It's 06/06 (June 6), and Gate just added a new Stock to the Futures section: the $VOLX

I decided to ask Gate AI the lore about this Stock and here is what I got 👇

"What is VOLX?
VOLX stands for Volatility Index. It measures the market's annualized implied volatility for the S&P 500 over the next 30 days. Think of it as the crypto world's version of the traditional VIX (often called the "fear gauge" in stock markets).

The Timeline
June 6, 2026 (Today):
•Gate officially launched VOLX perpetual futures trading (USDT-M)
•Available leverage: 1x to 20x
•Supports both long and short positions

June 8, 2026:
•The old VIX_USDT perpetual futures will be delisted
•All open VIX positions will be automatically settled
•VOLX becomes the new standard volatility index contract on Gate

Why the Change?
Gate essentially rebranded their VIX perpetual futures to VOLX. The underlying asset and trading rules remain the same—only the trading symbol changed. This aligns with Gate's broader strategy of offering volatility-based derivatives products.

What Makes VOLX Interesting?
Unlike regular crypto tokens, VOLX doesn't track a cryptocurrency price. Instead, it tracks market volatility expectations:
•When markets get fearful → VOLX goes up
•When markets are calm → VOLX goes down

This gives traders a way to:
•Hedge against market volatility
•Speculate on fear/greed cycles
•Diversify beyond traditional crypto assets"

Stay informed with Gate AI 🗞️
GM 💗