OKX delays the listing of ME (Magic Eden) for spot trading
Please be informed of an adjustment to the listed times below. Check here for details.
OKX delays the listing of ME (Magic Eden) for spot trading. Please take note of the following schedule:
Listing Timeline
ME call auction will take place from 1:30 pm to 2:30 pm UTC on Dec 10, 2024.
ME/USDT spot trading will open at 2:30 pm UTC on Dec 10, 2024.
ME withdrawals will open at 3:00 am UTC on Dec 11, 2024.
Rules for spot trading opening
In order to protect traders from price volatility at the opening of spot trading, OKX will impose the following restrictions on orders during the first 5 minutes of trading:
No market orders allowed.
Each limit order must not exceed 10,000 USD in value.
These restrictions will be lifted after the first 5 minutes of trading.
Project Introduction
$ME is committed to supporting the MagicEden-led cross-chain ecosystem super dapp strategy, mainly focusing on acquiring more users from different public blockchain or other infrastructure, and allowing users to realize one-stop seamless trading of multi-chain assets.
Asset name: Magic Eden
Ticker: ME
Total supply: 1,000,000,000
Check Magic Eden Price: https://www.okx.com/price/magic-eden-me
Delivery of pre-market futures for ME crypto
1. Delivery time
Pre-market contracts will be delivered 2.5 hours after the crypto is listed on the spot market, and the delivery price will be calculated 2 - 3 hours after the listing. If the listing time changes, then the contract delivery time changes accordingly. Stay informed of any changes via our announcements.
2. Delivery price
Index price: OKX will include prices from more than 3 mainstream exchanges as part of the index components.
Delivery price: OKX will deliver futures contract positions at the arithmetic average price of the corresponding OKX index price timed at 1 hour prior to the delivery. If the traded price displays abnormalities in the hour preceding the delivery, OKX may adjust the final delivery price to a reasonable level for delivery.
Within the first 30 minutes after the delivery, if you hold positions greater than 10,000 USD in value in MEUSDT futures contracts at the time of delivery, you will be restricted from transferring assets out of your trading account.
Asset transfers will return to normal after 30 minutes. Order history and billing records will still be available after the delivery. If you need to backup your data, you may download it via Order center on OKX web.
Considering that the market may fluctuate sharply before delivery, please manage your risk level by reducing the actual leverage or closing positions in advance. In case of an overloss upon delivery, your losses will be reimbursed with the insurance fund. If the insurance fund is not enough, the system will automatically reduce positions of users with high profit rates.
Settlement fees
The settlement fee is 1%, subject to adjustment as announced.
Price limits
After pre-market contract generation:
Highest price of buy order = Average mid price of the past hour × (1 + 15%)
Lowest price of sell order = Average mid price of the past hour × (1 – 15%)
Within 60 minutes before delivery:
Highest price of buy order = Index Price × (1 + 5%)
Lowest price of sell order = Index Price × (1 – 5%)
Mid price = (Best bid price + Best ask price) / 2. Price limits are calculated every minute.
Get ready for your trading
Top up your USDT balance to get ready for ME/USDT spot trading:
Risk warning: The foregoing overview and information, some of which may be provided by third parties and not OKX, are for informational purposes only. OKX does not guarantee the accuracy or completeness of any information contained herein and such information does not constitute any representation, warranty or any financial, investment or other form of advice by OKX. Such information may not be suitable for all persons; it should not be relied upon in connection with a particular investor's trading; and, is not intended to be, nor should be construed as, an offer, recommendation or solicitation. Such information is also not intended for persons who reside in jurisdictions where providing such information would violate the laws or regulations of such jurisdiction. Digital assets are highly speculative and subject to high volatility, may become illiquid at any time, and that investors may lose the entire value of their investment. Before trading any digital asset, you should do your own research and evaluate your risk appetite. OKX is not responsible for any losses which you may incur from trading digital assets. Please refer to OKX Terms of Service and Risk & Compliance Disclosure for more information.
For any inquiries, please feel free to contact us via OKX Support Center or connect with us on any platform of your choice.
OKX Team
Dec 10, 2024