Dear OKX Users,
We are pleased to announce the official launch of VINE/USDT Perpetual Contracts on our platform (web, App, and API) at 19:00 UTC+8 on January 26, 2025, followed by VINE Leverage Trading and Easy Earn services at 12:00 UTC+8 on January 27, 2025. Below are the detailed rules:
1. Leverage Trading & Easy Earn
- USDT Pair Support: VINE will be available for leveraged trading via the USDT trading pair.
- Leverage Tiers: Post-launch, refer to the 👉 Leverage Margin Tier Guide for gradient design specifics.
- Easy Earn Quotas: Check the OKX Easy Earn Service Rules post-launch for allocation details.
2. Perpetual Contracts
Contract Specifications
| Key Feature | Details |
|---|---|
| Underlying | VINE/USDT Index |
| Settlement Currency | USDT |
| Contract Face Value | 10 |
| Price Quotation | USDT price per 1 VINE |
| Minimum Price Change | 0.00001 |
| Leverage Range | 0.01–50x |
| Funding Fee Formula | Clamp(MA([(Mark Price – Spot Index) / Spot Index – Interest], 0.5%), -1.5%, 1.5%) Interest = 0; Fees collected/paid hourly. |
| Funding Interval | 4 hours |
| Trading Hours | 24/7 |
Notes:
- To mitigate initial price volatility, the funding rate cap will be 0.5% until 00:00 UTC+8 on January 27, 2025, reverting to 1.5% thereafter.
- All other rules (e.g., limit orders) align with standard perpetual contracts. Refer to our 👉 Perpetual Contracts Documentation for details.
FAQ
Q1: When does VINE leverage trading go live?
A1: January 27, 2025, at 12:00 UTC+8.
Q2: What’s the maximum leverage for VINE perpetual contracts?
A2: 50x.
Q3: How often are funding fees calculated?
A3: Every 4 hours.
Q4: Can I trade VINE contracts on mobile?
A4: Yes, via the OKX App.
Q5: Is there a minimum investment for Easy Earn?
A5: Refer to the platform’s Easy Earn rules post-launch.
OKX remains committed to delivering superior products and services.
OKX Team
January 26, 2025