The popular trading platform has officially announced the listing of DUCK (DuckChain) for spot trading. This guide provides all the essential information about the new listing, its schedule, and important trading details to help you navigate this new opportunity.
Introduction to DUCK (DuckChain)
DuckChain is a notable project within the TON ecosystem, positioning itself as the first EVM consumer layer blockchain on TON. It provides developers with an EVM-compatible development environment to build decentralized applications (Dapps) that are accessible on both the TON blockchain and Telegram. This integration aims to significantly expand the reach and usability of applications built on its network.
- Full Name: DuckChain
- Ticker Symbol: DUCK
- Total Supply: 10,000,000,000 DUCK
- Contract Address: EQDWXjnVWheFemaAaFn-Cp4nDehvGllrXOZ8wqHm8sDEwn\_c
For those looking to explore more strategies for trading new listings, understanding the project's fundamentals is a crucial first step.
Complete Trading Schedule
The listing of DUCK will follow a structured timeline to ensure a smooth market entry. All times are listed in UTC+8.
- Deposits Open: January 8, 2025, at 6:00 PM
- Withdrawals Open: January 16, 2025, at 10:00 PM
- Spot Trading (DUCK/USDT) Begins: January 16, 2025, at 6:00 PM
A unique feature of this listing is the inclusion of a one-hour call auction period, which will take place from 5:00 PM to 6:00 PM on January 16, just before live trading starts.
Understanding the Call Auction Mechanism
To facilitate a fair and orderly market opening, the exchange will employ a call auction system for the DUCK/USDT pair. During the one-hour auction window before trading officially begins, users can place limit orders at their desired prices.
The trading system will collect all these orders and use them to calculate a reference opening price based on auction rules. It is important to note that the project team may also provide a separate suggested opening price based on their valuation. This price is for informational purposes only and does not override the orders placed by users during the auction or determine the final market opening price.
Important Trading Risk Controls
To protect investors from the extreme volatility often associated with new token listings, the platform will implement several risk control measures during the initial trading phase.
Initial Order Restrictions (First 5 Minutes):
- Market order trading will be disabled.
- The maximum amount for any single limit order is set at $10,000 USD.
These restrictions will be automatically lifted five minutes after spot trading commences.
Price Limit Rules:
If an index price is available for the trading pair, the following price limit mechanism will be activated:
| Trading Phase | Maximum Buy Order Price | Minimum Sell Order Price |
|---|---|---|
| First 10 minutes | Index Price * (1 + X) | Index Price * (1 - X) |
| After first 10 minutes | Complex Formula Applied | Complex Formula Applied |
The parameters for X, Y, and Z in these formulas are dynamically adjusted based on prevailing market conditions to maintain stability.
Preparing for the DUCK Listing
To participate in trading from the outset, users are advised to prepare in advance. Ensuring you have USDT in your spot wallet is the primary requirement. You can deposit USDT at any time to be ready for when the markets open. For a comprehensive suite of tools to manage your assets and view real-time market data, always refer to the official platform.
Frequently Asked Questions
What is DuckChain (DUCK)?
DuckChain is an EVM-compatible blockchain built on The Open Network (TON). Its primary goal is to enable developers to create consumer-facing decentralized applications (Dapps) that can be easily used within the Telegram messaging app and across the TON ecosystem, leveraging the familiarity of Ethereum's development environment.
When can I start trading DUCK?
The DUCK/USDT spot trading pair will officially go live on January 16, 2025, at 6:00 PM (UTC+8). However, you can begin depositing DUCK into your exchange wallet starting from January 8, 2025, at 6:00 PM.
What are the trading limits for the first 5 minutes?
To mitigate risk during the high-volatility launch period, market orders are completely disabled for the first five minutes. Furthermore, all limit orders are capped at a maximum value of $10,000 per order. These safeguards are automatically removed after five minutes.
What is a call auction and how does it work?
A call auction is a process that occurs before continuous trading begins. For one hour, users can submit limit orders. When the auction ends, the system calculates a single opening price that maximizes the number of orders that can be executed. This helps establish a fair initial market price based on collective supply and demand.
Why is there a suggested opening price from the project team?
The project team may provide a suggested opening price based on their internal valuation models. This is offered as a reference point for the community but is not binding. The actual trading price is determined by the market forces of buyers and sellers on the exchange.
Where can I find the contract address?
The official contract address for the DUCK token on the TON blockchain is: EQDWXjnVWheFemaAaFn-Cp4nDehvGllrXOZ8wqHm8sDEwn\_c. Always verify the contract address from official sources before conducting any transactions to avoid scams.