Grassroots Culture Perpetual Contract Launches on Gate, Supporting 20x Leverage for MEME Coin Trading

According to the latest news, the grassroots culture(USDT) perpetual contract has officially launched on Gate, supporting 1-20x leverage for long and short positions. Users can choose their leverage multiplier when placing orders, and the contract is settled in USDT. Also launched simultaneously is the Gate Perp DEX, allowing users to trade on the on-chain DEX platform. This marks the transition of this community MEME coin from spot trading into the derivatives era.

From Community Consensus to Derivatives Market

Rapid evolution of project background

Grassroots culture originated from a tweet by Nina Rong, BNB Chain Growth Executive Director, on January 11. She expressed hope that BSC would have “genuine grassroots culture from the community” and not participate in any token sales. This tweet immediately sparked enthusiasm within the community, leading to rapid project development. According to relevant information, the project gained significant attention just 4 hours after launch, with its market cap quickly rising from approximately $35,000 to the $6 million range.

Meanwhile, BitMart also listed the Grassroots Culture/USDT trading pair on January 12. Based on community discussions, the consensus foundation of this project comes from several aspects: simple and understandable narrative, strong cultural identity, and the purity of community participation.

Market significance of the perpetual contract launch

The introduction of perpetual contracts provides a new trading dimension for Grassroots Culture:

• Spot trading: basic liquidity and price discovery
• Derivatives trading: high leverage operations and hedging tools
• DEX solutions: on-chain decentralized options

This dual-track layout of CEX and DEX reflects Gate’s emphasis on this emerging MEME coin. For traders, the 1-20x leverage range offers flexible risk management options.

The dual nature of opportunities and risks

Expansion of trading opportunities

MEME coins entering the derivatives market means:

• Volatile tokens now have professional trading tools
• Small funds can participate in larger positions through leverage
• Short-selling mechanisms diversify market participants

This benefits liquidity and price discovery.

Risks to watch out for

High leverage trading inherently carries risks, especially for highly volatile assets like MEME coins:

• 20x leverage means a 5% price movement can trigger liquidation
• MEME coin price discovery mechanisms are less mature than mainstream coins
• Community consensus can change rapidly, posing liquidity risks

Summary

The launch of the Grassroots Culture perpetual contract marks further professionalization of the MEME coin market. This project, born from community tweets and listed on multiple exchanges within 24 hours, is expanding from spot to derivatives and from CEX to DEX ecosystems. The derivatives market offers participants new trading opportunities, but the risks associated with high leverage must be approached with caution. For the MEME coin ecosystem, the maturity of the derivatives market is increasing, but the foundation still relies on community consensus and the development of real use cases.