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BingX Perpetual Futures Lists ACH USDT, RSS3 USDT, MTL USDT and Multiple Trading Pairs

Dear Users,

BingX Perpetual Futures will list the following trading pairs:
ACH USDT, RSS3 USDT, MTL USDT, TRB USDT, DODO USDT
 
Time: 2023-02-22 15:00 (UTC+8)
 

What's Alchemy Pay (ACH) Coin?

Alchemy Pay (ACH) is a payment system that aims to bridge the gap between traditional and cryptocurrency economies. Its goal is to provide integrated gateway solutions for merchants, developers, and financial institutions, allowing seamless acceptance of both traditional and crypto payments. Alchemy Pay aims to address the complicated nature of regular payment methods and the difficulty in linking traditional and crypto payments. The traditional finance payment processing system involves many intermediaries, resulting in high transaction fees, particularly for cross-border transactions. Moreover, since cryptocurrency is not widely accepted for day-to-day transactions, individuals prefer traditional currencies.

Rather than replacing regular payments with crypto, Alchemy Pay intends to achieve a gradual transition to a decentralized world by presenting a hybrid solution that is simple to use. Its main service is an all-in-one payment network for businesses that enables payments via traditional mobile wallets, cryptocurrencies, and credit cards in any system, offline or online. Businesses can receive funds in traditional currency instead of cryptocurrency. Alchemy Pay aims to merge traditional and cryptocurrency payments in merchant settlement systems to serve businesses, institutions, and individuals.

ACH is the native token of the platform, which enables a comprehensive crypto-fiat transaction infrastructure. Transaction and processing fees can be paid in traditional currency or ACH. Paying fees via ACH results in a variety of fee savings, and users' voting rights on major business decisions and protocol modifications are distributed proportionally to ACH holdings. ACH holders and non-holders can qualify and be incentivized to vote or participate in various initiatives and campaigns using ACH. Additionally, transaction and DeFi rewards are distributed through ACH.

Trading symbol: ACH USDT

Reference: ACH price

What's RSS3 Token

RSS, short for Really Simple Syndication, is a straightforward and open-source program that allows users to subscribe to content at their own discretion. By incorporating RSS feeds into web content, developers can enable users to subscribe to various blogs, news outlets, and other web content according to their individual preferences. The RSS program can automatically and instantly aggregate the latest content for users without requiring any platform revisions.

The white paper explains that the RSS3 DAO has been created to oversee all transactions associated with RSS3 and its network, with its governance token being named RSS3. As per the most recent disclosure, 1 billion RSS3 tokens will be issued at once without any additional mining mechanism. These tokens will largely be subject to a gradual release and block period lasting between one to five years, apart from those distributed via public offerings and airdrops.

RSS3 tokens serve various purposes, including facilitating Global Indexer and Service Server Elections, imposing limits on the maximum number of RSS3 files that a Service Server can hold, setting a DKG key fragment limit, enabling updates to the subgroup escalation module, determining the duration of the season round, and managing the Treasury.

Trading Symbol: RSS3 USDT

What's Metal Pay (MTL) Token

Metal Pay is a platform that aims to simplify cryptocurrency transactions for consumers, and its token offering is called Metal (MTL). The platform provides a user-friendly interface that streamlines tasks like trading and real-time dealing in cryptocurrencies. It also features a specialized KYC identification marketplace to facilitate multiple cryptocurrency transactions.

To ensure the security of transactions, Metal Pay uses Proof of Processed Payments (PoPP) consensus, which requires users to be identified before currencies can be distributed. Incentivization is a key feature of the platform, with Metal tokens awarded as rewards to users for conducting transactions. MTL tokens run on the Ethereum blockchain.

According to the whitepaper, Metal Pay offers MTL tokens to incentivize user adoption of the platform, with tokens given as rewards for transactions and credits that can be used on the platform. MTL tokens are also used to offer discounts to users and incentivize merchants to use the platform.

The platform plans to create 66,588,888 MTL tokens, with 31% reserved for the platform and the remaining available for distribution. Of the available tokens, 18% is allocated for legal purposes, 40% for development, and 15% for marketing. The platform also sets aside 17% for operational costs and reserves 10%.

To ensure transparency in token distribution, Metal Pay uses a two of three escrow system, in which two of three members must approve operational funding. By prioritizing transparency and user-friendliness, Metal Pay aims to create a faster and more efficient exchange for users.

Trading Symbol: MTL USDT

Reference: MTL price

 

Visit the link below for the latest information on the leverage, maximum position for a single-direction trade, etc.

About Perpetual Futures Trading Pairs, Leverage and Limits

 

Notes:

1. If there are any adjustments to the maximum position of a single-direction trade, please refer to the latest announcement.

2. The leverage and limits are determined by users’ risk ratings. Different users may have different risk ratings.