Dear OKX Users,
OKX is excited to introduce pre-market trading for ME (Magic Eden). Below are the key details:
Trading Schedule
- ME/USDT Pre-Market Trading Launch: November 22, 2024, 3:00 PM (UTC+8)
Project Overview
$ME supports Magic Eden's cross-chain ecosystem strategy, focusing on user acquisition and seamless multi-chain asset trading via its mobile wallet.
- Full Name: Magic Eden
- Ticker: ME
Pre-Market Trading Explained
OKX's pre-market trading enables futures contracts for unreleased tokens, settling in USDT. This feature offers a secure platform for price discovery before official spot listings.
1. Contract Specifications
| Contract Detail | Description |
|---|---|
| Underlying Asset | ME/USDT Index (based on latest trade price) |
| Settlement Currency | USDT |
| Contract Size | 1 ME |
| Price Quote | USDT per 1 ME |
| Min Price Movement | 0.0001 |
| Leverage | 0.01–5x |
| Trading Hours | 24/7 |
| Contract Type | Futures |
| Settlement Date | To be announced post spot-listing |
2. Key Differences from Standard Futures
Position Limits:
Tiered Rules:
Tier Max Position (Contracts) Maintenance Margin Initial Margin Max Leverage 1 500 5% 20% 5x ... ... ... ... ... User-Specific Limits:
User Type Max Position (Contracts) Designated Market Makers 50,000 Regular Users 4,000
How to Prepare
Deposit USDT to your account and monitor updates for ME/USDT pre-market trading.
Risk Disclosure
- Token supply details are pending confirmation; changes may impact prices.
- Pre-market prices reflect trader activity and may diverge from final listing prices.
- OKX does not guarantee spot listings for pre-market tokens.
For full terms, review OKX's Trading Policies.
FAQ
1. What is ME (Magic Eden)?
ME is the token powering Magic Eden’s cross-chain ecosystem, enabling multi-chain asset management.
2. How does pre-market trading work?
Users trade futures contracts settled in USDT before the token’s official spot listing.
3. What are the risks?
Price volatility and uncertain tokenomics are key risks. Always DYOR.
We’re committed to delivering top-tier services.
OKX Team
November 22, 2024