Starting at 7:00 AM on October 11, 2024 (UTC), OKX will officially open pre-market futures trading for X Empire (X), using USDT as leverage.
Pre-market futures is a tool that allows you to trade futures contracts for cryptocurrencies that have not yet been officially listed. Typically, these contracts are settled before the new coin becomes available on the spot market. OKX developed this feature to provide users with a platform to explore the price discovery of new cryptocurrencies.
X Empire—the platform issuing the X token—is a highly popular “Tap-to-Earn” game on Telegram, similar to prominent projects like Notcoin, DOGS, and Hamster Kombat.
With a user community of over 30 million, X Empire is one of the largest communities globally. In the game, players can upgrade characters and earn in-game tokens, which can be exchanged for $X tokens. The $X token will be widely used within the X Empire ecosystem.
Related: What is OKX Exchange? Latest Detailed Review of OKX Platform in 2024
Key notes about X pre-market futures contracts
- Underlying asset: X/USDT Index (this represents the final price of the contract)
- Settlement currency: USDT
- Nominal value: 1,000 X
- Pricing method: Based on the USDT price of 1 X
- Minimum price increment: 0.0000001
- Leverage: From 0.01 to 2x
- Trading hours: 24/7, nonstop
- Contract type: Fixed-term futures contract
- Settlement time: Not yet specified. Typically, settlement occurs after the coin is listed on the spot market. OKX will announce the exact date later.
