Binance Futures Will Launch USDⓈ-M DODO Perpetual Contract With Up to 20x Leverage

2023-08-07

Fellow Binancians,

Binance Futures will launch the USDⓈ-M DODO perpetual contract at 2023-08-08 12:00 (UTC), with up to 20x leverage. 

More details on the USDⓈ-M DODO Perpetual Contract can be found in the table below:  

USDⓈ-M Perpetual Contract

DODOXUSDT

Launch Time 

2023-08-08 12:00 (UTC) 

Underlying Asset

DODO

Settlement Asset

USDT

Tick Size

0.00001

Capped Funding Rate

Clamp (Funding Rate, -0.75 * Maintenance Margin Ratio, 0.75 * Maintenance Margin Ratio)

Max Leverage

20x

Trading Hours

24/7

Multi-Assets Mode

Supported

Please note: 

  • While the underlying asset of the USDⓈ-M DODO Perpetual Contract is DODO, please note that the ticker of this USDⓈ-M DODO Perpetual Contract is “DODOXUSDT”. 

  • Based on market risk conditions, Binance may adjust the specifications of the DODOXUSDT Perpetual Contract from time to time, which include the tick size, maximum leverage, initial margin, and/or maintenance margin requirements.

  • Multi-Assets Mode allows users to trade the DODOXUSDT Perpetual Contract across multiple margin assets, subject to the applicable haircuts. For example, when the Multi-Assets Mode is activated, users can use BTC as margin when trading the DODOXUSDT Perpetual Contract. 

  • The DODOXUSDT Perpetual Contract is subject to the terms of the Binance Terms of Use and the Binance Futures Service Agreement.

  • Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.

Further information:

Thanks for your support!

Binance Team

2023-08-07

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

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