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Precious metal tokenization contracts go live, this exchange launches a $880,000 promotion
【BlockBeats】 Things have been getting lively lately—some leading exchanges have announced the launch of tokenized gold and silver contract trading. Specifically, two gold tokens, PAXG and XAUT, as well as the XAG silver token, are now tradable via perpetual contracts with USDT, with leverage up to 20x.
A special event has also been launched simultaneously, running from 7:00 PM on January 22 to 7:00 PM on January 29 (UTC+8), with a total prize pool of $88,888. The event is called “Gold and Silver New High Sprint Battle,” which sounds very engaging.
Getting a share is not complicated. After registering, trade PAXG/USDT, XAUT/USDT, or XAG/USDT. As long as your total trading volume exceeds 5000 USDT, you can participate in the guessing activity—guaranteed 100% win. Prizes are distributed based on your trading volume ranking. There are also rewards for inviting friends, adding an extra layer of earning potential.
The emergence of tokenized precious metals on exchanges is indeed a trend. Combined with the leverage mechanism of perpetual contracts, it offers traders new asset allocation options. However, participating in any leveraged trading requires understanding the risks, as both gains and losses can be amplified.