A new listing – SNTUSDT – featuring SNT – the native token of the Status blockchain is now live on BitMEX, and with up to 10x leverage.
For the lowdown on the latest listing, read on.
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SNTUSDT Contract Specs
SNTUSDT is a linear perpetual swap, margined in USDT. This allows users to gain exposure to the price of the Status blockchain token and trade it with leverage, without needing to have any SNT holdings.
Key contract details for our SNT token listing:
- Symbol: SNTUSDT
- Margin Currency: USDT
- Contract Size: 1 SNT
- Lot Size: 10
- Minimum Trade Amount: 10 SNT
- Underlying: .BSNT
- Max Leverage: 10x
- Maker Fee: -0.0175%
- Taker Fee: 0.075%
- Base Initial Margin: 10.00%
- Base Maintenance Margin: 5.00%
You can trade the SNTUSDT perpetual contract here, or refer to the full contract specs here.
What is SNT?
The Status blockchain strives to be a secure communication tool that upholds human rights. It was created to enable the free flow of information, protect the right to private, secure conversations, and promote the sovereignty of individuals.
SNT is the native token of the blockchain, it serves to power and incentivise participation in the network. The SNT token is required to power certain application features and create an open source, decentralised economy.
As well as trade with 10x leverage, with our Maker rebate for Tether – margined contracts, users can now receive a rebate of 1.75bps when trading SNTUSDT
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The post Now Live: SNTUSDT Perpetual Swap Listing with Up to 10x Leverage appeared first on BitMEX Blog.
