Binance launches PONS and Hajimi perpetual futures

Binance Futures launched two USDT-settled perpetual contracts on Sept. 6, adding markets for Pons (PONS) and the Chinese meme coin 哈基米, commonly rendered as Hajimi. Summary Binance Futures launched PONSUSDT and HajimiUSDT perpetual contracts on September 6, settled entirely in USDT. Both contracts trade continuously, require five USDT minimum notionals and settle funding every four hours. PONS previously joined Binance Alpha, while neither futures launch guarantees a Binance Spot listing afterward. Binance’s announcement conflicts on PONS leverage, publicly showing both twenty times and three times limits. Hajimi rose about 248% in the initial snapshot, while PONS gained approximately 24% daily. The PONSUSDT contract opened at 06:45 UTC. HajimiUSDT followed at 07:15 UTC, according to Binance’ announcement. Both products allow eligible traders to take leveraged positions without owning the underlying tokens. The launches followed sharp price increases for both assets. At the time of the initial report, PONS traded near $0.891 after gaining about 23.9% over 24 hours. Hajimi was quoted near $0.0584 following an approximately 248.5% increase. Later information on Binance Alpha showed Hajimi near $0.070 and up more than 330% over 24 hours. The difference reflects the token’s rapid movement and the timing of each price snapshot. These figures describe past trading conditions and do not establish a continuing trend. You might also like: Binance flags 4 tokens and removes 14 from Alpha Binance futures contracts use USDT settlement PONSUSDT and HajimiUSDT are USDⓈ-margined perpetual contracts settled in USDT. Perpetual contracts have no scheduled expiration date. They use recurring funding payments to help keep their prices aligned with the relevant underlying markets. Binance set the minimum order at one token for each contract. Each order must have a notional value of at least 5 USDT. The PONSUSDT tick size is 0.0001, while HajimiUSDT uses a smaller 0.00001 tick. Both markets operate continuously, subject to maintenance and risk controls. Their funding rates are initially capped at positive or negative 2%, with funding settled every four hours. The cap does not mean traders will always pay or receive 2%. The applicable rate changes according to conditions in each market. Multi-Assets Mode is supported. This feature lets eligible traders use approved assets other than USDT as margin, subject to Binance’s collateral haircuts and account rules. Binance said it would also make the contracts available for Futures Copy Trading within 24 hours of their launch. Binance’s PONS leverage details contain a conflict The published material provides inconsistent information about maximum PONSUSDT leverage. Its introductory summary says PONSUSDT offers up to 20x leverage and HajimiUSDT offers up to 3x. However, the contract specifications table lists 3x as the maximum for both markets. That discrepancy remains material because leverage determines the amount of collateral required and how quickly an adverse price movement can trigger liquidation.