A new listing featuring – FLIPUSDT – the token of the Chainflip decentralised exchange FLIP is now available to trade on BitMEX, and with up to 10x leverage. For the lowdown on the latest listing, read on.
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Contract Specs for FLIPUSDT
FLIPUSDT is a linear perpetual swap, margined in USDT. This allows users to gain exposure to the price of the Chainflip platform’s token and trade it with leverage, without needing to have any FLIP holdings.
Key contract details for our FLIP token listing:
- Symbol: FLIPUSDT
- Margin Currency: USDT
- Contract Size: 1 FLIP
- Lot Size: 10
- Minimum Trade Amount: 10 FLIP
- Underlying: .BFLIPT
- Max Leverage: 10x
- Maker Fee: -0.015%
- Taker Fee: 0.02%
- Base Initial Margin: 10.00%
- Base Maintenance Margin: 5.00%
You can trade the FLIPUSDT perpetual contract here, or refer to the full contract specs here.
About FLIP – the Chainflip Token
The FLIP token is the ERC-20 protocol token of the Chainflip decentralised exchange. Although Chainflip has its own blockchain, the multi-chain nature of the project allows the FLIP token to be issued on Ethereum for ease of use and adoption. The primary utility of the FLIP token is used as collateral for Validator auctions. Validators require large stakes, earn rewards from the block reward, and maintain the state chain for Chainflip by jointly controlling the liquidity vaults.
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