1. What Are Pre-Sale Futures?
OKX’s pre-sale futures enable users to trade futures contracts for cryptocurrencies that haven’t been officially launched yet. These futures are settled in USDT.
👉 Discover how pre-sale futures work
2. How Is the Delivery Price Determined for Pre-Sale Futures?
Scenario 1: Cryptocurrency Launches as Planned
- Index Price: OKX aggregates prices from 3+ major exchanges.
- Delivery Price: Calculated as the arithmetic average of the contract’s last traded price 1 hour before settlement. Abnormal price fluctuations may prompt manual adjustments.
Scenario 2: Project Cancellation or Delayed Launch
- Delivery Price = Tick size.
- Estimated Settlement Price = Average circulating index price over the last hour (updated every 200ms).
- OKX may include additional exchange prices in the index.
3. What Is the Delivery Date for Pre-Sale Futures?
- If the token lists on OKX Spot: Settlement occurs 3 hours post-listing (exact date announced separately).
- If the project cancels the token: Futures may be delisted early (date announced separately).
- API Users: Monitor the
expTimefield via real-time/periodic queries, as delivery dates are subject to change.
4. What Are the Trading Fees for Pre-Sale Futures?
Fees match standard futures contracts.
5. What Is the Settlement Fee for Pre-Sale Futures?
A 1% settlement fee applies. Adjustments will be announced if needed.
👉 Learn more about fee structures
6. Do Pre-Sale Futures Affect the Token’s Final Listing Price?
Pre-sale prices reflect market sentiment but may not predict the actual listing price. External factors (e.g., project updates, market conditions) influence final pricing independently.
7. OpenAPI Changes
The Instruments API now includes a ruleType field:
normal: Regular trading.pre_market: Pre-sale futures.
FAQs
Q: Can I trade pre-sale futures after a token launches?
A: No. Positions are settled upon token listing or project cancellation.
Q: Are pre-sale futures high-risk?
A: Yes, due to uncertainty around project delivery and market volatility.
Q: How is liquidity managed for these futures?
A: OKX ensures liquidity through indexed pricing and multi-exchange data.
Q: What happens if a project delays its token launch?
A: Futures may be delisted, and users notified via official announcements.
Q: Are there leverage options for pre-sale futures?
A: Leverage rules align with standard futures (check OKX’s terms).
Q: How are index prices protected from manipulation?
A: OKX uses weighted averages from reputable exchanges and monitors anomalies.
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