KEY TAKEAWAYS
- OKX announces the listing of the OFFICIAL TRUMP token, with trading set to begin on January 19, 2025.
- Initial trading restrictions include a ban on market orders and a limit of 10,000 USD per order for the first five minutes.
- The OFFICIAL TRUMP token is a meme asset with a total supply of 1 billion tokens.
- OKX advises traders to conduct thorough research due to the high volatility and speculative nature of digital assets.
OKX has announced the listing of the OFFICIAL TRUMP token (TRUMP) on its spot trading markets. The listing will follow a structured timeline, beginning with the opening of TRUMP deposits at 3:00 am UTC on January 19, 2025. A call auction will take place from 4:00 am to 5:00 am UTC, followed by the commencement of TRUMP/USDT spot trading at 5:00 am UTC. Withdrawals for TRUMP will be available starting at 9:00 am UTC on the same day.
Trading Rules and Mechanisms
To manage price volatility during the initial phase of trading, OKX will implement specific order and price limits. For the first five minutes of trading, 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.
Additionally, if a spot index is available for the TRUMP/USDT trading pair, OKX will apply price limits. These limits will be adjusted based on market conditions, with specific parameters denoted as X, Y, and Z. The call auction mechanism, which precedes the official trading, allows users to submit buy and sell orders at desired prices. This process helps determine an indicative opening price for the trading pair.
About the OFFICIAL TRUMP Token
The OFFICIAL TRUMP token is described as a meme asset with a total supply of 1,000,000,000 tokens. The contract address for the token is 6p6xgHyF7AeE6TZkSmFsko444wqoP15icUSqi2jfGiPN. Interested traders can check the price of the OFFICIAL TRUMP token here.
OKX has issued a risk warning, advising traders to conduct their own research and evaluate their risk appetite before engaging in digital asset trading. The platform emphasizes that digital assets are highly speculative and subject to high volatility, which may result in significant financial losses.
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