Binance just announced that it will launch the MELANIA token which is scheduled to debut on 20 January 2025 at 09:30 UTC. The new contract has been specifically tailored to provide traders with enhanced opportunities and a smooth trading experience.
The MELANIAUSDT contract is based on the underlying asset Melania Meme (MELANIA) which claims to be the ”Official Melania Trump Meme.” The contract is USDT-settled and is traded on Binance Futures 24/7.
The contract has a tick size of 0.001 and product-wise, the contract will leverage Binance’s Multi-Assets Model which benefits the traders who prefer to use different margin assets (e.g. BTC) to trade this contract at the haircut rate of the coins.
Some key features are a 25x maximum leverage and a capped funding rate of +2.00%/-2.00%. The funding fee will be paid every four hours starting from the launch day: Funding rates will be updated and the information released at 12:00, 16:00, and 20:00 on January 20 and every four hours after that.
Binance reserves the right to amend contract specifications (e.g. funding fee, tick size, leverage, margin requirements,) at its sole discretion according to prevailing market conditions.
If users would like to be able to access several different margin assets to use, the Multi-Assets Mode provides this flexibility for those employing diversified strategies. An example of use in BTC where BTC’s been deployed as collateral for trading on MELANIAUSDT contracts provides users of the platform with auxiliary means to trade their portfolio.
Also Read: Melania Trump Gets Memecoin Fever; Token Soars 22000% in 9 Hours
