Dear OKX Users,
OKX is pleased to announce the official launch of MOODENGUSDT and NEIROUSDT perpetual contracts on our web platform, mobile app, and API from 3:00 PM to 3:15 PM (UTC+8) on October 3, 2024. Below are the detailed specifications:
1. Trading Schedule
- MOODENGUSDT Contract: Trading begins at 3:00 PM (UTC+8) on October 3.
- NEIROUSDT Contract: Trading begins at 3:15 PM (UTC+8) on October 3.
2. Contract Specifications
MOODENGUSDT Perpetual Contract
MOODENG is a popular meme coin inspired by Moo Deng, a beloved hippopotamus from a Thai zoo.
| Contract Details | Specifications |
|---|---|
| Underlying | MOODENG/USDT Index |
| Settlement Currency | USDT |
| Contract Face Value | 10 |
| Price Quotation | USDT price per 1 MOODENG |
| Minimum Price Movement | 0.00001 |
| Leverage | 0.01โ20x |
| Funding Fee | Clamp(MA([(Bid + Ask)/2 โ Spot Index Price]/Spot Index Price โ Interest), -1.5%, 1.5%) Interest = 0; Fees are settled intra-period. |
| Trading Hours | 24/7 |
๐ Explore MOODENG trading strategies
NEIROUSDT Perpetual Contract
Neiro is a token honoring Kabosu's (Doge'sๅๅ) newly adopted sister, a Shiba Inu.
| Contract Details | Specifications |
|---|---|
| Underlying | NEIRO/USDT Index |
| Settlement Currency | USDT |
| Contract Face Value | 1000 |
| Price Quotation | USDT price per 1 NEIRO |
| Minimum Price Movement | 0.00000001 |
| Leverage | 0.01โ50x |
| Funding Fee | Same formula as MOODENGUSDT |
| Trading Hours | 24/7 |
๐ Master NEIRO contract trading
3. Index Composition
MOODENGUSDT Index
| Exchange | Weight |
|---|---|
| Gate | 33.33% |
| MEXC | 33.33% |
| Kucoin | 33.33% |
NEIROUSDT Index
| Exchange | Weight |
|---|---|
| Binance | 50% |
| Gate | 25% |
| Kucoin | 25% |
Note: To mitigate unstable premiums post-launch, the funding rate cap is temporarily set at 0.03% until 12:00 AM (UTC+8) on October 4, reverting to 1.50% thereafter. Fees for this period will be collected at 4:00 AM (UTC+8) on October 4.
FAQ
1. When can I start trading MOODENG and NEIRO contracts?
- MOODENG: 3:00 PM (UTC+8), October 3.
- NEIRO: 3:15 PM (UTC+8), October 3.
2. What leverage is available for NEIRO contracts?
- Up to 50x leverage, offering flexible risk management.
3. How is the funding fee calculated?
- Based on the deviation between the contract mid-price and spot index, clamped at ยฑ1.5% (temporarily 0.03% at launch).
4. Are these contracts available on mobile?
- Yes, trade seamlessly via OKX App, Web, or API.
5. What exchanges contribute to the NEIRO index?
- Binance (50%), Gate (25%), Kucoin (25%).
OKX remains committed to delivering exceptional products and services.
OKX Team
October 3, 2024
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