KEY TAKEAWAYS
- OKX will list Jambo (J) on its spot trading markets starting January 22, 2025, with a structured timeline for trading activities.
- Initial trading restrictions include a five-minute ban on market orders and a limit of 10,000 USD per order to manage volatility.
- The call auction mechanism will determine the indicative opening price, with price limits adjusted based on market conditions.
- Jambo aims to create a mobile-first crypto network, beginning with the JamboPhone, and its price can be tracked on OKX.
OKX has announced the listing of Jambo (J) on its spot trading markets, with trading set to commence on January 22, 2025. The listing will follow a structured timeline, beginning with a call auction from 10:00 am to 11:00 am UTC, followed by the opening of J/USDT spot trading at 11:00 am UTC. Withdrawals for J will be available starting at 10:00 am UTC on January 23, 2025.
To ensure a smooth trading experience, OKX will implement specific rules during the initial phase of spot trading. For the first five minutes, market orders will not be allowed, and each limit order must not exceed a value of 10,000 USD. These restrictions aim to protect traders from potential price volatility and will be lifted after the initial five-minute period.
Price Limits and Call Auction Mechanism
OKX will apply price limits if a spot index is available for the J/USDT trading pair. The price limits will be adjusted based on market conditions, with specific parameters defined for the first ten minutes of trading and beyond. The call auction mechanism will be utilized for the spot listing, allowing traders to submit buy and sell orders at desired prices before the official start of trading. This mechanism helps determine an indicative opening price based on submitted orders.
Following the call auction, OKX will display the project team’s opening price as the initial price on the trading chart. This price, provided by the token project team, is based on the project’s valuation and is for informational purposes only. It does not influence the execution prices of orders.
About Jambo
Jambo aims to build the world’s largest mobile-first crypto network, starting with the JamboPhone. The asset’s ticker is J, and interested traders can check the Jambo price on OKX’s platform. For more details, visit the official announcement here.
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 for spot trading on January 22, 2025. Learn about the listing timeline, trading rules, and the call auction mechanism.){kind=link}