OKX is excited to announce the official listing of VINE for several key trading and investment products.
Starting January 26, 2025, at 7:00 PM (UTC+8), the VINEUSDT perpetual contract will be available for trading on the OKX website, mobile app, and via API. Subsequently, on January 27, 2025, at 12:00 PM (UTC+8), leveraged trading and the Easy Earn feature for VINE will be activated.
This guide provides a detailed overview of the new offerings, their mechanics, and how you can start using them.
Detailed Overview of VINE Listings
Leveraged Trading for VINE
Leveraged trading allows you to borrow funds to amplify your trading position, potentially increasing both gains and losses. For VINE, this will be available through a USDT trading pair.
- The specific margin levels and tier design for leveraged positions can be found on the platform under the designated Leverage Margin Tier section after the product goes live.
- It is crucial to understand the risks associated with margin trading, including the potential for liquidation if the market moves against your position.
Easy Earn Feature with VINE
The Easy Earn product provides a straightforward way to potentially generate yield on your idle VINE tokens by lending them out or participating in other low-risk financial products.
- The subscription limits and available annual percentage yield (APY) for VINE Easy Earn will be visible on the OKX platform once the service is active.
- Users are advised to review the official Easy Earn product rules for comprehensive details on how the service operates, including terms and conditions.
VINEUSDT Perpetual Contracts
Perpetual contracts are a type of derivative that allows you to speculate on the future price of VINE without an expiry date.
Here are the key specifications for the VINEUSDT perpetual contract:
| Contract Element | Details |
|---|---|
| Underlying Asset | VINE/USDT Index |
| Settlement Currency | USDT |
| Contract Face Value | 10 VINE |
| Price Quotation | Price of 1 VINE in USDT |
| Minimum Price Movement | 0.00001 |
| Leverage | 0.01x to 50x |
| Funding Fee | Calculated based on the difference between the contract's mid-price and the spot index price. The initial maximum rate is set at 0.5%. |
| Funding Interval | Every 4 hours |
| Trading Hours | 24/7 |
Important Note on Funding Rates: Due to potential price instability for a new listing, the maximum funding rate will be temporarily capped at 0.5% until January 27, 2025, at 00:00 (UTC+8). After this time, the cap will be adjusted to the standard maximum of 1.5%. The first funding fee under the new cap will be collected at January 27, 2025, 4:00 AM (UTC+8).
All other trading rules for the VINEUSDT perpetual contract, such as limit order specifications, align with existing perpetual contracts on the OKX platform.
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Getting Started with VINE Trading
To participate in trading VINE perpetual contracts or using the leveraged and Earn features, you need an OKX account. The process of depositing funds and placing trades is streamlined for user convenience.
Ensure you are familiar with the interface and have a clear risk management strategy before engaging in leveraged products or derivatives trading.
Risk Management Considerations
Trading leveraged products and perpetual contracts involves significant risk and is not suitable for all investors. It is possible to lose more than your initial investment.
- Understand Leverage: Using leverage magnifies both profits and losses.
- Use Stop-Loss Orders: These can help you manage risk and limit potential losses on a trade.
- Stay Informed: Keep up with market news and developments related to VINE that could affect its price.
- Only Invest What You Can Afford to Lose: Never trade with money you cannot afford to lose.
Frequently Asked Questions
What is the VINEUSDT perpetual contract?
It is a derivative product that tracks the price of VINE against USDT. Unlike futures contracts, it has no expiration date, allowing traders to hold positions indefinitely, subject to funding fees.
When does leveraged trading for VINE begin?
Leveraged trading for the VINE/USDT pair will be available starting January 27, 2025, at 12:00 PM (UTC+8).
How does the Easy Earn feature work for VINE?
By subscribing to Easy Earn with your VINE tokens, you can potentially earn a yield. Your tokens are allocated to various low-risk strategies, such as lending, and you receive interest in return. The specific APY and limits are displayed on the product page.
What is the initial funding rate cap for the new perpetual contract?
To ensure stability at launch, the funding rate for the VINE perpetual contract is initially capped at a maximum of 0.5% until January 27, 2025, at 00:00 (UTC+8). After that, it reverts to the standard cap.
Where can I find more detailed rules for these products?
All official product documentation, including the Leverage Margin Tier details and the Easy Earn product rules, is available on the OKX website and within the application interface once the products are live.
Are these products available in all regions?
Availability of specific products and features is subject to local laws and regulations. Users should check the terms of service to confirm what is available in their jurisdiction.
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