OKX is excited to announce the launch of MAJOR/USDT perpetual contracts, leverage trading, and Easy Earn products for MAJOR coin. Below are the detailed updates and rules:
Key Dates and Platforms
- MAJOR/USDT Perpetual Contracts: Live on November 28, 2024, at 9:00 PM (UTC+8) via Web, App, and API.
- Leverage Trading & Easy Earn: Available from November 29, 2024, at 12:00 PM (UTC+8).
1. Leverage Trading & Easy Earn
Leverage Trading Features:
- Trading Pair: MAJOR/USDT.
- Margin Tiers: Refer to OKX Margin Trading Tier Guidelines post-launch.
👉 Learn how leverage tiers optimize your trading strategy
Easy Earn:
- Product Rules: Details available in OKX Easy Earn Terms.
2. MAJOR/USDT Perpetual Contract Specifications
| Contract Parameter | Details |
|---|---|
| Underlying Asset | MAJOR/USDT Index |
| Settlement Currency | USDT |
| Contract Face Value | 1 |
| Price Quotation | USDT price per 1 MAJOR |
| Minimum Price Increment | 0.0001 |
| Leverage Range | 0.01–50x |
| Funding Rate Formula | Clamp(MA[(Buy + Sell Price)/2 – Spot Index]/Spot Index – Interest), where Interest = 0. Max rate: ±1.5%. |
| Trading Hours | 24/7 |
Special Notes:
Funding Rate Cap:
- 0.03% until November 29, 2024, 12:00 AM (UTC+8).
- 1.50% thereafter (first collection at 8:00 AM UTC+8 on November 29).
- Other rules (e.g., limit orders) align with standard OKX perpetual contracts. Refer to the Perpetual Contracts Guide.
FAQs
Q1: When does MAJOR leverage trading start?
A: November 29, 2024, at 12:00 PM (UTC+8).
Q2: What’s the max leverage for MAJOR contracts?
A: Up to 50x, with a minimum of 0.01x.
Q3: Are MAJOR perpetual contracts available on mobile?
A: Yes, via OKX App, Web, and API.
👉 Explore OKX’s advanced trading tools today
OKX remains committed to delivering innovative products and exceptional service. Stay tuned for more updates!
Disclaimer: This content is for informational purposes only. Trading digital assets involves risk.
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