Today, Huobi cryptocurrency exchange launched IOST / USDT margin swaps, deposits and all transactions that now support 1 to 75x leverage.
IOST is the 50th token in this contract, which also includes leading tokens such as BTC and ETH.
The newly introduced IOST / USDT contract is a long, open-ended contract with the following features:
- Stablecoin (USDT) as security.
- No delivery date.
- The main mechanism for anchoring the spot rate is the “financing mechanism”.
- Swaps are settled every 8 hours. The accounting timestamps are 0:00, 08:00 and 16:00 (GMT + 8).
- Users can withdraw the realized income statement immediately after settlement.
IOST is a decentralized blockchain network based on the next-generation consensus algorithm “Proof of Believability” (PoB).