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SLVON Perpetual Contract launched today, supporting up to 20x leverage trading
【ChainWen】Just saw that Gate has launched SLVON perpetual contracts trading, and it came a bit quickly. Supports USDT settlement, with leverage options from 1x to 20x, and Gate Perp DEX has also been synchronized. The trading competition is also in preparation, and the official said they will announce the specific date very soon.
The SLVON project is interesting, claiming to be among the first to bring precious metals silver onto the chain, but it is actually a tokenized version of iShares Silver Trust. In simple terms, it turns traditional silver trust products into assets on the blockchain. Holders of the token can enjoy benefits similar to holding shares and reinvesting dividends. This tokenization approach is indeed exploring the integration of traditional assets with Web3, and the idea of precious metals as a safe-haven asset entering the crypto ecosystem offers a promising space for imagination.