Binance announced the launch of the native altcoin EDU of Open Campus, a web3 education protocol, perpetual contract USDⓈ-M EDU.
EDU Altcoin Margin Trading Begins April 30th
The EDU perpetual contract will be available for trading with up to 20x leverage from 30 April 2023 at 15:00.
Users can choose to long or short the EDU/USDT pair without expiration and low fees. The contract will be made in USDT, the most widely used stablecoin in the cryptocurrency market.
The launch of the EDU perpetual contract followed the successful Open Campus token sale on Binance Launchpad, which raised $2.5 million worth of EDU tokens (1 EDU = $0.05 exchange rate) from Binance users participating in the sale in subscription form.
The token, which was recently opened for spot trading, is now up about 25%.
Open Campus is a web3 education protocol that allows communities to create, distribute and promote educational content they deem valuable to the wider community. In addition, the Open Campus protocol is designed to enable educators to monetize their work.
EDU altcoin is the native token of Open Campus, a decentralized education platform that uses web3 technology to tokenize educational content, enabling teachers and creators to monetize their work.
The main goal of the platform is to recognize and reward educators' contributions while providing an alternative global education system for students around the world. The EDU token can be used for administration, payments and on-chain revenue sharing on the Open Campus platform.
*Not investment advice.