A new listing – STRAXUSDT – featuring STRAX – the native token of the STRATIS blockchain, will be available to trade on BitMEX, and with up to 10x leverage from tomorrow. For the lowdown on the latest listing, read on.
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STRAXUSDT Contract Specs
STRAXUSDT is a linear perpetual swap, margined in USDT. This allows users to gain exposure to the price of the Stratis token and trade it with leverage, without needing to have any STRAX holdings.
Key contract details for our Stratis token listing:
Margin Currency: USDT
Contract Size: 1 STRAX
Lot Size: 10
Minimum Trade Amount: 10 STRAX
Max Leverage: 10x
Maker Fee: -0.015%
Taker Fee: 0.02%
Base Initial Margin: 10.00%
Base Maintenance Margin: 5.00%
What is STRAX?
STRAX is the native token of the Stratis BaaS platform, designed for financial service providers and other enterprises to test, develop and deploy blockchain-based applications in a way that avoids the overhead and security concerns of operating their own networks.
To do so, Stratis offers businesses the opportunity to run permissioned, private side chains that interact with its primary chain, as well as to host decentralised applications, launch smart contracts and utilise various privacy and identity verification tools.
Users can use STRAX for transaction fees, accessing dapps, and participating in governance.
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The post Coming Soon: STRAXUSDT Perpetual Swap Listing with Up to 10x Leverage appeared first on BitMEX Blog.