On March 24, 2025, OKX announced the listing of Particle Network's native token, PARTI, on its spot trading markets. This guide provides detailed information about the listing schedule, trading rules, project background, and essential FAQs to help traders navigate this new asset.
Listing Schedule and Timeline
The listing process for PARTI follows a structured timeline to ensure a smooth market introduction. All times are in UTC.
- PARTI Deposits Open: March 24, 2025, at 10:00 am.
- Call Auction Period: March 25, 2025, from 12:00 pm to 1:00 pm.
- PARTI/USDT Spot Trading Begins: March 25, 2025, at 1:00 pm.
- PARTI Withdrawals Open: March 26, 2025, at 10:00 am.
It is crucial for participants to note these times to plan their trading activities accordingly.
Trading Rules and Risk Controls
To protect investors from extreme volatility often associated with new token listings, OKX implements specific risk control measures during the initial trading phase.
Order Limits (First 5 Minutes)
For the first five minutes after PARTI/USDT spot trading commences, the following restrictions apply:
- Market orders are disabled.
- The maximum amount per limit order is $10,000.
- The maximum net position per user is $10,000.
These restrictions are automatically lifted five minutes after trading starts.
Price Limit Rules
The platform employs a dynamic price limit system. Initially, when a stable index price is unavailable, rules based on the closing price are used. Once a reliable index is established, the system switches to index-based limits.
Closing Price-Based Limit Rules:
- First Minute: The maximum bid price is set at the call auction's execution price multiplied by (1 + H). There is no minimum ask price limit.
- Subsequent Minutes (Until Index Available): The maximum bid price becomes the previous minute's closing price multiplied by (1 + H). There remains no minimum ask price limit.
- After Stable Index is Available: All price limits are removed.
Index-Based Limit Rules:
- First 10 Minutes: Prices are constrained between Index × (1 – X) and Index × (1 + X).
- After 10 Minutes: A more complex formula using parameters Y and Z is applied, incorporating the average premium over the last two minutes to determine flexible price bands.
OKX reserves the right to adjust parameters (N, H, X, Y, Z) or change the calculation method based on real-time market conditions without prior notice. To review the most current parameters, traders should 👉 check the latest trading rules.
Understanding the Call Auction Mechanism
The PARTI/USDT listing will utilize a one-hour call auction period before continuous trading begins. This mechanism allows users to submit buy and sell orders at their desired prices, with the system calculating an indicative opening price based on all orders.
Key rules for the call auction include:
- The total value of each user's buy orders must not exceed $50,000.
- During the final five minutes of the auction, orders can be placed but cannot be canceled or modified.
Following the auction, the platform may display a "project team's opening price" for informational purposes. This price, provided by the Particle Network team based on their project valuation, is for reference only. It does not affect order execution prices, which are determined solely by the market and the auction mechanism.
Project Introduction: Particle Network
Particle Network is positioned as a leading chain abstraction infrastructure within the Web3 ecosystem. Its core innovation, Universal Accounts, aims to solve critical challenges of fragmentation across blockchain networks.
The technology creates a unified account and balance system for users, seamlessly connecting disparate chains. This addresses the common problems of fragmented user identities, scattered data, and divided liquidity, enabling a more cohesive and user-friendly Web3 experience.
Token Details:
- Asset Name: Particle Network
- Ticker: PARTI
- Total Supply: 1,000,000,000 PARTI
- Contract Address: 0x59264f02D301281f3393e1385c0aEFd446Eb0F00
Preparing for Trading
To participate in PARTI trading, users must ensure they have sufficient USDT in their spot trading account. Deposits can be made at any time to prepare for the trading launch. For a comprehensive overview of the process and to get started, you can 👉 explore the trading platform.
Frequently Asked Questions (FAQ)
Q1: What is the most important time to remember for the PARTI listing?
A1: The key time is when spot trading opens on March 25, 2025, at 1:00 pm UTC. This is when users can begin actively buying and selling PARTI against USDT on the OKX platform.
Q2: Why are there trading limits in the first five minutes?
A2: The initial order limits are a protective measure. They are designed to prevent extreme price swings and market manipulation by limiting order size and type, creating a more stable and fair trading environment for all investors at launch.
Q3: What is a call auction and how does it work?
A3: A call auction is a process where buy and sell orders are collected for a set period before continuous trading starts. The system matches these orders to determine a single, fair opening price that maximizes the volume of trades that can be executed.
Q4: Is the "project team's opening price" the price I will trade at?
A4: No. The project team's price is purely informational and for chart display purposes. Your actual trade execution price is determined by the market forces during the call auction and the subsequent continuous trading phase.
Q5: Where can I find the most up-to-date trading parameters?
A5: All current parameters for price limits and order rules are published on the OKX official website. These parameters are subject to change based on market conditions, so it is advisable to check the latest information before trading.
Q6: What is chain abstraction?
A6: Chain abstraction is a concept in Web3 that aims to hide the underlying complexity of interacting with multiple blockchains from the end-user. It allows users to operate across various chains with a single account and unified assets, much like Particle Network's Universal Accounts.
Risk Warning: Digital asset trading involves high risk due to significant price volatility. You should carefully consider your investment objectives, experience level, and risk appetite before trading. The information provided here, which may come from third-party sources, is for informational purposes only and does not constitute financial advice or an endorsement by OKX. OKX does not guarantee the accuracy or completeness of this information and is not responsible for any trading losses. Investors should conduct their own research.