OKX to List DuckChain (DUCK) for Spot Trading in January 2025

OKX has announced the upcoming listing of DuckChain (DUCK) on its spot trading markets. The listing process will begin with DUCK deposits opening at 6:00 am UTC on January 11, 2025. This will be followed by a call auction from 9:00 am to 10:00 am UTC on January 16, 2025, with DUCK/USDT spot trading commencing at 10:00 am UTC the same day. Withdrawals for DUCK will be available starting at 2:00 pm UTC on January 16, 2025.

Trading Rules and Mechanisms

To manage price volatility during the initial phase of trading, OKX will implement specific order and price limits. 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 DUCK/USDT trading pair. The price limits will be adjusted according to market conditions, with specific parameters defined for the first ten minutes and beyond.

The call auction mechanism will be utilized for the DUCK/USDT spot listing. This mechanism allows traders to submit buy and sell orders at desired prices before the official start of trading. The system processes these submissions to calculate an indicative opening price. Following the call auction, the project team’s opening price will be displayed as the initial price on the trading chart for informational purposes.

About DuckChain

DuckChain is the first Ethereum Virtual Machine (EVM) consumer-layer blockchain on The Open Network (TON). It is designed to provide a development environment for building decentralized applications (Dapps) on TON and Telegram. The asset name is DuckChain, with the ticker DUCK, and a total supply of 10 billion tokens.

For more information on the listing, visit the official announcement here.

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