New Listings: CAKE, LUNC, CELO, MASK, AMZN, KO USDT-margined Perpetual Futures

We are excited to announce that we have listed six new futures contracts on BTCC:

• CAKEUSDT Perpetual
• LUNCUSDT Perpetual
• CELOUSDT Perpetual
• MASKUSDT Perpetual
• AMZNUSDT Perpetual
• KOUSDT Perpetual

You can now trade the above newly-added futures with up to 50x leverage on our app and web. Below is a table showing the contract specifications of this round of product addition.

AMZN and KO are tokenized stock futures, a new product type invented by BTCC. Users can trade stocks and commodities on the BTCC platform using USDT as the margin. Find out more details about tokenized futures.

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CAKE (PancakeSwap) – The leading DEX on BNB Smart Chain

What is CAKE?

CAKE is the native cryptocurrency of PancakeSwap, the leading decentralised exchange on the BNB Chain on which users can trade and earn crypto. Launched in September 2020, PancakeSwap uses an automated market maker (AMM) model, which means liquidity pools are used instead of order books. 

To earn rewards on PancakeSwap, users can deposit funds into the pool to get liquidity provider (LP) tokens in return. By becoming liquidity providers on the exchange, users can farm the tokens to earn CAKE rewards, stake their CAKE in Syrup Pools, and use CAKE to play the Lottery. 

PancakeSwap also provides an NFT Marketplace, where users can buy and sell NFTs on the BNB Smart Chain.

Current Momentum

• CAKE has been on a downtrend since 12 December 2022 and is now trading at the $3.64 level. 
• The Pancakeswap team recently announced that they have partnered with LayerZero labs to introduce access of the PancakeBridge and Cake token to the Aptos network.
• With the partnership, users will be able to bridge CAKE and USDT between BNB Chain and Aptos.
• Despite the news, traders are creating short positions on the coin instead. Are you bearish on CAKE as well? Go short with up to 50x leverage.

LUNC

About Terra Classic (LUNC) 

Following the crash of Terra (LUNA) in May 2022, the Terra blockchain has been rebranded as Terra Classic, and the original native token LUNA has also been renamed as LUNC.

The Terra network was founded by Do Kwon and Daniel Shin in April 2019. After the depeg of UST (the stablecoin of the Terra blockchain) from the US Dollar in May 2022, LUNA crashed by over 99%. 

Due to Terra’s implosion, Do Kwon came up with a relaunch proposal called Terra Ecosystem Revival Plan 2. The plan involved hard forking the existing blockchain and airdropping LUNC tokens to existing holders of LUNA and UST. The old chain is then named Terra Classic, and the native token is rebranded as Terra Classic (LUNC).

CELO

About Celo (CELO)

CELO is a proof-of-stake (PoS) token on Celo, a global payments blockchain ecosystem that aims to make cryptocurrency adoption accessible to anyone with a mobile phone.

Celo hopes to introduce cryptocurrency transactions to billions of smartphone owners around the globe, including those without banking access, by allowing seamless transfers of funds using mobile numbers as public keys for Celo wallet addresses.

The CELO token serves as a utility token for transaction fees, governance participation, and related activities on the Celo network.

MASK

About Mask Network (MASK)

Launched in July 2019, the Mask Network is a decentralised protocol that enables users to send encrypted messages over social media platforms such as Facebook and Twitter, bridging users of traditional social networks to the decentralised world.

Aside from offering more secure social media communications, the Mask Network also provides a decentralised file storage service powered by the Arweave Network. Users can upload and store their content on the decentralised platform to retain their information permanently.

MASK is the governance token of the Mask Network. It is governed by a decentralised autonomous organisation (DAO) called the MaskDAO. Token holders can vote on key MaskDAO decisions, with each MASK token representing one vote.

AMZN

Invented by BTCC, AMZNUSDT is pegged at a 1:1 ratio with Amazon.com, Inc.’s stock price. 

1 AMZN = 1 Amazon.com, Inc. Token = 1 share of the Amazon.com, Inc. stock. 

Users can go long or short on AMZN with USDT with leverage of up to 50x.

Find out more details about tokenized futures here.

KO

Invented by BTCC, KOUSDT is pegged at a 1:1 ratio with Coca-Cola Company’s stock price. 

1 KO = 1 Coca-Cola Company Token = 1 share of the Coca-Cola Company stock. 

Users can go long or short on KO with USDT with leverage of up to 50x.

Find out more details about tokenized futures here.

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