Key Points
- Binance Futures will launch the MELANIAUSDT contract at 09:30 (UTC).
- Bybit also listed the Perpetual Contract with up to 50x leverage.
Earlier today, Binance announced the launch of a new futures contract for the MELANIA token to expand users’ trading choices and enhance their overall experience on the platform.
Binance Futures Listing Details
In its official announcement, Binance revealed that it will list the MELANIAUSDT Perpetual Contract with up to 25x leverage at 09:30 (UTC).
Binance referred to the official token website for details on distribution.
MELANIA Token Distribution
According to the project’s official website:
- 15% of the tokens are for public distribution.
- 10% of the tokens are for liquidity.
- 20% of the tokens are for the community.
- 20% of the tokens are for the Treasury.
- 35% of the tokens are set for team vesting.
Team Token Vesting Schedule
Here is the team token vesting schedule, according to the official website of the project:
- Day 1-30: The initial lock period
- Day 30: 10% of the team allocation will be unlocked, representing 3% of the total supply
- Months 2-13: The remaining 90% will vest linearly, and about 2.25% of the total supply will be released monthly
- Month 13: The full vesting will be completed
Also, official notes highlight that the vesting schedule ensures long-term commitment from the team while gradually increasing the circulating supply.
At the moment of writing this article, MELANIA is trading above $12.3 and the coin has a market cap of over $2 billion.
Today, January 20, Bybit also listed the MELANIAUSDT Perpetual Contract with up to 50x leverage.
The total supply of MELANIA tokens is 999.99 million coins and the maximum token supply is 1 billion MELANIA tokens.
The circulating supply is 162.21 million tokens.
What is MELANIA?
Melania Trump announced in a post on X on January 19 the launch of the Official Melania Meme, telling users that they could start buying the MELANIA coin. Donald Trump also reposted his wife’s announcement via his X account.
On the official website, the official token address is listed as: FUAfBo2jgks6gB4Z4LfZkqSZgzNucisEHqnNebaRxM1P on the Solana blockchain.
Also, the notes reveal that interested traders can buy MELANIA coins via the official website using a debit card or crypto. The project teamed up with Jupiter to provide a secure and easy purchasing experience.
The notes also highlight that MELANIA memes are intended for collecting and entertainment purposes only, and they are not financial instruments or investments.