OKX is set to list J (Jambo) for spot trading, with the following schedule:
Trading Timeline
- J Call Auction Period: January 22, 2025, 5:00 PM - 6:00 PM (UTC+8)
- J/USDT Spot Trading Launch: January 22, 2025, 6:00 PM (UTC+8)
- J Withdrawal Opening: January 23, 2025, 6:00 PM (UTC+8)
Spot Market Risk Control Measures
To safeguard investors from extreme volatility during new token listings, OKX implements these temporary restrictions for the first 5 minutes of trading:
- ❌ Market orders disabled
- ⚖️ Limit order cap: Maximum $10,000 per order
👉 Discover how OKX protects traders during high-volatility events
Price Limit Rules
When index pricing is available, the platform enforces these dynamic limits:
| Trading Phase | Buy Order Max Price | Sell Order Min Price |
|---|---|---|
| First 10 minutes | Index × (1 + X) | Index × (1 - X) |
| After 10 minutes | Min[Max(Index, Index × (1 + Y) + 2m premium average), Index × (1 + Z)] | Max[Min(Index, Index × (1 - Y) + 2m premium average), Index × (1 - Z)] |
Note: Parameters X, Y, and Z adjust based on market conditions.
Call Auction Mechanism Explained
The J/USDT listing will feature a 1-hour call auction period where:
- Traders can place orders at desired price levels before live trading begins
- System calculates a reference opening price based on submitted orders
- Project-provided opening price (based on token valuation) serves as the starting price
👉 Learn about OKX's advanced trading mechanisms
FAQ
Q: Can I use market orders immediately after Jambo listing?
A: No, market orders are disabled for the first 5 minutes to prevent slippage.
Q: How long do the $10,000 limit order restrictions last?
A: All initial trading restrictions lift exactly 5 minutes after spot trading begins.
Q: Is the project's suggested opening price binding?
A: No, it's a reference point only. Your order prices and auction results determine actual trades.
Q: When can I withdraw J tokens after purchase?
A: Withdrawals open 24 hours after trading commences (January 23, 6:00 PM UTC+8).
OKX remains committed to delivering exceptional trading products and services while prioritizing investor protection during high-volatility events.