OKX to list perpetual futures for MOODENG, NEIRO crypto
We are pleased to announce that USDT-margined perpetual futures for MOODENG and NEIRO will be enabled between 7:00 am to 7:15 am UTC on October 3, 2024.
The updates will cover both the web and app interfaces as well as the API. The details are as follows:
I. Listing schedule
MOODENG/USDT perpetual futures trading will open at 7:00 am UTC on October 3, 2024.
NEIRO/USDT perpetual futures trading will open at 7:15 am UTC on October 3, 2024.
II. Perpetual futures trading
MOODENG/USDT perpetual futures:
MOODENG is a fan Meme coin based on the popular baby hippo Moo Deng from a zoo in Thailand.
Official website：https://www.moodengsol.com/
X: @MooDengSOL
Contract address：ED5nyyWEzpPPiWimP8vYm7sD7TD3LAt3Q3gRTWHzPJBY
Features | Details |
Underlying | MOODENG/USDT index |
Settlement crypto | USDT |
Face value | 10 |
Price quotation | 1 MOODENG value calculated in USDT equivalent |
Tick size | 0.00001 |
Leverage | 0.01-20x |
Funding fee | Clamp(MA([(Best bid + Best offer) / 2 – Spot index price] / Spot index price – Interest), -1.5%, 1.5%), Interest = 0 Note: Funding fees are received and deducted based on the current period. |
Trading hours | 24/7 |
NEIRO/USDT perpetual futures:
Neiro is a Shiba Inu dog newly-adopted by the same woman who owned the worldwide famous Kabosu, the doge behind the Doge meme. This project pays homage to Neiro.
Official website：https://www.neiroeth.io/
X: @neiroethcto
Contract address：0x812ba41e071c7b7fa4ebcfb62df5f45f6fa853ee
Features | Details |
Underlying | NEIRO/USDT index |
Settlement crypto | USDT |
Face value | 1000 |
Price quotation | 1 NEIRO value calculated in USDT equivalent |
Tick size | 0.00000001 |
Leverage | 0.01-50x |
Funding fee | Clamp(MA([(Best bid + Best offer) / 2 – Spot index price] / Spot index price – Interest), -1.5%, 1.5%), Interest = 0 Note: Funding fees are received and deducted based on the current period. |
Trading hours | 24/7 |
III. Index weights and constituents
MOODENG/USDT perpetual futures:
Index constituents | Weightage |
Gate | 33.33% |
MEXC | 33.33% |
Kucoin | 33.33% |
NEIRO/USDT perpetual futures:
Index constituents | Weightage |
Binance | 50% |
Gate | 25% |
Kucoin | 25% |
Note: Premiums for newly-launched contracts are volatile. To avoid unreasonable charges, the upper limit of the funding fee before 4:00 pm UTC on October 3, 2024 is 0.03%. After 4:00 pm UTC on October 3, 2024, the upper limit of the predicted funding fee will be adjusted back to 1.50%. (The funding fee for this period will be charged at 8:00 pm UTC on October 3, 2024.)
The price limit rules of MOODENG, NEIRO USDT-margined perpetual futures trading are the same as those of other currencies. Please refer to our perpetual futures trading guides for further details.USDT-margined perpetual futures trading: OKX Perpetual Futures Trading User Agreement
OKX team
October 3, 2024