In a few days, Radix is coming to BitMEX via a new listing – XRDUSDT – margined in USDT, with up to 10x leverage.
To celebrate, BitMEX is launching a new trading competition for the Radix community – where up to $20,000 worth of XRD and other special rewards are up for grabs.
You will be able to trade the new listing here, or visit this page to join the competition.
For the lowdown on the new listing and Radix trading competition, read on.
What is Radix?
Radix is a layer 1 smart contract platform built to create a Web3 future for everyone. Radix has built a highly optimized stack of custom technologies that tightly integrates wallet, programming language, execution environment, and consensus algorithm. XRD is the native token that powers the Radix ecosystem – it is used to secure the Radix Public Network and is the only token that is used to pay transaction fees on the network.
You can find more detailed information on Radix on their website.
If you haven’t signed up for a BitMEX account yet, we’re currently offering 10,000 BMEX Tokens – you can register here.
XRDUSDT Contract Specs
XRDUSDT is a linear perpetual swap, margined in USDT. This allows users to gain exposure to the price of the XRD token and trade it with leverage, without needing to have XRD holdings.
Key contract details for our XRDUSDT token listing:
- Symbol: XRDUSDT
- Margin Currency: USDT
- Contract Size: 1 XRD
- Lot Size: 100
- Minimum Trade Amount: 100 XRD
- Underlying: .BXRDT
- 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 will be able to trade the XRDUSDT perpetual contract here, or check out the full contract specs here.
Radix Listing Trading Competition
To celebrate the arrival of the XRDUSDT listing on BitMEX, we are launching a new trading competition for the Radix community.
What is the Radix Trading Competition?
This trading competition is open to any user on BitMEX, where traders compete with one another for the highest realised PnL from 22 January to 4 February.
Those interested can join the Radix Guild on BitMEX and climb up the leaderboard by trading derivatives contracts on our platform. The top traders in the competition will win their share of up to $20,000 in XRD tokens as well as other special rewards.
What are the Prize Pool and Rewards?
A total prize pool of up to $20,000 worth of XRD tokens is up for grabs for the top traders in the competition.
Aside from the prize pool, four special rewards await the top traders of the new XRDUSDT contract. Each will win $500 in XRD tokens and 1 month’s worth of VIP fees on BitMEX. The special rewards will be distributed twice throughout the competition based on the participants’ trading performance the previous week.
- Largest position size: Trader who holds the largest position size for XRDUSDT at any point within a week of the competition.
- Biggest 24-hour trading volume: Trader who obtains the biggest 24-hour trading volume on XRDUSDT.
- Highest ROI: Trader who gains the highest ROI for trading XRDUSDT.
- Streamer special: Trader that live streams their XRDUSDT trades on Twitch or YouTube and receive the most views.
You can join the Radix trading competition here.
For more detailed terms and conditions around the competition, you can visit this page.
To be the first to know about our new listings, product launches, giveaways and more, we invite you to join one of our online communities and connect with other traders. For the absolute laters, you can also follow us on Twitter, or read our blog and site announcements for the absolute latest.
In the meantime, if you have any questions please contact Support who are available 24/7.
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