The world's largest cryptocurrency exchange #Binance has made an announcement that will excite the crypto markets again. The company has officially announced that it has launched the pre-market listing for the revolutionary AI-based project Magic Newton (#NEWT ) in futures!
📅 Launch Date and Details
Binance announced on Wednesday, June 19 that it has opened the USDT perpetual futures contract for Magic Newton (NEWT) with a maximum leverage of 5x in the pre-market phase.
🔹 The NEWTUSDT contract will start trading at 14:30 UTC on June 19.
🔹 This listing offers an important opportunity for investors to take positions on NEWT before the spot market.
🤖 What is Magic Newton?
Magic Newton stands out as an innovative platform that offers AI-powered trading strategies, automated trading systems, and a secure rollup infrastructure for AI developers. This project, which brings together blockchain and artificial intelligence, aims to start a brand new era at the intersection of DeFi and artificial intelligence.
💹 Pre-Market Features
Binance's pre-market futures system allows investors to take futures positions before a token's spot market listing. Here are the prominent pre-market features for the NEWT contract:
Mark Price Calculation:
The mark price, updated every second, is based on the average of the last 10 seconds of transaction prices.
If the number of transactions is less than 21, the price is determined based on the last 20 transaction prices.
Funding Rate Range:
It will initially be between -%2.00 and +%2.00 and will be updated every 4 hours.
Multi-Assets Mode Support:
Users will be able to use not only USDT but also Bitcoin and other assets as transaction collateral.
🔁 Merger and Transition Process with Spot Listing
Binance announced that with the listing of Magic Newton on the spot market, this pre-market contract will directly convert to a standard futures contract. During this process:
Open positions and orders will be preserved as is
There will be no transaction interruption on the user side
🛡️ Flexible Adjustments
The exchange also emphasized that it can make dynamic adjustments to trading parameters such as:
Funding rates
Leverage limits
Margin requirements
depending on changes in market conditions.
📊 Result: AI + Crypto = Early Access to the Trend of the Future!
Magic Newton's pre-market listing not only demonstrates Binance's innovative structure, but also the huge interest in AI-based projects. This unmissable opportunity for both investors and technology enthusiasts offers an important strategic move before the potential explosion in the spot market.
🔔 Stay tuned to not miss the developments!
📈 NEWT could herald a new era in the crypto leg of the AI revolution…
