This day, cryptocurrency substitute Huobi launched IOST/USDT margined swaps, deposits, and all transactions are in actuality enabled supporting 1x to 75x leverage.
IOST is the 50th token on this contract, which moreover comprises main tokens similar to BTC and ETH.
The newly launched IOST/USDT contract is a long perpetual contract, with the next facets:
- Stablecoin (USDT) as collateral.
- No provide date.
- The principle mechanism for anchoring the win 22 situation label is the “Funding Mechanism.”
- Swaps are settled every 8 hours. The settlement timestamps are 0: 00, 08: 00, and 16: 00 (GMT+8).
- Customers could well moreover withdraw the realized P&L at once after settlement.
IOST is a decentralized blockchain community per the next-know-how consensus algorithm “Proof of Believability” (PoB).