Now Live: REDUSDT Perpetual Swap Listings With Up to 50x Leverage | BitMEX Blog
A new perp listing for RED REDUSDT is now available to trade on BitMEX, with up to 50x leverage.
Trading started here at 04:00 UTC on 7 Mar 2024. A Pre-Launch Futures contract for the same token – REDUSDTZ25 – is already available to trade here.
If you haven’t signed up for a BitMEX account yet, we’re currently offering up to $5,000 in BMEX Tokens for verified users- you can register here.
REDUSDT Contract Specs
REDUSDT is a linear perpetual swap, margined in USDT. This allows users to gain exposure to the price of the RED token and trade it with leverage, without needing to have any RED holdings.
Key contract details for our RED token listing:
- Symbol: REDUSDT
- Margin Currency: USDT
- Contract Size: 1 RED
- Lot Size: 1
- Minimum Trade Amount: 1 RED
- Underlying: .BREDT
- Max Leverage: 50x
- Maker Fee: 0.05%
- Taker Fee: 0.05%
- Base Initial Margin: 2.00%
- Base Maintenance Margin: 1.00%
You can trade the RED perpetual contract here, or refer to the full contract specs here.
About RED, the RedStone Token
RED is the native token of RedStone Oracle network, a decentralised oracle platform designed to provide secure and reliable data feeds to smart contracts across various blockchain ecosystems.
RED serves as a utility token for staking, governance, and incentivising data providers on RedStone, with a total supply of 1 billion tokens. RED is and will be allocated as follows: 48.3% to community, 24.3% to ecosystem and data providers, and 31.7% to early backers. At launch, 28% of the supply was unlocked, with the remaining tokens vesting over four years.
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