Listing Timeline Overview
OKX announces the integration of ME (Magic Eden) into its spot trading platform with the following schedule:
- Initial Listing: December 6, 2024, at 2:00 AM UTC
- Pre-Trading Window: December 10, 2024, 1:30 PM - 2:00 PM UTC
- Spot Trading Launch: ME/USDT pairs go live December 10, 2024, at 2:00 PM UTC
- Secondary Access: December 11, 2024, at 3:00 AM UTC
Spot Trading Opening Rules
To mitigate volatility risks:
- ❌ Market orders disabled for the first 5 minutes
- ⚖️ Limit orders capped at $10,000 USD per transaction
- Restrictions auto-lift after the initial 5-minute period
👉 Discover how to optimize your ME trading strategy
Magic Eden (ME) Project Profile
Key Details:
- Asset: Magic Eden
- Ticker: ME
- Total Supply: 1 billion tokens
- Mission: Powering MagicEden's cross-chain super dApp ecosystem by enabling multi-chain asset trading
Core Innovation: Facilitates seamless user acquisition across diverse blockchains while unifying asset liquidity.
Pre-Market Futures Delivery Mechanism
1. Delivery Timeline
- Contracts settle 32.5 hours post-spot listing
- Price calculation begins 2-3 hours after spot trading launch
- Real-time updates via OKX announcements
2. Pricing Methodology
- Index Components: Aggregates data from ≥3 major exchanges
- Final Price: Arithmetic mean of OKX index prices 1 hour pre-delivery
Note: Abnormal price movements may trigger manual adjustments
Post-Delivery Protocol:
- 🛡️ 30-minute transfer freeze for accounts holding >$10,000 in MEUSDT futures
- 📊 Historical data remains accessible for download
Risk Management Advisory:
"Pre-delivery market turbulence may necessitate proactive position adjustments. The insurance fund covers delivery-related losses, with profit-based position reductions as contingency measures."
Operational Parameters:
- Settlement fee: 1% (adjustable)
Dynamic price limits:
- Pre-delivery: ±15% of hourly mid-price average
- Final hour: ±5% of index price
Trading Preparations
Deposit USDT to activate ME/USDT trading capabilities.
👉 Start trading ME with optimized liquidity
FAQ Section
Q1: What distinguishes ME's pre-market futures from standard contracts?
A: These futures settle before official perpetual contracts launch, using a specialized index calculation method.
Q2: How does OKX ensure fair pricing during volatile conditions?
A: The platform employs multi-exchange price feeds and manual intervention protocols to maintain integrity.
Q3: Can I withdraw assets immediately after futures delivery?
A: Transfers unlock 30 minutes post-delivery for accounts meeting the $10,000 threshold.
Q4: What happens if the insurance fund is insufficient for loss coverage?
A: The system automatically reduces positions from highest-profit accounts to balance the ledger.
Risk Disclosure: Digital assets involve high volatility and risk. Conduct independent research and assess personal risk tolerance before trading. OKX disclaims liability for trading losses.
Updated December 6, 2024 | OKX Exchange
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