The perpetual contract for Filecoin's native coin, FIL-PERP-USDT, is now available to trade with up to 100x leverage.
What is FIL?
FIL is the native token of Filecoin, a decentralised data storage network that lets users to sell their excess storage on an open platform.
The decentralised data storage network acts as the incentive and security layer for the InterPlanetary File System (IPFS), which is a peer-to-peer network for storing and sharing data files, turning the IPFS storage system into an algorithmic market. Users can store and distribute data on the network by paying storage providers in Filecoin’s native token, FIL.
Trading FIL-PERP-USDT on Interdax
Interdax’s FIL perpetual contract is margined and settled in USDT. The contract specs for FIL-PERP-USDT can be found here.
The fee structure for FIL-PERP-USDT is the same as our other perpetual contracts: maker fees are 0.00% while taker fees are 0.05%.
To trade the FIL-PERP-USDT contract you will need to deposit USD Tether (USDT). Select USDT Perpetuals, then FIL-PERP-USDT from the instrument panel. To deposit USDT, click on the ‘Deposit’ on the top right-hand side (shown below):
Once you’ve selected FIL-PERP-USDT, the USDT balance will be displayed by the account panel on the top right-hand side.
After clicking on ‘Deposit’, your USDT address and deposit history will be shown. When sending USDT to Interdax, you’ll be able to trade the FIL-PERP-USDT contract with up to 100x leverage once the transaction has 12 confirmations.
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