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TAO, SAGA Perpetual Contracts are Now Available on Toobit Futures

Toobit-Ivan

Toobit Futures launched the TAO,SAGA Perpetual Contract on April 18th, 2024 (UTC), with up to 50 leverage.

TAO、SAGAENA_WEB.png

More details on the TAO,SAGA Perpetual Contract can be found in the table below:

USDⓈ-M Perpetual Contract SAGAUSDT TAOUSDT
Launch Time 04:23pm (UTC) Apr 12th, 2024 04:30pm (UTC) Apr 18th, 2024
Underlying Asset SAGA TAO
Settlement Asset USDT USDT
Tick Size 0.0001 0.01
Capped Funding Rate
2.0000% / -2.0000%
2.0000% / -2.0000%
Funding Fee Settlement Frequency every four hours every four hours
Maximum Leverage 50x

50x
Please Note:

  • The maximum funding rate of the SAGA Perpetual Contract at the time of launch is 2.0000% / -2.0000%

  • The maximum funding rate of the TAO Perpetual Contract at the time of launch is 2.0000% / -2.0000%

Based on market risk conditions, we may adjust the specifications of the SAGA,TAO Perpetual Contract from time to time, which may include the funding fee, tick size, maximum leverage, initial margin, and/or maintenance margin requirements.

 
We at Toobit would like to thank you for your continuous support. Toobit believes in building a crypto ecosystem in a way that promotes transparency and long-term, sustainable growth, and we implore you to undergo this journey with us. Trade safely and wisely.
 
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There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.

Toobit reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reason without prior notice.

Risk Warning: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Toobit is not liable for any losses that might arise from your use of Margin. This information should not be regarded as financial or investment advice. For more information, see our Terms of Use and Risk Warning.

 

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