Dear OKX Users,
OKX is excited to announce the upcoming listing of SPK (Spark). Below are the detailed timelines:
Listing Schedule
- SPK Deposit Opens: June 16, 2025, 11:00 PM (UTC+8)
- SPK Call Auction Period: June 17, 2025, 5:00 PM – 6:00 PM (UTC+8)
- SPK/USDT Spot Trading Begins: June 17, 2025, 6:00 PM (UTC+8)
- SPK Withdrawal Opens: June 17, 2025, 8:00 PM (UTC+8)
Spot Trading Risk Control Rules
Order Restrictions (First 5 Minutes)
To mitigate volatility risks:
- Market orders are disabled.
- Limit orders capped at $10,000 per transaction.
- Maximum net position per user: $10,000.
Price Limit Rules
Initial Phase (No Index):
- Minute 1: Orders limited to ±H% of auction price.
- Minutes 1–N: Orders limited to ±H% of previous minute’s closing price.
- Post-N minutes: No restrictions.
Index-Based Phase:
- First 10 minutes: Orders within ±X% of index.
- After 10 minutes: Dynamic limits based on index and historical premiums.
Note: Parameters (N, H, X, Y, Z) may adjust without prior notice.
👉 Explore real-time trading rules
Call Auction Mechanism
SPK/USDT will debut via a 1-hour call auction:
- Users submit limit orders during this period.
- Single-user buy limit: $50,000.
- Last 5 minutes: No order modifications/cancellations.
👉 Learn about OKX’s auction mechanism
The project’s suggested opening price (for reference only) does not affect user-submitted orders.
Project Overview
Spark (SPK) powers the USDS ecosystem, enabling yield generation and DeFi integrations.
| Detail | Description |
|---|---|
| Full Name | Spark |
| Ticker | SPK |
| Total Supply | 10,000,000,000 |
| Contract Address | 0xc200...b066 |
FAQs
Q: When can I trade SPK/USDT?
A: Spot trading starts June 17, 2025, 6:00 PM (UTC+8).
Q: Are there deposit limits for SPK?
A: No restrictions, but deposits must be completed before trading begins.
Q: How does the call auction work?
A: Orders are matched post-auction to determine the opening price.
Deposit USDT now to prepare for SPK trading!
OKX is committed to delivering exceptional services.
OKX Team
June 16, 2025
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