The MAJOR token has been listed on a major cryptocurrency exchange, expanding its trading capabilities. This development offers traders and investors new avenues to engage with the MAJOR market through advanced financial products.
This guide details the newly available trading and earning options for MAJOR, including key specifications and operational timelines.
Key Dates and Launch Overview
The rollout of MAJOR products is being executed in two phases:
- Perpetual Contracts: MAJORUSDT perpetual contracts officially launched on November 28, 2024, at 9:00 PM (UTC+8). This product is accessible via the exchange's web platform, mobile application, and API.
- Leverage Trading and Simple Earn: MAJOR leverage trading and Simple Earn products became available on November 29, 2024, at 12:00 PM (UTC+8).
This structured release allows users to familiarize themselves with the perpetual合约 market before additional features go live.
Understanding MAJOR Leverage Trading
Leverage trading allows users to borrow funds to amplify their trading positions, potentially increasing both profits and losses.
- MAJOR leverage trading is available specifically against USDT (MAJOR/USDT).
- The exchange employs a tiered margin system. This means the amount of leverage available decreases as your position size increases, a common risk-management feature.
- Specific tier details and applicable interest rates for borrowed funds can be found within the exchange's official "Leverage and Margin Tier Explanation" documentation after the launch.
Earning Passive Income with MAJOR Simple Earn
For holders looking to generate yield on their assets, the Simple Earn product offers a straightforward solution.
- Users can subscribe their MAJOR tokens to the Simple Earn program to earn interest over time.
- The specific subscription limits and anticipated annual percentage yield (APY) for MAJOR are dynamic and should be checked directly on the platform's "Simple Earn Rules" page once the product is active.
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MAJORUSDT Perpetual Contracts Specifications
Perpetual contracts are derivative products that allow traders to speculate on the future price of MAJOR without an expiry date. The key specifications for the MAJORUSDT contract are summarized below.
| Contract Element | Details |
|---|---|
| Underlying Asset | MAJOR/USDT Index |
| Settlement Currency | USDT |
| Contract Face Value | 1 MAJOR |
| Price Quotation | Price of 1 MAJOR in USDT |
| Minimum Price Movement (Tick Size) | 0.0001 |
| Leverage Range | 0.01x to 50x |
| Funding Fee Mechanism | Calculated based on the difference between the contract's mark price and the spot index price. The rate is clamped between -1.5% and +1.5%. |
| Trading Hours | 24/7 |
Important Notes on Funding Rates
Due to the potential for high volatility and premium instability immediately following a new listing, the exchange implemented a temporary funding rate cap:
- Until November 29, 2024, 00:00 (UTC+8): The maximum funding rate was capped at 0.03%.
- After November 29, 2024, 00:00 (UTC+8): The funding rate cap returned to the standard range of -1.5% to +1.5%.
The first funding fee settlement under the standard cap occurred on November 29, 2024, at 8:00 AM (UTC+8). All other standard rules for USDT-margined perpetual contracts apply to MAJOR trading.
Frequently Asked Questions
Q: What is the minimum amount of MAJOR I need to start with Simple Earn?
A: The minimum subscription amount varies. You need to check the Simple Earn product page on the exchange at the time of subscription, as these limits can change based on network demand and available capacity.
Q: Can I use leverage on both long and short positions for MAJOR?
A: Yes, leverage trading and perpetual contracts allow you to open both long (betting the price will rise) and short (betting the price will fall) positions on the MAJOR/USDT trading pair.
Q: How often are funding fees paid/received in perpetual contracts?
A: Funding fees are typically exchanged between traders every eight hours. If you hold a position at the funding timestamp, you will either pay a fee (if you are on the side of the market with more open interest) or receive a fee (if you are on the opposite side).
Q: Is there a risk of liquidation with Simple Earn?
A: No, the principal risk with a simple earn product is the market risk of the asset itself depreciating in value. There is no liquidation risk from borrowing or leverage as you are simply lending your assets to earn interest.
Q: Where can I find the most accurate pricing information for MAJOR?
A: The exchange uses a spot index price for its perpetual contracts, which is an aggregate price from several major trading venues. This helps prevent market manipulation on a single platform and ensures fair pricing for derivatives.
Q: Are these products available to users in all regions?
A: Availability of specific products like leverage trading and derivatives can be subject to local regulations. It is the user's responsibility to check if these services are accessible in their region and compliant with their local laws.
The introduction of these advanced trading products significantly enhances MAJOR's accessibility and utility within the digital asset ecosystem. Traders now have a more robust toolkit for speculation and risk management, while long-term holders have a new method to earn yield on their holdings. As always, it is crucial to understand the risks involved with each product before committing capital.