Gate.io will add support for premarket trading for USDT margined DOGS/USDT perpetual contract starting on July 31, 08:00 UTC. The DOGS/USDT perpetual contract ( with the underlying asset of DOGS pretoken traded on gate.io premarket) supports up to 10X leverage, with funding interval of every 4 hours, and capped funding rate of ±2%.
Trade at:
https://www.gate.io/futures/USDT/DOGS_USDT
Please note,
1) The underlying asset of this perpetual contract is the DOGS pretoken that is traded on Gate.io premarket, not the DOGS coin.
2) Users can speculate on the future DOGS pretoken prices with perpetual contracts in the prermarket future market, before the standard DOGS perpetual contract trading is allowed on the main perpetual contract market.
3) The DOGS token metrics, such as total supply, market cap, etc are yet to be disclosed. Please make sure you understand the high risks involved before making your trading decision.
4) As more information about the DOGS is disclosed, Gate.io may convert the premarket perpetual contract to the standard perpetual contract, based on the official DOGS tokenecomics and metrics disclosed by its team. The details about the conversion will be announced separately.
4) The pretoken may not be exactly 1:1 convertible to the DOGS token. The convert ratio may be subject to the total supply of the token and other information.
5) RIsk Limits, initial margin, maintenance margin and max leverage of the premarket DOGS/USDT contract:
About DOGS
It is not just another meme coin. It’s the most Telegram-native meme coin, embodying the spirit and culture of our vibrant community. We’re bringing Spotty’s legacy into the world of cryptocurrency, creating something fun, community-driven, and uniquely ours.
About Premarket Perpetual Futures:
1.The premarket will allow users to engage in the not yet generated tokens trading with perpetual contract before tokens are officially listed on the spot market.
2.The premarket contract may be converted to a standard perpetual contract when the token is generated and traded on the spot market. In that case, the risk limit and other specifications may be adjusted accordingly when the standard perpetual contract is listed. An official notification will be given about the conversion with more details.
3.In the case the token is not listed on Gate.io due to various factors, such as compliance risks, token generation cancelled by the team behind the project, etc, the premarket perpetual may be delisted. An official notification will be given about the delisting in that case.
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Gate.io Team
July 31, 2024