KEY TAKEAWAYS
- OKX will list NAVX, the native token of NAVI Protocol, on its spot trading markets starting March 25, 2025.
- Initial trading restrictions include a $10,000 cap on limit orders and net positions per user, lifted after five minutes.
- The NAVX/USDT listing will use a call auction mechanism, with a $50,000 cap on buy orders during the auction.
- NAVI Protocol offers DeFi services on the Sui blockchain, including lending and decentralized exchange aggregation.
OKX has announced the listing of NAVX, the native token of the NAVI Protocol, on its spot trading markets. The listing process will commence on March 25, 2025, with deposits opening at 6:00 am UTC. The NAVX/USDT spot trading will begin at 10:00 am UTC the same day, following a call auction from 9:00 am to 10:00 am UTC. Withdrawals for NAVX will be available starting at 10:00 am UTC on March 26, 2025.
To ensure a stable trading environment, OKX will implement specific risk control measures during the initial phase of trading. For the first five minutes after the start of spot trading, market orders will not be permitted, and the maximum amount per limit order will be capped at $10,000. Additionally, the maximum net position per user is set at $10,000. These restrictions will be lifted after the initial five minutes of trading.
Call Auction and Price Limit Rules
The NAVX/USDT spot listing will utilize a call auction mechanism, allowing users to submit buy and sell orders at desired prices before the trading pair officially begins trading. The call auction will last for one hour, and during this period, the total value of each user’s buy orders must not exceed $50,000. In the final five minutes of the call auction, users can place orders but cannot cancel or modify them.
OKX will apply 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 adopted. These measures are designed to protect investors from market volatility during the introduction of new cryptocurrencies.
About NAVI Protocol
NAVI Protocol is a modular decentralized finance infrastructure offering services such as lending, decentralized exchange aggregation, and liquid staking DeFi (LSDeFi) on the Sui blockchain. The total supply of NAVX is 1,000,000,000 tokens. For more information on the NAVI Protocol and its token, interested parties can check the NAVI Protocol price on the OKX platform.
For further details on the listing and trading rules, please visit the official OKX announcement here.
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