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OKX to list pre-market futures for GRASS crypto

Publicat la 14 oct. 20243 min citire

We are pleased to announce that USDT-margined pre-market futures for GRASS will be enabled at 7:30 am UTC on Oct 14, 2024.

The updates will cover both the web and app interfaces as well as the API. The details are as follows:

Pre-market Futures:

OKX Pre-market Futures allows you to trade expiry futures on crypto that have not yet been officially listed. These pre-market futures are USDT-margined and are usually delivered before the new crypto is listed on the spot market. OKX has introduced the pre-market futures trading feature to provide users with a safe and reliable platform for participating in the price discovery of new cryptocurrencies.

Pre-market futures contract:

Features

Grass

Underlying

GRASS/USDT index (index is the last price of the contract)

Settlement crypto

USDT

Face value

1 GRASS

Price quotation

Quote based on the USDT price of 1 GRASS.

Tick size

0.0001

Leverage

0.01 - 2x

Trading hours

24/7 trading

Contract type

Expiry futures

Delivery time

The futures delivery date has not been determined. Pre-market futures are usually delivered after the crypto is listed on the spot market. The specific delivery date will be announced separately.

OKX Pre-market Futures differs from the standard OKX expiry futures in some product mechanisms. Tiered position limits and user-specific position limits are as follows:For details on trading rules such as limit prices and tier levels, please refer to the Introduction to Pre-market Futures.

1. Tiered position limits

Tier

Max open positions (Contracts)

MMR

IMR

Max leverage

1

4,000

15%

50.00%

2

2

8,000

18%

50.00%

2

3

15,000

19%

100.00%

1

4

20,000

20%

100.00%

1

5

30,000

21%

100.00%

1

6

40,000

22%

100.00%

1

7

50,000

23%

100.00%

1

8

60,000

24%

100.00%

1

9

70,000

25%

100.00%

1

10

80,000

26%

100.00%

1

11

90,000

27%

100.00%

1

12

100,000

28%

100.00%

1

2. User-specific position limits

User type

Position limit

USDT-margined futures DMM user

100,000

Non USDT-margined futures DMM user

8,000


Token Description:

Grass is a decentralised data layer built specifically for artificial intelligence, enabling access to verifiable web data through a distributed network of users sharing their internet bandwidth.

Asset name: Grass

Ticker: GRASS

Website: https://www.getgrass.io/

Twitter: https://x.com/getgrass_io

Risk reminders:

  1. The crypto project team has not yet confirmed the crypto issuance plan, and the total supply is uncertain. Changes in issuance volume may cause market price fluctuations. Users should stay informed about market conditions, exercise risk control, and trade cautiously.

  2. Prices in the pre-market futures are determined by market behavior and may not accurately reflect the actual listing price of the new crypto.

  3. The pre-market futures don’t guarantee that the crypto will eventually be listed on the spot trading. Refer to OKX announcements for specific listing details.

OKX may suspend such trading in pre-market conditions at any time and at its sole discretion. Please refer to Terms of Service and Risk & Compliance Disclosure for more details.

OKX team

Oct 14, 2024