Binance to launch CATIUSDT Launch on September 20, HMSTRUSDT on September 26 with 75x Leverage and Capped Funding.
The most recent update from the cryptocurrency exchange behemoth Binance has instilled significant confidence in the newly formed Telegram-based peer-to-peer cryptocurrency projects Hamster Kombat (HMSTR) and Catizen (CATI).
On Monday, the CEX made public its intention to introduce USD-minted perpetual contracts for the aforementioned coins in the near future. The CEX disclosed this information in an announcement.
Binance To Launch HMSTR & CATI USD-Margined Perpetual Contract Ahead
This revelation has drawn substantial investor attention to the P2E initiatives, indicating their optimism about future actions. Binance officially announced on September 16th that the CEX will soon launch perpetual contracts for Hamster Kombat and Catizen.
The announcement schedules the launch of the CATIUSDT platform for September 20 at 10:30 UTC. On the other hand, the HMSTRUSDT contract will begin trading on September 26 at 12:30 UTC.The cryptocurrency exchange itself established a capped funding rate of +2.00%/-2.00% for both assets.
However, the cryptocurrency exchange itself has not yet determined the size of the tick. Users who trade the asset on Binance can take advantage of a staggering 75x leverage. However, the exchange declared its ability to alter the futures contract’s terms based on future market risk conditions.
Among the many modifications that could occur are adjustments to the contract’s “funding fee, tick size, maximum leverage, initial margin, and maintenance margin requirements”.
Taking everything into consideration, Binance’s decision to provide assistance to the newly emerging initiatives has reverberated with optimism for the future movements of their coins. The price of AERGO has experienced a remarkable increase since its futures debut on the exchange’s platform.
While this was going on, UXLINK’s price reached an all-time high as a result of its futures listing on the CEX. The approaching HMSTR and CATI perp contract launch has garnered significant attention due to these previous listings.
Binance had previously declared that it would be accumulating a stockpile of offerings to support the previously described initiatives during this interim period, adding to the optimism regarding the Telegram-based P2E games. The cryptocurrency exchange designated HMSTR as the 58th launchpool project.
Additionally, it included Catizen (CATI) as the 59th launchpool project, while concurrently extending support to games that are based on Telegram.
Taking everything into consideration, recent events have attracted a significant amount of attention to the most recent trend in pay-to-play games, which is Hamster Kombat and Catizen. Conversely, it’s crucial to note that we have scheduled the HMSTR listing for September 26 and the CATI listing for September 20.
