One of the world’s largest crypto exchanges, Binance has announced the launch of a new innovative token LDUSDT. The token will be a reward-bearing margin asset, which will be used in USDⓢ-M Futures Trading Pires.
What is Ldusdt?
Ldusdt is a token that Binance Users can achieve their Easy Earn Versatile Product Belongings by swapping. On holding this token, users will get rewards in the form of Real-Time APR (Annual Proportion Fee). This means that now users can make interest on them without stopping their trading funds.
Bfusd came first
Before the launch of LDUSDT, Binance launched another reward-bearing token named BFUSD. BFUSD gives users an opportunity to earn APY (Annual Proportion Surrender) from BINANCE investment and funding fee income and staking rewards. Now ldusdt is another step in the same direction that gives users more flexibility and beneficial options.
Binance purpose
Binance said in its statement, “Ldusdt is part of our commitment in which we prepare value giving value for users.”
The main objective of this token is to improve capital efficiency. This is especially beneficial for users who want to do futures trading but also want to make interest on their assets. Now they will not have to choose either of these two.
According to recent news, Binance now Vote to Checklist Vote to Delist Campaign It has brought, this is the first Vote to Delist Campaign, in this campaign, Binance will delist 14 tokans on 16 April from its platform.
Noted things
Binance has also clarified that in some cases the redemption may be delayed according to the rules of Easy Earn. For example, if a lot of users try to redeem together or have more volatility in the market, it may take some time.
Conclusion
This new token of binance ldusdt can be a great option for crypto users who want to use their capital more. This is not only useful for trading but it can also provide extra income to users in real-time.
