Now Live: USDT-Margined APECoin Listing with up to 33x Leverage
Fans of the Bored Ape Yacht Club - look no further. ApeCoin (APE) has arrived to the BitMEX ecosystem.
Our USDT-margined APE perpetual contractis now live andavailable for trading. Users will be able to select up to 33x leverage - one of the highest offered on ApeCoin in the derivatives space. APE in with us here, or read on to learn more.
APEUSDT Perpetual Contract Specs
Our new APEUSDTcontract is now available for trading. The contract specs are as follows:
Contract size:0.001 APE (Currently *** USDT) (USDT Multiplier is 1,000)
Contract type:This is a perpetual contract, meaning it does not settle. Note: This contract is subject to early settlement.
Launch date and time:22 March at 04:00 UTC
Lot size:1,000
Initial margin:3.00% + Entry Taker Fee + Exit Taker Fee
Maximum leverage:33x
Maximum order quantity:1,000,000,000
Maintenance margin:1.50% + Exit Taker Fee
Minimum trade amount:1 APE
Settlement:Settled and quoted in USDT (ERC-20)
Further Reading
What is ApeCoin (APE)
ApeCoin is an ERC-20 governance and utility token for culture, gaming, and commerce. Owned and operated by the ApeCoin DAO, the token is used within the APE ecosystem to empower a decentralised community at the forefront of web 3.0. Yuga Labs, the creators of the Bored Ape Yacht Club (BAYC), will adopt APE as its primary token across all new projects.
APE Token Allocation
ApeCoin’s total supply is permanently fixed at one billion APE. The APE token will be distributed among four main groups:
62% will be allocated to the ecosystem fund, which includes BAYC and Mutant Ape Yacht Club (MAYC) NFT holders and treasury/resources.
16% will be allocated to Yuga Labs and the Jane Goodall Legacy Foundation.
14% will be allocated to launch contributors.
8% will be allocated to the four founders of Yuga Labs and BAYC.
Are You Ready to APE in?
Start tradingAPEUSDT and enjoy up to 33x leverage, or sign up for BitMEX today. To be the first to know about our latest contracts and product launches, join us on Discord, Telegram,and Twitter. If you have any questions in the meantime, please contact Support.
