A leading digital asset exchange has officially launched perpetual futures contracts for three new tokens: NXPC, LAUNCHCOIN, and MUBARAK. This expansion provides traders with more opportunities to engage with emerging digital assets using leveraged products. These USDT-margined contracts are now available across all platforms, including web, mobile app, and API.
This guide details the key specifications, trading parameters, and unique features of each new contract to help you make informed decisions.
Key Launch Timings (UTC+8)
The three new perpetual contracts were launched sequentially to ensure a smooth market opening. The specific schedule was as follows:
- NXPCUSDT: Trading commenced at 6:00 PM on June 3, 2025.
- LAUNCHCOINUSDT: Trading commenced at 6:15 PM on June 3, 2025.
- MUBARAKUSDT: Trading commenced at 6:30 PM on June 3, 2025.
All contracts support 24/7 trading following their respective launch times.
Detailed Contract Specifications
Understanding the mechanics of each contract is crucial for effective trading. Below is a breakdown of each new offering.
NXPCUSDT Perpetual Contract
NXPC (NEXPACE) is the token for a blockchain-based game project developed by Nexon, set within the MapleStory universe. It leverages NFTs and its native token to create a decentralized ecosystem where players can truly own their in-game assets.
Core Contract Details:
- Underlying Asset: NXPC/USDT Index
- Settlement Currency: USDT
- Contract Face Value: 1 NXPC
- Price Quotation: USDT price per 1 NXPC
- Minimum Price Movement (Tick Size): 0.001
- Leverage: 0.01x to 50x
- Funding Rate Calculation: Complex calculation based on the premium index and interest rate, clamped within a -1.50% to +1.50% range.
- Funding Fee Settlement: Every 4 hours
- Trading Hours: 24/7
LAUNCHCOINUSDT Perpetual Contract
LAUNCHCOIN is the native token of the Believe platform, which allows users to create and launch their own tokens directly through social media posts on X (formerly Twitter).
Core Contract Details:
- Underlying Asset: LAUNCHCOIN/USDT Index
- Settlement Currency: USDT
- Contract Face Value: 10 LAUNCHCOIN
- Price Quotation: USDT price per 1 LAUNCHCOIN
- Minimum Price Movement (Tick Size): 0.0001
- Leverage: 0.01x to 20x
- Funding Rate Calculation: Complex calculation based on the premium index and interest rate, clamped within a -1.50% to +1.50% range.
- Funding Fee Settlement: Every 4 hours
- Trading Hours: 24/7
MUBARAKUSDT Perpetual Contract
MUBARAK is a meme coin inspired by the Arabic word meaning "blessed." Its value is primarily driven by community sentiment and online trends.
Core Contract Details:
- Underlying Asset: MUBARAK/USDT Index
- Settlement Currency: USDT
- Contract Face Value: 100 MUBARAK
- Price Quotation: USDT price per 1 MUBARAK
- Minimum Price Movement (Tick Size): 0.00001
- Leverage: 0.01x to 50x
- Funding Rate Calculation: Complex calculation based on the premium index and interest rate, clamped within a -1.50% to +1.50% range.
- Funding Fee Settlement: Every 4 hours
- Trading Hours: 24/7
Important Initial Funding Rate Notice
For all new contracts, initial trading periods can be volatile. To protect traders from extreme funding rate volatility immediately after launch, a special measure was implemented:
- The maximum funding rate was temporarily capped at 0.5% until 12:00 AM (UTC+8) on June 4, 2025.
- After this time, the standard maximum funding rate cap of 1.5% was restored.
- The first funding fee settlement under the normal cap occurred at 4:00 AM (UTC+8) on June 4, 2025.
The exchange also reserves the right to adjust funding rates based on market conditions to ensure fairness, particularly if significant price deviations occur. All other trading rules, including limit order specifications, align with the exchange's standard USDT-margined perpetual contracts. For a comprehensive understanding of all terms and conditions, it is always best to 👉 review the official perpetual合约 user agreement.
Trading Strategies for New Perpetual Contracts
Trading newly listed contracts requires a specific approach due to their inherent volatility and lower initial liquidity.
- Start Small: Begin with smaller positions to gauge market behavior and liquidity before committing significant capital.
- Monitor Volatility: New listings often experience sharp price swings. Use lower leverage to manage risk effectively.
- Understand the Asset: Research each project's fundamentals. Is it a utility token like NXPC, a platform token like LAUNCHCOIN, or a community-driven meme coin like MUBARAK? Each has different drivers.
- Watch Funding Rates: Pay close attention to the funding rate, especially in the early days. A highly positive or negative rate can significantly impact the cost of holding a position.
Frequently Asked Questions
What is a perpetual futures contract?
A perpetual contract is a derivative product that allows you to speculate on the future price of an asset without an expiry date. It uses a funding rate mechanism to tether its price closely to the spot market.
How does the funding rate work?
The funding rate is a periodic fee paid between long and short traders. If the rate is positive, longs pay shorts; if negative, shorts pay longs. This mechanism helps keep the contract's price aligned with the underlying spot index.
What leverage can I use on these new contracts?
Leverage options vary by contract. NXPC and MUBARAK offer up to 50x leverage, while LAUNCHCOIN offers up to 20x. Always remember that higher leverage amplifies both gains and losses.
Why was the initial funding rate cap lowered?
Lowering the cap immediately after launch protects traders from paying exorbitant funding fees due to the extreme premium or discount that can occur in a new and volatile market.
Are these contracts available on mobile?
Yes, these perpetual contracts are accessible for trading on the exchange's website, mobile application, and via API for automated trading strategies.
Where can I learn more about risk management?
It is crucial to understand the risks associated with leveraged trading before entering any position. You can 👉 access advanced educational resources on derivatives trading to develop a solid risk management strategy.