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Binance Futures, the popular futures trading platform, has announced the news about its collaboration with the Ontology Network to launch ONT/USDT perpetual contract. The official news stated that the exchange would kickstart the trading at 8:00 AM (UTC) on February 10, 2020. One of the most prominent features of the newly-launched perpetual contracts is that the investors will be allowed to choose between 1-50x leverage.
#Binance Futures Will Launch @OntologyNetwork $ONT/USDT Perpetual Contract With Up to 50x Leveragehttps://t.co/c3L5fwL0Us pic.twitter.com/pk2KQ8kkJz
— Binance (@binance) February 10, 2020
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A perpetual contract is a special kind of futures contract that renders its owners with a fair chance to hold a position for an undetermined amount of time. These contracts do not have an expiry period, which is a unique feature in comparison to the traditional form of futures. The perpetual contracts on Binance Futures are similar to the trading pairs on the traditional spot markets. Their pricing and settlement processes are framed in the same manner.
A few days back, Binance Futures announce the news about the launch of BNB/USDT perpetual contract on its network. The contract allowed users to access leverage between 1-50x. Other perpetual contracts available on the Binance Futures network include ATOM/USDT perpetual contract, XTZ/USDT perpetual contract, ZEC/USDT perpetual contract, etc.
About Ontology Network
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Ontology Network is a well-known, high-performance public blockchain project and a distributed trust collaboration platform. It offers the infrastructure and networking of other blockchains to build a decentralized trust ecosystem. It uses a suite of core protocols for an array of distributed services, including identity authentication, data exchange, data collaboration, attestation, procedure protocols, and multiple industry-focused modules, etc.
