Dear OKX Users,
OKX is excited to introduce pre-market trading for the MAJOR (Major) token. Below are the key details and schedule:
Launch Timeline
- MAJOR/USDT Pre-Market Trading Opens: November 14, 3:00 PM (UTC+8)
Project Overview
Major is a "Play to Earn" game on Telegram, designed to enhance the popularity of the TON platform and blockchain technology. The $MAJOR token serves as the backbone for in-game mechanics, including leasing Telegram usernames and phone number NFTs.
- Full Name: Major
- Ticker Symbol: MAJOR
👉 Track MAJOR’s real-time price updates here
What Is Pre-Market Trading?
OKX’s pre-market trading enables users to trade futures contracts for tokens before their official listing. These USDT-settled futures contracts allow price discovery in a secure environment, typically settling once the token launches on the spot market.
1. Pre-Market Contract Specifications
| Contract Feature | Details |
|---|---|
| Underlying Asset | MAJOR/USDT Index (based on latest trade price) |
| Settlement Currency | USDT |
| Contract Size | 100 MAJOR |
| Price Quotation | USDT per 1 MAJOR |
| Minimum Price Step | 0.000001 |
| Leverage | 0.01x – 5x |
| Trading Hours | 24/7 |
| Contract Type | Futures Contract |
| Settlement Date | To be announced post spot-market listing |
2. Tiered Position Limits
| Tier | Max Open Positions | Maintenance Margin | Initial Margin | Max Leverage |
|---|---|---|---|---|
| 1 | 1,000 | 5.00% | 20.00% | 5x |
| 2 | 8,000 | 15.00% | 25.00% | 4x |
| ... | ... | ... | ... | ... |
3. User Position Limits
| User Type | Position Cap |
|---|---|
| Designated Market Makers (DMM) | 100,000 contracts |
| Regular Users | 8,000 contracts |
How to Prepare for Trading
- Deposit USDT to your OKX account to participate in MAJOR/USDT pre-market trading.
- Monitor market updates for potential changes in tokenomics or listing schedules.
👉 Start trading MAJOR futures now
Risk Disclosure
- Tokenomics Uncertainty: Final token supply remains unconfirmed by the project team. Changes may impact market volatility.
- Price Discovery: Pre-market prices reflect trader sentiment and may diverge from official launch prices.
- Listing Guarantee: OKX does not guarantee spot-market listing for pre-market tokens. Stay updated via official announcements.
OKX reserves the right to suspend pre-market trading at any time. For details, review our Terms of Service.
FAQ Section
Q1: What distinguishes pre-market trading from regular futures?
A: Pre-market contracts trade before a token’s official listing, allowing early price discovery. They settle post-listing.
Q2: Can I withdraw profits before settlement?
A: Yes, unrealized profits from open positions can be withdrawn, subject to margin requirements.
Q3: How is the MAJOR/USDT index calculated?
A: The index derives from the contract’s latest traded price, updated in real-time.
OKX is committed to delivering innovative products and exceptional service.
OKX Team
November 13, 2024