Digital asset trading continues to evolve, offering traders more opportunities to diversify their portfolios and capitalize on market movements. In a strategic move to enhance its derivatives offerings, FameEX has announced the launch of three new USDT-margined perpetual contracts: WLDUSDT, 1000SHIBUSDT, and 1000XECUSDT. These contracts went live on August 3, 2023, at 18:00 (UTC+8), providing users with advanced trading instruments for popular meme and emerging blockchain-based tokens.
This update marks a significant step in expanding accessible, high-leverage trading options for digital assets with growing community interest and real-world utility potential.
New Perpetual Contracts Overview
Perpetual contracts are a cornerstone of modern crypto trading, allowing users to speculate on price movements without holding the underlying asset. Unlike traditional futures, they have no expiration date and are kept in line with spot prices through periodic funding payments.
The newly listed contracts on FameEX include:
- WLDUSDT: Tied to Worldcoin (WLD), a project focused on identity verification and decentralized finance.
- 1000SHIBUSDT: A leveraged representation of Shiba Inu (SHIB), one of the most recognized meme coins.
- 1000XECUSDT: Based on eCash (XEC), a scalable digital cash solution derived from Bitcoin ABC.
All three contracts are settled in USDT, ensuring stable valuation and seamless integration into existing trading strategies.
Key Contract Specifications
Understanding the technical details of each contract is essential for risk management and optimal trade execution. Below is a breakdown of the core parameters for all three perpetuals.
Common Features Across Contracts
| Feature | Details |
|---|
(Note: Table format removed as per instructions; converted to semantic Markdown list)
- Settlement Currency: USDT
- Trading Availability: 24/7
- Leverage Range: 1x to 20x
- Position Modes: Single-direction and dual-direction positions supported
- Margin Modes: Both single-currency and cross-margin options available
- Position Management: Full support for both isolated and cross-position modes
- Funding Rate Caps: ±0.75% (calculated using a moving average model based on the difference between contract and spot index prices)
- Settlement Intervals: Every 8 hours at 0:00, 8:00, and 16:00 (UTC+8)
Price Precision by Asset
Each contract is designed with granular price tick sizes to ensure precision in volatile markets:
- WLDUSDT: Minimum price movement of 0.0001 USDT
- 1000SHIBUSDT: Tick size of 0.000001 USDT, ideal for micro-fluctuations in SHIB’s price
- 1000XECUSDT: Price changes in increments of 0.00001 USDT
These fine-tuned increments allow traders to place accurate limit orders and manage slippage effectively.
Understanding Funding Rates and Risk Controls
One of the defining mechanics of perpetual contracts is the funding rate, which aligns the contract price with the underlying spot market. On FameEX, the funding rate formula ensures stability:
Funding Rate = Clamp(MA(((Best Bid + Best Ask)/2 – Spot Index Price)/Spot Index Price – Interest) × 100%, -0.75%, 0.75%)
Currently, the interest rate component is set to zero, meaning the primary driver of funding is the premium or discount between the contract and spot markets.
This mechanism helps prevent excessive divergence while capping extreme rates to protect traders during high volatility.
Risk Management Notes
It's important to note that FameEX reserves the right to adjust contract parameters—including leverage limits, margin requirements, and funding mechanics—based on market conditions. These changes may occur without prior notice, so traders should monitor real-time settings directly on the platform.
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Why These Assets Matter
Each of the newly listed assets brings unique value and community momentum to the table.
Worldcoin (WLD)
Worldcoin aims to create a globally inclusive financial network using biometric identity verification (via the "Orb"). Its goal is to distinguish humans from AI online—a growing concern in the digital age. As debates around digital identity intensify, WLD could see increased speculative and utility-driven demand.
Shiba Inu (SHIB)
As one of the original meme coins, SHIB has evolved beyond its playful origins. With developments like the ShibaSwap DEX, NFT initiatives, and a strong community ("ShibArmy"), it remains a favorite among retail traders. The 1000SHIBUSDT contract allows traders to gain exposure to SHIB’s price action without managing small denominations.
eCash (XEC)
Born from a hard fork of Bitcoin Cash ABC, eCash focuses on fast, low-cost transactions with an emphasis on being digital cash. It leverages the Avalanche consensus protocol for faster finality. With renewed interest in payment-focused cryptocurrencies, XEC presents an intriguing long-term speculative opportunity.
FAQ: Common Questions About the New Contracts
Q: What time did the contracts go live?
A: The WLDUSDT, 1000SHIBUSDT, and 1000XECUSDT perpetual contracts launched on August 3, 2023, at 18:00 (UTC+8).
Q: Can I use leverage on these contracts?
A: Yes, all three support leverage from 1x up to 20x. Be sure to manage your risk accordingly, especially in volatile conditions.
Q: How often are funding fees charged?
A: Funding occurs every 8 hours—at 0:00, 8:00, and 16:00 UTC+8. If you hold a position at these times, you’ll either pay or receive funding based on the prevailing rate.
Q: What happens if I don’t have enough margin?
A: Positions that fall below the maintenance margin threshold may be liquidated. It’s crucial to monitor your margin ratio and consider using stop-loss orders.
Q: Are there any fees for opening or closing positions?
A: Trading fees apply based on your fee tier (determined by trading volume and VIP level), but there are no additional charges specifically for opening or closing perpetual positions.
Q: Can I switch between isolated and cross-margin modes?
A: Yes, both margin modes are supported, giving you flexibility in how you allocate capital and manage risk across positions.
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Final Thoughts
The addition of WLDUSDT, 1000SHIBUSDT, and 1000XECUSDT perpetual contracts reflects FameEX’s commitment to delivering diverse, responsive trading products tailored to current market trends. Whether you're drawn to meme coin volatility or emerging identity and payment protocols, these instruments offer flexible ways to engage with dynamic digital assets.
As always, traders should conduct thorough research, use proper risk management techniques, and stay updated on platform announcements.
While this announcement highlights new opportunities on FameEX, traders seeking broader market access, deeper liquidity, and advanced analytics may benefit from exploring alternative platforms that offer similar instruments with enhanced features.
Remember: Digital asset trading involves significant risk. Only invest what you can afford to lose.