Binance Futures has made a move aimed at improving the user experience and managing market risks. USDⓈ-M announced that AMBUSDT perpetual futures contracts will soon be adjusting their leverage and margin tiers. The tuning went into operation in the morning today. Meanwhile, the price of altcoin AirDAO (AMB) took a leap. Here are the details…
Binance has announced a new altcoin
Binance, the largest crypto exchange with transaction volume, has made a new announcement, as we have reported as Kriptokoin.com. AMBUSDT will make some changes to its perpetual futures contracts. Investors and traders are advised to learn about the changes and consider adjusting their positions and leverage to reduce possible liquidation risks. In addition, the capped funding rate multiplier for the USDⓈ-M AMBUSDT contract has been increased from 0.75 to 1. This adjustment aims to stabilize the funding rates for the contract. You can find the changes in the contract in the screenshot below:
AMB token price jumps
Meanwhile, on August 28, the AMB token witnessed a notable increase in value according to market data. It is not known whether this price increase is related to the regulation on Binance. The token, which is associated with the AirDAO ecosystem, rallied to $0.01244 earlier in the day before experiencing a slight pullback. As of the latest data, the altcoin is trading at $0.01085, reflecting a 66.67 percent 24-hour increase. This ecosystem provides users with a unified login to interact with the AirDAO platform. AirDAO aims to provide a consumer-centric experience in the Web3 environment by combining its product strategy with Blockchain technology.
The ECB’s value fluctuations on August 28 remind us of the dynamic nature of the cryptocurrency market, where rapid price movements can occur within short time frames. The broader Blockchain ecosystem continues to evolve. Meanwhile, projects like AirDAO are contributing to the development of innovative solutions that leverage decentralized technologies to enhance user experiences.
What is AirDAO?
AirDAO is a community-managed decentralized layer-1 Blockchain that provides users with a fast, secure, easy-to-use ecosystem with inexpensive transaction costs. AMB-NET offers a variety of products, including FirepotSwap, bridge for cross-chain transactions, AirDAO staking platform, and more. The AirDAO ecosystem is powered by the native token AMB, which is used for on-chain transfers, staking, incentivizing nodes, and governance purposes.
AirDAO is a rebranded version of the Ambrosus network, which was officially launched on September 15, 2022. It was co-founded by three Blockchain enthusiasts, Angel Versetti, Gavin Wood, and Stefan Meyer. Angel Versetti has been in the Blockchain industry since the inception of Bitcoin. He has worked for famous companies such as Google and Tesla. Stefan, on the other hand, is a secure IoT and Blockchain architect with over 25 years of R&D experience at Nestlé Research and MHM Microtechnique.
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