Dear OKX Users,
We're excited to announce the upcoming listing of BABY (Babylon) with the following schedule:
Listing Timeline
- BABY Deposits Open: April 9, 8:00 PM (UTC+8)
- Pre-launch Trading Window: April 10, 5:15 PM - 6:15 PM (UTC+8)
- BABY/USDT Spot Trading Begins: April 10, 6:15 PM (UTC+8)
- BABY Withdrawals Open: April 11, 6:00 PM (UTC+8)
👉 Join the Babylon rewards event for a chance to win 700,000 $BABY tokens!
Risk Management Rules for New Listings
Order Restrictions (First 5 Minutes):
To protect investors from initial volatility:
- No market orders allowed
- Maximum $10,000 per limit order
- $10,000 net position limit per user
Price Limit Rules:
| Phase | Buy Order Max Price | Sell Order Min Price |
|---|---|---|
| First Minute | Auction Price × (1+H) | No restriction |
| Minutes 1-N (No Index) | Previous Close × (1+H) | No restriction |
| After N Minutes | No restriction | No restriction |
Platform may adjust parameters N/H/X/Y/Z without notice.
Key Features
Auction Mechanism:
- 1-hour call auction period
- Maximum $50,000 USDT order size limit
- Final 5 minutes: No order modifications allowed
👉 Learn more about trading rules
Project Overview
Babylon enables BTC staking, connecting BTC security networks with holders to create crypto's largest community.
- Full Name: Babylon
- Ticker: BABY
- Blockchain: BTC-powered security layer
Futures Contract Details
- Settlement Time: ~3 hours after spot listing
- Settlement Price: 1-hour OKX Index average before settlement
- Settlement Fee: 1% (subject to change)
Price Limits:
- Pre-settlement: ±15% from 1-hour mid-price average
- Final 60 minutes: ±5% from 1-hour mid-price average
Post-settlement trading restrictions apply for positions >$10,000.
FAQ Section
Q: When can I withdraw BABY tokens?
A: Withdrawals open April 11 at 6:00 PM (UTC+8).
Q: What happens if the index is unavailable?
A: We'll use alternate pricing methods with platform discretion.
Q: How are limit prices calculated?
A: Based on time-weighted averages with dynamic parameters.
Q: Can I cancel orders during the final auction minutes?
A: No modifications allowed in final 5 minutes.
Q: What's the maximum order size during auction?
A: $50,000 USDT per user.
Q: How long do trading restrictions last post-settlement?
A: 30 minutes for accounts with >$10,000 positions.
Get Ready to Trade
Deposit USDT now to prepare for BABY/USDT spot trading!
OKX continues to deliver exceptional products and services.
OKX Team
April 9, 2025