A new perp listing for ME – the Magic Eden token – MEUSDT – is now available to trade on BitMEX, with up to 50x leverage.
Trading started here at 04:00 UTC on 11 Dec 2024. A Pre-Launch Futures contract for the same token – MEUSDTZ25 – is also available to trade here.
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.
MEUSDT Contract Specs
MEUSDT is a linear perpetual swap, margined in USDT. This allows users to gain exposure to the price of the ME token and trade it with leverage, without needing to have any ME holdings.
Key contract details for our ME token listing:
- Symbol: MEUSDT
- Margin Currency: USDT
- Contract Size: 1 ME
- Lot Size: 1
- Minimum Trade Amount: 1 ME
- Underlying: .BMET
- 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 ME perpetual contract here, or refer to the full contract specs here.
About ME, the Magic Eden token
ME is Magic Eden’s official token, it’s Solana-based and will likely allow holders to propose or vote on changes, upgrades, or adjustments to Magic Eden’s platform operations.
Magic Eden operates as a cross-platform NFT marketplace and Bitcoin decentralized exchange, that incorporates a self-custody crypto wallet, and cross-chain swaps, and integration of smart contracts and Automated Market Maker (AMM) pools. It ensures smoothness and security of transactions across different blockchain networks with Superdapp.
ME will be released over four years with a total supply of 1 Billion, 12.5% or 125M ME tokens were airdropped to the crypto community at 10 Dec.
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The post Now Live: MEUSDT Perpetual Swap Listings With Up to 50x Leverage appeared first on BitMEX Blog.
