Dear OKX Users,
We're excited to announce the launch of CATI/USDT pre-market trading (USDT-margined futures contracts) across our web platform, mobile app, and API interfaces starting September 5, 2024, at 14:00 UTC+8. Below are the key details:
What Is Pre-Market Trading?
OKX's pre-market trading feature enables users to trade futures contracts for upcoming tokens before their official listing. These USDT-settled contracts typically settle 3 hours after the token's spot market debut, providing a secure platform for price discovery.
Contract Specifications
| Contract Element | Details |
|---|---|
| Underlying Asset | CATI/USDT Index (based on latest transaction price) |
| Settlement Currency | USDT |
| Contract Face Value | 10 CATI |
| Price Quotation | USDT price per 1 CATI |
| Minimum Price Movement | 0.0001 |
| Leverage | 0.01x - 2x |
| Trading Hours | 24/7 |
| Contract Type | Futures Contract |
| Settlement Timing | To be determined post spot-market listing (announcement will follow) |
👉 Discover how pre-market trading enhances your strategy
Unique Market Mechanisms
Pre-market trading features distinct position limits and user tiers:
1. Tiered Position Limits
| Tier | Max Open Position (Contracts) | Maintenance Margin | Initial Margin | Max Leverage |
|---|---|---|---|---|
| 1 | 1,000 | 15% | 50% | 2x |
| 2 | 2,000 | 18% | 50% | 2x |
| 3-12 | 3,000-20,000 | 19%-28% | 100% | 1x |
2. User Position Limits
| User Type | Position Limit (Contracts) |
|---|---|
| Unified Margin Market Makers (DMM) | 20,000 |
| Regular Users | 2,000 |
About Catizen (CATI)
Catizen is Telegram's largest crypto application hub, integrating:
- Launchpool capabilities
- Open Task functionalities
- Play-to-Airdrop incentives
This ecosystem transforms Web3 participation through innovative engagement models.
Token Details:
- Full Name: Catizen
- Ticker: CATI
Risk Disclosures
- Uncertain Tokenomics: Final token supply remains undetermined by the project team. Changes may cause price volatility—trade cautiously and monitor updates.
- Price Discovery: Pre-market prices reflect buyer/seller activity and may not correlate with eventual listing prices.
- Listing Not Guaranteed: OKX doesn't guarantee spot-market listings for pre-market tokens. Monitor official announcements.
👉 Stay updated with our latest listings
*OKX reserves the right to suspend pre-market trading at its discretion. Refer to our Terms of Service for details.
We're committed to delivering exceptional products and services!
The OKX Team
September 3, 2024
FAQ
Q: When will CATI contracts settle?
A: Settlement occurs ~3 hours after CATI's spot listing. Exact timing will be announced later.
Q: What leverage is available for pre-market trading?
A: Users can access 0.01x to 2x leverage, with tier-based margin requirements.
Q: How does pre-market trading differ from standard futures?
A: It allows price discovery pre-listing with modified position limits and settlement timing.