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Binance Futures Launches DOTECO (Polkadot Ecosystem) Composite Index Perpetual Contract with Up to 20x Leverage
Binance
2021-01-20 02:59
Fellow Binancians,
Binance Futures will launch a DOTECOUSDT (Polkadot Ecosystem) composite index perpetual contract. Trading opens on 2021/01/20 7:00 AM (UTC). The DOTECOUSDT Composite Index perpetual contract is a USDT-margined futures contract that uses USDT as collateral. Users will be able to select between 1-20x leverage.
Please note: “DOTECO” is a ticker representing “Polkadot Ecosystem” and not the ticker of a separate token.
About the DOTECO Composite Index
The underlying asset of the DOTECO Composite Index perpetual contract consists of a basket of Polkadot Ecosystem (DOTECO) protocol tokens listed on Binance. The index price is calculated using weighted averages of real time prices of the tokens on Binance. The DOTECO Composite Index is denominated in USDT.
The index is made up of the following Polkadot Ecosystem protocols: Dock (DOCK), Reef Finance (REEF), Akropolis (AKRO), and Kusama (KSM)
Further information:
Risk warning: Futures trading carries a substantial risk and the possibility of both significant profits and losses. Past gains are not indicative of future returns. All of your margin balance may be liquidated in the event of extreme price movement. The information here should not be regarded as financial or investment advice from Binance. All trading strategies are used at your discretion and your own risk. Binance will not be liable to you for any loss that might arise from your use of Futures.
Thanks for your support!
Binance Team
2021/01/20
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