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Binance to List UnifAI and Launch High-Leverage UAIUSDT Contract

Gate joins Binance in launching UnifAI trading on November 6, offering up to 20x leveraged contracts alongside spot trading and future margin services.

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Summary

Gate announced it will list UnifAI (UAI) perpetual contracts with leverage ranging from 1x to 20x and enable spot trading starting November 6. The exchange plans to roll out margin, lending, and yield services for UAI shortly after launch. This follows Binance’s earlier announcement to list UAI and Belong (LONG) on its Alpha platform the same day, with Binance Futures introducing up to 50x leverage for UAIUSDT contracts and hosting token airdrop campaigns.

Terms & Concepts
  • Perpetual contract: A type of futures contract without an expiry date, allowing continuous trading of an asset with leverage.
  • Leverage: Borrowed capital used to increase the potential return of an investment, magnifying both gains and losses.
  • Airdrop: A distribution of cryptocurrency tokens to users, often used as a promotional or reward mechanism.