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OKX will launch of USDT perpetual contracts for Virtual Protocol’s token and Tron-based meme coin on Dec. 11 with leverage of up to 50x.
In a recent notice, major crypto exchange OKX announced that it will list AI agent platform token VIRTUAL and meme coin SUNDOG (SUNDOG) as USDT (USDT)-margined perpetual futures. Trading support for VIRTUAL/USDT perpetual futures will begin on Dec. 11 at 10:00 UTC, meanwhile trading for SUNDOG/USDT starts on the same day 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.
The exchange noted that it will place the upper limit for both perpetuals contract’s funding fee to 0.03% before 16:00 UTC on Dec. 11, to avoid unreasonable fee increases due to fluctuations of newly launched futures. The upper limit for the funding fee will go back to 1.5% after 16:00 UTC. The funding fee for this period will be charged on Dec. 11 at 20:00 UTC.
In the minutes leading up to the OKX listing, SUNDOG has barely moved, only having gone up by nearly 2% according to data from crypto.news. At the time of writing, the Tron (TRX)-based token is currently trading hands $0.15. In the past week, the token has plummeted by 20.1% and 3.9% in the past two weeks.
SUNDOG has a market cap of more than $144 million and a 24-hour trading volume of around $120 million. SUNDOG has a total circulating supply of 1 billion tokens.
Meanwhile, VIRTUAL has gone up twice as much as SUNDOG. According to data from CoinGecko, the Virtuals Protocol token went up by nearly 4% and holds a current value of $1.68. VIRTUAL has gone up by 3% in the past week and nearly 100% in the past two weeks.
VIRTUAL has a market cap of more than $1.6 billion and a 24-hour trading volume of $267 million. The token has a total circulating supply of 1 billion tokens.
SUNDOG is the sixth largest token and the biggest dog-themed meme coin on the Tron ecosystem. Initially launched as a meme coin, SUNDOG has grown beyond its playful origins to offer a variety of features. It is currently listed on a number of exchanges including Bybit, Bitget and Gate.io.
VIRTUAL is the native token of Virtuals Protocol, which is a layer for autonomous AI agents. The platform enables users to create their own AI agents by launching a new token or an existing one.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
This article first appeared at crypto.news
