Gate to Launch FOLKS USDT Perpetual Contracts with Up to 20x Leverage

Gate to Launch FOLKS USDT Perpetual Contracts with Up to 20x Leverage

According to Gate’s official announcement, CLANKER and BEAT perpetual contracts settled in USDT are now live with leverage options up to 20x, alongside the launch of its decentralized Gate Perp DEX platform.

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Fact Check
The assessment is based on exceptionally strong evidence from the most authoritative source provided. The official Gate X account, a primary source with the highest authority, directly announces that FOLKS perpetual futures are available with up to 20x leverage. This single source is sufficient to verify the statement with a high degree of certainty as it confirms every component: the platform (Gate), the product (perpetual contracts), the specific asset pair (FOLKS/USDT), and the maximum leverage (20x).This primary evidence is further strengthened by corroborating posts from two other sources. Although they have lower authority, they independently repeat the same specific details, lending additional credibility to the claim. The lack of any conflicting evidence among the relevant sources solidifies the conclusion. The sources deemed irrelevant or low-quality do not contradict the statement; they simply fail to provide useful support, and therefore do not detract from the strength of the positive evidence.
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Summary

Gate officially announced the listing of CLANKER and BEAT USDT-settled perpetual contracts, offering leverage from 1x to 20x. These new derivatives are available through Gate Perp DEX, the exchange’s decentralized perpetual trading service, which is now live.

Terms & Concepts
  • Perpetual Contract: A cryptocurrency derivative without an expiration date, allowing continuous trading and price tracking of the underlying asset.
  • USDT: Tether, a stablecoin pegged to the value of the US dollar, commonly used for trading and settlement in crypto markets.
  • DEX: Decentralized Exchange, an online platform for peer-to-peer cryptocurrency trading without a central authority.