Now Live: NILUSDT Perpetual Swap Listings With Up to 50x Leverage

A new perp listing for NIL (Nillion) - NILUSDT – is now available to trade on BitMEX, with up to50xleverage.

Trading has started here as of04:00 UTC on 25 Mar 2024. A Pre-Launch Futures contract for the same token – NILUSDTH25 – is already available to trade here.

If you haven’t signed up for a BitMEX account yet, we’re currently offering up to $5,000 in BMEX Tokens for verified users- you can register here.

NILUSDTContract Specs

NILUSDTis a linear perpetual swap, margined in USDT. This allows users to gain exposure to the price of the NIL token and trade it with leverage, without needing to have any NIL holdings.

Key contract details for our NIL token listing:

• Symbol:NILUSDT

• Margin Currency: USDT

• Contract Size: 0.01 NIL

• Lot Size: 100

• Minimum Trade Amount: 1 NIL

• Underlying:.BNILT

• Max Leverage: 50x

• Maker Fee: 0.05%

• Taker Fee: 0.05%

• Base Initial Margin: 2.00%

• Base Maintenance Margin: 1.00%

You will be able to  trade theNILperpetual contract here, or refer to the full contract specs here.

About NIL, the Nillion Token NIL is the native token of the Nillion network, a decentralized platform that enables secure and private data processing through "blind computation." This innovative approach allows computations on encrypted data without revealing the underlying information. Nillion announced its mainnet launch would be expected in Q1 2025.

NIL serves to secure the network, manage resources, incentivize node operators, and facilitate governance, with a total supply of 1 billion tokens. The allocation details for NIL tokens are not explicitly outlined in the available sources, but a significant portion is dedicated to incentivizing community engagement and strategic partnerships.

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