A new listing – 100BONKUSDT – featuring BONK – the first dog-themed coin on Solana – is now available to trade on BitMEX, and with up to 10x leverage. For the lowdown on this Tether-margined listing, read on.
Please note that while BONK is the coin, as it has such a small denomination, we are listing 100BONK at BitMEX, so 1 unit of 100BONK is equal to 100 BONK tokens.
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.
100BONKUSDT Contract Specs
100BONKUSDT is a linear perpetual swap, margined in USDT. This allows users to gain exposure to the price of the BONK token and trade it with leverage, without needing to have any BONK holdings.
Key contract details for our 100BONK token listing:
- Symbol: 100BONKUSDT
- Margin Currency: USDT
- Contract Size: 1 100BONK
- Lot Size: 1000
- Underlying: .B100BONKT
- Max Leverage: 10x
- Risk Limit: 20,000 USDT
- Maker Fee: -0.015%
- Taker Fee: 0.075%
- Base Initial Margin: 10.00%
- Base Maintenance Margin: 5.00%
You can trade the 100BONKUSDT perpetual contract here, or refer to the full contract specs here.
What is BONK?
BONK is the first dog-themed coin on Solana. It initially launched as a free airdrop to the Solana community on Christmas Day 2022. As a result there was a price rise of close to 35% in 48 hours. Since then, BONK has established itself as a true community coin of web3.
The main goal of the BONK team is to bring back liquidity to Solana-based decentralised exchanges (DEXs). The idea was to create a full-fledged community coin, that could be used across all the dApps built on Solana. And that each user could have the opportunity to become part of the ecosystem, – one “where everyone gets a fair shot”.
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