Cryptocurrency exchange Gate.io added perpetual contracts for BitTorrent tokens (BTT) with the possibility of leverage up to 100x. This is reported on the website of the trading platform.
The contract is available in pair with the US dollar (BTT / USD). The maximum deposit amount for this contract is limited to 1 BTC by default, however, it can be increased over time depending on the market conditions and the rating of one or another investor.
Perpetual contracts are similar to futures. They also allow you to open positions for a fall using leverage, however, unlike futures, they have no expiration date.
Note that the BitTorrent project performed a successful IEO on the basis of the Binance Launchpad platform - in just 18 minutes $ 7.2 million was collected. It was enshadowed with some technical issues.