BitMEX arranged for the launch of a perpetual $DOOD contract on May 12, with margin trading available in USDT.
Modified Base Article:
On May 12, 2025, at 04:00 UTC, the BitMEX exchange will list the new DOODUSDT perpetual contract. This contract offers a thrilling opportunity for traders to employ up to 50x leverage when working with the DOOD token. The DOOD token plays a pivotal role in the Doodles ecosystem and its decentralized storytelling framework.
The upcoming listing signifies a significant leap for innovative crypto trading products, allowing traders to experience price exposure without a direct need for token possession. As users prepare strategies ahead of the launch, initial market depth has been bolstered by early deposits from liquidity providers.
Key Aspects of the DOOD Perpetual Listing on BitMEX
The DOOD Perpetual Contract on BitMEX is a linear swap, margined in USDT. Each contract size equals 0.1 DOOD, and traders must meet a minimum of 10 DOOD for trades. Maker and taker fees are set at 0.05% per transaction. High-leverage strategies can be used, but beware; price swings could lead to quick, major gains or losses. A solid grasp of contract mechanics and market context is essential for informed trading. Traders should always account for volatility and leverage before entering positions. This product is especially appealing to high-risk, high-reward traders seeking cutting-edge instruments.
Background on the Listing
The DOOD token's initial trading took place on Bitget on May 9, 2025, with early deposits opened for liquidity building ahead of live markets. These consecutive listings reflect growing interest in utility-driven crypto assets, blending creative aims with advanced trading options. They underscore a thriving community supporting development, though perpetual contract speculation might deviate from DreamNet's content objectives. Striking a balance between trading excitement and the token's long-term mission is crucial.
The DOOD Token's Role in a Sustainable Creative Economy
Rather than functioning like typical NFT tokens, the DOOD token forms the backbone of the DreamNet protocol, which operates on Solana. DreamNet facilitates user-created content and collaborative storytelling, challenging the dominance of centralized entertainment franchises. Each Universe Token empowers contributors to add characters, settings, and story ideas, which integrate into a coherent world using tokenization. This design balances creative freedom with financial sustainability, underpinning the DOOD's deeper utility beyond mere trading.
The DOOD Token in the Doodles Metaverse
As the first Universe Token in the Doodles metaverse, the DOOD token tracks creative contributions and ensures narrative consistency. Users, developers, and automated agents interact via this token, fostering a shared fictional canon across the ecosystem. In the future, AI-readable formats could further enhance storytelling platforms, bridging human creativity and automated tools as a gateway to participate in evolving narratives.
Potential Influence of the BitMEX Listing on the Future of DOOD
The DOOD Perpetual Contract provides an accessible means for traders to bet on token value. However, the token's core ambition lies in a decentralized storytelling infrastructure. The tensions between market speculation and ecosystem development must be carefully managed to achieve a balance. The BitMEX listing could drive more liquidity and visibility, benefiting the ecosystem's growth, but success hinges on maintaining narrative consistency and attracting developers and community members. A successful future for the DOOD token will arise from a balanced approach that acknowledges both financial and creative aspects.
Enrichment Data Highlights:
- Impact on Liquidity and Market Exposure: Increased exposure and liquidity resulting from the BitMEX listing could lead to more stable and consistent trading conditions, which are key for a token's longevity.
- Ecosystem Development: The BitMEX listing could support the growth of the decentralized storytelling ecosystem by attracting investors to the crypto asset and its potential without fully committing to its underlying mission.
- Speculation vs. Ecosystem Goals: The high-leverage trading associated with BitMEX's contracts may attract traders focused on short-term gains, potentially leading to tension between market speculation and the ecosystem's core mission.
- Regulatory and Geographical Restrictions: The BitMEX listing is subject to geographical restrictions, limiting the token's reach and adoption in certain regions.
- The BitMEX exchange is set to list the DOODUSDT perpetual contract involving the DOOD token, offering a 50x leverage opportunity for traders in the crypto market.
- The DOOD Perpetual Contract on BitMEX, a linear swap margined in USDT, is appealing to high-risk, high-reward traders seeking advanced instruments.
- Users must have a minimum of 10 DOOD for trades, and contract mechanics and market context are crucial for informed trading.4.BITGET listed the DOOD token earlier for trading, with liquidity building ahead of live markets.
- The DOOD token forms the backbone of the DreamNet protocol, a decentralized storytelling framework operating on Solana, and it has a deeper utility beyond trading.
- In the Doodles metaverse, the DOOD token tracks creative contributions and ensures narrative consistency, fostering a shared fictional canon across the ecosystem.
- The BitMEX listing could drive more liquidity and visibility, benefiting the ecosystem's growth, but maintaining narrative consistency and attracting developers and community members is essential for the token's success.
- With the BitMEX listing, the DOOD token could generate more stable and consistent trading conditions, key for a token's longevity, but attracting speculative traders could lead to tension between market speculation and the ecosystem's core mission.
