Dear Users
To provide more trading options and enhance the user trading experience, Megabit will launch AUCTION/USDT perpetual futures on February 26, 2025, at 18:00 (SGT TIME). These Futures will offer up to 75x leverage.
Below are the details of the perpetual futures:
| USDT-Margined Perpetual Futures | AUCTION/USDT |
| Launch Time | February 26, 2025, 18:00 (SGT TIME) |
| Underlying Asset | AUCTION (AUCTION) |
| Project Info |
AUCTION is the token on the Bounce platform, which can be exchanged for 100 AUCTION per 1 BOT. Bounce is a decentralized token exchange platform across Ethereum and Binance Smart Chain, allowing users to create token exchange pools with either fixed or dynamic exchange rates. BOT, as the native token of the platform, can be used for liquidity mining, governance voting, and transaction fee dividends. On the Bounce platform, token swaps are successful if the accumulated ETH/BNB deposits are less than or equal to the rebound level. Both fixed-rate and dynamic-rate exchange pools can be created. |
| Settlement Asset | USDT |
| Tick Size0.001 | 0.001 |
| Price Precision0.001 | 0.001 |
| Trading Fee Rate | maker:0.05% taker 0.05% |
| Capped Funding Rate | +2%/-2% |
| Funding Fee Settlement Frequency | Every 4 hours |
| Maximum Leverage | 75× |
| Trading Time | 7×24 |
Important Notes:
- At launch, The maximum funding rate for the above perpetual futures will be +2%/-2%.
- The funding fee settlement frequency is every four hours.
- Based on market risk conditions, Megabit reserves the right to adjust futures parameters, including funding rates, minimum price increments, maximum leverage, initial margin, maintenance margin, and other critical parameters.
Risk Disclaimer
Cryptographic assets offer high growth potential but also come with significant market risks and volatility. We strongly recommend that users make investment decisions independently after fully understanding the risks involved and take full responsibility for their choices.
If you have any questions, please feel free to contact the official Megabit team.
Megabit Team
February 26, 2025
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