Listing Timeline
OKX announces the launch of USDT-margined pre-market futures trading for MEMEFI, scheduled to begin at 14:00 (Vietnam Time) on October 25, 2024. Both the web and mobile app interfaces, along with API integrations, will be updated simultaneously.
👉 Trade MEMEFI Pre-Market Futures on OKX
Project Overview
$MEMEFI is a community-driven token powering two ecosystems:
- The Web3 MemeFi application
- The Telegram MemeFi Advertising Network
Key utilities include:
- Reward distributions
- In-game character development
- Microtransaction currency for gaming services
- Discounted ad network payments
Token Details:
- Asset Name: Memefi
- Ticker: MEMEFI
- Website: memefi.club
- Twitter: @memeficlub
Understanding Pre-Market Futures
OKX's pre-market futures enable trading of derivatives for cryptocurrencies before their official spot market listing. These USDT-settled contracts often expire shortly after the asset's spot market debut, providing an early price discovery mechanism.
👉 Explore Crypto Futures Trading
Contract Specifications
| Feature | Details |
|---|---|
| Underlying Asset | MEMEFI/USDT Index (reflects latest contract price) |
| Settlement Currency | USDT |
| Contract Size | 100 MEMEFI |
| Pricing | USDT-denominated per 1 MEMEFI |
| Price Increment | 0.000001 |
| Leverage | 0.01x - 2x |
| Trading Hours | 24/7 |
| Contract Type | Forward Futures |
| Delivery Date | To be announced post-spot listing |
Tiered Position Limits
| Tier | Max Open Orders | MMR | IMR | Max Leverage |
|---|---|---|---|---|
| 1 | 1,000 | 5% | 20% | 5x |
| 2 | 8,000 | 15% | 25% | 4x |
| ... | ... | ... | ... | ... |
| 12 | 100,000 | 28% | 33.33% | 3x |
User Position Limits
| User Type | Position Limit (Contracts) |
|---|---|
| USDT-Margined Futures DMM Users | 100,000 |
| Non-USDT-Margined Futures DMM Users | 8,000 |
Preparing for Trading
Fund your USDT balance to participate in MEMEFI/USDT pre-market trading:
- Deposit USDT into your OKX account
- Monitor market updates via OKX announcements
Risk Disclosure
- Supply Uncertainty: Project teams may alter token issuance plans, causing price volatility.
- Price Discovery: Pre-market prices reflect speculative activity and may diverge from eventual spot prices.
- Listing Risk: Pre-market contracts don't guarantee eventual spot listing.
OKX reserves the right to suspend pre-market trading at its discretion. Refer to our Risk Disclosure for complete terms.
FAQ
Q: How do pre-market futures differ from regular futures?
A: They trade before spot listing and have unique margin/leverage structures tailored for new assets.
Q: What happens if MEMEFI isn't listed on spot markets?
A: Contracts will settle based on pre-defined terms, potentially via cash settlement.
Q: Can I withdraw profits before contract expiry?
A: Yes, unrealized gains are available once positions show profit.
Q: Is short selling allowed in pre-market?
A: Yes, both long and short positions are supported.
Q: How are funding rates calculated?
A: Rates follow OKX's standard futures mechanism, adjusted for pre-market conditions.
Last updated: October 25, 2024