Dear OKX Users,
We're excited to announce the launch of ME (Magic Eden) pre-market trading on OKX. Below are the key details:
Trading Schedule
- ME/USDT pre-market trading opens: November 22, 2024 at 3:00 PM (UTC+8)
Project Overview
$ME supports Magic Eden's cross-chain ecosystem strategy through its super DApp, focusing on multi-chain asset management within the Magic Eden mobile wallet.
- Full Name: Magic Eden
- Ticker: ME
- 👉 Check current ME price
Understanding Pre-Market Trading
OKX's pre-market trading enables users to trade futures contracts for upcoming tokens before their official listing. These USDT-settled contracts typically settle when the token launches on spot markets.
Key Contract Specifications
| Contract Element | Details |
|---|---|
| Underlying | ME/USDT Index |
| Settlement | USDT |
| Contract Size | 1 ME |
| Price Quote | USDT per 1 ME |
| Tick Size | 0.0001 |
| Leverage | 0.01x - 5x |
| Trading Hours | 24/7 |
| Contract Type | Futures |
| Settlement Date | To be announced |
👉 Start trading ME futures now
Trading Rules Overview
Position Limits by Tier
| Tier | Max Position | Maintenance Margin | Initial Margin | Max Leverage |
|---|---|---|---|---|
| 1 | 500 | 5% | 20% | 5x |
| 2 | 4,000 | 15% | 25% | 4x |
| ... | ... | ... | ... | ... |
User Position Limits
| User Type | Position Limit |
|---|---|
| DMM Users | 50,000 |
| Regular Users | 4,000 |
Getting Started
Deposit USDT to prepare for ME/USDT pre-market trading:
Risk Disclosure
- Token economics remain subject to change, which may impact market prices
- Pre-market prices reflect speculative demand and may differ from eventual listing prices
- OKX doesn't guarantee eventual spot listing of ME
FAQ
Q: When will ME spot trading begin?
A: The exact date will be announced separately post-settlement.
Q: What's the minimum investment for ME pre-market?
A: Depends on current ME price and your selected leverage (minimum ~$0.10 at 5x).
Q: How is the settlement price determined?
A: Based on ME's spot market opening price post-listing.
Q: Can I withdraw profits before settlement?
A: Yes, by closing positions anytime during trading hours.
Q: Is ME available for US traders?
A: Check OKX's terms of service for regional restrictions.
OKX reserves the right to suspend pre-market trading as needed. We're committed to delivering exceptional trading experiences!
OKX Team
November 22, 2024