Posted on June 2, 2025
Gate.io, a leading cryptocurrency exchange, has just announced the launch of the $EDGEN perpetual contract, set to go live today, June 2, 2025, at 18:30 (UTC+8). This USDT-margined contract, offering up to 20x leverage, marks a significant milestone for LayerEdge, a Bitcoin Layer 2 solution gaining traction for its scalability innovations. Here’s what traders need to know about this exciting development and its implications for the $EDGEN ecosystem.
$EDGEN Perpetual Contract: Key Details
According to Skynet and COINOTAG, the $EDGEN perpetual contract (EDGEN/USDT) allows traders to speculate on the price of LayerEdge’s native token with amplified exposure, thanks to 1-20x leverage. This launch coincides with LayerEdge’s Token Generation Event (TGE) on Binance Alpha, where $EDGEN debuts with a 10% initial unlock (100 million tokens) from its 1 billion total supply. The contract, tradable at https://www.gate.io/futures_trade/USDT/EDGEN_USDT, offers flexibility for both retail and institutional investors, with Gate.io’s robust futures market—boasting a daily volume of up to $0.4 billion—ensuring liquidity.
Gate.io’s perpetual contracts are known for stability, backed by an insurance fund exceeding 1,000 BTC to cover liquidation losses. The platform uses composite indices from multiple exchanges to mark liquidation prices, reducing unnecessary liquidations. Traders can also practice risk-free via Gate.io’s demo account at https://www.gate.io/testnet/futures_trade/USDT/EDGEN_USDT.[](https://bitcoinethereumnews.com/tech/gate-to-launch-edgen-perpetual-contract-live-trading-with-usdt-settlement-on-june-2-2025/)
Why It Matters
LayerEdge, built on Zero-Knowledge proofs and BitVM, slashes Bitcoin’s Layer 1 settlement costs by up to 95%, making it a powerhouse for BTCfi and dApps. The $EDGEN token powers the Edgen Chain, an EVM-compatible blockchain, and supports staking, governance, and community rewards. With 46% of its supply allocated to the community, LayerEdge’s ecosystem is primed for growth, and Gate.io’s 20x leverage contract amplifies trading opportunities.
However, high leverage is a double-edged sword. A 20x position magnifies gains but risks liquidation with small price swings—novice traders should start with 10-20x and use stop-loss orders, as advised by Gate.io.
What to Expect
The $EDGEN contract launch aligns with strong market interest, with pre-market estimates pegging the token at $0.05–$0.20. Posts on X suggest short-term targets of $0.35–$0.90, driven by LayerEdge’s testnet success and Binance Alpha’s backing. Traders should monitor Bitcoin’s price action, as a $100,000 retest could impact $EDGEN’s volatility.
Ready to trade $EDGEN with 20x leverage? Visit Gate.io and share your predictions in the comments!
Disclaimer: This blog post is for informational purposes only and does not constitute financial or investment advice. High-leverage trading carries significant risks. Always conduct your own research.
Sources:
- Skynet: Gate Announces EDGEN Perpetual Contract Launch
- COINOTAG via bitcoinethereumnews.com: Gate to Launch EDGEN Perpetual Contract
- Gate.io: Leverage Guidelines
- X Posts: @layeredge
