KEY TAKEAWAYS
- OKX will list FLUID on its spot trading markets starting March 27, 2025, with deposits opening at 6:00 am UTC.
- FLUID/USDT spot trading will commence at 10:00 am UTC, following a one-hour call auction.
- Initial trading restrictions include a $10,000 cap on limit orders and net positions per user, lifted after five minutes.
- FLUID is a DeFi protocol integrating lending and decentralized swapping, with a total supply of 100 million tokens.
OKX has announced the listing of FLUID (Fluid) on its spot trading markets, with the listing process set to begin on March 27, 2025. The announcement was made here, detailing the timeline and trading rules for the new listing.
Deposits for FLUID will open at 6:00 am UTC on March 27, 2025. A call auction for FLUID will take place from 9:00 am to 10:00 am UTC, followed by the opening of FLUID/USDT spot trading at 10:00 am UTC. Withdrawals for FLUID will be available starting at 10:00 am UTC on March 28, 2025.
Trading Rules and Risk Control Measures
To manage market volatility during the initial phase of the listing, OKX has implemented specific trading restrictions. For the first five minutes after spot trading begins, market orders will not be allowed, and the maximum amount per limit order and net position per user is capped at $10,000. These restrictions will be lifted after the initial five minutes.
OKX will employ closing price-based limit rules when a stable index price is unavailable. Once a stable index price is established, index-based limit rules will be applied. The platform reserves the right to adjust parameters or switch limit price calculation methods based on market conditions without prior notice.
Call Auction Mechanism
The listing of FLUID/USDT will utilize a call auction mechanism, lasting for one hour. During this period, users can submit buy and sell orders at their desired prices. The system processes these orders according to call auction rules, calculating an indicative opening price.
To maintain market order, the total value of each user’s buy orders during the call auction must not exceed $50,000. In the last five minutes of the auction, users can place orders but cannot cancel or modify them. Following the call auction, the project team’s opening price will be displayed as the initial price on the trading chart for informational purposes.
FLUID is a DeFi protocol that integrates lending and decentralized swapping. The asset has a total supply of 100,000,000, with the contract address 0x6f40d4a6237c257fff2db00fa0510deeecd303eb. For more information on FLUID’s price, visit the OKX website.
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