We are excited to announce the full integration of the CATI token for trading, with support for perpetual futures, margin trading, and Simple Earn products. These new features provide increased flexibility and opportunity for traders and investors looking to engage with the CATI market.
Starting at 10:30 am UTC on September 20, 2024, CATI perpetual futures trading will be live. Shortly after, at 4:00 am UTC on September 24, 2024, both margin trading and Simple Earn for CATI will become available. These updates are accessible across all platforms, including web, mobile app, and API interfaces.
Comprehensive CATI Trading Services
The introduction of these services offers users multiple ways to interact with the CATI token, from leveraged trading to earning passive income.
Margin Trading for CATI
Spot margin trading will be activated for the CATI/USDT trading pair. This allows traders to borrow funds to amplify their trading positions, potentially increasing both gains and losses.
Tiered margin levels will apply to this pair, and specific details regarding these tiers will be provided on the official website following the listing. It is crucial for users to understand the margin requirements and associated risks before engaging in leveraged trading.
Simple Earn Opportunities
The Simple Earn product enables users to earn interest on their idle CATI holdings by committing them to flexible or fixed-term savings products. Details on contribution limits and anticipated yields will be available on the platform after the official listing goes live.
For those looking to maximize their returns on crypto assets, this is a straightforward way to generate passive income. 👉 Explore more earning strategies
CATI Perpetual Futures Contracts
The new USDT-margined perpetual futures contract for CATI provides traders with a direct way to speculate on the future price of the token without an expiration date.
Key details of the CATIUSDT perpetual futures contract:
- Underlying Index: CATI/USDT
- Settlement Asset: USDT
- Contract Face Value: 1 CATI
- Price Quotation: USDT equivalent per 1 CATI
- Minimum Price Movement (Tick Size): 0.0001
- Leverage Offered: 0.01x to 50x
- Trading Hours: 24 hours a day, 7 days a week
Understanding Funding Rates
A funding fee is periodically exchanged between long and short traders to ensure the futures contract price converges with the spot index price. The rate is calculated as follows:
Clamp(MA([(Best bid + Best offer) / 2 – Spot index price] / Spot index price – Interest), -0.75%, 0.75%), where Interest = 0.
To protect users during the initial launch phase when premiums can be volatile, a temporary funding fee cap is in place. Until 4:00 pm UTC on September 20, 2024, the upper limit for the funding fee is set at 0.03%. After this time, the cap will be adjusted to the standard maximum of 1.50%. The first funding fee collection under the normal regime will occur at 12:00 am UTC on September 21, 2024.
Price limit rules for this new contract align with the platform's standard policies for other perpetual futures. For a deeper understanding of how perpetual futures work, please consult the official trading guides.
Frequently Asked Questions
What is the CATI/USDT perpetual futures contract?
It is a derivative product that allows you to speculate on the future price of CATI against USDT without an expiry date. The contract uses USDT as collateral and involves the payment of funding fees to maintain price alignment with the spot market.
How can I start earning with my CATI tokens?
You can subscribe to Simple Earn products once they go live. By locking your CATI tokens in either flexible or fixed-term plans, you can earn interest rewards. Specific APY rates and lock-up periods will be detailed on the product page at launch.
What leverage is available for CATI margin trading?
Leverage for the CATI/USDT spot margin pair will be determined by a tiered system based on your risk level and other factors. The exact leverage tiers will be published on the platform's official help pages after the service is activated.
Why is there a temporary funding fee cap?
New perpetual contracts often experience high price volatility and premium instability immediately after launch. The temporary cap of 0.03% is a protective measure to prevent users from being charged excessively high funding fees during this initial period of price discovery.
Are these services available in all regions?
Availability of specific products, including perpetual futures, margin trading, and earn products, is subject to local laws and regulations. Users should check their eligibility for these services within their jurisdiction on the platform's official website.
Where can I learn more about trading perpetual futures?
The platform provides extensive educational resources and trading guides that cover everything from the basics to advanced strategies for perpetual futures trading. 👉 Get advanced trading methods