profit, interest or dividend. There is no roadmap and there is no promise or expectation that any ecosystem will even be developed for MEME. MEME is completely useless and for entertainment purposes only
You will be able to trade the MEMEUSDT contract here, or refer to the full contract specs here.
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The post Coming Soon: MEMEUSDT Perpetual Swap Listing appeared first on BitMEX Blog.
