We're excited to announce that USDT-margined pre-market futures for CATI will be available starting September 5, 2024, at 08:00 CEST. This update applies to web and app interfaces as well as API integrations.
What Are Pre-Market Futures?
OKX Pre-Market Futures allow trading of expiring futures for cryptocurrencies before their official launch. These contracts:
- Use USDT margins
- Typically settle 3 hours after the crypto's spot market listing
- Provide a secure platform for price discovery of new digital assets
👉 Discover how pre-market futures work
CATI Pre-Market Futures Contract Details
| Feature | Specification |
|---|---|
| Underlying Asset | CATI/USDT Index |
| Settlement Currency | USDT |
| Contract Size | 10 CATI |
| Pricing | Based on USDT price of 1 CATI |
| Tick Size | 0.0001 |
| Leverage Range | 0.01x - 2x |
| Trading Hours | 24/7 |
| Contract Type | Expiring Futures |
| Delivery Time | To be announced post-spot listing |
Position Limit Structure
Tiered Position Limits
| Tier | Max Open Positions | OMR | IMR | Max Leverage |
|---|---|---|---|---|
| 1 | 1,000 | 15% | 50% | 2x |
| ... | ... | ... | ... | ... |
| 12 | 20,000 | 28% | 100% | 1x |
User-Specific Limits
| User Type | Position Limit |
|---|---|
| USDT-Margined Futures DMM | 20,000 |
| Non-USDT Margined Futures | 2,000 |
About Catizen (CATI)
Catizen is an innovative Telegram gaming bot integrating with the TON blockchain, transforming Web3 access through:
- Simplified mobile payments
- Gamification strategies
- Play-to-Airdrop initiatives
The platform aims to become a Web3 traffic hub handling hundreds of billions of interactions.
Key Risk Considerations
- Unconfirmed Tokenomics: Total CATI supply remains uncertain pending project team confirmation.
- Price Volatility: Pre-market prices reflect speculative demand and may differ from spot listing prices.
- Listing Uncertainty: Futures trading doesn't guarantee eventual spot market listing.
FAQ
When will CATI spot trading begin?
Spot listing typically occurs within 3 hours after futures delivery confirmation. Exact dates will be announced separately.
What's the contract multiplier?
Each contract represents 10 CATI tokens at the index price.
Can I withdraw CATI from futures contracts?
No, these are cash-settled derivatives. Physical CATI tokens become available only after spot listing.
How are margin requirements calculated?
Initial Margin (IMR) ranges from 50%-100% depending on position tier. Open Margin (OMR) starts at 15%.
What happens if CATI isn't listed?
OKX may cancel unsettled contracts and refund margins if spot listing doesn't occur within expected timelines.