A new listing – GASUSDT – featuring Gas – one of the tokens of the NEO platform, will be available to trade on BitMEX, and with up to 10x leverage from Monday 30 October 2023.
For the lowdown on the latest 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.
GASUSDT Contract Specs
GASUSDT is a linear perpetual swap, margined in USDT. This allows users to gain exposure to the price of this NEO platform token and trade it with leverage, without needing to have any GAS holdings.
Key contract details for our GAS token listing:
- Symbol: GASUSDT
- Margin Currency: USDT
- Contract Size: 1 GAS
- Lot Size: 10
- Minimum Trade Amount: 10 GAS
- Underlying: .BGAST
- Max Leverage: 10x
- Maker Fee: -0.0175%
- Taker Fee: 0.075%
- Base Initial Margin: 10.00%
- Base Maintenance Margin: 5.00%
You will be able to trade the GASUSDT perpetual contract here, or refer to the full contract specs here.
What is the GAS Token?
GAS is one of two tokens that users pay to use NEO – a China-focused blockchain platform focused on becoming the backbone of the emerging digital economy.
It aims to take blockchain beyond just payments, by enabling and enhancing new blockchain use cases including but not limited to; digital identity security, expand the digitisation of assets like real estate, and smart contract execution.
As mentioned NEO has two tokens in operation – GAS and NEO. NEO gives holders the right to vote on network proposals, while GAS is used to pay for network usage, such as executing smart contracts.
Additionally, with our Maker rebate for Tether – margined contracts, users can now receive a rebate of 1.75bps when trading GASUSDT
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