Binance’s Leveraged Loan for 1000 Sats – BRC-20 Sats

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As soon as the recent listing announcement on the cryptocurrency exchange Binance was made, BRC 20 Sat (1000 SATS ) saw an increase in price with even greater power supplied by leverage. The future trading arm of Binance named Binance Futures have unveiled a novel addition called 1000SATS futures trading that is pegged to leverage of up to 50 times.

Binance Launches 1000SATS Futures Trading

The world’s leading bitcoin exchange, Binance, announced that it was rolling out Sats contracts with a value of one penny. Accordingly, Binance Futures will initiate 1000SATS futures trading with leverage of up to 50x, commencing at 17: 00 TRT today.

Futures trading on 1000SATS

The funding rate of 1000SATS futures trading will in the most restrictive sense not exceed two percent. The funding rate will be updated every four hours in accordance with how this is done in other futures trades.

Listing Surge: 1000SATS/USDT, 1000SATS/FDUSD, and 1000SATS/TRY

Earlier in the day at 15: Moreover, Binance announced that it will list 1000SATS on 3 trading pairs; namely 1000SATS/USDT, 1000SATS / FDUSD and 1000SATS / TR After that, the altcoin’s price suddenly skyrocketed by more than 70% in just few minutes. The price surge was made even more significant by a boost in listings courtesy of the Binance Futures platform.

Binance Altcoin chart

Altcoin chart

Impressive Gains for 1000SATS

According to data obtained from the crypto data and price platform CoinGecko, on preparing this article it is noted that 1000SATS price was traded at $0.000000523672 showing an improvement of 159 However, the altcoin’s trading volume increased dramatically in just that period climbing from $25.71m to $159.49m which is 560%.

Understanding SATS: Honoring Satoshi Nakamoto

The SATS is a BRC – 20 token meant to honor the anonymous inventor of Bitcoin or Satoshi Nakamoto. For example, there is the SATS, which stands for “Satoshi”, which is the smallest part of the bitcoin, being equal to one “Satoshi” which equals 0.00000001 BTC. Of note, 1000SATS is worth a lot more than a single SATS.

 

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