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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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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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