New Listings: SHIB, CFX, ACH, CORE, NVDA, and AMD USDT-margined Perpetual Futures

We are excited to announce that we have listed four new futures contracts on BTCC:

• SHIBUSDT Perpetual
• CFXUSDT Perpetual
• ACHUSDT Perpetual
• COREUSDT Perpetual
• NVDAUSDT Perpetual
• AMDUSDT Perpetual

You can now trade the above newly-added futures with up to 50x leverage on our app and web. Below is a table showing the contract specifications of this round of product addition.

Tokenized futures are innovative products invented by BTCC, including tokenized stock futures, tokenized commodity futures, etc. Users can buy or sell stocks and commodities on BTCC with USDT without opening accounts on other traditional exchanges to trade stocks and commodities. Find out more about tokenized futures on BTCC.

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SHIB (Shiba Inu)—The ‘Dogecoin killer’

What is SHIB?

• SHIB was created by an anonymous person or a group of persons known as ‘Ryoshi’ in August 2020.  It is an Ethereum-based counterpart of Dogecoin (DOGE), the first memecoin and the first ‘dog coin’ in the crypto space. 
• Featuring a cute shiba inu mascot in its logo, SHIB quickly rose to fame as a fun, light-hearted memecoin born out of internet culture on headlines and tweets from personalities like Elon Musk and Vitalik Buterin.
• Similar to DOGE, SHIB is designed to be intentionally abundant, with an initial circulating supply of one quadrillion. 
• The Shiba Inu ecosystem supports projects such as an NFT art incubator and the development of a decentralized exchange called Shibaswap. Shiba Inu’s native cryptocurrency, SHIB, is an ERC-20 token. 

Current momentum & future trend

• SHIB ranks 14th on CoinMarketCap, with a market cap of over $6 billion. It is currently trading at the $0.0000113 level.
• It was recently announced that Binance Pay has partnered with CityPay.io, a Georgia-based crypto payment gateway, and SHIB can be used at Wendy’s and more than 600 other vendors, including major hotels, restaurants, and supermarkets.
• On the other side of things, it has been reported that bankrupt cryptocurrency lender Voyager Digital has been transferring large amounts of crypto assets to Coinbase to boost its liquidity. As of 2 March, Voyager had transferred 2.24 trillion SHIB since 14 February. Voyager currently still owns $631 million worth of crypto assets, with SHIB accounting for the third highest value. The fear of a big sell-off appears to be weighing heavily on sentiment at the moment.
• Given the above news as well as concerns over Silvergate’s insolvency, will the SHIB sell-off continue? Monitor SHIB price with our market widget.

 

Conflux (CFX)—The only approved blockchain in China

What is CFX?

• Launched in 2018, Conflux is a public, permissionless Layer 1 blockchain that connects decentralised economies across borders and protocols. 
• The Conflux (CFX) token is the native token of the Conflux Network, and it is utilised as a reward for network miners and also serves as a payment method for transaction fees. CFX can be used for governance voting and staking to earn network interest.

What is unique about Conflux?

• Conflux is China’s only regulatory-compliant public blockchain, giving it a unique advantage for projects building and expanding into Asia. 
• In China, Conflux has partnered with both international brands and governmental organisations to work on initiatives related to blockchain and metaverse technology. Some notable collaborations include McDonald’s China, Oreo, and the city of Shanghai.

Current momentum & future trend

• CFX ranks 82nd on CoinMarketCap, with a market cap of over $506 million.
• The coin was only trading at the $0.02 level back in January 2023, but then its value surged by over 100% when ‘Little Red Book’, the Chinese version of Instagram, integrated the Conflux Network to allow its 200 million active users to display non-fungible tokens (NFTs) minted on this blockchain on their profile page.
• Since then, CFX has been on a roll. On 15 February, the Conflux network announced that it has partnered with China Telecom to pilot blockchain-enabled SIM (BSIM) cards in Hong Kong later this year.
• As a result of the partnership, CFX’s value soared tremendously, going from the $0.05-$0.06 level to the current $0.2 level. 
• With China showing a gradual change of stance towards the crypto sector and Conflux being the only compliant network in the country, do you think CFX has the perfect background to soar even further in 2023? Go long/short on CFX with up to 50x leverage.

Alchemy Pay (ACH)—Fiat-crypto payment gateway

What is ACH?

• Founded in 2018, Alchemy Pay is a Singapore-based hybrid payment solutions provider that aims to bridge the gap between traditional and cryptocurrency economies. It seamlessly integrates crypto and fiat currencies for businesses, developers, and users, making crypto purchases, commercial transactions, and DeFi services easily accessible.
• Alchemy Pay supports payments from over 170 countries with channels including Visa, Mastercard, Apple Pay, Google Pay, regional mobile wallets, and domestic bank transfers.
• ACH is Alchemy Pay’s native token on the Ethereum blockchain. Users can use ACH tokens to pay for the network’s transaction fees, access Alchemy Pay services, earn rewards by making payment transactions, use DeFi services within the Alchemy Pay ecosystem, and vote on the network’s governance proposals.

Current momentum & future trend

• ACH currently ranks 184th on CoinMarketCap, with a market cap of over $160 million.
• In a recent official announcement, Alchemy Pay announced its plans to expand into Asia after obtaining the licence from the Central Bank of Indonesia. This licence will improve the overall service for users across Asia and reduce the operating costs of their payment services. Following the announcement, ACH soared by over 7% to $0.04. 
• Adding to the bright side of Alchemy Pay’s business is that Revolut, the global digital bank with 25 million retail customers worldwide, has supported the purchase of ACH, allowing users to buy ACH from their Revolut accounts.
• Despite the pullback in price to the current $0.03 level on the Silvergate incident uncertainty, ACH was still up by over 140% in February. Will the uptrend continue in March? Create price alerts to keep track of ACH’s trend.

Core (CORE)—Blockchain with the ‘Satoshi Plus’ consensus mechanism

What is CORE?

• Core DAO is a Layer-1 blockchain running on a combined Proof-of-Work and Proof-of-Stake consensus mechanism known as Satoshi Plus, and CORE is the native token of Core DAO, the Core Network’s governing body. 
• The Core network has become popular for its nearly perfect network functionalities, which claim to own robust security as Bitcoin, smart contract ability as Ethereum, and high throughput as Solana. 
• The Core Network mainnet was released on 14 January 2023, and the network airdropped 25% of CORE’s total token supply to the community on 8 February 2023.

Current momentum & future trend

• CORE ranks 193rd on CoinMarketCap, with a market cap of over $138 million. 
• As a relatively new crypto, CORE was at the $4-5 level when it was launched in February 2023, and it is currently trading at the $2.8 level. Keep an eye on the CORE price with our market widget feature.

NVDA—Tokenized Stock Futures

What is NVDA tokenized stock futures?

• Invented by BTCC, NVDAUSDT is pegged at a 1:1 ratio with NVIDIA Corporation’s stock price. 
• 1 NVDA = 1 NVIDIA Corporation token = 1 share of the NVIDIA Corporation stock. 
• Users can go long or short on NVDA with USDT with leverage of up to 50x.

Find out more details about tokenized futures here.

Current momentum & future trend

• Known for designing and manufacturing mobile technologies and desktop computers, NVIDIA Corporation had a great start to 2023, surging by over 60% from $143 in January to the current $233 level.
• In the 2022 Q4 quarterly report, the topic of artificial intelligence development was heavily discussed by the company’s executives. According to Nvidia CEO Jensen Huang, the company’s new AI supercomputer is in full production. As the company is getting full steam ahead in the AI space, NVDA might have the potential to go bullish this year. Buy or sell NVDA with low fees.

AMD—Tokenized Stock Futures

What is AMD tokenized stock futures?

• Invented by BTCC, AMDUSDT is pegged at a 1:1 ratio with Advanced Micro Devices, Inc.’s stock price. 
• 1 AMD = 1 Advanced Micro Devices, Inc. token = 1 share of the Advanced Micro Devices, Inc. stock. 
• Users can go long or short on AMD with USDT with leverage of up to 50x.

Current momentum & future trend

• AMD is currently trading at the $80 level, having soared all the way from January’s $64.
• Major chipmaker AMD is venturing into the AI buzz as well. AMD CEO Lisa Su introduced the company’s MI300 superchip, which consists of 146 billion transistors and includes CPU, GPU and memory all-in-one, at this year’s Consumer Electronics Show (CES).
• Additionally, recent news reports that hedge fund Third Point Management’s Dan Loeb has taken a passive stake in AMD, causing the company’s stock price to jump 3% on the news. Will AMD have a bright future ahead in 2023? Keep an eye on its trend with our market widget for free.

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