Tomorrow, a new perpetual contract listing – SUNDOGUSDT – featuring Sundog, the new Tron memecoin – will be available to trade on BitMEX, with up to 50x leverage.
Trading for SUNDOGUSDT will start at 04:00 UTC on 23 August 2024. You will be able to trade the new contract here.
For the lowdown on the latest listings, read on.
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SUNDOGUSDT Contract Specs
SUNDOGUSDT is a linear perpetual swap, margined in USDT. This allows users to gain exposure to the price of the SUNDOG token and trade it with leverage, without needing to have any SUNDOG holdings.
Key contract details for our SUNDOG token listing:
- Symbol: SUNDOGUSDT
- Margin Currency: USDT
- Contract Size: 1 SUNDOG
- Lot Size: 1000
- Minimum Trade Amount: 1000 SUNDOG
- Underlying: .BSUNDOGT
- Max Leverage: 50x
- Maker Fee: -0.015%
- Taker Fee: 0.075%
- Base Initial Margin: 2.00%
- Base Maintenance Margin: 1.00%
You will be able to trade the SUNDOG perpetual contract here, or refer to the full contract specs here.
About SUNDOG, The Sundog Token
Sundog (SUNDOG) is the new memecoin on SunPump, the first meme coin platform on the Tron network. SUNDOG launched on 15 August and has already a market capitalisation of almost $200 million. The trading volume of the meme token stands at $64 million, up 81% in the same duration, as per CoinMarketCap data. Other meme coins on the Tron blockchain have also experienced similar growth.
Sundog has already seen a massive surge in adoption, with whales dropping six figures in the meme coin, as pointed out in a post on social media platform X. Many X users have predicted that Sundog will be the first meme coin on Tron to reach the $1 billion market capitalisation.
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The post Coming Soon: SUNDOGUSDT Perpetual Swap Listing with Up to 50x Leverage appeared first on BitMEX Blog.
