OKX to list X (X empire) for spot trading and deliver pre-market futures for X crypto
Listing Timeline
OKX is pleased to announce the listing of X (X empire) on our spot trading market. Please take note of the following schedule:
X deposits will open at 12:00 pm UTC on Oct 15, 2024.
X call auction will take place from 11:00 am to 12:00 pm UTC on Oct 24, 2024.
X/USDT spot trading will open at 12:00 pm UTC on Oct 24, 2024.
X withdrawals will open at 10:00 am UTC on Oct 25, 2024.
Join our X Empire Bonus campaign now to share 1.65B $X Rewards:
About Call Auctions
Call auction mechanism will be used for spot listing of X/USDT. The call auction period will last for 1 hour.
OKX operates a call auction mechanism that allows you to submit buy and sell orders at your desired prices according to certain trading parameters before a new trading pair officially begins trading. The trading system processes all submissions according to call auction rules and calculates an indicative opening price based on these submissions.
In order to provide more trading information, following the end of the call auction, OKX will display the project team's opening price at the commencement of continuous trading as the initial price of the trading chart. The project team's opening price is provided by the token project team usually based on the valuation of the project. This project team's opening price is displayed for information purpose only, and is not determined by the call auction mechanism, and will not impact the prices where you will execute the orders.
Project Introduction
X empire is a Tap-to-earn game on Telegram. The game allows players to upgrade their characters and earn in-game tokens that can soon be converted into $X tokens. The innovative combination of AI, blockchain, and user-generated content sets X empire apart, offering a seamless entry into the web-3 world for a large number of users.
Asset name: X empire
Ticker: X
Check X empire Price: https://www.okx.com/price/x-empire-x
Delivery of pre-market futures for X crypto
1. Delivery time
Pre-market contracts will be delivered 3 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 XUSDT 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.
3. Settlement fees
The settlement fee is 1%, subject to adjustment as announced.
4. 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 X/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 and educational 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 Terms of Service and Risk & Compliance Disclosure for more information.
For any inquiries, please feel free to contact us via the support center or connect with us on any platform of your choice.
OKX team
Oct 12, 2024