USELESS PERP on Swapmos, up to 10x
Useless Coin is what the name suggests, a memecoin with no product behind it, so price is set by attention, social momentum and whoever is still holding. Liquidity is thin and gaps are common, which makes position size and stops matter more than the direction itself. On Swapmos it trades as a USDC margined perpetual with no expiry and up to 10x leverage.
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Contract specification
- Asset class
- Crypto
- Max leverage
- 10x
- Minimum order
- 10 USDC
- Price tick
- 0.00001
- Size tick
- 10
- Funding interval
- every 4 hours
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Leverage works in both directions. At 100x, a 1% move against a position takes out all of the margin behind it.