Fellow Binancians,

Binance is excited to announce that Bittensor (TAO) has been added to Binance Simple Earn and Binance Convert. In addition, Binance will add TAO on Binance Margin, Binance Futures and Binance Auto-Invest at 2024-04-11 14:30 (UTC), 2024-04-11 14:30 (UTC) and 2024-04-12 10:00 (UTC) respectively. 

Earn

  • Users can now subscribe to TAO Flexible Products on Binance Simple Earn.

  • From 2024-04-12 at 10:00 (UTC), users may purchase TAO using any of the payment options supported on Binance Auto-Invest.

Convert

Users can now trade TAO against BTC, USDT and any other tokens supported by Binance Convert at zero fees. 

Margin

Binance Margin will add TAO as a new borrowable asset on Cross and Isolated Margin, as well as the TAO/USDT pair on Cross and Isolated Margin at 2024-04-11 14:30 (UTC).

Please refer to Margin Data for a list of the most updated marginable assets and further information on specific limits, collateral ratio and rates.

Futures

Binance Futures will launch the USDⓈ-M TAO Perpetual Contract at 2024-04-11 14:30 (UTC), with up to 50x leverage. 

More details on the USDⓈ-M TAO Perpetual Contract can be found in the table below:  

USDⓈ-M Perpetual Contract

TAOUSDT

Launch Time 

2024-04-11 14:30 (UTC) 

Underlying Asset

Bittensor (TAO)

Settlement Asset

USDT

Tick Size

0.01

Capped Funding Rate

+2.00% / -2.00%

Funding Fee Settlement Frequency

Every Four Hours

Maximum Leverage

50x

Trading Hours

24/7

Multi-Assets Mode

Supported

Please Note: 

  • The maximum funding rate of the TAOUSDT Perpetual Contract at the time of launch is +2.00% / -2.00%. 

  • The funding fee settlement frequency is every four hours.

Time

Max Funding Rate

2024-04-11 16:00 (UTC)

+2.00% / -2.00%

2024-04-11 20:00 (UTC)

+2.00% / -2.00%

2024-04-12 00:00 (UTC)

+2.00% / -2.00%

2024-04-12 04:00 (UTC)

+2.00% / -2.00%

…

…

  • Qualified USDⓢ-margined futures liquidity providers will be eligible to enjoy 0.005% maker fee rebates for trades on the TAOUSDT Perpetual Contract for approximately 14 to 15 days. Refer to this announcement for more information.

  • Based on market risk conditions, Binance may adjust the specifications of the TAOUSDT Perpetual Contract from time to time, which include the funding fee, tick size, maximum leverage, initial margin, and/or maintenance margin requirements.

  • Multi-Assets Mode allows users to trade the TAOUSDT Perpetual Contract across multiple margin assets, subject to the applicable haircuts. For example, when the Multi-Assets Mode is activated, users can use BTC as margin when trading the TAOUSDT Perpetual Contract. 

  • The TAOUSDT Perpetual Contract is subject to the Binance Terms of Use and the Binance Futures Service Agreement.

Guides & Related Materials:

Note: There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.

Thank you for your support!

Binance Team

2024-04-11