This is incorrect and misleading and has no relation to perpetual futures crypto contracts

*Futures Trading: Understanding the Basics*

Futures contracts are agreements to buy or sell a specified underlying asset at a future date. The underlying asset can be a commodity, security, or other financial instrument.
Trading futures requires the buyer to purchase the underlying asset and the seller to sell it at the specified price, regardless of the market price, at expiration.

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{future}(PIPPINUSDT)