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Over the past weeks, there have been tons of perpetual contracts launched by Binance Futures. Perpetual contracts such as ETC/USDT, TRX/USDT, LTC/USDT, EOS/USDT, XRP/USDT, BCH/USDT, and lots more have been launched by Binance Futures.
The latest to be launched by Binance Futures as recently reported by Binance exchange is the LINK/USDT perpetual contract. According to the report, trade will be opened for the trading pair on 17th January 2020, at 08:00 AM (UTC).
#Binance Futures Will Launch @chainlink $LINK/USDT Perpetual Contract With Up to 75x Leveragehttps://t.co/ar9c9IJeYX pic.twitter.com/funTYqtkbl
— Binance (@binance) January 16, 2020
For this ChainLink (LINK) against Tether (USDT) trading pair, users will be able to select between 1-75x leverage.
So as to foil market manipulation, the cryptocurrency exchange will have to implement a pricing of ±1% on the mark price within the first quarter of the hour the trading starts.
Binance concluded by sending a note of warning to the participating users regarding the high level of risks that abound in the Futures trading. It pointed out that there are chances for great profits and notable losses.
It averred that the fact that the market is often overwhelmed with price volatility makes it possible for all margin balance in users’ future wallets to become completely liquidated.
ChainLink (LINK) Partners with Conflux
A couple of days ago, Conflux, a state-of-the-art public blockchain system, announced a strategic partnership with the decentralized oracle network connecting smart contracts with sure security.
According to Conflux, the partnership is designed to enable secure connection between blockchain and non-blockchain ecosystem.
ChainLink’s oracle network powers Conflux smart contract (on-chain) to grant it the ability to interact with reliable and trustworthy information outside the Conflux blockchain (off-chain)
In this course, ChainLink proves vital in introducing full decentralization to the connections of off-chain so as to avoid unwarranted errors in the smart contract.
Adding more to the report, the collaboration is expected to create a stable and decentralized link between Conflux smart contract and external data.