As a seasoned crypto investor with a knack for spotting potential gems and avoiding pitfalls, I find myself intrigued by OKX’s latest announcement. The launch of USDT perpetual contracts for Virtual Protocol’s token VIRTUAL and Tron-based meme coin SUNDOG certainly piques my interest.
On December 11th, OKX is set to introduce USDT perpetual contracts for Virtual Protocol’s token and a Tron-based meme coin. These contracts will offer a maximum leverage of 50 times.
In a recent announcement, the significant crypto exchange OKX plans to add the AI agent platform token VIRTUAL and the meme coin SUNDOG (SUNDOG) to its offerings as USDT-margined futures contracts. Beginning on Dec. 11 at 10:00 UTC, trading for VIRTUAL/USDT perpetual futures will be supported. On the same day, trading for SUNDOG/USDT starts at 10:15 UTC.
Both perpetual contracts have a minimum leverage of 0.01x and a maximum leverage of up to 50x.
The funding fee established for both perpetual contracts will be +1.50% and -1.50% with zero interest. The funding fee calculation frequency is set to occur every four hours. The tick size for the SUNDOG/USDT and VIRTUAL/USDT perpetual contracts are set to 0.0001.
As a researcher, I’d like to inform you that we are setting a temporary cap on the funding fee for our perpetual contracts at 0.03% before 16:00 UTC on December 11. This measure is intended to prevent excessive fee increases caused by the volatility of newly launched futures. After 16:00 UTC, the cap will be reverted back to the standard rate of 1.5%. Please note that the funding fee for this period will be collected at 20:00 UTC on December 11.
As I eagerly await the OKX listing, SunDog’s price action remains relatively subdued, with a mere 2% increase as per the data from crypto.news. At present, this Tron (TRX)-tied token is exchanging hands for around $0.15. Over the past seven days, it has nosedived by a staggering 20.1%, and over the last fortnight, it’s seen a decrease of 3.9%.
The digital asset known as SUNDOG boasts a significant market value exceeding $144 million, with daily trading activity approximating $120 million. Currently, there are about one billion SUNDOG tokens in circulation.
In comparison to Sundog, Virtual’s token price has more than doubled. As per CoinGecko data, the Virtuals Protocol token increased by approximately 4%, currently valued at $1.68. Over the past week, it rose by 3%, and over the last two weeks, it experienced a growth of nearly 100%.
The value of VIRTUAL exceeds 1.6 billion dollars in the market, and it trades over 267 million dollars worth every day. There are currently one billion tokens of this digital currency in circulation.
Sundog, ranked sixth among tokens in the Tron network, is also the largest cryptocurrency based on a dog theme. Originally created as a meme coin, Sundog has evolved beyond its humorous beginnings to provide multiple functionalities. You can find it listed on several platforms such as Bybit, Bitget, and Gate.io.
The Virtual Token serves as the indigenous currency within the Virtuals Protocol, a layer specifically designed for self-governing artificial intelligence agents. This platform empowers users to develop their personal AI agents through either introducing a fresh token or utilizing an already established one.
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2024-12-11 14:29