Listing Schedule
We're excited to announce that USDT-margined pre-market futures for MAJOR will be enabled at 07:00 UTC on November 14, 2024. The update will be implemented across web and app interfaces, as well as through our API.
Project Overview
Major is a Play-to-Earn Telegram game featuring unique concepts and implementations designed to boost the popularity of TON blockchain. The $MAJOR tokens will serve dual purposes:
- Powering in-game mechanics
- Facilitating Telegram username rentals
- Supporting NFT-based phone number trading
Asset Details:
- Name: Major
- Ticker: MAJOR
👉 Track MAJOR's real-time price movements
Pre-Market Futures Explained
OKX's pre-market futures allow trading of crypto assets before their official spot market listing. These USDT-margined contracts typically settle prior to the asset's spot listing, providing early price discovery opportunities through a secure trading environment.
1. Pre-Market Futures Contract Specifications
| Feature | Details |
|---|---|
| Underlying | MAJOR/USDT Index (based on contract's last price) |
| Settlement Crypto | USDT |
| Nominal Value | 100 MAJOR |
| Price Quotation | USDT price per 1 MAJOR |
| Tick Size | 0.000001 |
| Leverage | 0.01 - 5x |
| Trading Hours | 24/7 |
| Contract Type | Expiring Futures |
| Delivery Date | To be determined post official spot listing (separate announcement) |
2. Tiered Position Limits
| Tier | Open Position Limit (Contracts) | MMR | IMR | Max Leverage |
|---|---|---|---|---|
| 1 | 1,000 | 5.00% | 20.00% | 5x |
| 2 | 8,000 | 15.00% | 25.00% | 4x |
| 3-12 | 15,000-100,000 | 19-28% | 33.33% | 3x |
3. User-Specific Position Limits
| User Type | Position Limit (Contracts) |
|---|---|
| USDT-Margined Futures DMM User | 100,000 |
| Non-DMM Futures User | 8,000 |
Trading Preparation
Deposit USDT to your account for MAJORUSDT pre-market trading:
Risk Management Advisory
- Supply Uncertainty: The project team hasn't finalized MAJOR's emission plan. Potential supply changes may cause price volatility. Monitor market conditions closely.
- Price Discovery: Pre-market prices reflect speculative demand and may differ from eventual listing prices.
- Listing Contingency: Pre-market trading doesn't guarantee subsequent spot listing. Check OKX announcements for updates.
OKX reserves the right to suspend pre-market trading at its sole discretion.
Frequently Asked Questions
Q: When will MAJOR spot trading begin?
A: Spot listing typically occurs after futures delivery, but specific dates will be announced separately.
Q: What's the minimum trade size for MAJOR futures?
A: Contracts trade in 100 MAJOR increments with 0.000001 price precision.
Q: Can I use cross-margin for pre-market futures?
A: Currently only isolated margin is supported for pre-market contracts.
Q: How does delivery work for these futures?
A: Contracts automatically settle in USDT after the official spot listing occurs.
Q: Is there a funding rate for pre-market futures?
A: No, these are expiring futures contracts without periodic funding payments.
OKX Team - November 2024