Binance Futures Adds NEWTUSDT Perpetual Contract with AI-Powered Rollup Focus

This new listing will allow up to 5x leverage and is part of Binance’s effort to expand trading options and […]

The post Binance Futures Adds NEWTUSDT Perpetual Contract with AI-Powered Rollup Focus appeared first on Coindoo.

This new listing will allow up to 5x leverage and is part of Binance’s effort to expand trading options and cater to emerging technology sectors.

Newton Protocol: AI Meets Blockchain

The underlying asset, Newton Protocol (NEWT), is designed to integrate artificial intelligence with blockchain through a secure rollup architecture. The project’s mission includes supporting AI-driven trading strategies and establishing a decentralized marketplace for AI developers. NEWT has a total supply of 1 billion tokens and aims to become a backbone for automated financial innovation.

Contract Features and Trading Mechanics

The NEWTUSDT perpetual contract is USDⓈ-margined and settled in USDT, with trading available 24/7. Funding fees will be settled every four hours, and the funding rate is capped at ±2.00%. During the pre-market phase, the mark price is determined using a rolling 10-second average of recent trade prices, recalculated every second. If fewer than 21 transactions are available in that window, the mark price uses the last 20 trades.

   

 

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Transition to Standard Perpetual Contract

Once a stable index price is established from spot market data, the NEWTUSDT contract will transition from pre-market to standard perpetual format. This process will not disrupt trading activity, and open orders and positions will remain intact throughout the shift.

Disclaimer on Product Risks

Binance notes that some features of the Newton Protocol remain under development, and the current utility of the token may be limited. As with all cryptocurrency derivatives, the exchange advises users to conduct thorough due diligence due to the associated investment risks.

The post Binance Futures Adds NEWTUSDT Perpetual Contract with AI-Powered Rollup Focus appeared first on Coindoo.

 

Source: https://coindoo.com/binance-futures-adds-newtusdt-perpetual-contract-with-ai-powered-rollup-focus/

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