OKX announces the listing of GOAT (Goatseus Maximus) for spot trading. Below are key details for traders:
Listing Timeline
- GOAT Deposits Open: 6:00 am UTC, Dec 12, 2024
- Call Auction Period: 9:00 am – 10:00 am UTC, Dec 12, 2024
- GOAT/USDT Spot Trading Begins: 10:00 am UTC, Dec 12, 2024
- GOAT Withdrawals Open: 2:00 pm UTC, Dec 12, 2024
Spot Trading Opening Rules
To mitigate volatility during launch, OKX implements temporary restrictions for the first 5 minutes:
- ❌ No market orders
- ⚖️ Limit orders capped at 10,000 USD per order
Restrictions lift automatically after 5 minutes.
Call Auction Mechanism Explained
GOAT/USDT listing will use a 1-hour call auction to determine the opening price:
- Traders submit buy/sell orders at desired prices during the auction.
- The system calculates an indicative opening price based on aggregated orders.
- After the auction, the project team’s suggested opening price (for reference only) will display as the chart’s initial price. This does not affect executed trade prices.
👉 Learn more about OKX’s trading mechanisms
Project Overview: Goatseus Maximus
- Name: Goatseus Maximus
- Ticker: GOAT
- Total Supply: 1,000,000,000
- Contract Address:
CzLSujWBLFsSjncfkh59rUFqvafWcY5tzedWJSuypump
Origin: A memecoin inspired by the AI-driven Twitter account Terminal of Truths.
How to Prepare for Trading
- Deposit USDT to your OKX account.
- Monitor the GOAT/USDT pair from 10:00 am UTC on Dec 12.
FAQs
Q: Why are there trading restrictions at launch?
A: To protect traders from extreme volatility during initial price discovery.
Q: Is the project team’s opening price binding?
A: No, it’s informational and doesn’t influence actual trade executions.
Q: Can I withdraw GOAT immediately after trading starts?
A: Withdrawals open at 2:00 pm UTC on Dec 12.
Q: What’s the call auction’s purpose?
A: It ensures a fair, market-driven opening price by aggregating trader intent.
Risk Disclaimer
Digital assets are speculative and highly volatile. Conduct independent research and assess your risk tolerance before trading. OKX does not guarantee the accuracy of third-party information provided here.
👉 Explore OKX’s security features
For assistance, contact OKX support via their official channels.
Last Updated: Dec 12, 2024
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### Optimizations:
- Structured with Markdown headings (`##`, `###`).
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