Cryptocurrency Exchange OKX announced on July 25th that it will add two new USDT-based permanent futures contracts to its platform. A new contract is a useless contract.
okx lists permanent contracts for uselessusdt and newtusdt
List timing
- UselessUSDT contract: July 25th 18:00
- NewtUSDT Contract: At 18:15 on July 25th, the contract in question will be active on OKX’s web platform, mobile applications and API access.
What’s not useful?
It is useless as a meme coin built on the Solana network. The project cynically criticizes the notion of “usefulness” that is often promoted in the crypto industry, turning “no use” into a brand value.
What is the Newton Protocol?
Newt (Newton Protocol) aims to create AI-powered strategies, automated trading systems, and secure infrastructure for the developer market. The platform aims to create a next-generation AI-driven crypto trading ecosystem for both individual and institutional users.
OKX’s move is part of a strategy that offers users more alternatives and speculative trading opportunities. In particular, the highly volatile memecoin projects and next-generation debt/AI initiatives can bring attractive opportunities for short-term investors.
Investors are noted to conduct a thorough investigation into the nature of the project, volatility level and trading risk before trading these new permanent contracts.
*This is not investment advice.
