We’re excited to announce that USDT-margined pre-launch futures trading for DOGS will go live on August 5, 2024, at 3:00 AM UTC. This update will be available across OKX’s web platform, mobile app, and API. Here’s everything you need to know:
What Are Pre-Launch Futures?
OKX’s pre-launch futures allow traders to speculate on cryptocurrencies before their official market debut. These USDT-settled contracts typically expire shortly before the asset’s spot listing. This innovative product provides a secure platform for price discovery of upcoming digital assets.
👉 Discover how pre-launch futures can diversify your crypto portfolio
DOGS Pre-Launch Futures Contract Specifications
| Feature | Details |
|---|---|
| Underlying Asset | DOGS/USDT Index (based on contract’s last price) |
| Settlement Currency | USDT |
| Contract Size | 1,000 DOGS |
| Pricing | Quoted as USDT value per 1 DOGS |
| Tick Size | 0.000001 |
| Leverage | 0.01x – 2x |
| Trading Hours | 24/7 |
| Contract Type | Fixed-expiry futures |
| Delivery Timing | Prior to spot listing (exact date announced separately) |
Position Limits and Risk Parameters
Tiered Position Limits
| Tier | Max Open Positions | MMR | IMR | Max Leverage |
|---|---|---|---|---|
| 1 | 1,000 | 15% | 50% | 2x |
| 2 | 2,000 | 18% | 50% | 2x |
| … | … | … | … | … |
| 12 | 20,000 | 28% | 100% | 1x |
User-Specific Limits
| User Type | Position Limit |
|---|---|
| USDT-margined futures DMM users | 20,000 |
| Non-DMM futures users | 2,000 |
DOGS Token Overview
- Inspiration: Designed after Spotty (TON founder Pavel Durov’s Telegram mascot)
- Asset Name: DOGS
- Ticker: DOGS
👉 Learn more about emerging crypto assets on OKX
Important Risk Disclosures
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Unconfirmed Tokenomics: The project team hasn’t finalized DOGS’ emission plan or total supply. Supply changes may cause price volatility.
-
Price Discovery Risk: Pre-launch futures prices reflect market sentiment and may differ from eventual listing prices.
-
No Listing Guarantee: Trading pre-launch futures doesn’t ensure the asset will list on OKX spot markets.
OKX reserves the right to suspend pre-market trading at its discretion. Always review official announcements for updates.
Frequently Asked Questions
When will DOGS pre-launch futures start trading?
Trading begins August 5, 2024, at 3:00 AM UTC.
What makes pre-launch futures different from regular futures?
These contracts:
– Trade before asset’s official listing
– Use USDT settlement
– Typically expire pre-spot listing
Can I withdraw profits before delivery?
Yes, you can close positions anytime during trading hours to realize profits/losses in USDT.
OKX Team
August 3, 2024