To provide more trading options and enhance the user trading experience, MGBX will launch ETCUSDT、BIOUSDT、AI16ZUSDT and HIVEUSDTperpetual futures on January 6, 2025, at 20:00 (UTC+8). These Futures will offer up to 75x leverage.
Below are the details of the perpetual futures:
| USDT-Margined Perpetual Contracts | ETCUSDT | BIOUSDT | AI16ZUSDT | HIVEUSDT |
| Launch Time | January 6, 2025 20:00 (UTC+8) | January 6, 2025 20:00 (UTC+8) | January 6, 2025 20:00 (UTC+8) | January 6, 2025 20:00 (UTC+8) |
| Underlying Asset | Ethereum Classic (ETC) |
Bio Protocol(BIO) |
Ai16z（AI16Z） | Hive（HIVE） |
| Settlement Asset | USDT | USDT | USDT | USDT |
Tick Size |
0.001 | 0.0001 | 0.0001 | 0.00001 |
Price Precision |
0.001 | 0.0001 | 0.0001 | 0.00001 |
Trading Fee Rate |
maker:0.05% taker 0.05% | maker:0.05% taker 0.05% | maker:0.05% taker 0.05% | maker:0.05% taker 0.05% |
Capped Funding Rate |
+0.5%/-0.5% | +2%/-2% | +2%/-2% | +2%/-2% |
Funding Fee Settlement Frequency |
Every 8 hours | Every 4 hours | Every 4 hours | Every 4 hours |
| Maximum Leverage | 75x |
75x |
75x | 75x |
| Trading Time | 24/7 |
24/7 |
24/7 | 24/7 |
Important Notes:
- At launch, the maximum funding rate of the ETCUSDT perpetual contract is +0.5%/-0.5%;the maximum funding rate of the BIOUSDT、AI16ZUSDT and HIVEUSDT perpetual contract is +2%/-2%.
- ETCUSDT fund fee settlement frequency is once every eight hours；BIOUSDT、AI16ZUSDT and HIVEUSDT fund fee settlement frequency is once every four hours。
- According to market risk conditions, MGBX reserves the right to adjust contract parameters, including funding rate, minimum price change, maximum leverage, initial margin, maintenance margin and other important parameters.
MGBX Team
January 5, 2025
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