Friday, March 14, 2025

OKX Announces Listing of Nodecoin (NC) for Spot Trading

Share

KEY TAKEAWAYS

  • OKX announces the listing of Nodecoin (NC) on its spot trading markets, with trading set to begin on January 17, 2025.
  • Initial trading restrictions include a ban on market orders and a limit of 10,000 USD per order for the first five minutes.
  • Nodecoin is the native asset of Nodepay, an AI platform that monetizes unused internet bandwidth for data retrieval.

OKX has announced the listing of Nodecoin (NC) on its spot trading markets. The listing process will begin with NC deposits opening at 12:00 pm UTC on January 13, 2025. This will be followed by a call auction from 9:00 am to 10:00 am UTC on January 17, 2025, with NC/USDT spot trading commencing at 10:00 am UTC the same day. Withdrawals for NC will be available starting at 2:00 pm UTC on January 17, 2025.

Trading Rules and Mechanisms

To manage price volatility at the start of spot trading, OKX will implement specific order limits. During the first five minutes, market orders will not be allowed, and each limit order must not exceed a value of 10,000 USD. These restrictions will be lifted after the initial five minutes.

OKX will also apply price limits if a spot index is available for the NC/USDT trading pair. The price limits will be adjusted according to market conditions, with specific parameters defined for the first ten minutes and subsequent trading periods.

The call auction mechanism will be used for the NC/USDT spot listing. This process allows traders to submit buy and sell orders at desired prices before the official start of trading. The system calculates an indicative opening price based on these submissions. Following the call auction, OKX will display the project team’s opening price on the trading chart for informational purposes.

About Nodecoin and Nodepay

Nodecoin (NC) is the native asset of Nodepay, an AI training platform that enables users to monetize unused internet bandwidth for real-time data retrieval, enhancing AI inference. Nodecoin has a total supply of 1,000,000,000 tokens and operates on the blockchain with the contract address B89Hd5Juz7JP2dxCZXFJWk4tMTcbw7feDhuWGb3kq5qE.

For more details on the listing and trading of Nodecoin, visit the official announcement here.


Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official policy of CoinsHolder. Content, including that generated with the help of AI, is for informational purposes only and is not intended as legal, financial, or professional advice. Readers should do their research before taking any actions related to the company and carry full responsibility for their decisions.
Neel Kapoor
Neel Kapoor
Neel Kapoor is a dedicated cryptocurrency enthusiast and blockchain expert at Coinsholder.com. With over a decade of experience, Neel offers insightful analysis and commentary on the latest trends and innovations in the crypto space. His clear and concise writing makes complex topics accessible to all readers.

Read more

Related Articles