We are excited to announce the upcoming launch of KMNO trading services. Starting from 11:30 AM on May 30, 2025 (UTC+8), KMNOUSDT perpetual contracts will be available on our web platform, mobile app, and API. Additionally, KMNO leverage trading and Simple Earn products will go live at 12:00 PM on June 2, 2025 (UTC+8).
This guide provides a detailed overview of the new offerings, key features, and essential details to help you navigate these services confidently.
Leverage Trading and Simple Earn
KMNO will be available for leveraged trading via the USDT trading pair. This allows you to open both long and short positions with borrowed funds, potentially amplifying your returns (though it also increases risk).
Key features of KMNO leverage trading include:
- Multi-level margin design to manage risk at different leverage levels.
- Flexible borrowing options with competitive interest rates.
- Real-time risk management and liquidation mechanisms to protect your positions.
For specific margin tier details, please refer to the official Leverage and Margin Tier Guide once the service is live.
KMNO will also be supported in Simple Earn, a flexible product that allows you to earn interest on your idle assets. You can subscribe to locked or flexible savings products based on your preference for returns and liquidity.
Available subscription limits and expected yields will be published on the launch date. To learn more about how Simple Earn works, you can review the Simple Earn Product Rules.
KMNO Perpetual Contracts
Perpetual contracts are a popular derivatives product that allows traders to speculate on the future price of KMNO without an expiration date.
Below is a summary of the key contract specifications for the KMNOUSDT perpetual contract:
| Contract Element | Details |
|---|---|
| Underlying Asset | KMNO/USDT Index |
| Settlement Currency | USDT |
| Contract Face Value | 100 |
| Price Quotation | Price of 1 KMNO in USDT |
| Minimum Price Movement | 0.00001 |
| Leverage | 0.01x to 50x |
| Funding Rate | Calculated based on the interest rate and premium index; capped between -1.50% and +1.50% |
| Funding Interval | Every 4 hours |
| Trading Hours | 24/7 |
A Note on Initial Funding Rates
Due to potential price volatility when a new contract is launched, the maximum funding rate will be temporarily capped at 0.5% until 12:00 AM on May 31, 2025 (UTC+8). This measure helps ensure fairness for traders during the initial unstable period.
The standard funding rate cap of 1.5% will resume effective for the funding interval calculated after that time, with the first collection at the new rate occurring at 4:00 AM on May 31, 2025 (UTC+8).
Please note that the platform reserves the right to adjust the funding rate mechanism based on market conditions to prevent excessive deviations between the contract price and the spot price.
All other standard trading rules for limit orders, fees, and risk management apply to KMNOUSDT perpetual contracts, consistent with other trading pairs. For a comprehensive understanding of how these contracts function, you can 👉 explore the perpetual合约 guide.
Frequently Asked Questions
Q1: What is the main advantage of trading KMNO perpetual contracts?
A: Perpetual contracts allow you to speculate on KMNO's price direction with leverage, enabling potentially higher returns from market movements without needing to own the underlying asset. They also offer 24/7 trading liquidity.
Q2: How is the funding rate calculated, and why does it exist?
A: The funding rate is a fee exchanged between long and short traders periodically. It is designed to tether the perpetual contract price to the spot market price. The rate is based on interest rates and the price premium/discount of the contract.
Q3: Is there a risk of liquidation in leverage trading and perpetual contracts?
A: Yes, both products use margin. If the market moves against your position and your margin balance falls below the maintenance margin requirement, your position may be liquidated to prevent further losses. Always use risk management tools.
Q4: What is the difference between Simple Earn flexible and locked products?
A: Flexible products allow you to redeem your assets and earned interest at any time, but offer lower yields. Locked products require you to commit your assets for a fixed term to receive a higher, guaranteed interest rate.
Q5: When will KMNO be available for trading with leverage?
A: KMNO leverage trading and Simple Earn are scheduled to go live on June 2, 2025, at 12:00 PM (UTC+8).
Q6: Where can I find the most accurate and updated information on margin tiers?
A: All official product details, including precise margin tiers and Simple Earn quotas, will be available on the respective product pages once the services are officially launched. Always refer to the platform for the latest information.
We are committed to continuously enhancing our product offerings and providing a secure, feature-rich trading environment for all users.