Dear OKX Users,
OKX will officially launch EIGEN/USDT pre-launch trading (USDT-margined futures contracts) on August 29, 2024, at 06:00 PM UTC+8 across web, mobile app, and API platforms. Key details:
What Is Pre-Launch Trading?
👉 Pre-launch trading enables users to trade futures contracts for upcoming tokens before their official spot market listing. These USDT-settled contracts typically expire prior to the token's spot trading debut, providing a secure platform for price discovery.
Contract Specifications
| Contract Parameter | Detail |
|---|---|
| Underlying Index | EIGEN/USDT (reflects latest contract price) |
| Settlement Currency | USDT |
| Face Value | 1 EIGEN |
| Minimum Price Increment | 0.001 |
| Leverage Range | 0.01x–2x |
| Trading Hours | 24/7 |
| Settlement Type | Physical delivery (date TBD; announced pre-spot listing) |
Key Differences from Standard Futures
Pre-launch markets feature unique mechanisms:
1. Position Tier Limits:
| Tier | Max Open Interest | Maintenance Margin | Initial Margin | Max Leverage |
|---|---|---|---|---|
| 1 | 1,000 | 15% | 50% | 2x |
| ... | ... | ... | ... | ... |
| 12 | 20,000 | 28% | 100% | 1x |
2. User Position Caps:
| User Type | Position Limit |
|---|---|
| Unified Account Market Makers | 20,000 |
| Regular Users | 2,000 |
About EIGEN Token
EigenLayer is an Ethereum-based protocol introducing restaking, allowing ETH to be reused at consensus layer. EIGEN serves as EigenLayer's intersubjective work token.
- Full Name: Eigen
- Symbol: EIGEN
- Category: Restaking protocol token
Risk Disclosures
- Unconfirmed Tokenomics: Final token distribution remains undetermined by the project team, which may impact market prices.
- Price Volatility: Pre-launch prices reflect market demand and may differ from eventual listing prices.
- Listing Uncertainty: OKX doesn't guarantee spot market listings for pre-launch tokens.
👉 Monitor official announcements for updates on EIGEN's spot trading availability.
FAQ Section
Q: When will EIGEN futures expire?
A: Settlement occurs before EIGEN's spot listing (date TBD). OKX will announce specifics.
Q: What leverage is available for EIGEN contracts?
A: 0.01x–2x, subject to tiered margin requirements.
Q: Can I trade EIGEN futures on mobile?
A: Yes—available on OKX App, web, and API.
Note: OKX reserves the right to suspend pre-launch trading. For full terms, refer to OKX's official documentation.