Key Trading Details
OKX will introduce the SPK/USD trading pair for spot trading at 12:00 pm UTC on June 17, 2025. This addition aims to expand the USD ecosystem and cater to diverse trading preferences.
Trading Features Timeline:
- Orderbook Live: 12:00 pm UTC, June 17, 2025
- Buy/Sell & Convert Functions: Available ~2 hours post-launch
Spot Market Opening Risk Control Rules
Order Limits (First 5 Minutes):
- Limit Order Cap: 10,000 USD per order
- Restriction Lifted: After 5 minutes
Price Limit Rules:
Closing Price-Based Limits (Initial Phase)
| Phase | Maximum Bid Price | Minimum Ask Price |
|---|---|---|
| First 1 minute | Call auction price × (1 + H) | No limit |
| 1st–Nth minute | Previous minute’s closing price × (1 + H) | No limit |
| Post-Nth minute | No limit | No limit |
Index-Based Limits (Post-Stabilization)
| Phase | Maximum Bid Price | Minimum Ask Price |
|---|---|---|
| First 10 minutes | Index × (1 + X) | Index × (1 – X) |
| Post-10 minutes | Min[Max(Index, Index (1 + Y) + 2-min avg premium), Index × (1 + Z)] | Max[Min(Index, Index × (1 – Y) + 2-min avg premium), Index × (1 – Z)] |
Note: Parameters (N, H, X, Y, Z) may adjust based on market conditions.
Spark (SPK) Project Overview
Spark is a DeFi protocol within the USDS ecosystem, enabling:
- Stablecoin yield farming
- USDS-centric money market participation
- Cross-protocol liquidity allocation
Token Metrics:
- Name: Spark
- Ticker: SPK
- Total Supply: 10,000,000,000
- Contract:
0xc20059e0317DE91738d13af027DfC4a50781b066
👉 Explore Spark’s DeFi Potential
Risk Disclosure
Digital assets are speculative and volatile. Investors may lose their entire investment. Conduct independent research and assess risk tolerance before trading.
Disclaimer: Information provided may include third-party content. OKX does not guarantee accuracy or endorse financial advice.
FAQs
1. When will SPK/USD trading start?
Spot trading begins at 12:00 pm UTC on June 17, 2025.
2. Are there initial trading restrictions?
Yes:
- Limit orders capped at 10,000 USD for the first 5 minutes.
- Price limits apply until index stabilization.
3. How does Spark integrate with DeFi?
Spark facilitates yield farming, liquidity mining, and cross-protocol investments via USDS.
4. Where can I check Spark’s contract details?
Visit Etherscan for the verified contract: 0xc20059e0317DE91738d13af027DfC4a50781b066.
5. What risks should I consider?
Market volatility, illiquidity, and total loss of capital are inherent risks in digital asset trading.
For support, contact OKX via official platforms.
Last Updated: June 16, 2025