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MBLUSDT Contract Specs
MBLUSDT is a linear perpetual swap, margined in USDT. This allows users to gain exposure to the price of the MovieBloc token and trade it with leverage, without needing to have any MBL holdings.
Key contract details for our MBL token listing:
- Symbol: MBLUSDT
- Margin Currency: USDT
- Contract Size: 1 MBL
- Lot Size: 1000
- Minimum Trade Amount: 1000 MBL
- Underlying: .BMBLT
- Max Leverage: 10x
- Maker Fee: -0.015%
- Taker Fee: 0.02%
- Base Initial Margin: 10.00%
- Base Maintenance Margin: 5.00%
What is MBL?
MBL is the native digital token of MovieBloc – an extensive participant-centric movie ecosystem that has been created to offer transparent revenue share, audience data, and equal screening opportunities to creators. It is intended that intermediaries in the industry are removed, and a direct distribution channel between creators and their audiences is created. Symbiotically, viewers can access various films and content.
MBL is used for economic activity and for making payments by users to watch premium content, with paid tokens distributed to contributors, including creators and curators, through the smart contracts. Creators can also pay translators and designers, and as donations by users to other participants, including creators, translators, designers, reviewers, etc.
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