New futures contract for Catizen on BitMEX: CATIUSDTU24 – information and security
New Catizen (CATI) Futures Contract on BitMEX Platform
A new futures contract for Catizen – CATIUSDTU24 – has been introduced on the BitMEX platform. This contract offers the opportunity to trade the CATI cryptocurrency before its debut on spot exchanges. It is settled in Tether (USDT) and allows leverage of up to 2x, enabling both long and short positions. Trading of CATIUSDTU24 began on September 16, 2024, at 09:00 Coordinated Universal Time.
Characteristics of CATIUSDTU24 Futures Contract
The CATIUSDTU24 contract is a linear futures contract settled in Tether (USDT). Here are the key details of this contract:
- Symbol: CATIUSDTU24
- Expiry Date: September 27, 2024
- Collateral Currency: USDT (ERC-20)
- Contract Size: 1 CATI
- Lot Size: 10
- Minimum Trade Amount: 10 CATI
- Leverage: Up to 2x
- Maker Fee: -0.0175%
- Taker Fee: 0.25%
- Initial Margin: 50.00%
- Maintenance Margin: 25.0%
Pre-Launch Futures for Catizen – Features and Safeguards
Pre-Launch futures are high-risk contracts due to their speculative nature and volatility. To protect the market from manipulation, several security measures have been implemented, including:
- Using the mark price as the marking method
- Setting upper and lower price limits
- Possibility of automatic de-leveraging
BitMEX will construct the .BCATIT index, with its current value at 0.
Information about Catizen Game and CATI Token
Catizen is a popular play-to-earn game available on Telegram, where players become mayors of a virtual city of cats. The game combines city-building elements with cryptocurrency economics, providing a unique gaming experience.
The Catizen token (CATI) is set to launch on September 20, 2024, on The Open Network (TON). Players also anticipate an airdrop campaign announcement. Since the game’s launch in March 2024, Catizen has generated revenues exceeding $10 million. The game has gained popularity, with over 34 million users and over 3.5 million daily active players, including 800,000 paying users.
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