As of January 22 at 04:00 UTC, A list of new perpetual contracts – SUSDT – which includes S, the Sonic Network token – is available for trading on BitMEX, with up to 20x impact.
You can trade SUSDT here.
This listing comes as part of BitMEX’s support transition for Fantom to Sonic migration. Users who have not yet withdrawn their FTM (ERC-20) tokens on BitMEX are strongly encouraged to do so as soon as possible. You can find all Fantom migration details for BitMEX users in our website Blog.
To get the inside scoop on the latest listings, read on.
If you haven’t signed up for a BitMEX account yet, we are currently offering up to $5,000 in BMEX tokens to verified users – you can sign up here.
SUSDT Contract Specifications
SUSDT is a perpetual linear swap, with USDT margin. This allows users to see the price of the S token and trade it using leverage, without having to own any S token holdings.
Key contract details for our S token list:
- code: University of Science and Technology
- Margin currency: US dollar
- Contract size: 0.01 Q
- Widget size: 1000
- Minimum trade amount: 10 s
- Latent: .BST
- *Maximum leverage: 10x
- Maker fees: 0.05%
- Recipient fees: 0.05%
- Basic initial margin: 10.00%
- Basic maintenance margin: 5.00%
*Due to insufficient liquidity and volume on the S Token, we have reduced the maximum leverage and risk limits for SUSDT. BitMEX will review the contract specifications and adjust SUSDT to match the previously listed FTMUSD contract once market conditions improve.
You can trade S Permanent contract hereOr refer to the full contract specifications here.
About S, Sonic symbol
S (Sonic) is the native token for Sonic Network, an EVM Layer-1 series. S can be used for governance, staking, and fee generation. All existing FTM (Fantom) tokens will be migrated to S (Sonic), and FTM token holders will be able to upgrade their tokens via Sonic Labs Website.
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