OKX Unveils DOG Perpetual Futures with High Leverage

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As a seasoned crypto investor with a knack for spotting promising projects and a keen eye for lucrative opportunities, I must say that OKX’s listing of USDT-margined perpetual futures for DOG has piqued my interest significantly. Having been around the block a few times in this ever-evolving crypto landscape, I can appreciate the potential this move holds for DOG, a memecoin with deep roots in Satoshi Nakamoto’s principles of decentralization.

On November 19, 2024, at 6:00 am UTC, OKX initiated trading for USDT-margined futures contracts tied to the memecoin DOG, which is built on Bitcoin using the Runes standard. This service is now available through OKX’s web and app platforms, as well as its API.

This is a notable achievement for DOG, a completely community-led and decentralized digital token, all of which were airdropped this year as part of a voluntary project by the community.

The digital currency called DOG, sometimes referred to as DOG•GO•TO•THE•MOON, is an open-source token that strongly promotes the decentralization ideas of Satoshi Nakamoto. Trading pairs for perpetual futures involving DOG versus USDT are available, with leverage options ranging from 0.01 times to a maximum of 50 times.

Each contract is valued at 1,000 DOG, with price quotes provided in USDT. Trading is available 24/7, ensuring seamless access for investors globally.  

On OKX, they’ve established a funding fee system aimed at maintaining reasonable pricing. Initially, this fee is restricted to a maximum of 0.03% before November 19, 2024, 4:00 pm UTC. After that date, the cap will return to the usual 1.50%. The first charge after the change will occur at 8:00 pm UTC on the same day. For these contracts, the funding interval is set at four hours.

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2024-11-19 14:12