On 29 Oct 2024 at 04:00 UTC, a new perp listing for GRASS – the native token of Grass – GRASSUSDT – is now available to trade on BitMEX, with up to 50x leverage.
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GRASSUSDT Contract Specs
GRASSUSDT is a linear perpetual swap, margined in USDT. This allows users to gain exposure to the price of the GRASS token and trade it with leverage, without needing to have any GRASS holdings.
Key contract details for our GRASS token listing:
- Symbol: GRASSUSDT
- Margin Currency: USDT
- Contract Size: 1 GRASS
- Lot Size: 1
- Minimum Trade Amount: 1 GRASS
- Underlying: .BGRASST
- Max Leverage: 50x
- Maker Fee: 0.05%
- Taker Fee: 0.05%
- Base Initial Margin: 2.00%
- Base Maintenance Margin: 1.00%
You can trade the GRASS perpetual contract here, or refer to the full contract specs here.
About GRASS, the Native Token of Grass
GRASS is the utility token of Grass network, which is a decentralized data layer built specifically for artificial intelligence that enables users to share their Internet bandwidth and obtain verifiable network data through a distributed network. This is achieved by leveraging idle internet connections of node operators to collect raw data, which is then processed for AI training purposes. Grass network currently has over 2 million participants.
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The post Now Live: GRASSUSDT Perpetual Swap Listings With Up to 50x Leverage appeared first on BitMEX Blog.
