Project Introduction
Magic Eden ($ME) is committed to supporting the super dApp strategy of the MagicEden-led cross-chain ecosystem. It focuses on acquiring users from various public blockchains and enabling seamless multi-chain asset trading.
- Asset Name: Magic Eden
- Ticker: ME
- Total Supply: 1,000,000,000
Listing Schedule
- Deposits Open: December 6, 2024, at 02:00 UTC.
- Spot Trading Begins: December 10, 2024, at 14:00 UTC (ME/USDT pair).
- Withdrawals Open: December 11, 2024, at 03:00 UTC.
Spot Trading Rules
To mitigate volatility, OKX enforces:
- No market orders for the first 5 minutes.
- Limit orders capped at 10,000 USD.
👉 Learn more about trading safeguards
Futures Settlement Details
- Delivery Time: 32.5 hours post-listing.
- Delivery Price: Calculated using OKX’s index (average of 3+ major exchanges).
- Settlement Fee: 1% (subject to change).
Price Limits
- Pre-delivery: ±15% of 1-hour average mid-price.
- Final 60 mins: ±5% of index price.
Risk Management
- Positions >10,000 USD face temporary transfer restrictions post-delivery.
- Leverage adjustments recommended to manage risk.
Disclaimer: Digital assets are speculative and volatile. Conduct independent research and assess risk tolerance.
👉 Explore OKX’s security measures
FAQs
Q1: When can I trade ME/USDT?
A1: Spot trading starts December 10, 2024, at 14:00 UTC.
Q2: Are there trading limits initially?
A2: Yes, no market orders and a 10,000 USD limit order cap for the first 5 minutes.
Q3: How is the futures delivery price determined?
A3: Based on OKX’s index price 1 hour before settlement.
Q4: What happens if I hold large futures positions at delivery?
A4: Transfers out are restricted for 30 minutes if positions exceed 10,000 USD.
Q5: Is there insurance for extreme losses?
A5: Losses may be covered by OKX’s insurance fund, subject to availability.
Q6: Where can I get support?
A6: Contact OKX via their official help center.
Last Updated: December 6, 2024