FORTH surged by as much as 15% following the announcement that Binance Futures will introduce a USDT-margined perpetual contract for the Ampleforth token.
In a recent update, it was disclosed that the USDT-based perpetual contract will be available for trading on the platform starting April 8 at 08:30 AM UTC.
Immediately after the announcement, FORTH climbed up to 15%. Its price approached its monthly high of $2.60, hitting $2.58 just moments after the news broke about the FORTHUSDT perpetual contract launch. This came on the heels of a recent all-time low when the token fell to $1.89 on April 6, 2025.
At the time of writing, the Ampleforth Governance token has risen by 12.4%, currently trading at $2.53. Over the past week, the token has seen a modest increase of 3%. However, it has experienced a decline over the last month, dropping more than 11%.
According to the update, the perpetual contract will come with a leverage of up to 20x and will support multi-asset mode.
The multi-asset mode allows users to trade the perpetual contract using various margin assets beyond the specified one. However, fees may vary depending on the selected margin asset. This means that users can engage in trading the FORTHUSDT perpetual contract while utilizing BTC or other tokens available on the platform for margin.
Upon its launch, the maximum financing rate for FORTHUSDT will be limited to +2.00% and -2.00%, with funding fees calculated every four hours.
FORTH serves as the governance token within the Ampleforth ecosystem, which operates as a rebasing crypto protocol. Established in 2022, holders of FORTH can propose amendments to the Ampleforth protocol or appoint representatives to cast votes on their behalf.