OKX announces the listing of SONIC (Sonic SVM) for spot trading. Below are the key details and timeline:
Listing Timeline
- SONIC Deposits Open: 12:30 pm UTC, January 2, 2025
- Call Auction Period: 11:00 am – 12:00 pm UTC, January 7, 2025
- SONIC/USDT Spot Trading Begins: 12:00 pm UTC, January 7, 2025
- SONIC Withdrawals Open: 4:00 pm UTC, January 7, 2025
Spot Trading Rules
Order Limits (First 5 Minutes)
To mitigate volatility:
- ❌ No market orders
- ✅ Limit orders: Max $10,000 USD per order
Price Limits
Applied if a spot index is available:
| Phase | Highest Price Limit | Lowest Price Limit |
|---|---|---|
| First 10 minutes | Index × (1 + X) | Index × (1 - X) |
| After 10 minutes | Min[Max(Index, ...)] | Max[Min(Index, ...)] |
Note: Parameters (X, Y, Z) adjust per market conditions.
Call Auction Mechanism
- Duration: 1 hour
- Submissions processed to determine indicative opening price.
- Project team’s opening price displayed post-auction for reference only (no impact on trade execution).
Project Overview: Sonic SVM
- First SVM on Solana.
- Web3 TikTok App-layer: Bridging TikTok users to Solana.
- Leading gaming ecosystem on Solana.
Token Details:
- Name: Sonic SVM
- Ticker: SONIC
- Total Supply: 2.4 billion
- Contract:
SonicxvLud67EceaEzCLRnMTBqzYUUYNr93DBkBdDES
Deposit USDT
Prepare for trading by topping up your USDT balance.
FAQs
Q1: When does SONIC spot trading start?
A1: Trading begins at 12:00 pm UTC, January 7, 2025.
Q2: Are there order restrictions at launch?
A2: Yes—only limit orders (max $10,000) for the first 5 minutes.
Q3: What is the call auction?
A3: A 1-hour period to submit orders, determining the opening price.
Q4: Where can I track SONIC’s price?
A4: Monitor via 👉 OKX’s official platform.
Q5: What makes Sonic SVM unique?
A5: It’s the first SVM on Solana with a TikTok-integrated Web3 layer.
Risk Disclosure:
Digital assets are volatile and high-risk. Conduct your own research. OKX is not liable for trading losses.
For support, contact OKX via official channels.
Last Updated: January 2, 2025
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