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Binance Exchange: ONT/USDT Contract Trading To Be Launched With 50x Leverage

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  • Binance Futures contract is yet again to launch another pair on its contract board with 50X leverage.
  • The top leverage option allowed on the Binance Futures platform is 125X.
  • The Blockchain of Ontology supports two tokens, namely ONT and ONG, ONT is consensus staking token while ONG is used on-chain services as a utility token.

Binance Futures contract is yet again to launch another pair on its contract board with 50X leverage. ONT/USDT pair will go live on the Binance Futures platform on the 11th of this month. Users have the usual option to select the leverage between 1-50X.

The Binance Futures contract on this pair will remain traditionally priced and is not valued on inverse contract. Binance uses the highly leveraged trading by using an improved and sophisticated risk engine and liquidation model.

It also comes with the leverage model that allows the users to leverage higher if the position held by them is lower and leverage placed at the lower point if the position held is higher. According to the Binance Futures platform, Initial margin openings are always calculated using the leverage selected by the trader.

The top leverage option allowed on the Binance Futures platform is 125X. If the trader doesn’t select the leverage option before opening his position, the leverage is automatically set to 20X. Only BTC/USDT has the option of 125X leverage on the platform. The shifting of the trade follows the same instructions, similar to the previous ones.

ONT (Ontology)

ONT or ontology is self-named a high-performance Blockchain which can be used in distributed ledger and smart contract systems.

The Blockchain of Ontology supports two tokens, namely ONT and ONG, ONT is consensus staking token while ONG is used on-chain services as a utility token. The ROI of ONT is at -65.65%, with a market value of $0.9 with a market capitalization of $574,104,006 and is placed at rank #26.

USDT (Tether)

Tether is holding rank at #7 and continues to rally the bears at -0.64% average. But it has bulls against BTC at 1.94% average. It has market capitalisation of $4,635,383,880 USD. IT holds its ROI of -0.15%. 

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