A new listing – SLERFUSDT – featuring SLERF, a sloth-themed memecoin on Solana, is now live on BitMEX, with up to 10x leverage.
Trading started here on 19 March at 04:00 UTC. For the lowdown on the latest listing, read on.
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SLERFUSDT Contract Specs
SLERFUSDT is a linear perpetual swap, margined in USDT. This allows users to gain exposure to the price of the SLERF token and trade it with leverage, without needing to have any SLERF holdings.
Key contract details for our SLERF token listing:
- Symbol: SLERFUSDT
- Margin Currency: USDT
- Contract Size: 1 SLERF
- Lot Size: 1
- Minimum Trade Amount: 1 SLERF
- Underlying: .BSLERFT
- Max Leverage: 10x
- Maker Fee: -0.015%
- Taker Fee: 0.075%
- Base Initial Margin: 10.00%
- Base Maintenance Margin: 5.00%
You can trade the SLERFUSDT perpetual contract here or refer to the full contract specs here.
About SLERF, the SLERF Token
SLERF is a new sloth-theme meme coin on Solana which soared to more than a $620 million market cap shortly after launching.
The project particularly received attention during its token launch, as the project team stated that in the process of burning liquidity-providing (LP) tokens, they also accidentally burnt the tokens reserved for an airdrop, resulting in a loss of around $10 million. SLERF has quickly gained popularity despite the happenings.
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The post Now Live: SLERFUSDT Perpetual Swap Listing with Up to 10x Leverage appeared first on BitMEX Blog.
