Fun

MCS, First Exchange to list TRON’s SUN and Klaytn’s KLAY Futures Contracts

News Feed - 2020-09-19 06:09:24

MCS, First Exchange to list TRON’s SUN and Klaytn’s KLAY Futures Contracts


Singapore, September 20, 2020— For the first time in the industry, MCS (MyCoinStory), a global cryptocurrency derivatives exchange announced the listing of SUNUSDT futures contract on September 18, 2020. Just a day prior to this launch, KLAYUSDT futures contract was released on September 17, 2020, which also was the first futures contract listing in the industry.


The SUN token used in SUNUSDT futures is the most distinguished experimental DeFi (Decentralized Finance) project token by the TRON Foundation in these days. The data published by TRON Foundation claims that 6.7 billion TRON were staked during the SUN’s Genesis Mining period which is approximately $191 million. The KLAY token in KLAYUSDT futures is the native currency of the Klaytn blockchain developed by Ground X, a subsidiary of Kakao Corporation.


This series of futures contracts release is called the “Colorful Quanto”, a series of quanto products with ‘colorful’ characteristics and variations.


A quanto contract refers to a derivative instrument that is settled as another asset instead of either the base currency or the counter currency in a trading pair. MCS’s first quanto product, KLAYUSDT futures, and the recently released SUNUSDT are both settled in BTC with a BTC margin, not in the base currency USDT or the counter currencies KLAY and SUN, respectively. MCS is focusing on introducing more unique quanto futures products before other exchanges do.


The representative of MCS quoted that “there are many cryptocurrencies traders show great interests, and often these cryptos fluctuate a lot. By listing more quanto futures products on MCS, we can give a variety of trading options true traders can enjoy and benefit from.”


Meanwhile, a bounty programand a trading competitionwith a prize pool of 10,000 KLAY are currently undergoing, and more events for SUNUSDT futures are expected in the near future.


For more info, contact support@mycoinstory.com.


###


* MCS (MyCoinStory)


MCS (MyCoinStory.com) is the next-generation cryptocurrency perpetual contract trading platform created by experts from the financial and blockchain industries.


Together with a team of experts, MCS is walking side by side with traders’ to access financial freedom in the best way possible by creating a reliable trading environment for traders which includes enterprise-level IT systems, multilingual online customer support, and a partnership with the industry-leading digital asset custodial company, ‘BitGo’.


MCS is constantly improving its trading platform for traders so that traders can dream of a better future. As the slogan #Be_a_Trader shows, MCS is focused on giving every trader in the platform the authentic ‘trading’ experience through various features and training materials.


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.Market Outlook: Bitcoin Breaks $11K, Whales Refuse to Sell, Downside Risk RemainsMARKET UPDATES | 3 hours agoGibraltar Updates Distributed Ledger Framework to Align With FATF Crypto RegulationsREGULATION | 6 hours agoTags in this storyBitcoin, Cryptocurrency, KLAY, KLAYUSDT, MCS, MyCoinStory, SUN, SUNUSDT, tron


Image Credits: Shutterstock, Pixabay, Wiki CommonsSpot-markets for Bitcoin, Bitcoin Cash, Ripple, Litecoin and more. Start your trading here.

News Feed

German Crypto Exchange Nuri Files for Insolvency
German Crypto Exchange Nuri Files for Insolvency Cryptocurrency exchange Nuri has filed for insolvency, reportedly becoming Germany’s first fintech to take the step in a cha
Ascendex Hacked — Exchange Loses $77 Million in ERC20, BSC, Polygon Tokens
Ascendex Hacked — Exchange Loses $77 Million in ERC20, BSC, Polygon Tokens Ascendex, a cryptocurrency exchange, suffered a security breach that allowed hackers to take control of
Derek Andersen3 hours agoBIS, 3 central banks look at DeFi technology for wCBDC FX in interim project reportProject Mariana uses an automated market maker to reduce settlement risk and to create a liquidity pool in place
John McAfee’s Body Is Still in a Spanish Morgue a Year After He Passed, His Widow Wants Answers
John McAfee"s Body Is Still in a Spanish Morgue a Year After He Passed, His Widow Wants Answers A year ago on June 23, the anti-virus software tycoon John McAfee was found dead in
Robert Kiyosaki Explains Why He Buys Bitcoin Citing Pension Funds and Inflation
Robert Kiyosaki Explains Why He Buys Bitcoin Citing Pension Funds and Inflation The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has explained why he
Guneet Kaur12 hours agoCrypto horrors: Tales of lost Bitcoin walletsFrom accidental deletions to enigmatic heists, lost Bitcoin tales emphasize the paramount importance of stringent security measures in the crypto world.
Singapore-Based Carpooling Platform Ryde Plans to Support Bitcoin Payments
Singapore-Based Carpooling Platform Ryde Plans to Support Bitcoin PaymentsThe popular and first Singapore-based carpooling platform, Ryde has revealed that customers will soon be ab
Ciphertrace Says Banks Unknowingly Process $2 Billion in Crypto per Year
Ciphertrace Says Banks Unknowingly Process $2 Billion in Crypto per Year According to the blockchain analysis firm Ciphertrace, major U.S. banks process roughly $2 billion in dig
Mytopsporstbook: Metaverse Takeover – Companies Like Nike, Ralph Lauren and the NFL Leading the Way
Mytopsporstbook: Metaverse Takeover - Companies Like Nike, Ralph Lauren and the NFL Leading the Way press release PRESS RELEASE.March 2022 – MyTopSportsbooks.com publishes th
Why User Experience Is Crypto’s True ‘Killer App’
Why User Experience Is Crypto’s True ‘Killer App’ There’s been a lot of buzz in the space recently about the importance of user experience. Kim Dotcom’s proclam
Yuga Labs Drops Otherside Litepaper — Document Covers the ‘Foundational Principles’ of the Metaverse Platform
Yuga Labs Drops Otherside Litepaper — Document Covers the "Foundational Principles" of the Metaverse Platform Following the introduction of the Otherside metaverse and the apecoi
Mark Zuckerberg embraces the Fediverse as Elon Musk’s social media empire shows decline
Tristan Greene6 hours agoMark Zuckerberg embraces the Fediverse as Elon Musk’s social media empire shows declineOnce thought to be the antidote for Musk’s version of social media, the Fediverse now has both Instagram