Gate.io Has Added MKISHU(1000000 x KISHU) Perpetual Contract
Gate.io has added MKISHU/USDT perpetual contract trading (USDT margin), supporting up to 20X leverage.
Trade MKISHU/USDT perpetual contract at: https://www.gate.io/futures_trade/USDT/MKISHU_USDT
You can also practice your skills at your demo account, risk free via:
https://www.gate.io/testnet/futures_trade/USDT/MKISHU_USDT
About MKISHU(1000000 x KISHU)
KISHU INU (KISHU) was created in April 2021 with the goal of being a decentralized meme project with true purpose. KISHU’s mission is to bring popular cryptocurrency concepts to the mainstream. Unlike older, comparable projects, KISHU introduces holders to next-gen concepts such as frictionless yield, NFTs, decentralized exchanges, and more. Within the first month of its launch, KISHU made history by surpassing a $2 billion market cap, over 130,000 holders and over 100,000 social media followers. This was an unprecedented milestone for a project of its kind, and proved the world’s belief in the project.
Please
note that the index price of MKISHU is 1,000,000 times that of the KISHU
spot market price. The notional value of 1 MKISHU = 1,000,000 KISHU .
https://www.gate.io/futures_market_info/usdt/MKISHU_USDT/market_info
About Gate.io Perpetual Contract Market
Gate.io's perpetual contract market is the most active market in the world, with a daily volume up to 0.4 billion USDT. We have accumulated over 1000 BTC in our insurance fund to cover losses due to liquidation. We offer up to 100X leverage for BTC and support high leverage of 20X or 50X for a dozen of other assets, such as ETH，EOS，LTC，BCH，BSV and more. We use composite indices from several exchanges to mark liquidation, thus avoiding unnecessary liquidation. The futures market has been running stably and significantly reduced investors’ risk.
Please note, perpetual contracts are of high leverage and incur a high risk. Please trade within your financial capacity.
About Margin Currency Types in Gate.io Perpetual Contract Market
Currently, there are two margin currencies, BTC and USDT, in Gate.io perpetual contract markets. Based on the margin currency, we group perpetual contracts into two separate groups, USDTmargined perpetual Contracts and BTCmargined Perpetual respectively. To trade any BTC margined perpetual contract, you have to transfer in BTC to your BTC Perpetual Contracts Account as margin, where PNL is also settled in BTC. To trade any USDT margined perpetual contracts, you have to transfer in funds to your USDT Perpetual Contracts Account, where PNL is also settled in USDT. USDT margined perpetual, using a stablecoin as margin and currency to settle Profit and Loss, they eliminate the volatility in return caused by BTC price fluctuations, which are considered a better fit to beginners.
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Gate.io Team
Nov 3, 2021
