Binance is about to launch a new contract! According to official news, Binance will launch a 1000000MOGUSDT perpetual contract at 20:30 (UTC+8) on November 7, 2024. The underlying asset of this new contract is MogCoin (1000000MOG), the settlement asset is USDT, and it supports up to 75 times leverage. 💹

This is undoubtedly good news for investors who like high-leverage trading. However, while enjoying the potential benefits of high leverage, everyone should also pay attention to the risks! The funding rate is settled every four hours, with a maximum fluctuation range of +2.00%/-2.00%. 📊

Whether you are a novice or an old hand, it is important to understand the details of the new contract to ensure that you make wise decisions when trading. 🔍