Binance Finance, One-click Coin Purchase, Flash Exchange, Leverage, Contract Listing Vana (VANA)
This is a general announcement and the products and services mentioned here may not be available in your area.
Dear User:
To provide users with more choices, Binance Wealth Management, One-Click Coin Purchase, Instant Exchange, Leverage, Fixed Investment Platform and Binance Futures will launch Vana (VANA) according to the timeline listed below. You are invited to experience it!
Binance Finance
VANA’s principal-guaranteed coin-earning product has been launched on Binance’s principal-guaranteed coin-earning platform and is open for subscription at 19:30 (ET on December 16, 2024);
Starting from 18:00 on December 18, 2024 (GMT+8), users can purchase VANA through any payment method supported by Binance Fixed Investment.
One-click buying and selling of coins
Users can use credit/debit cards, Google Pay, Apple Pay to buy VANA or use wallet balance to buy/sell VANA through the "One-click Buy" page. VANA can be traded with one click within one hour after Binance spot listing.
Flash Exchange Trading Platform
Within one hour after VANA is listed on Binance spot trading, users can exchange VANA for BTC, USDT or other tokens supported by the flash exchange platform, and the exchange is free of charge.
Binance Leverage
VANA will be added as a borrowable asset to CoinSafe and Isolated Margin Trading at 22:00 (ET on December 16, 2024), as well as the VANA/USDT full-margin and isolated margin trading pairs.
Binance VIP 7-9 users can borrow the above assets in full margin approximately 30 minutes before the official listing of the above assets on Binance Margin.
Note:
Even if the above leveraged trading pairs have not yet started trading, new asset borrowing will still accrue interest normally. Please note that newly listed tokens tend to be more volatile, and we encourage users to adopt more risk management strategies when trading such tokens;
The amount, pledge rate, and interest rate of assets supported by Binance Leverage will be adjusted at any time based on market conditions. Please refer to the Leverage Data page for details.
Binance Futures
Binance will launch the VANA 1-75x U-margined Perpetual Contract at 21:30 (ET) on December 16, 2024.
More information about VANA U-margined Perpetual Contract is shown in the table below:
U-margin perpetual contract
OLDUSDT
Online time
December 16, 2024 21:30 (GMT+8)
Underlying Assets
Children (CHILDREN)
Settlement assets
USDT
Minimum price change
To be confirmed
Funding Rate Cap
+2.00% / -2.00%
Funding Settlement Frequency
Every four hours
Maximum leverage
75x
Trading Hours
24/7
Multi-asset model
support
Notice:
When VANAUSDT perpetual contract is launched, the upper and lower limits of its funding rate are +2.00% / -2.00%;
Funding fees are settled every four hours;
Time (GMT+8)
Maximum Funding Rate
December 17, 2024 00:00
+2.00% / -2.00%
December 17, 2024 04:00
+2.00% / -2.00%
December 17, 2024 08:00
+2.00% / -2.00%
December 17, 2024 12:00
+2.00% / -2.00%
…
…
Based on market risk conditions, Binance may adjust contract parameters, including funding rate, minimum price change, maximum leverage, initial margin, maintenance margin and other important parameters;
Multi-asset mode supports VANAUSDT perpetual contracts. Multi-asset mode supports assets other than USDT as VANAUSDT perpetual contract margin (including valuation discount). For example: users can use BTC as margin to trade VANAUSDT perpetual contracts;
VANAUSDT perpetual contracts will be subject to (Binance Terms of Use) and (Binance Futures Service Agreement).
Help Documentation:
How to buy crypto with a credit/debit card on Binance
How to use Binance Flash Exchange
How to short sell with leverage - sell high and buy low
How to leverage long - buy low and sell high
U-standard contract trading rules
Leverage and Margin of U-margin Contracts
Binance Futures Trading Fee Table
How to use Binance Fixed Investment
Note: There may be discrepancies between the original English version and the translated version. If there are any discrepancies, please refer to the original English version for the latest or most accurate information.
Thank you for your support!
Binance Team