Binance is preparing to launch a perpetual contract with the TOKEN token
On November 3, 2023, Binance Futures promised to introduce a perpetual USDⓈ-M TOKEN contract. This addition to the Binance offering has up to 50x leverage potential. It is interesting that Binance has not yet listed TOKEH on its spot market. Binance's approach to the TOKEN/USDT perpetual contract is dynamic, and accordingly, contract specifications can be adjusted depending on market risk conditions. Conditions include financing fee, tick size, maximum leverage, initial margin and maintenance margin requirements. TOKEN is a cryptocurrency introduced by the FLOKI team for its TokenFi project. In this way, FLOKI developers strive to diversify their presence in the crypto space.
TokenFi is a platform that simplifies and democratizes the issuance of cryptocurrencies. The platform provides users with tools and resources for successfully creating cryptotokens. The launch of the perpetual TOKEN contract on Binance Futures continues the series of hits on the BuBit, MEXC, BingX and KuCoin crypto exchanges. Interestingly, the listing of TOKEN on Bitget was not smooth, as the exchange excluded the token from TokenFi TOKEN just a few days after its release.
