Futures
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TradFi
Gold
One platform for global traditional assets
Options
Hot
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Demo Trading
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Launch
CandyDrop
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Launchpool
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Launchpad
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Alpha Points
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Futures Points
Earn futures points and claim airdrop rewards
Few people remember, but exactly six years ago, oil cost 0 per barrel.
The WTI crude oil futures contract actually went negative and traded at -$37.63 per barrel. This was the first and so far only case of negative oil prices in history.
Oil became free, and even worse: sellers (including American shale producers) literally paid buyers to take barrels, otherwise they would have had to pay penalties for non-delivery on futures. There was simply nowhere to put the physical oil in Cushing (the main storage facility): everything was packed to the brim.
This happened under Trump. Geopolitics + pandemic + price war.
Today, exactly six years later, the same Trump is sending oil to the hundredth.
$TRUMP
{spot}(TRUMPUSDT)
$BNB
{spot}(BNBUSDT)
$XRP
{spot}(XRPUSDT)