OKX is excited to announce the listing of MEMEFI (MemeFi) for spot trading and the introduction of pre-market futures contracts. Below are the key details to help you prepare for trading.
MEMEFI Listing Timeline
Initial Listing:
- MEMEFI spot trading opens at 3:00 am UTC on November 13, 2024.
Pre-Market Futures Delivery:
- Delivery occurs 3 hours post-listing, with the price calculated 2–3 hours after spot trading begins.
Spot Trading Launch:
- MEMEFI/USDT trading pairs go live at 1:00 pm UTC on November 22, 2024.
Additional Trading Window:
- A secondary trading session opens at 1:00 pm UTC on November 23, 2024.
👉 Explore MEMEFI trading opportunities
About MEMEFI (MemeFi)
MEMEFI is a community-driven token powering the MemeFi ecosystem, including:
- Web3 App: Rewards and in-app transactions.
- Telegram Ad Network: Discounted ad services.
Tokenomics:
- Asset Name: MemeFi
- Ticker: MEMEFI
- Total Supply: 10,000,000,000
Key Features
- In-Game Utility: Character upgrades and microtransactions.
- Ad Network Discounts: Reduced fees for advertisers.
Pre-Market Futures Details
1. Delivery Process
- Contracts settle 3 hours post-listing.
- Price based on a 1-hour arithmetic average of OKX’s index before delivery.
2. Price Calculation
- Index Components: Prices from ≥3 mainstream exchanges.
- Abnormal Price Adjustments: OKX may intervene to ensure fair delivery.
3. Trading Restrictions
- Post-Delivery Lock: Accounts with >$10,000 positions face a 30-minute transfer freeze.
4. Fees & Limits
- Settlement Fee: 1% (subject to change).
Price Bands:
- Pre-Delivery: ±15% from the hourly average mid-price.
- Final Hour: ±5% from the index price.
Risk Management Tips
- Leverage Caution: Reduce exposure before delivery.
- Insurance Fund: Covers losses if the fund permits.
FAQs
Q1: When does MEMEFI spot trading start?
A1: November 22, 2024, at 1:00 pm UTC.
Q2: How is the futures delivery price determined?
A2: It’s the average index price 1 hour before delivery, sourced from multiple exchanges.
Q3: Are there transfer restrictions after delivery?
A3: Yes, for 30 minutes if holdings exceed $10,000.
Q4: What’s MEMEFI’s total supply?
A4: 10 billion tokens.
Q5: Can OKX adjust the delivery price?
A5: Yes, if market anomalies occur pre-delivery.
Prepare for Trading
- Top Up USDT: Ensure sufficient balance for MEMEFI/USDT pairs.
- Stay Updated: Monitor OKX announcements for timeline changes.
Risk Disclosure
Cryptocurrency trading involves high risk and volatility. Conduct independent research and assess your risk tolerance. OKX disclaims liability for trading losses.
For support, contact OKX via official channels.
Last Updated: November 2024