The world’s largest crypto exchange platform by volume is launching futures trading for one under-the-radar altcoin that’s jumped 200% this month.
In a new announcement, crypto exchange Binance says that it is launching futures contracts with up to 75x leverage for UXLINK, a decentralized social network using blockchain technology.
“Binance Futures will launch the UXLINK/USDT perpetual contract…
The maximum funding rate of the aforementioned perpetual contract at the time of launch is +2.00%/-2.00%. The funding fee settlement frequency is every four hours.”
UXLINK is trading for $0.454 at time of writing, up 3x since September 1st when it was trading at $0.151. The project has a market cap of $78.684 million, making it the 453rd largest cryptocurrency.
According to UXLINK’s white paper, the project aims “to be the largest social platform and infrastructure, focusing on authentic real-world, bi-directional connections.”
“UXLINK features a range of user-friendly Dapps (decentralized applications), seamlessly incorporated into [messaging platform] Telegram and other real-world social platforms. These applications encompass onboarding, graph forming, group tools, and socialized Web3 interactions. A groundbreaking advancement lies in encrypting and standardizing real-world groups, transforming them into Web3 operational units. This innovative approach positions groups as the focal point for Web3 applications, marking a revolutionary stride in social and virtual interaction innovation.”
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