OKX to List BIO Protocol for Spot Trading on January 3, 2025

OKX has announced the listing of BIO Protocol (BIO) on its spot trading markets. The listing will commence on January 3, 2025, with a series of scheduled events to facilitate the introduction of the new asset.

The timeline for the listing includes the opening of BIO deposits at 5:30 am UTC, followed by a call auction from 9:15 am to 10:15 am UTC. Spot trading for the BIO/USDT pair will begin at 10:15 am UTC, and withdrawals will be available from 2:00 pm UTC on the same day.

Trading Rules and Mechanisms

To manage price volatility at the start of trading, OKX will implement specific restrictions. During 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, OKX will apply price limits if a spot index is available for the trading pair. The price limits will be adjusted based on market conditions, with specific parameters outlined for the initial ten minutes and subsequent trading periods.

Introduction to BIO Protocol

BIO Protocol serves as a financial layer for decentralized science (DeSci), aiming to enhance the flow of capital and talent into onchain science. This initiative seeks to create shared intellectual property ownership among its members.

The asset, identified by the ticker BIO, has a total supply of 3,320,000,000. Interested parties can view the BIO Protocol price and further details on the OKX website.

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