ALTUSDT, our second listing featuring ALT – the native token of AltLayer, a Binance Launchpool project, will be available to trade on BitMEX, with up to 10x leverage tomorrow.
You can already trade ALTUSDTF24 – our AltLayer pre-IEO futures contract margined in Tether here.
For a deeper look at our new AltLayer listing, read on.
If you haven’t signed up for a BitMEX account yet, we’re currently offering up to $5,000 in BMEX Tokens for verified users- you can register here.
ALTUSDT Contract Specs
ALTUSDT is a linear perpetual swap, margined in USDT. This allows users to gain exposure to the price of the ALT token and trade it with leverage, without needing to have any ALT holdings.
Key contract details for our ALT token listing:
Margin Currency: USDT
Contract Size: 1 ALT
Lot Size: 10
Minimum Trade Amount: 10 ALT
Max Leverage: 10x
Maker Fee: -0.015%
Taker Fee: 0.075%
Base Initial Margin: 10.00%
Base Maintenance Margin: 5.00%
About ALT, the AltLayer Token
A Binance Launchpool project, AltLayer is a platform to launch native and restaked rollups with both Optimistic and ZK Rollup Stacks. Restaked rollups takes rollups spun from any rollup stack and provide them with enhanced security, decentralisation, interoperability, and crypto-economic fast finality.
AltLayer is expected to launch on Binance Launchpool on 25 January at 10:00 UTC.
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