OKX has announced the launch of USDT-margined futures premarket trading for the CATI token, beginning at 06:00 UTC on September 5, 2024. This update applies to the web platform, mobile application, and API services, offering traders early access to futures contracts for assets before their official listing.
Understanding Premarket Futures Trading
Premarket futures on OKX allow users to trade perpetual futures contracts for cryptocurrencies that have not yet been officially listed on the spot market. These USDT-margined contracts typically settle within three hours after the new cryptocurrency is listed on the spot exchange. OKX introduced premarket futures to provide a reliable and secure environment for price discovery of emerging digital assets.
Key Contract Specifications
| Feature | Details |
|---|---|
| Underlying Asset | CATI/USDT Index (based on the contract's last price) |
| Settlement Currency | USDT |
| Contract Face Value | 10 CATI |
| Price Quotation | Price of 1 CATI in USDT |
| Tick Size | 0.0001 |
| Leverage Range | 0.01x to 2x |
| Trading Hours | 24/7 |
| Contract Type | Perpetual Futures |
| Delivery Time | Undetermined; typically occurs after the asset's spot listing. Exact date will be announced separately. |
Premarket futures on OKX differ from standard perpetual futures in several aspects, including position limits and margin requirements.
Position Tier Limits
| Tier | Maximum Open Positions (Contracts) | MMR | IMR | Maximum Leverage |
|---|---|---|---|---|
| 1 | 1,000 | 15% | 50.00% | 2x |
| 2 | 2,000 | 18% | 50.00% | 2x |
| 3 | 3,000 | 19% | 100.00% | 1x |
| 4 | 4,000 | 20% | 100.00% | 1x |
| 5 | 6,000 | 21% | 100.00% | 1x |
| 6 | 8,000 | 22% | 100.00% | 1x |
| 7 | 10,000 | 23% | 100.00% | 1x |
| 8 | 12,000 | 24% | 100.00% | 1x |
| 9 | 14,000 | 25% | 100.00% | 1x |
| 10 | 16,000 | 26% | 100.00% | 1x |
| 11 | 18,000 | 27% | 100.00% | 1x |
| 12 | 20,000 | 28% | 100.00% | 1x |
User-Based Position Limits
| User Type | Position Limit (Contracts) |
|---|---|
| USDT-Margined Futures DMM User | 20,000 |
| Non-USDT-Margined Futures DMM User | 2,000 |
For detailed trading rules, including price limits and tier specifications, traders should refer to the official platform documentation.
Introduction to the CATI Token and Catizen
Catizen is an innovative gaming bot on Telegram that seamlessly integrates the Telegram messaging app with the TON blockchain. It aims to revolutionize Web3 accessibility by enabling practical mobile payments and leveraging Telegram's massive user traffic. The project strives to create a large-scale Web3 traffic gateway, potentially reaching hundreds of billions of users.
The platform is evolving into a mini-app center that combines unique Launchpool features with short-form video and e-commerce functionalities. It attracts and engages users through gamification and strategic initiatives like Play-to-Airdrop campaigns. This innovative approach seeks to transform how users access and interact with the Web3 ecosystem.
- Asset Name: Catizen
- Ticker: CATI
Important Risk Disclosures
- The cryptocurrency project team has not yet confirmed the token issuance plan, and the total supply is unknown. Changes in the circulation supply could lead to significant market price fluctuations. Users must understand market conditions, manage their risks prudently, and trade cautiously.
- Premarket futures prices are determined by market behavior and may not align with the actual listing price of the new cryptocurrency upon its official spot market debut.
- The availability of premarket futures does not guarantee that the corresponding cryptocurrency will ultimately be listed for spot trading. Listing conditions can be confirmed through official OKX announcements.
OKX reserves the right to suspend premarket trading at any time at its sole discretion.
👉 Explore advanced trading strategies
Frequently Asked Questions
What is premarket futures trading?
Premarket futures trading allows investors to trade perpetual contracts for a cryptocurrency before it is officially listed on the spot market. This provides an early mechanism for price discovery based on market sentiment and demand.
How does leverage work in CATI premarket futures?
Leverage allows traders to open larger positions with a smaller amount of capital. For CATI premarket futures, leverage ranges from 0.01x up to 2x, depending on the user's tier level. Higher leverage also amplifies both potential profits and losses.
When will the CATI futures contract be delivered?
The delivery for premarket futures typically occurs within a few hours after the CATI token is officially listed on the OKX spot market. The exact date and time for delivery will be announced by OKX at a later time.
What are the risks of trading premarket futures?
Key risks include high volatility due to an unconfirmed token supply, the possibility that the spot listing may not occur, and price discrepancies between the premarket futures price and the final spot listing price. It is crucial to use risk management tools.
Who can trade CATI premarket futures?
All eligible OKX users with verified accounts can access premarket futures trading on the web, app, or via API, subject to the position limits and tier requirements outlined for their account type.
Where can I find more information about trading rules?
For comprehensive details on trading rules, including fees, price limits, and liquidation procedures, users should consult the official help center on the OKX website.