Binance Futures will launch a new perpetual contract for dogwifhat (WIF), a memecoin on the Solana blockchain, on its futures platform. The contract will allow traders to use up to 50x leverage and will be denominated in USDⓈ-M, a stablecoin pegged to the US dollar. WIF is a meme-inspired token that features a dog wearing a hat and claims to be the fastest and cheapest memecoin. WIF is not yet listed on Binance’s spot market or any other major exchanges. The contract will go live on 2024-01-18 at 14:15 (UTC).
Binance Labs backs Memecoin, the meme coin by 9GAG’s Web3 venture studio Memeland, which is also Binance’s 39th new launchpool project.