Key Points
Binance Futures has officially launched the COSUSDT Perpetual Contract at 13:00 (UTC) today, offering users up to 75x leverage. Following this announcement, the price of COS tokens surged by 16%.
Launch Details
In an official statement, Binance confirmed the launch of futures trading for Contentos (COS). The new perpetual contract allows traders to leverage their positions significantly, enhancing their trading options.
COS Price Surge
At the time of writing, the price of COS is above $0.008, reflecting a 16% increase over the past 24 hours. The token now boasts a total market cap of over $46 million.
Contentos Achievements
The Contentos team recently celebrated a major milestone, announcing that their Mainnet has officially entered its 6th year of operations. In a message shared on X on September 24, they encouraged users to join them in empowering creators and fans through Web3 and SocialFi.
Additionally, they announced that PASS Hunter is coming to their Channel VIP, with registration now open.
What is Contentos (COS)?
Contentos is a decentralized global content ecosystem. According to their official website, the vision is to build a decentralized digital content community that allows content to be freely produced, distributed, rewarded, and traded while protecting author rights.
Contentos aims to incentivize content creation and promote global diversity while returning rights and value to users.
Key Features of Contentos
- P2P Revenue Distribution: A decentralized revenue system that returns rewards directly to users.
- Decentralized Traffic Distribution: Users are compensated for sharing and promoting content.
- Trackable Copyright Transactions: Blockchain technology ensures 100% trackable copyright authentication.
- Immutable Credit System: Users’ credit scores are based on their contributions within the ecosystem.
Token Standards
The COS token operates on the BNB Beacon Chain (BEP2) platform. As the chain was retired, BEP-2 standard COS tokens ceased circulation in April 2024.
Conclusion
With the launch of the COSUSDT Perpetual Contract on Binance Futures, Contentos is set to enhance its trading landscape while continuing to empower creators and users in the decentralized content ecosystem.
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