Coming Soon: Perpetual Swap Listings for SAGA and TNSR with 10x Leverage
Two new perpetual contract listings – SAGAUSDT and TNSRUSDT – will be available to trade on BitMEX later today, with up to 10x leverage.
Trading for both contracts will start at 12:00 UTC on 10 April 2024. You will be able to trade SAGAUSDT here and TNSRUSDT here.
For the lowdown on the latest listings, 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.
SAGAUSDT Contract Specs
SAGAUSDT is a linear perpetual swap, margined in USDT. This allows users to gain exposure to the price of the Saga token and trade it with leverage, without needing to have any SAGA holdings.
Key contract details for our SAGA token listing:
Symbol: SAGAUSDT
Margin Currency: USDT
Contract Size: 1 SAGA
Lot Size: 1
Minimum Trade Amount: 1 SAGA
Underlying: .BSAGAT
Max Leverage: 10x
Maker Fee: -0.015%
Taker Fee: 0.075%
Base Initial Margin: 10.00%
Base Maintenance Margin: 5.00%
You will be able to trade the SAGA perpetual contract here, or refer to the full contract specs here.
You can already trade SAGA via a linear futures listing SAGAUSDTJ24 – it’s margined in Tether and with up to 2x leverage.
About SAGA, the Saga Token
Saga Protocol is a Layer 1 that allows developers to automatically spin up VM-agnostic, parallelized, and interoperable dedicated chains, or “Chainlets,” that provide applications with infinite horizontal scalability. SAGA is the Saga Protocol’s native utility token and is used for payment, staking, and governance.
Saga Protocol is a Binance Launchpool project and SAGA, the protocol’s native token, launched spot trading on 9 April 2024.
TNSRUSDT Contract Specs
TNSRUSDT is a linear perpetual swap, margined in USDT. This allows users to gain exposure to the price of the Tensor token and trade it with leverage, without needing to have any TNSR holdings.
Key contract details for our TNSR token listing:
Symbol: TNSRUSDT
Margin Currency: USDT
Contract Size: 1 TNSR
Lot Size: 1
Minimum Trade Amount: 1 TNSR
Underlying: .BTNSRT
Max Leverage: 10x
Maker Fee: -0.015%
Taker Fee: 0.075%
Base Initial Margin: 10.00%
Base Maintenance Margin: 5.00%
You will be able to trade the TNSR perpetual contract here, or refer to the full contract specs here.
About TNSR, the Tensor Token
Tensor is the largest NFT marketplace on the Solana blockchain, boasting around 60-70% of Solana’s NFT volume flows daily. The marketplace launched in July 2022 and quickly rose to the #1 NFT marketplace spot in less than a year.
TNSR is the native token of Tensor, and was airdropped to participants of their reward program on 8 April 2024.
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In the meantime, if you have any questions please contact Support who are available 24/7.
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