Dear OKX Users,
OKX is thrilled to announce the listing of SONIC (Sonic SVM) with the following schedule:
Listing Timeline
- SONIC Deposit Opening:
January 2, 2025, 8:30 PM (UTC+8) - SONIC Trading Session:
January 7, 2025, 7:00 PM - 8:00 PM (UTC+8) - SONIC/USDT Spot Trading Launch:
January 7, 2025, 8:00 PM (UTC+8) - SONIC Withdrawal Opening:
January 7, 2025, 12:00 PM (UTC+8)
Spot Trading Risk Control Rules
Order Restrictions:
To mitigate volatility risks during initial trading, OKX implements the following limits for the first 5 minutes:
- Market orders are disabled.
- Limit orders are capped at $10,000 per transaction.
These restrictions auto-expire after 5 minutes.
Price Limits:
If an index price is available, the following rules apply:
| 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), Index × (1 + Z)] | Max[Min(Index, Index × (1 - Y) + 2m premium), Index × (1 - Z)] |
Note: Parameters X, Y, and Z adjust based on market conditions.
About Call Auctions
SONIC/USDT spot trading will debut with a 1-hour call auction. This mechanism allows users to submit orders at desired prices before live trading begins. The system calculates a reference opening price based on submitted orders.
Post-auction, the project team’s suggested opening price (based on valuation) will set the initial trade price. This price is informational and does not override user-submitted orders.
Project Overview: Sonic SVM
Sonic SVM pioneers the first SVM launch on Solana, bridging Web3 and TikTok’s user base to Solana. It’s also Solana’s top gaming ecosystem.
- Full Name: Sonic SVM
- Ticker: SONIC
- Total Supply: 2.4 billion
- Contract Address:
SonicxvLud67EceaEzCLRnMTBqzYUUYNr93DBkBdDES
Deposit USDT Now
Prepare for SONIC/USDT trading by depositing USDT today!
OKX remains committed to delivering exceptional products and services.
OKX Team
January 2, 2025
FAQs
1. When can I start trading SONIC?
Spot trading begins January 7, 2025, 8:00 PM (UTC+8).
2. Are there trading limits for SONIC?
Yes—market orders are blocked initially, and limit orders are capped at $10,000 for the first 5 minutes.
3. What is Sonic SVM’s total supply?
2.4 billion SONIC tokens.
4. How does the call auction work?
Users submit orders pre-launch; the system calculates a reference price without affecting your bid/ask.
5. Where can I check SONIC’s price?
6. Can I withdraw SONIC immediately after listing?
Withdrawals open January 7, 2025, 12:00 PM (UTC+8).