Perpetual Futures Contracts of 3 Platform Tokens: BNB, HT, OKB Now Available

[MattBerglund]

Source: https://coingape.com/basefex-launches-perpetual-contracts/

BaseFEX Launches Perpetual Contracts for 3 Major Exchange Tokens: BNB, HT, OKB


A professional crypto derivative trading platform, BaseFEX, has announced that the perpetual contracts of 3 most popular exchange platform tokens became available on March 28th, 2019. The 3 new contracts support up to 20x leverage.

Binance relaunched its Launchpad with several new tokens: Fetch.AI (FET) has seen 5 times growth since a series A round, and BitTorrent (BTT) 10 times. The success of Initial Exchange Offerings (IEOs) was inspiring, Huobi and OKEx, 2 other major platforms followed to launch their own offering projects, Huobi Prime (DPO) and OK Jumpstart. TOP Network, the first token of Huobi Prime was just launched and sold out in a few seconds on March 26th, Tuesday. Huobi announced that over 130,000 people participated in the IEO of TOP Network, and only 2968 of them made successful purchases. The TOP price soared for 26 times on Day 1.

The platform tokens of the 3 major exchanges became once again popular on the market, due to the success of these new IEO-alike projects and repurchase policies of the exchanges. Binance Coin(BNB) has seen roughly 300% growth in 3 months, Huobi Token(HT) rose by about 40% after the announcement of TOP Network, and OK Blockchain Token (OKB) rose by about 60% after the announcement of OK Jumpstart.

Huobi and OKEx have both opened leverage trading to help users trade on spot markets, but the high lending rate rejected a big portion of investors. BaseFEX, a new crypto derivative exchange, launches the perpetual contracts of the 3 tokens, providing more flexibility for investors, with the support of up to 20x leverage for the 3 tokens. For investors who hold great expectations, such a contract allows long positions with low leverage in the long run; for those who already hold a big amount of tokens, such a contract can be a risk hedge with short positions at high prices.

BaseFEX is one of the only two cryptocurrency futures exchanges in the world that support the cross-margin mode (the other being BitMEX, based in Hong Kong), a popular feature among professional traders. BaseFEX is already seeing a daily trading volume of over 200 million USD and increasing. The exchange supports 100x leverage for Bitcoin perpetual contract, and the world’s lowest commission fee, 0% for makers and 0.05% for takers.

BaseFEX development team uses a lot of cutting-edge internet technologies to make sure the trading engine is extremely reliable and fast, with 0 glitches processing buy and sell orders. By far the server overload probability has reduced to nearly 0%, while most of its competitors, such as BitMEX, are still harassed by this issue.

Before June 30th, 2019, all BaseFEX users can enjoy a 20% discount on their commission fees. Furthermore, big traders who reach 35 million USD trading volume in 7 continuous days can enjoy an additional 50% discount.

[takngantuk]

this is good news. I think there will be many people who like this. BNB is one of the coins that is currently warm, so there will be many enthusiasts later.

[MattBerglund]

this is good news. I think there will be many people who like this. BNB is one of the coins that is currently warm, so there will be many enthusiasts later.

Indeed, Binance Coin ranks #7 on coinmarketcap.com right now. Due to the great influence the 3 platforms have and more upcoming IEO-alike projects, we expect the 3 tokens to be more and more popular in the near future

[ajqjjj]

this is good news. I think there will be many people who like this. BNB is one of the coins that is currently warm, so there will be many enthusiasts later.

Indeed, Binance Coin ranks #7 on coinmarketcap.com right now. Due to the great influence the 3 platforms have and more upcoming IEO-alike projects, we expect the 3 tokens to be more and more popular in the near future

Binance coin was already reached in huge volume of marketcap so most of the investors are concentrate in good growing cryptocurrency. But others two is little difficult to move forward in crypto market. May be some private investors are hold the major volume of tokens so hard to choose in this platform.

[MattBerglund]

this is good news. I think there will be many people who like this. BNB is one of the coins that is currently warm, so there will be many enthusiasts later.

Indeed, Binance Coin ranks #7 on coinmarketcap.com right now. Due to the great influence the 3 platforms have and more upcoming IEO-alike projects, we expect the 3 tokens to be more and more popular in the near future

Binance coin was already reached in huge volume of marketcap so most of the investors are concentrate in good growing cryptocurrency. But others two is little difficult to move forward in crypto market. May be some private investors are hold the major volume of tokens so hard to choose in this platform.

That's the truth. However HT has become quite attractive these days as TOP Network was hot last week. The interesting thing about the 3 tokens is that they will have a lot of news more frequently, as new IEOs will be launched under their names. I can only expect they get more and more popular.

[X-ray]

this is good news. I think there will be many people who like this. BNB is one of the coins that is currently warm, so there will be many enthusiasts later.

Indeed, Binance Coin ranks #7 on coinmarketcap.com right now. Due to the great influence the 3 platforms have and more upcoming IEO-alike projects, we expect the 3 tokens to be more and more popular in the near future

Binance coin was already reached in huge volume of marketcap so most of the investors are concentrate in good growing cryptocurrency. But others two is little difficult to move forward in crypto market. May be some private investors are hold the major volume of tokens so hard to choose in this platform.

That means if binance has already known by a lot of parties. But this time we are discussing about a good news dude and it looks like binance and more crypto exchange sites are being famous into the stock market. Im feeling glad to see that happen.

[leea-1334]

Seems like a good idea, if you think it will be an outright competition between Binance Huobi and OKEx (I actually do not know OKex much at all). But what about all the other big exchanges also trying to do something really big? Bittrex and their IEO concept. And Bittrex new exchange Bitsdaq, which already will also give the same values to their tokens like BNB.

Then when you think about it, why not just get all three tokens plus more?

[d1ceplayer]

this is good news. I think there will be many people who like this. BNB is one of the coins that is currently warm, so there will be many enthusiasts later.

The crypto market is filled with competition and anything can happen in the nearest future, it is very much possible that we might see a better project and take our eyes off BNB, besides before BNB existed, we already have a lot of good project available but binance came with a new style and took over the market for quite a while now and I can assure you that same way binance were able to take over the market, we will soon see other projects that will take over binance in this space that's why I love the crypto world.

[MattBerglund]

This token contract idea has been welcomed by the market:

More than 2000 users traded the 3 platform token contracts, trading volume now over 1 billion USD (only the 3) in the first week, on BaseFEX.

We expected them to be big, but not THIS BIG.

There are more active platform tokens out there besides the 3, BaseFEX will try the best to launch more contracts with big potential. Which platform tokens/Altcoins you think we should launch next?

this is good news. I think there will be many people who like this. BNB is one of the coins that is currently warm, so there will be many enthusiasts later.

The crypto market is filled with competition and anything can happen in the nearest future, it is very much possible that we might see a better project and take our eyes off BNB, besides before BNB existed, we already have a lot of good project available but binance came with a new style and took over the market for quite a while now and I can assure you that same way binance were able to take over the market, we will soon see other projects that will take over binance in this space that's why I love the crypto world.

The 3 are really great, more to come in the future. Any suggestions?

Seems like a good idea, if you think it will be an outright competition between Binance Huobi and OKEx (I actually do not know OKex much at all). But what about all the other big exchanges also trying to do something really big? Bittrex and their IEO concept. And Bittrex new exchange Bitsdaq, which already will also give the same values to their tokens like BNB.

Then when you think about it, why not just get all three tokens plus more?

3+ is a great idea!

[madfox11]

 And Bittrex new exchange Bitsdaq, which already will also give the same values to their tokens like BNB.
Then when you think about it, why not just get all three tokens plus more?

Bitsdaq just has a bad reputation, I heard a lot of complaints about it. Traders could not withdraw funds (Ethereum, BTC) for 2 months.