3 New USDT-margined Contracts - FLOKI, CFX, STX
Author: Alan W. Date: February 20, 2023
At 10:00 UTC on February 21, 2023 Phemex will be listing FLOKI/USDT, CFX/USDT, and STX/USDT as new linear contract trading pairs that are all USDT-margined.
- FLOKI/USDT – Floki is the people’s cryptocurrency and the utility token of the Floki Ecosystem. It is a cryptocurrency birthed by fans and members of the Shiba Inu community and is inspired by (and named after) Elon Musk’s Shiba Inu. Learn more at https://floki.com/
- CFX/USDT – Conflux is a high throughput first layer consensus blockchain that utilizes a unique Tree-Graph consensus algorithm, enabling the parallel processing of blocks and transactions for increased throughput and scalability. Learn more at https://confluxnetwork.org/
- STX/USDT – Stacks is a layer-1 blockchain solution that is designed to bring smart contracts and decentralized applications to Bitcoin. These smart contracts are brought to Bitcoin without changing any of the features. Learn more at https://stacks.co/
These three trading pairs all support hedge mode, allowing you to keep both a long and short position at the same time. Doing so enables more advanced trading strategies to mitigate losses while requiring a lower margin outlay.
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