Bullish
Gate Launches 9 USD1 Perpetuals with 0% Fees and $140k Rewards
11:45
Gate introduces BTC, ETH, SOL perpetuals in USD1 with zero listing fees for VIPs. A concurrent contest offers up to 140,000 USD1 in vouchers and cash rewards for trading volume.
Woofun AI reports that Gate has launched nine perpetual contracts denominated in USD1, including pairs for BTC, ETH, and SOL, effective at 14:00 on August 13 (UTC+8). The exchange is simultaneously implementing a limited-time fee structure where VIP 0 to VIP 16 users incur 0% listing fees and receive a 75% discount on execution fees for these contracts.
Additionally, Gate initiated the "USD1 Contract Pioneer Contest" running from 15:00 on August 13 to 15:00 on August 20 (UTC+8). Participants can earn a 20 USD1 voucher for their first trade exceeding 1,000 USD1 volume, contribute to a 50,000 USD1 voucher pool via seven consecutive days of tasks, and compete for 50,000 USD1 in cash rewards based on cumulative volume. These rewards are cumulative, creating a total prize pool of up to 140,000 USD1.
WOOFUN AI
Impact Assessment · Quick Read
The introduction of USD1-denominated perpetuals allows traders to hedge against fiat volatility while maintaining exposure to crypto and traditional assets like gold. The aggressive fee waiver and substantial reward pool aim to rapidly onboard liquidity and establish trading habits for this new asset class. High incentives may temporarily inflate volume metrics, but sustained adoption will depend on the utility of USD1 as a stable settlement layer.
Generated by WOOFUN AI · For reference only, not investment advice
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