Launch Timeline
Dear OKX Users,
OKX is excited to announce the official launch of MEMEFI/USDT Pre-Market Trading (USDT-margined futures contracts) on October 25, 2024, at 3:00 PM (UTC+8). This service will be available across our web platform, mobile app, and API. Key details include:
👉 Explore OKX Pre-Market Trading
Project Overview
$MEMEFI is a community-driven token powering both the MemeFi Web3 ecosystem and its Telegram ad network. It serves multiple functions:
- Rewards and role development in the MemeFi app
- In-game microtransactions
- Discounted ad network services
Token Details:
- Full Name: Memefi
- Symbol: MEMEFI
- Website: https://www.memefi.club
- Twitter: https://x.com/memeficlub
Understanding Pre-Market Trading
OKX Pre-Market Trading enables users to trade futures contracts for upcoming tokens before their official spot market listing. These USDT-settled contracts typically settle once the token launches on the spot market. This feature offers a secure platform for price discovery and early participation.
Contract Specifications
| Contract Element | Details |
|---|---|
| Underlying Asset | MEMEFI/USDT Index (based on latest contract price) |
| Settlement Currency | USDT |
| Contract Face Value | 100 MEMEFI |
| Price Quotation | USD value per 1 MEMEFI |
| Minimum Price Increment | 0.000001 |
| Leverage | 0.01x – 2x |
| Trading Hours | 24/7 |
| Contract Type | Futures (Delivery) |
| Settlement Time | To be announced (aligned with token’s spot market launch) |
Trading Rules & Position Limits
- Tiered Position Limits:
| Tier | Max Open Positions | Maintenance Margin | Initial Margin | Max Leverage |
|---|---|---|---|---|
| 1 | 1,000 | 5.00% | 20.00% | 5x |
| 2 | 8,000 | 15.00% | 25.00% | 4x |
| 3–12 | 15,000–100,000 | 19.00%–28.00% | 33.33% | 3x |
- User Position Caps:
| User Type | Position Limit |
|---|---|
| Unified Account Market Makers (DMM) | 100,000 |
| Regular Users | 8,000 |
Risk Disclosure
- Token Supply Uncertainty: Final tokenomics are pending confirmation by the project team. Supply changes may impact market prices.
- Price Volatility: Pre-market prices reflect trading activity and may not predict final listing prices.
- Listing Not Guaranteed: OKX does not guarantee MEMEFI’s eventual spot market listing. Monitor official announcements.
👉 OKX reserves the right to modify or suspend pre-market trading. Review our Terms of Service and Risk Disclosures for details.
FAQ
Q: What is MEMEFI’s primary use case?
A: It functions as a utility token for the MemeFi ecosystem, enabling rewards, in-app purchases, and ad network discounts.
Q: How does pre-market trading differ from spot trading?
A: Pre-market trades futures contracts settled later, while spot trading involves immediate token delivery.
Q: Can I use leverage in pre-market trading?
A: Yes, with limits up to 2x (subject to tiered margin requirements).
Q: When will the contract settle?
A: Settlement coincides with MEMEFI’s spot market launch, to be announced later.
OKX is committed to delivering innovative products and exceptional user experiences.
OKX Team
October 25, 2024