User Guide: What Are Perpetual Futures Contracts?

By: WEEX|2025-09-09 20:22:00
0
Share
copy

Have you ever wanted to speculate on cryptocurrency price movements without the complexities of holding the actual assets or managing expiration dates? Perpetual futures contracts offer exactly that — a streamlined form of crypto derivatives trading that eliminates the need for physical ownership and fixed settlement timelines. While these innovative instruments open up new opportunities, they also come with significant risks and are best suited for those with prior trading experience.

Curious to dive deeper into how perpetual futures work? This comprehensive guide will walk you through their mechanics, benefits, and key factors to consider before stepping into this dynamic — yet demanding — arena of crypto trading.

What are Perpetual Futures?

What is a perpetual futures contract? Simply put, perpetual futures are a popular form of cryptocurrency derivatives that enable traders to speculate on the future price of an asset—without ever needing to own it. Similar to traditional expiry futures, they support both long and short positions and offer features like leverage, allowing traders to open larger positions with less initial capital. What sets perpetual futures contracts apart, however, is their unique structure: they have no expiration date.

Unlike expiry futures, which settle on a predetermined date, perpetual contracts can remain open indefinitely—as as long as traders maintain sufficient margin to keep their positions safe from liquidation. This gives traders greater flexibility to hold positions for extended periods and adapt to market conditions without the pressure of a ticking clock.

That said, the absence of an expiry date doesn’t eliminate risk. In fact, it requires even more disciplined risk management, as positions can accumulate funding fees over time and market moves can still lead to liquidation. Whether you're looking to hedge existing holdings or simply speculate on price movements, crypto perpetual futures contracts offer a powerful—but advanced—tool for navigating the crypto markets.

Why are Perpetual Futures So Popular?

If perpetual futures contracts derive their value from an underlying asset, why would traders choose them over simply trading the asset itself? The answer lies in several distinct advantages that perps offer:

  1. Ability to Short In the spot market, traders can typically only profit when prices rise—by buying and holding the asset. Perpetual futures, however, allow you to take short positions, meaning you can profit when the price of the asset decreases. This opens strategic opportunities whether markets are bullish or bearish.
  2. Access to Leverage While a 10% price increase in spot trading yields a 10% gain, perpetual futures enable the use of leverage—often as high as 50x or even 100x on some platforms. This means traders can control a much larger position with less initial capital (known as margin). It’s important to note, however, that while leverage magnifies profits, it also amplifies losses.
  3. Potentially Lower Trading Costs Perpetual futures markets often feature deeper liquidity and tighter bid-ask spreads compared to spot markets—especially for larger orders. Additionally, many exchanges charge lower fees for derivative trades than for spot transactions, making perps a cost-efficient choice for active traders.

These features make perpetual futures contracts an appealing tool for those looking to expand their trading strategies beyond traditional spot markets.

What are the Risks of Perpetual Contracts?

While perpetual futures offer unique advantages, it's essential to fully understand the risks involved. Here are critical risks every trader should keep in mind:

  1. Leverage Can Amplify Losses While leverage has the potential to magnify profits, it equally increases exposure to losses. Even a relatively small price movement—such as a 5%, 10%, or 20% shift—can substantially impact a leveraged position. It’s important to carefully select an appropriate leverage level based on your risk tolerance, and consider lowering it if you prefer a more conservative approach.
  2. Liquidation Risk Liquidation occurs when an exchange automatically closes your position due to insufficient margin. If the market moves against you, unrealized losses accumulate, potentially reducing your margin below the required maintenance level. This can lead to partial or full liquidation. To help avoid this, always ensure your margin account contains sufficient funds to withstand market fluctuations and meet margin requirements.
  3. Volatility Cryptocurrency markets are known for their volatility, and this can lead to rapid price swings. While volatility can create profit opportunities, it also increases the risk of sudden losses. Traders should closely monitor market conditions and consider using risk management tools like stop-loss orders to minimize exposure to sharp price movements.

By understanding and preparing for these risks, you can more effectively navigate the challenges of perpetual futures trading.

Perpetual Contract vs Futures: What’s the Difference?

Many traders wonder about the difference between perpetual contract vs futures. Traditional futures have an expiration date and require settlement either in cash or the underlying asset. Perpetual futures, on the other hand, have no expiry and use a funding rate mechanism to keep the contract price aligned with the spot market. This makes them more flexible for long-term positions and continuous trading.

Products like the Binance Futures perpetual contract, BTC perpetual futures contract, and ETHUSD perpetual futures contract are examples of how exchanges offer these instruments on major cryptocurrencies. There are also niche products like gold perpetual futures contracts for commodity traders. Additionally, some platforms offer perpetual inverse swap futures contracts or perpetual quarterly contracts futures, providing even more flexibility for different trading strategies.

Conclusion

Perpetual futures contracts have rapidly emerged as one of the most popular derivative products among cryptocurrency traders, prized for their flexibility, leverage options, and around-the-clock trading access. Unlike traditional futures contracts, perps eliminate expiry dates and incorporate a funding rate mechanism, allowing positions to remain open indefinitely under certain conditions. These features open up expanded possibilities for speculation, hedging, and strategic diversification.

That said, trading perpetual futures also involves meaningful risks. Leverage can significantly magnify both profits and losses, while ongoing funding payments and sudden market shifts may affect overall returns. Traders who master these mechanics and apply disciplined risk management, however, can effectively incorporate perps into a broader trading approach.

If you're interested in trading perpetual futures with a secure and user-friendly platform, consider joining WEEX Exchange. With competitive fees, deep liquidity, and a range of trading tools, WEEX provides a reliable environment for both new and experienced traders. Open your account today and explore the opportunities of perpetual futures in a trusted setting.

Further Reading

Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

-- Price

--

You may also like

51% Attacks Explained: How Blockchains Get Rewritten

51% Attacks are one of the clearest ways to understand how blockchain security really works. 51% Attacks do not break private keys, but they can break trust in transaction history. When 51% Attacks succeed, an attacker can reverse recent payments, trigger deep chain reorganizations, and exploit exchanges or merchants that assume a transaction is already final.

For anyone researching blockchain risk, this matters because the real danger behind 51% Attacks is not just technical. It is economic. A chain is only as secure as the cost of overpowering its consensus. In this guide, you will learn what 51% attacks are, how they work, what attackers can and cannot do, and why some blockchains are far more exposed than others.

What Are 51% Attacks?

A 51% attack happens when one miner, validator set, or coordinated group controls enough consensus power to influence which version of the blockchain becomes the accepted history. In pow-220">Proof of Work networks, that usually means controlling a majority of hash power. In other consensus systems, the threshold for disruption may differ, but the principle stays the same: one actor gains enough influence to undermine honest participants.

In practice, 51% attacks are usually associated with chain reorganizations. The attacker secretly builds an alternative version of the chain while the public network continues operating normally. If the attacker’s private chain becomes heavier or longer under the protocol’s rules, the network may accept it as canonical. That is where recent transactions can be erased or replaced.

This is why 51% attacks are so dangerous for exchanges, payment processors, and merchants. A transaction may look confirmed, yet still be vulnerable if the network’s finality is weak and the attacker can outpace honest block production.

How 51% Attacks Work in Crypto

The classic attack path is a btc-42">bitcoin-double-spend-a-highly-unlikely-yet-interesting-bug-23391">double-spend.

First, the attacker sends coins to an exchange or merchant. The transaction enters the public chain and receives the required confirmations. Once the platform credits the deposit, the attacker trades the funds for another asset or withdraws value elsewhere.

At the same time, the attacker privately mines or validates a competing chain that excludes the original payment. Because the attacker controls the majority of consensus power, this hidden chain can eventually overtake the public one. Once the attacker has already extracted value, they publish the private chain. Honest nodes then follow the protocol rules and accept the stronger chain, while the original deposit disappears from canonical history.

The result is simple but severe: the exchange or merchant loses value, and the attacker keeps the proceeds.

This also explains why 51% attacks are often described as consensus attacks rather than wallet hacks. The attacker is not stealing your private key. The attacker is rewriting the order of transactions the network agrees to recognize.

What 51% Attacks Can and Cannot Do

A successful attacker can:

Reverse their own recent transactionsDelay or censor new transactionsTrigger deep chain reorganizationsUndermine settlement confidence on weaker chains

A successful attacker usually cannot:

Steal coins from wallets they do not controlForge signatures for another userMint unlimited coins outside protocol rulesFreely rewrite finalized history in networks with strong finality defenses

That distinction is critical. Many newer users hear “51% attacks” and assume attackers can drain any wallet on the network. That is not how this threat works. The real damage comes from broken finality, not broken cryptography.

Why Smaller Chains Face Higher 51% Attack Risk

Not every blockchain faces the same exposure. Large networks with massive, globally distributed mining or staking power are much harder to attack. Smaller networks, especially minority Proof of Work chains, often carry far more risk.

One reason is the rise of hash-rental markets. Attackers do not always need to own mining hardware outright. If enough hash power can be rented for a short period, the cost of launching 51% attacks falls dramatically. That makes smaller chains with lower security budgets much easier to exploit.

Historical cases show this clearly. 

Targeted Network

Attack Period

Exploited Value (Estimated)

Attack Vector and Operational Notes

Bitcoin Gold (BTG)

May 2018

~$18 Million

Double-spend targeting exchanges via massive rented hash power, utilizing wallet GTNjvCGssb2rbLnDV1xxsHmunQdvXnY2Ft.

Ethereum Classic (ETC)

January 2019

~$1.1 Million

Successful double-spend through deep chain reorganization.

Expanse (EXP)

July 2019

Undisclosed

Detected via deep reorg tracking monitoring systems.

Litecoin Cash (LCC)

July 2019

Undisclosed

Chain reorganization detected exceeding 6 blocks deep.

Vertcoin (VTC)

December 2019

Undisclosed

51% attack resulting in deep chain reorganization and network disruption.

Bitcoin Gold (BTG)

Jan/Feb 2020

~$70,000+

Secondary attack exposing the continued vulnerability of the network.

Ethereum Classic (ETC)

August 2020

~$5.6 Million

Coordinated DaggerHashimoto rental via NiceHash; targeting OKEX.

Why 51% Attacks Are Not the Whole Story

The phrase “51% attacks” is useful, but it can oversimplify the real security model.

Research on selfish mining shows that attackers may not always need a full majority to distort network incentives. By withholding blocks and strategically releasing them, a coordinated mining group can waste honest miners’ work and gain an unfair advantage. Under some conditions, this creates centralization pressure long before a full majority is reached.

Modern blockchain security therefore depends on more than just one number. It depends on network propagation, miner or validator distribution, economic incentives, and how finality is enforced.

That is why newer systems increasingly rely on stronger finality mechanisms. In Proof of Stake and BFT-style designs, deep rollbacks can become far more costly because they require slashable behavior, supermajority failure, or direct economic loss. Some networks also use anti-reorg systems and checkpoint-based defenses to reduce the attacker’s payoff window.

The big takeaway is this: 51% attacks reveal whether a network has real security depth or only superficial decentralization.

How to Evaluate a Blockchain’s Defense Against 51% Attacks

If you are evaluating a chain, ask these questions:

How expensive is it to control enough consensus power to disrupt the network?Can that power be rented cheaply from outside markets?Does the chain rely only on probabilistic confirmations, or does it have stronger finality?How concentrated are miners or validators?How do exchanges and infrastructure providers handle reorg risk?

These questions matter more than marketing language. A blockchain may promise speed, low fees, or accessibility, but if its consensus can be cheaply overwhelmed, those benefits come with a real tradeoff.

Conclusion

51% Attacks remain one of the most important concepts in blockchain security because they expose the gap between apparent confirmation and true finality. 51% Attacks do not let someone break your wallet keys, but they can let attackers reverse payments, exploit exchanges, and rewrite recent chain history when consensus becomes too concentrated or too cheap to control.

If you want to assess crypto risk seriously, do not just ask whether a chain is popular. Ask how it handles reorganizations, how expensive majority control really is, and what defenses stand between honest users and successful 51% Attacks. That is where blockchain trust is either earned or exposed.

Learn more about consensus design, finality, and exchange risk before you rely on any blockchain for serious value transfer.

FAQQ1:What are 51% attacks in simple terms?

51% attacks happen when one actor controls enough consensus power to influence which blockchain history the network accepts as valid.

Q2:Can 51% attacks steal funds from my wallet?

Not directly. They usually cannot steal coins from a wallet without the private key, but they can reverse recent transactions and disrupt settlement.

Q3:Which blockchains are most vulnerable to 51% attacks?

Smaller Proof of Work chains are often more exposed, especially when hash power can be rented cheaply from external markets.

Q4:Are Proof of Stake networks immune to 51% attacks?

No. They change the attack model, but they are not automatically immune to censorship, disruption, or finality-related attacks.

Q5:Why do exchanges care so much about 51% attacks?

Because exchanges can lose money if a deposit appears confirmed, gets credited, and is later erased by a chain reorganization.

Crypto AMA Explained (2026 Guide): How Ask Me Anything Works

What Is an AMA in Crypto?

If you have ever searched "what is AMA in crypto," you are not alone. A crypto AMA (Ask Me Anything) is a live Q&A session where project founders, developers, exchange representatives, or influencers answer questions directly from the community in real time. Unlike traditional interviews that often feel scripted and polished, AMAs foster direct and honest dialogue because respondents are expected to answer on the spot, making it significantly harder to mislead the audience. The primary goals of AMAs are transparency, community engagement, marketing reach, and investor relations. For anyone looking to join, run, or evaluate crypto AMAs, understanding the formats, risks, and best practices is essential before participating.

The History and Evolution of Crypto AMAs

The AMA format started on forums like Reddit, where public figures and project teams held typed Q&A sessions. Over time, crypto communities adopted AMAs because the format naturally fits a decentralized, global audience that values direct access to decision-makers. Text-based AMAs remained popular on forums and chat apps due to their permanence and easy archiving.

AMAs evolved quickly from simple text threads to multi-format events. Audio and video formats emerged as platforms added live voice and video features, and influencers alongside exchanges began co-hosting AMAs to amplify reach. Today, AMAs are a standard communication tool for token launches, protocol upgrades, NFT drops, audit reports, and governance discussions.

AMA Formats and Platforms

Live text AMAs take place on platforms like Reddit, Discord, or Telegram. They are easy to archive and search, with straightforward moderation that allows hosts to pin answers and remove spam.

Live audio and video AMAs occur on Twitter Spaces, YouTube Live, or Twitch. They enable a conversational tone and real-time interaction, though moderation is harder and mistakes cannot be edited out. Pre-submitted AMAs collect questions in advance, reducing surprises and legal exposure, making this format ideal for sensitive topics like security breaches.

Panel AMAs feature multiple experts discussing governance, audits, or partnerships, offering deeper insights but requiring complex coordination. Each format has tradeoffs, and hosts should choose based on their goals and the sensitivity of the topics being discussed.

How AMA Works

Most AMAs follow a predictable structure that balances promotion, moderation, and recordkeeping. First, the host announces the date, time, platform, and speakers via official channels. Next, questions are submitted through forms, pinned threads, or live chat, and moderators prioritize high-value questions while removing spam and duplicates. During the live session, speakers respond, balancing prepared scripts for sensitive topics with spontaneous answers for follow-up questions. After the session ends, hosts publish transcripts and recordings for late viewers and to maintain a permanent record. This workflow reduces misinformation risk and improves the event's credibility.

Common topics covered in AMAs include:

Roadmap and milestones, tokenomics, and security auditsPartnerships, listings, governance, and legal complianceAMA-Related Scams: How to Stay Safe

Scammers frequently target AMAs using a variety of tactics. Fake AMA announcements with malicious links lure users to phishing sites. Fraudulent giveaways request private keys or seed phrases to claim prizes. Impersonators create fake moderator or speaker accounts to deceive attendees. To stay safe, always verify AMA details only through official project channels including the website and verified social media accounts. Never share your private keys or seed phrases, and never sign transactions to "claim" giveaways. If you spot impersonation or fraud, report it to moderators and platform support immediately. A cautious approach protects both your funds and your personal information.

The Impact of AMAs on Token Prices

AMAs can influence short-term market behavior, especially when they contain new, material information. Positive news such as a major partnership or exchange listing may increase demand and trading volume, while ambiguous or forward-looking statements can trigger speculative trading. Because AMAs reach many retail participants at once, volatility is common. Projects sometimes report increased on-chain activity and order volumes within 24 hours of a high-profile AMA. Investors should always verify claims through official announcements before making trading decisions based on AMA content.

Final Thoughts: Are Crypto AMAs Worth Your Time?

For investors and community members, crypto AMAs offer a rare opportunity to hear directly from project decision-makers in an unscripted environment. They can provide valuable insights, clarify technical details, and reveal how teams respond under pressure. However, they also carry risks including misinformation, selective answering, and potential market manipulation. The key to benefiting from AMAs is preparation. Research the project beforehand, prepare specific questions, and never treat live answers as financial advice. For hosts, a well-run AMA builds trust and community loyalty. For participants, a cautious approach protects both your capital and your peace of mind.

FAQQ1: What does AMA stand for in crypto?

AMA stands for "Ask Me Anything." It is a live Q&A session where crypto project teams answer community questions directly.

Q2: How do I find legitimate crypto AMAs?

Check official project channels including their website, verified Twitter/X accounts, Telegram, and Discord. Never trust AMA announcements from unofficial sources or direct messages.

Q3: Are crypto AMAs safe to participate in?

Yes, if you follow security best practices. Never share private keys, seed phrases, or sign transactions to claim rewards. Always verify details through official channels.

Q4: Can AMAs affect cryptocurrency prices?

Yes. Material announcements made during AMAs, such as new partnerships or exchange listings, can cause short-term price volatility. Always verify claims through official announcements.

Q5: What is the difference between a text AMA and Twitter Spaces?

Text AMAs are typed Q&A sessions that are easy to archive and search. Twitter Spaces are live audio sessions that allow real-time conversation but are harder to moderate and edit.

With the World Cup hype building, which tokens are worth keeping an eye on?

As an official partner of LaLiga, WEEX believes that the principles of rules, fairness and long-term value emphasised in sporting events align closely with WEEX’s ongoing commitment to trading security, risk management systems and user experience. We are also actively promoting brand communication and interactive activities that incorporate sports culture. This article will provide a detailed analysis of which tokens are worth keeping an eye on against the backdrop of this June’s World Cup.

 

The 2026 World Cup, co-hosted by the United States, Canada and Mexico, will kick off on 11 June and culminate in the final on 19 July, spanning 39 days. With an expanded field of 48 teams, 104 matches and 16 host cities, this tournament is the largest World Cup in history.

Currently, the latest data from prediction market Polymarket shows Spain leading the favourites with a 16% probability of winning, followed closely by France (14%), England (11%), Argentina (9%) and Brazil (9%).

 

On 28 March, as excitement builds ahead of the World Cup, the fan token sector has already seen a collective surge: CHZ rose by 13% in a single day, SANTOS gained 11%, ASR climbed 7%, and GALFT has continued to rise steadily in small increments; the market appears to have begun pricing in expectations for the tournament.

In fact, looking back at major events such as the 2022 Qatar World Cup and the 2024 European Championship, sports and fan tokens led by CHZ all saw remarkable gains. This demonstrates that anticipation of the events themselves serves as a powerful catalyst for speculation in this sector.

Let’s take a look at which tokens are worth keeping a close eye on.

Click here to trade:

CHZ/USDT

GALFT/USDT

BAR/USDT

ARG/USDT

PSG/USDT

SANTOS/USDT

AFC/USDT

OG/USDT

 

Chiliz (CHZ)

Founded in 2018, Chiliz is the undisputed leader in the sports crypto sector. Its fan engagement platform, Socios.com, has amassed over 5 million registered users and partners with top-tier clubs such as FC Barcelona and Paris Saint-Germain.

CHZ serves as the base currency for purchasing all Socios fan tokens, whilst also functioning as the gas fee token for the Chiliz Chain; on-chain transactions trigger the burning of a portion of CHZ, creating deflationary pressure.

2026 marks a pivotal milestone in Chiliz’s Vision 2030 strategy: the company plans to re-enter the US market with an investment of between $50 million and $100 million, and has already obtained EU MiCA regulatory certification, enabling it to reach 450 million EU users in compliance with regulations. The host nation effect in the North American market, combined with the new issuance of tokens for multiple national teams, means that CHZ’s catalytic impact during this World Cup could exceed that of 2022.

However, historically, CHZ has experienced significant pullbacks following every World Cup, so investors should pay particular attention to market rotation.

Galatasaray Fan Token (GALFT)

GALFT is the official fan token of Istanbul’s prestigious football club Galatasaray, issued via the Socios.com platform. It is one of the earliest European top-tier club tokens to be launched within the Socios ecosystem. Holders can participate in club decision-making votes, gain priority access to home match tickets and signed merchandise, whilst also enjoying exclusive opportunities to interact with the club’s legends; voting weight is linked to the number of tokens held.

The Turkish national team has recently performed impressively in the qualifiers and took a crucial step towards the World Cup finals with a 1-0 victory over Romania on 26 March. Several key Galatasaray players have been selected for their respective national teams squads for the 2026 World Cup, or the ongoing critical stages of the qualifiers, which may be a key reason for GALFT’s recent counter-trend rise and speculative fervour.

FC Barcelona Fan Token (BAR)

BAR is one of the first top-tier club tokens issued on the Socios platform, backed by one of the football clubs with the broadest global fan base, which is called FC Barcelona. Token holders can participate in club-related voting, gain access to exclusive content, and qualify for official merchandise. As Barcelona was an early core partner in the Chiliz ecosystem, BAR was once a benchmark asset in the fan token sector.

In this World Cup, Spain tops the prediction markets with a 16% chance of winning, and Barcelona-affiliated players, such as Yamal and Pedri, are expected to feature heavily in the Spanish national team. Should Spain continue to progress in the tournament, the knock-on effect of Spain fever is likely to provide additional support for BAR.

BAR has recently seen a weekly increase of 8%, a slightly slow start, but it has begun to catch up.

Argentine Football Association Fan Token (ARG)

ARG is the official national team token issued by the Argentine Football Association (AFA) on the Socios platform, and is one of the few tokens on this watchlist directly tied to a World Cup-qualifying national team.

Unlike club tokens, the price movements of national team tokens are more directly correlated with the World Cup schedule – every match Argentina progresses to could act as a catalyst for ARG’s price. Holders can participate in official interactions such as voting on kit designs and shirt number selections, and win match tickets and VIP stadium experiences via the Socios app.

It is worth noting that should Messi lead his team deep into the tournament, the level of attention and hype surrounding this national team token is set to rise significantly.

Paris Saint-Germain Fan Token (PSG)

PSG is the official fan token of French Ligue 1 giants Paris Saint-Germain, and alongside BAR, one of the first top-tier club tokens to be launched on the Socios platform.

PSG boasts a vast fan base across Asia, the Middle East and Europe, and its token holders are spread across a wide international audience, which contributes to the token’s relatively high trading activity.

In this World Cup, France ranks third with an 14% chance of winning the title, and several PSG players, including former teammates of Mbappé, which is now at Real Madrid, and current first-team regulars, will be representing the national side.

Historically, whenever the French team has performed impressively in major tournaments, the PSG token has shown a clear correlation with market sentiment.

It is worth noting that the PSG token has risen by 8% over the past week, demonstrating strong momentum and placing it in the upper-middle tier among mainstream fan tokens.

Santos FC Fan Token (SANTOS)

SANTOS is the official fan token of Santos Football Club, the renowned São Paulo-based team, issued by the club itself and distinct from the Socios system.

Holders enjoy exclusive voting rights, autographed memorabilia and specific experience benefits at the Vila Belmiro stadium.

As a representative club of Brazil, SANTOS holds strong emotional appeal amongst South American fans. Given that Brazil is a major favourite to win this World Cup, with a 9% probability of victory on Polymarket, the growing interest in South American themes may bring additional attention to SANTOS.

Arsenal Fan Token (AFC)

AFC is the official fan token issued by Premier League giants Arsenal on the Socios.com platform.

Token holders can participate in customising matchday experiences, exclusive club voting and fan engagement activities, whilst accumulating reward points via the Socios app.

One of the most notable features of the AFC token is its relative decoupling from the club’s on-pitch performance: data shows that during Arsenal’s 10-match winning streak in the league at the end of 2025, the AFC token rose by over 30%, whilst Bitcoin fell by 7.6% over the same period, demonstrating the fan token’s ability to trade independently in specific contexts.

Meanwhile, the England national team has a 11% probability of winning the World Cup on Polymarket, making them one of the favourites for the tournament, with several Arsenal players selected for the Three Lions squad. Should England’s campaign progress well, the AFC token is likely to receive an additional boost in sentiment during the World Cup cycle.

OG Fan Token (OG)

The background of the OG Fan Token is entirely different from other football-related tokens. It originates from the esports sector. Founded in 2015 and specialising in Dota 2, OG is the only team in history to have won The International (TI) twice in 2018 and 2019, with total prize winnings exceeding $26.6 million.

In March 2020, OG became the first esports club to launch on the Socios.com platform, pioneering the introduction of fan tokens to the esports sector.

Whilst its price drivers have relatively low correlation with football events, OG’s esports team is set to participate in major tournaments this year, including the IEM Cologne Major 2026, the 2026 Esports World Cup, the Honor of Kings World Cup 2026 and The International 2026 (TI 15), which may drive price volatility.

 

In summary, as the world’s largest sporting IP this year, the 2026 World Cup typically provides a significant catalyst for CHZ and fan tokens during its pre-event build-up phase. However, historical experience suggests that price speculation peaks tend to occur around the time of the event’s opening, rather than during or after the event itself; investors should therefore remain vigilant for signals indicating the end of the speculative rally.

 

More:

Champions League Fan Token 0% Fee Campaign https://www.weex.com/events/promo/ucl-rewards

What is ATL (all-time low) in Crypto? How to Use ATL in Crypto Trading? Complete Guide 2026

In crypto trading, few numbers grab attention like an all-time low (ATL). It is the lowest price a cryptocurrency has ever reached since it started trading. Think of it as the opposite of an all-time high (ATH). While ATHs make headlines during bull runs, ATLs often appear during fear, panic, or market crashes.

But an ATL is not just a scary number. For smart traders, it can be a signal of opportunity or a warning of further downside. This guide explains what ATL means, why it matters, how to use it in your trading strategy, and real examples of coins that bounced back — or never did.

What Is ATL (All-Time Low) in Crypto?

An all-time low (ATL) is the lowest price a cryptocurrency has ever traded at since its public launch. Every coin has one. For Bitcoin, its ATL is basically zero when it first traded. For newer tokens, the ATL might be just days old.

ATL is a purely historical metric. It tells you where a coin has been, not where it is going. However, when a crypto approaches its ATL, traders pay close attention because it often triggers one of two reactions:

Buyers step in – They see a potential bargain if the project is fundamentally sound.Sellers keep pushing – The coin may break its ATL and set a new low.

Understanding this dynamic helps you make better entry and exit decisions.

Why Is ATL Important for Crypto Traders?

ATL matters because it reflects the lowest level of investor confidence and price discovery. Here are three main reasons traders track ATL:

Spotting Potential Buying Opportunities

Value investors look for coins trading near their ATL but with strong fundamentals. If a project has a working product, active development, and community support, an ATL might be a great entry point.

For example, Cardano (ADA) hit an ATL of $0.01735 in March 2020. Those who bought near that level saw gains of over 17,700% when ADA later reached its ATH of $3.09.

Measuring Bear Market Bottoms

ATLs often occur during the final stages of a bear market, when fear is at its peak. Once sellers exhaust themselves, buyers may step in, forming a bottom. Recognizing this pattern can help you avoid panic selling.

Setting Risk Management Levels

Traders use ATL as a reference for stop-loss orders. If you buy near an ATL, placing a stop-loss slightly below it limits your downside if the coin breaks lower.

ATL vs. ATH: What’s the Difference?

td {white-space:nowrap;border:0.5pt solid #dee0e3;font-size:10pt;font-style:normal;font-weight:normal;vertical-align:middle;word-break:normal;word-wrap:normal;}

MetricMeaningMarket SentimentATL (All-Time Low)Lowest price everFear, panic, or undervaluationATH (All-Time High)Highest price everGreed, hype, overvaluation

Both are historical extremes. ATHs attract FOMO (fear of missing out), while ATLs attract bargain hunters. But an ATL does not guarantee a bounce. Some coins stay low forever, especially if the project dies.

Read More: What is All-Time High (ATH) in Cryptocurrency?

How Market Events Create New ATLs

New all-time lows don’t happen in a vacuum. They are usually caused by one or more of the following:

Market crashes: The 2018 ICO collapse pushed many coins to ATLs.Regulatory crackdowns: Lawsuits or bans can cause panic selling.Security breaches or scams: The FTX collapse in 2022 sent its token to near-zero.

When multiple factors combine, even strong projects can hit new lows. Tracking these events helps you decide whether an ATL is a temporary dip or a permanent decline.

Two Real-World Examples: Success and FailureSuccess: Sui (SUI)

After launching in 2023, Sui faced criticism over its tokenomics and VC backing, causing heavy selling. It hit an ATL of $0.3648. But the Sui Foundation continued building – community grants, protocol upgrades, and developer incentives. Eventually, SUI rebounded, giving ATL buyers up to 1,300% returns.

Failure: Terra (LUNA) and UST

In May 2022, Terra’s algorithmic stablecoin UST lost its peg, triggering a death spiral. LUNA’s price collapsed from over $80 to near zero. Even after rebranding to Terra 2.0, the project never recovered. Buying the ATL here would have meant total loss.

Lesson: Not every ATL is a buying opportunity. Always ask why the coin hit that low.

How to Use ATL in Your Trading (Practical Tips)Combine ATL with Other Indicators

Never rely on ATL alone. Look at trading volume, on-chain activity, project updates, and market trend. A sudden volume spike near ATL can signal accumulation.

Use Stop-Loss Orders

If you decide to buy near ATL, place a stop-loss 2–5% below it. This protects you if the coin breaks down to a new ATL.

Position Sizing

Trading near all-time lows is high-risk. Allocate only a small portion of your portfolio to such trades. If the coin rebounds, you still profit. If it falls further, your loss is limited.

Watch for Multiple Touches

If a coin repeatedly bounces off its ATL, that level becomes stronger support. If it breaks through easily, stay away.

Common Mistakes When Trading ATLAssuming ATL is the final bottom – It might not be. New ATLs can form.Buying without research – A coin might be at ATL because the project is dead.No stop-loss – You could lose everything if the coin keeps falling.FOMO after a small bounce – Wait for confirmation, not just a green candle.Conclusion

ATL (all-time low) is a powerful concept in crypto. It tells you where a coin has bottomed before and helps you gauge fear in the market. Used correctly, it can lead to profitable entries during bear markets. Used blindly, it can wipe out your capital.

Always combine ATL analysis with fundamentals, volume, and risk management. And remember: a coin that hits a new ATL is not automatically a bargain — it might just be broken.

Ready to trade? WEEX offers zero fees, instant execution, and the security you need. Sign up on WEEX Now and Start Trading!

FAQQ1: What does ATL stand for in crypto?

ATL stands for “all-time low” – the lowest price a cryptocurrency has ever reached.

Q2: Is buying at ATL a good strategy?

It can be, but only if the project has strong fundamentals and the market drop is temporary. Always use a stop-loss.

Q3: How is ATL different from ATH?

ATH is the highest price ever; ATL is the lowest. They define a coin’s historical trading range.

Q4: Can a coin have multiple ATLs?

Yes. Each time it falls below its previous all-time low, that new price becomes the new ATL.

Q5: What’s an example of a successful ATL bounce?

Cardano (ADA) in March 2020 and Sui (SUI) in 2023 both rebounded strongly from their ATLs.

Crypto Arbitrage Explained: How It Works, Real Profits, and Key Risks to Avoid

Crypto arbitrage is a trading strategy that exploits price discrepancies of the same digital asset across different markets or exchanges. By buying a cryptocurrency on one platform at a lower price and selling it on another where the price is higher, traders aim to capture the "spread" as profit. Because these trades occur simultaneously or in very quick succession, arbitrage is often viewed as a lower-risk alternative to traditional "buy and hold" speculation.

Key TakeawaysMarket Inefficiency: Arbitrage thrives on price differences caused by varying liquidity and demand across global exchanges.Market Neutrality: Profits are derived from price gaps, not the overall upward or downward trend of the market.Execution Speed: Most opportunities exist for only seconds, making automation and high-speed internet mandatory.Risk Factors: Success is not guaranteed; execution lag, high transaction fees, and exchange security are critical risks.Institutional Presence: You are competing against sophisticated AI bots and high-frequency trading (HFT) firms.Why Do Crypto Arbitrage Opportunities Exist?

Cryptocurrency markets are decentralized and fragmented. Unlike a unified stock exchange, a "Bitcoin price" is actually the aggregate of hundreds of independent order books. When a large buyer enters Exchange A, the price there moves up instantly, while Exchange B might take several seconds or minutes to reflect that change. Arbitrageurs act as the "connectors" that resolve these inefficiencies, bringing prices back into alignment across the ecosystem.

Common Types of Crypto Arbitrage1. Cross-Exchange Arbitrage

The simplest form: buying BTC on Platform A for $90,000 and selling it on Platform B for $90,200.

2. Triangular Arbitrage

Executed within a single exchange using three different trading pairs. For example: converting USDT → BTC → ETH → USDT. If the internal exchange rates are slightly misaligned, the final USDT balance will be higher than the starting amount.

3. Spot-Futures (Funding Rate) Arbitrage

Traders exploit the difference between the "Spot" price and the "Futures" price. A common tactic is holding a long spot position while shorting a perpetual contract to collect "funding fees" paid by other traders.

4. DeFi & Flash Loan Arbitrage

In the Decentralized Finance (DeFi) world, traders use "Flash Loans" to borrow massive capital without collateral, execute a series of arbitrage trades across decentralized exchanges (DEXs), and repay the loan—all within a single blockchain transaction.

How to Reduce Risks in Crypto Arbitrage

To avoid losses and protect your capital, follow these essential risk mitigation strategies:

Choose Reputable Exchanges: Limit your exposure to "Tier 1" exchanges with high liquidity and proven security records to avoid "platform risk."Account for All Fees: A 1% price gap can be completely erased by a 0.1% trading fee, a 0.5% withdrawal fee, and network gas costs. Always calculate the net profit.Minimize Transfer Times: Price gaps close fast. Use internal transfer networks or high-speed blockchains (like Solana or Arbitrum) to move assets between platforms quickly.Utilize Automation: Manual trading is rarely competitive. Use reputable arbitrage bots to monitor spreads 24/7 and execute trades at millisecond speeds.Monitor Slippage: In low-liquidity markets, a large sell order can push the price down while you are selling. Always check the "order book depth" before committing capital.The Pros and Cons of Crypto ArbitrageAdvantages (Pros)Disadvantages (Cons)Lower Volatility Risk: Does not rely on long-term price appreciation.Execution Lag: The price may drop on the second exchange before you can sell.24/7 Opportunity: Crypto markets never close, providing constant windows.Hidden Costs: Transfer and withdrawal fees can be prohibitively expensive.Diversification: Provides a different revenue stream than standard investing.Technical Barrier: High-level success requires coding skills or expensive software.Real-World Crypto Arbitrage ExamplesThe Luna/UST De-peg (2022)

During the collapse of Terra (LUNA), the stablecoin UST lost its $1 peg. Arbitrageurs who moved fast between decentralized pools and centralized exchanges like Binance earned millions of dollars in a single day by exploiting the extreme price volatility and de-pegging mechanics.

Cross-Chain Bridge Gaps (2025)

In early 2025, a delay in an Ethereum-to-Arbitrum bridge caused a 3% price difference for USDT. Professional quantitative teams used alternative "fast-exit" bridges to move liquidity, netting roughly $400,000 in profit within 24 hours.

FAQ about Crypto Arbitrage1. Is crypto arbitrage still profitable for individuals?

It is increasingly difficult for manual retail traders. Most individual success now comes from finding niche DeFi pools or using automated SaaS arbitrage platforms.

2. Is it legal?

Yes. Arbitrage is a fundamental pillar of all financial markets, including stocks, forex, and commodities. It is considered a necessary service for market efficiency.

3. What is the biggest danger?

"Exchange Risk." If you keep large amounts of capital on a small, unregulated exchange to catch a price gap, you risk losing everything if that exchange goes offline or is hacked.

Final Thoughts: Is Crypto Arbitrage Worth It?

Crypto arbitrage offers a unique path to profitability by focusing on market inefficiencies rather than price prediction. However, it is a technology-driven race. To succeed and avoid risks, traders must be meticulous about calculating fees, prioritize execution speed, and use only the most secure platforms. For most beginners, understanding arbitrage is an excellent way to learn how global markets function, even if they choose not to compete with the high-speed bots.

Autonomous NFTs Explained: How aNFTs Work, Use Cases, and Hidden Risks

An Autonomous NFT (aNFT) is an advanced form of Non-Fungible Token that integrates executable code within its smart contract to achieve self-governance and dynamic interaction. Unlike traditional NFTs, which are essentially static digital receipts of ownership, an aNFT can change its properties, trigger events, and interact with other decentralized applications (dApps) without constant manual intervention from its owner.

Think of a traditional NFT as a digital "photograph"—it stays exactly as it was the moment it was taken. In contrast, an aNFT is more like a digital "organism" or a "smart program." It can "sense" its environment through data feeds and evolve accordingly. For example, a virtual pet aNFT might grow larger as it is "fed" on-chain or change its mood based on the real-world price of Ethereum.

KEY TAKEAWAYSSelf-Execution: aNFTs contain embedded logic that allows them to perform actions based on pre-set rules or external data.Dynamic Evolution: Their appearance, metadata, or utility can change over time in response to user interaction or market conditions.Enhanced Utility: They transition NFTs from "passive collectibles" to "active participants" in gaming, finance, and social ecosystems.Oracle Integration: They often rely on "oracles" to securely bring real-world data onto the blockchain to trigger changes.How Autonomous NFTs Work

The core of an aNFT lies in its smart contract. While a standard ERC-721 token (the most common NFT standard) simply points to a static image or file, an aNFT’s contract includes logic that can modify the token's metadata.

This process generally involves three components:

On-Chain Logic: Code within the smart contract defines "if-then" scenarios (e.g., if the user wins a game, then increase the NFT's "strength" attribute).External Data (Oracles): To react to the outside world—like weather, sports scores, or stock prices—aNFTs use oracles (such as Chainlink) to feed verified data into the blockchain.Decentralized Computation: Sometimes complex calculations are done off-chain and then verified on-chain to ensure the NFT remains "autonomous" without skyrocketing gas fees.Common Types of aNFTs (Autonomous NFT)Gaming & Interactive Characters

In the gaming world, aNFTs represent characters that level up, gain scars from battles, or learn new skills. These changes are recorded directly in the NFT's metadata, making the asset's history and growth a permanent part of its value.

Dynamic Art

Generative artists use aNFT technology to create "living" masterpieces. An aNFT artwork might display bright colors during the day and dim at night, or it might change its visual style based on the current volume of transactions on the blockchain.

Financial (DeFi) Instruments

In Decentralized Finance, an aNFT could represent a debt position or a yield-bearing asset. The "image" or "metadata" of the NFT might change to show the current interest earned or the health factor of a loan, acting as a dynamic financial dashboard.

Social & Identity Tokens

aNFTs can serve as "reputation" badges. As a user contributes more to a community or DAO (Decentralized Autonomous Organization), their aNFT profile picture might evolve to reflect their rising status or voting power.

aNFT vs. Traditional NFT: A ComparisonFeatureTraditional NFTAutonomous NFT (aNFT)StateStatic (Fixed metadata)Dynamic (State changes over time)InteractionPassive (Needs owner to move it)Active (Can trigger its own logic)UtilityPrimarily Proof of OwnershipFunctional Utility + OwnershipComplexityLow (Simple Smart Contract)High (Embedded Logic + Data Feeds)Value DriverScarcity & AestheticScarcity, History, & FunctionalityPros and Cons of aNFTs (Autonomous NFT)Advantages of Autonomous NFTsHigher Engagement: Users interact more with assets that respond to their actions.Proven History: The evolution of an aNFT creates a unique "story" for that specific asset, potentially increasing its collectible value.Automation: Reduces the need for manual updates by developers or owners.Programmable Scarcity: Features can be programmed to become rarer or unlock only under specific, difficult conditions.Risks and Limitations of aNFTsSecurity Risks: More complex code means more potential vulnerabilities or "bugs" for hackers to exploit.Higher Costs: Executing logic on the blockchain (gas fees) is generally more expensive than simply holding a static asset.Oracle Dependency: If the data feed (oracle) providing external information fails or is manipulated, the aNFT may behave incorrectly.Technical Complexity: It is much harder for average creators to build aNFTs compared to standard digital art.Autonomous NFT Future Trends

As Artificial Intelligence (AI) continues to merge with Web3, we expect to see "AI-aNFTs." These would be assets capable of learning from user behavior and adapting their personalities or functions using on-chain machine learning models. Additionally, as cross-chain technology matures, aNFTs may soon be able to "travel" between different blockchains autonomously to seek better liquidity or cheaper transaction environments.

FAQWhat is the difference between a Dynamic NFT (dNFT) and an Autonomous NFT (aNFT)?

While the terms are often used interchangeably, "Dynamic" usually refers to an NFT that can change, while "Autonomous" emphasizes that the NFT has the inner logic to change itself based on rules, often without needing a central server or human to push the "update" button.

How do I know the "autonomy" isn't being faked?

True aNFTs have their logic written into a public smart contract. You can verify the code on blockchain explorers (like Etherscan) to see exactly what triggers a change and ensure no "backdoor" exists for a developer to manually manipulate the asset.

Can an aNFT "die"?

Technically, yes. If the developer programs the smart contract such that an asset reaches a "terminal state" (e.g., a digital plant that isn't watered for a month), the metadata could be updated to show a "dead" status, potentially losing its utility or value.

Final Thoughts: Are Autonomous NFTs the Future of Web3?

Autonomous NFTs represent a shift from digital "items" to digital "entities." By embedding logic and external data into the asset itself, aNFTs unlock new possibilities in gaming, art, and finance that were previously impossible with static tokens. However, investors should remain cautious: the increased technical complexity brings higher smart contract risks. As with any emerging technology, it is essential to research the underlying project and understand the "rules" governing the NFT's autonomy before committing capital.

Join WEEX and Claim 30,000 USDT Bonus for New Users
Sign Up Now

Popular coins