BitMEX Lists DOODUSDT Perpetual Contract with 50x Leverage

BitMEX Exchange has announced the listing of the new DOODUSDT perpetual contract, scheduled for May 12, 2025, at 04:00 UTC. This development allows traders to utilize up to 50x leverage when trading the DOOD Perpetual Contract. The DOOD token is integral to the Doodles ecosystem and its decentralized storytelling framework, providing price exposure without the need for traders to hold tokens directly. This listing is a significant milestone for innovative crypto trading products, enabling users to prepare their strategies ahead of the launch. Liquidity providers have already opened deposits early to enhance initial market depth.

The DOOD Perpetual Contract on BitMEX is a linear swap margined in USDT, with each contract size equaling 0.1 DOOD and a minimum trade requirement of 10 DOOD. Both maker and taker fees are set at 0.05% per transaction. Traders can employ high-leverage strategies, which come with significant risk due to potential price swings that can lead to major gains or losses quickly. Understanding the contract mechanics and market context is essential for informed trading. Traders should consider volatility and leverage before entering positions, as this product appeals to high-risk, high-reward traders seeking innovative instruments.

Ask Aime: What opportunities does the DOOD Perpetual Contract on BitMEX offer for traders?

This listing on BitMEX follows the initial trading of the DOOD token on Bitget on May 9, 2025. Early deposits were opened to build liquidity and prepare for live markets. These successive listings underscore the growing interest in utility-driven crypto assets that blend creative aims with advanced trading options. They also reflect increasing community support and developer interest. However, perpetual contract speculation might diverge from DreamNet’s content goals, requiring users to weigh trading excitement against the token’s long-term mission. It is important to note that perpetual contracts come with high price volatility and risk.

The DOOD token is not a typical NFT token; it forms the base of the DreamNet protocol, which runs on Solana and supports user-created content and collaborative storytelling. DreamNet challenges centralized control by major entertainment franchises, empowering contributors to add characters and settings through universe Tokens. This protocol uses tokenization to integrate ideas into a coherent world, balancing creative freedom with economic sustainability. This design underpins the DOOD’s deeper utility beyond mere trading, supporting token economies around shared creative assets.

DreamNet reimagines the creation and maintenance of fictional worlds by shifting control from centralized franchises to distributed, token-driven authorship. Each world uses a unique Universe Token for governance and contributions, with creators tokenizing elements like characters, settings, and story ideas. These tokens integrate into a composable storytelling system, benefiting both AI and human creators. This structured, interoperable framework aims to grow diverse collaborative narratives at scale, supporting token economies around shared creative assets and underpinning the DOOD’s deeper utility beyond mere trading.

The DOOD token serves as the first Universe Token in the Doodles metaverse, tracking creative contributions and governing narrative consistency. Users, developers, and automated agents interact via this token, ensuring a shared fictional canon across the ecosystem. Future AI-readable formats could enhance storytelling platforms, bridging human creativity and automated tools. This token model acts as a gateway to participate in evolving storylines, promoting continuous worldbuilding driven by token incentives. The token’s utility extends into interactive media and collaborative worlds, making it a key component of the Doodles metaverse.

The DOOD Perpetual Contract offers traders an easy way to bet on the token’s value, but the token’s core goal lies in a decentralized storytelling infrastructure. Speculative pressures may misalign market behavior with DreamNet development. BitMEX exposure could drive more liquidity and visibility, but real adoption depends on engaging developers and community members. Success requires narrative consistency alongside healthy market interest. Traders should understand both the financial and creative sides of the token. Balancing trading excitement and ecosystem maturity will shape the long-term outcomes, determining whether the DOOD token reaches its full potential.