Launch Timeline
Dear OKX Users,
OKX is excited to announce the upcoming listing of X Empire (X) with the following schedule:
- Deposits Open: October 15, 8:00 PM (UTC+8)
- Pre-Listing Period: October 24, 7:00 PM – 8:00 PM (UTC+8)
- X/USDT Spot Trading Starts: October 24, 8:00 PM (UTC+8)
- Withdrawals Open: October 25, 6:00 PM (UTC+8)
👉 Join the X Empire rewards campaign to compete for 1.65 billion X tokens!
About the Call Auction Mechanism
X/USDT spot trading will begin with a 1-hour call auction. OKX’s auction system allows users to place orders at their desired prices before trading officially starts. Key notes:
- The reference opening price is calculated based on submitted orders.
- The project team’s suggested opening price (based on valuation) serves as a reference but does not override user bids.
Project Overview
X Empire is a popular Telegram-based play-to-earn game where players:
- Upgrade characters to earn in-game tokens convertible to $X.
- Leverage AI, blockchain, and user-generated content for a unique Web3 gateway.
Token Details:
- Full Name: X Empire
- Ticker: X
Pre-Listing Futures Contracts
1. Delivery Time
Contracts expire 3 hours after spot listing. Delivery prices are calculated 2–3 hours post-listing.
2. Delivery Price
- Index Price: Weighted average from ≥3 major exchanges.
- Settlement: 1-hour OKX index arithmetic mean before expiry.
⚠️ Post-Delivery Restrictions: Users holding >$10,000 in positions will face a 30-minute transfer freeze.
3. Delivery Fee
- Current rate: 1% (subject to change).
4. Price Limits
- Pre-Delivery: Orders must stay within ±15% of the 1-hour mid-price.
- Final 60 Minutes: Tightened to ±5%.
📌 Risk Warning: Crypto markets are volatile. Manage leverage and positions carefully.
How to Prepare
- Deposit USDT to trade X/USDT pairs.
FAQ
Q1: Can I withdraw X tokens before spot trading starts?
A: No. Withdrawals open on October 25, 6:00 PM (UTC+8).
Q2: How is the delivery price calculated?
A: It’s based on the OKX index mean 1 hour before expiry.
Q3: What happens if I hold a large position at delivery?
A: Accounts with >$10,000 in value face a 30-minute transfer hold.
OKX is committed to delivering top-tier products and services.
👉 Start trading X Empire today!
OKX Team
October 12, 2024
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