KEY TAKEAWAYS
- OKX announces the listing of AIXBT, a token by Virtuals, on its spot trading markets, with trading set to begin on January 15, 2025.
- Initial trading restrictions include a five-minute period where market orders are not allowed, and limit orders are capped at 10,000 USD.
- The call auction mechanism will determine the opening price for AIXBT/USDT, with price limits applied based on market conditions.
- AIXBT is an AI-driven crypto market intelligence platform, offering strategic insights with a total supply of 1 billion tokens.
OKX has announced the listing of AIXBT, a token by Virtuals, on its spot trading markets. The listing will follow a specific timeline, starting with the opening of AIXBT deposits at 7:00 am UTC on January 15, 2025. The call auction for AIXBT will occur from 12:00 pm to 1:00 pm UTC on the same day, with spot trading against USDT commencing at 1:00 pm UTC. Withdrawals for AIXBT will be available from 2:00 am UTC on January 16, 2025.
To ensure a smooth trading experience, OKX has set specific rules for the opening of spot trading. 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-minute period.
Call Auction and Price Limits
The call auction mechanism will be utilized for the spot listing of AIXBT/USDT. This mechanism allows traders to submit buy and sell orders at desired prices before the official start of trading. The system processes these orders according to call auction rules, calculating an indicative opening price based on submissions.
OKX will also implement price limits if a spot index is available for the trading pair. These limits will vary within the first ten minutes of the spot/margin listing and will be adjusted according to market conditions.
About AIXBT
AIXBT is an AI agent and crypto market intelligence platform designed to provide users with strategic insights in the evolving crypto space. The asset, known as aixbt by Virtuals, has a total supply of 1,000,000,000 tokens. More details about the token can be found on the OKX website here.
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