We are pleased to announce that the USDT-margined futures pre-market for HMSTR will go live on August 1, 2024, at 17:00 WIB.
This update will cover the web interface, mobile app, and API. Below are the key details:
What Are OKX Futures Pre-markets?
OKX Futures Pre-market enables users to trade expiry futures for cryptocurrencies not yet officially listed. These USDT-margined contracts are typically delivered before the asset launches on the spot market. This feature provides a secure platform for price discovery of new crypto assets.
HMSTR Futures Pre-market Contract Specifications
| Feature | Details |
|---|---|
| Underlying | HMSTR/USDT index (last contract price) |
| Settlement Crypto | USDT |
| Contract Size | 10 HMSTR |
| Pricing | Quoted in USDT per 1 HMSTR |
| Price Increment | 0.0001 |
| Leverage | 0.01–2x |
| Trading Hours | 24/7 |
| Contract Type | Expiry futures |
| Delivery Time | To be announced (usually before spot listing) |
Key Differences from Standard Futures
OKX Pre-markets have unique product mechanisms, including tiered position limits:
Tiered Position Limits
| Tier | Max Open Position (Contracts) | MMR | IMR | Max Leverage |
|---|---|---|---|---|
| 1 | 2,500 | 10% | 50% | 2x |
| 2 | 5,000 | 12% | 50% | 2x |
| ... | ... | ... | ... | ... |
| 12 | 50,000 | 22% | 100% | 1x |
User-Specific Position Limits
| User Type | Position Limit (Contracts) |
|---|---|
| USDT-margined DMM Futures users | 50,000 |
| Non-DMM Futures users | 5,000 |
👉 Learn how tiered limits impact your trading strategy
About HMSTR Token
Hamster Kombat is a tap-to-earn game combined with a crypto exchange simulator. Players act as CEOs of a rising crypto exchange, tapping gold coins to earn in-game currency and upgrades.
- Asset Name: Hamster Kombat
- Ticker: HMSTR
Risk Reminders
- Unconfirmed Issuance: The crypto project team has not confirmed token issuance plans. Supply fluctuations may cause price volatility.
- Price Divergence: Pre-market prices are market-driven and may not reflect final listing prices.
- No Listing Guarantee: Pre-markets don’t ensure eventual spot listing. Monitor OKX announcements.
OKX may suspend pre-market trading at its discretion.
👉 Review OKX’s risk management policies
FAQ
Q: How is HMSTR’s pre-market price determined?
A: Prices are based on supply/demand dynamics and may differ from the eventual spot listing price.
Q: Can I withdraw HMSTR earned in pre-markets?
A: No. Pre-market contracts settle in USDT; physical delivery of HMSTR isn’t guaranteed.
Q: What leverage is available for HMSTR futures?
A: Up to 2x for tiers 1–2, reducing to 1x for higher tiers.
Last Updated: July 29, 2024