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BingX Pre-Launch Futures Has Launched PUMPUSDT
Pump.fun is a Solana-based platform for creating and trading memecoins, launched in January 2024 by Noah Tweedale, Alon Cohen, and Dylan Kerler. Known as a "launchpad" for memecoins, it enables users to create and trade tokens quickly, at low cost, and with ease. Below is an overview of Pump.fun: Instant Creation and Trading: Users can create tokens for free without providing initial liquidity, and tokens are instantly tradable on the platform. Bonding Curve Model: The platform uses a bonding curve pricing mechanism, where token prices increase gradually with purchase volume, offering stability and predictability for early investors. PUMP Token: PUMP is the platform’s native token, used for governance, transaction fees, and user incentives. In October 2024, Pump.fun announced a PUMP token airdrop to reward active users.
Pre-Launch Futures Parameters
Max. Leverage | Position Limit (USDT) | Maintenance Margin Rate | Initial Margin Rate |
5 | 1,000 | 5% | 20% |
4 | 2000 | 7% | 25% |
3 | 5000 | 10% | 33.33% |
2 | 10000 | 12% | 50% |
1 | 20,000 | 14% | 100% |
For more details, please refer to:
BingX Blog: https://blog.bingx.com
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