Binance announces the launch of DEGENUSDT perpetual contract

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Binance announced the launch of the DEGENUSDT perpetual contract on 2024-11-15 11:30 (UTC), with a maximum leverage of 75x. Binance has not yet listed its spot trading pair. According to coingecko, Degen is a token on the Base chain, initially a reward token for participants in the Farcaster Degen channel. It started as a MEME coin, but now has a large following of developers, crypto content creators, and enthusiasts who have purchased the token. Upon its initial release, 15% of the total supply was airdropped to active members of the Farcaster Degen channel, and there are plans to eventually airdrop 70% of the total token supply.

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