The crypto currency exchange Binance continues to expand the user experience by offering a new transaction pair for a new Altcoin on the futures platform. As of 11:15 hours on January 29, 2025, the company announced that it will open the constant futures contract up to 25 times with leverage. Here are the details…
Binance made an altcoin announcement
According to a statement by Binance, the USDT -based continuous futures contract offered for Venice Token (VVV) will offer 24 -hour uninterrupted transaction. Here are some important features of the contract:
- Start Date: 29 January 2025, TSI 11:15
- Basic Asset: Venice Token (VVV)
- Contract Address: 0xacfe6019ed1a7dc6f7b508c02d1b04ec888cc21bf
- Asset that provides liquidity: USDT
- Maximum leverage: 25x
- Ticket Size: 0.001
- Maximum Funding Rate: +2.00% / -2.00%
- Funding fee process frequency: every 4 hours
- Processing hours: 7/24
- Multiple Asset Mode Support: Var
Binance also stated that this futures contract can change some features depending on market risk conditions. Parameters such as funding fee, ticket size, maximum leverage, starting margin and maintenance margin can be updated according to market conditions.
VVV TOKEN’s market performance
Despite the listing of Binance Futures, VVV Token, contrary to expectations did not rise. The VVV, which also started to be traded on the Coinbase platform last day, experienced a depreciation of over 40 %in the last 24 hours. During spelling, VVV is traded at $ 10.09. However, the Venice project, which had risen over 100 percent on the date of the crypto currency exchange, aims to provide full control over its decentralized artificial intelligence access through the VVV Token, Staking continuous use of API and user privacy. However, despite the rapid entry into the market, the hard decline in token price attracts the attention of investors.
Binance, said in a statement futures and Spot token listing is not interconnected. The fact that a token is traded in Binance Futures does not mean that the spot will be listed on the market. In addition, users should take into account the Terms of Use of Binance and the Binance Futures Service Agreement. Considering the volatility in the market, it is important that investors are careful and develop risk management strategies.
