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Cryptocurrency News Articles
NOTUSDTK24: BitMEX Unveils Pre-Launch Futures Contract for NOT with Exclusive Access
May 10, 2024 at 05:36 pm
BitMEX has launched a pre-launch futures contract for NOT (Notcoin), the upcoming native token of the free-to-play Telegram game Notcoin. The NOTUSDTK24 contract is margined in USDT and offers 2x leverage, allowing traders to long or short NOT before its listing on spot exchanges.
Introducing NOTUSDTK24: Pre-Launch Futures Contract for NOT with Unprecedented Access
BitMEX, the world-renowned cryptocurrency derivatives exchange, has officially launched NOTUSDTK24, an exclusive Pre-Launch futures contract for NOT, the highly anticipated native token of the explosive Notcoin game. This innovative contract provides traders with unparalleled opportunities to speculate on the value of NOT before it hits spot exchanges.
NOTUSDTK24 Contract Specifications: A Comprehensive Overview
NOTUSDTK24 is a linear futures contract, offering traders the following key specifications:
- Symbol: NOTUSDTK24
- Expiry Date: 31 May 2024
- Margin Currency: USDT (ERC-20)
- Contract Size: 1 NOT
- Lot Size: 1000
- Minimum Trade Amount: 1000 NOT
- Underlying: .BNOTT
- Max Leverage: 2x
- Maker Fee: -0.0175%
- Taker Fee: 0.25%
- Base Initial Margin: 50.00%
- Base Maintenance Margin: 25.00%
Key Differences from Regular Futures Contracts: Embracing Volatility and Speculation
NOTUSDTK24 stands apart from traditional futures contracts with its unique features, specifically designed to navigate the inherent volatility of Pre-Launch listings:
- Mark Method: Last Price – Since there is no established spot price for NOT yet, BitMEX is using Last Price marking to ensure accuracy.
- Price Limits: Limit Up and Limit Down – To protect the market from manipulation, hourly price limits are set at Mark Price +/- 20%.
- Settlement Price: .BNOTT30M – Once a robust index is developed to represent the spot price of NOT, BitMEX may transition to Fair Price marking. If no index is available by the expiry date, the Settlement Value will be 0.
- Auto Deleveraging: Enabled – Due to the speculative nature of this contract, auto-deleveraging is activated to mitigate potential risks.
About NOT: The Play-to-Earn Game Transforming Telegram
Notcoin is a revolutionary play-to-earn game that has captivated the Telegram community. With over 35 million players and counting, Notcoin boasts a thriving player base that eagerly awaits the launch of its native token, NOT.
Notcoin Token Launch: A Landmark Event in the Cryptocurrency Space
NOT is set to launch on major spot exchanges on 16 May 2024, marking a pivotal moment for the Notcoin ecosystem and the broader cryptocurrency market.
Trading NOTUSDTK24: An Exclusive Opportunity for Savvy Traders
NOTUSDTK24 provides traders with an unprecedented opportunity to capitalize on the anticipated volatility surrounding the launch of NOT. With 2x leverage and flexible contract specifications, traders can strategically position themselves to reap the benefits of this highly anticipated event.
Join the BitMEX Community for Exclusive Updates and Insights
To stay abreast of the latest developments, product launches, and giveaways, join BitMEX's vibrant online communities and connect with fellow traders. Follow them on Twitter, subscribe to their blog, and check out their site announcements to gain valuable market insights.
Don't miss out on this exceptional opportunity to trade NOTUSDTK24 and embrace the transformative power of NOT. Visit BitMEX today to start trading and seize the potential of this groundbreaking Pre-Launch futures contract.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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