Introduction
OKX is excited to announce the launch of MEMEFI/USDT pre-launch trading (USDT-margined futures contract) effective October 25, 2024, at 3:00 PM UTC+8. This feature will be available across web, mobile app, and API platforms.
What Is MEMEFI?
$MEMEFI is a community-driven token powering both the MemeFi Web3 ecosystem and MemeFi Telegram advertising network. Key utilities include:
- Reward distributions
- Role development in platform ecosystems
- In-game microtransaction currency
- Discounted ad network services
Token Details:
- Full Name: Memefi
- Ticker: MEMEFI
- Type: Utility token
👉 Discover how to trade MEMEFI futures
Understanding Pre-Launch Trading
OKX's pre-launch trading enables users to engage with futures contracts for cryptocurrencies before their official spot market listing. This USDT-settled futures product facilitates early price discovery in a secure environment.
Contract Specifications
| Feature | Detail |
|---|---|
| Underlying | MEMEFI/USDT Index |
| Settlement | USDT |
| Contract Size | 100 MEMEFI |
| Price Quote | USD value per 1 MEMEFI |
| Minimum Price Movement | 0.000001 |
| Leverage | 0.01-2x |
| Trading Hours | 24/7 |
| Settlement Type | Deliverable |
| Settlement Date | To be announced (aligned with spot listing) |
Unique Market Mechanisms
- Position Tiers:
| Tier | Max Position (contracts) | Maintenance Margin | Initial Margin | Max Leverage |
|---|---|---|---|---|
| 1 | 1,000 | 5% | 20% | 5x |
| 2 | 8,000 | 15% | 25% | 4x |
| ... | ... | ... | ... | ... |
| 12 | 100,000 | 28% | 33.33% | 3x |
- User Position Limits:
| User Type | Max Contracts |
|---|---|
| Designated Market Makers | 100,000 |
| Regular Users | 8,000 |
Risk Considerations
- Token Economics Uncertainty: Final tokenomics remain subject to change, which may impact market prices.
- Price Discovery: Pre-launch prices reflect market sentiment, not guaranteed spot listing values.
- Listing Assurance: OKX doesn't guarantee eventual spot market listing for pre-launch tokens.
👉 Understand pre-launch trading risks
FAQ
Why trade MEMEFI pre-launch?
Early access allows participation in price discovery before public availability, with potential first-mover advantages.
How is settlement handled?
Contracts will automatically settle at the official spot listing price when MEMEFI launches on OKX's spot market.
What leverage is available?
Traders can utilize up to 2x leverage, with position limits scaling across 12 risk tiers.
OKX reserves the right to modify or suspend pre-launch trading as necessary. Our team remains committed to delivering premier trading products and services.
OKX Team
October 2024