Listing Timeline and Trading Rules
OKX has announced the listing of SONIC (Sonic SVM) for spot trading, marking a significant addition to its Solana-based asset offerings. Below is the detailed schedule:
Key Dates:
- Deposits Open: January 2, 2025, at 12:30 pm UTC
- Call Auction: January 7, 2025 (11:00 am – 12:00 pm UTC)
- Spot Trading Begins: January 7, 2025, at 12:00 pm UTC (SONIC/USDT pair)
- Withdrawals Open: January 7, 2025, at 4:00 pm UTC
Trading Rules at Launch:
Order Limits (First 5 Minutes):
- Market orders prohibited.
- Limit orders capped at $10,000 USD per order.
Price Limits:
- Dynamic bounds based on spot indices (see table below).
| Phase | Highest Price Limit | Lowest Price Limit |
|---|---|---|
| First 10 mins | Index × (1 + X) | Index × (1 - X) |
| Post 10 mins | Min/Max bounds adjust per market conditions |
Note: Parameters (X, Y, Z) are calibrated to market volatility.
👉 Deposit SONIC to your OKX wallet now
About SONIC (Sonic SVM)
Project Overview:
Sonic SVM is the first SVM (Scalable Virtual Machine) launched on Solana, focusing on merging Web3 with mainstream social platforms like TikTok. It also serves as a leading gaming ecosystem within the Solana network.
Token Details:
- Name: Sonic SVM
- Ticker: SONIC
- Total Supply: 2.4 billion
- Contract:
SonicxvLud67EceaEzCLRnMTBqzYUUYNr93DBkBdDES
Preparing for Trading
To participate in SONIC/USDT trading:
- Deposit USDT into your OKX account.
- Review the risk disclosure below before trading.
👉 Learn how to deposit USDT securely
Risk Disclaimer
Digital assets are speculative and volatile. OKX does not guarantee accuracy in third-party data. Conduct independent research and assess risks before trading. OKX is not liable for trading losses. Refer to OKX’s Terms of Service for full details.
FAQ
1. What is a call auction?
A call auction aggregates buy/sell orders before trading begins, determining an opening price based on submissions. SONIC’s auction lasts 1 hour.
2. Can I place market orders immediately after listing?
No—market orders are disabled for the first 5 minutes to mitigate volatility.
3. Where can I check SONIC’s price?
Track real-time prices on OKX’s SONIC price page.
4. Are there withdrawal limits for SONIC?
Withdrawals open at 4:00 pm UTC on January 7, 2025, with standard network fees.
5. How is the opening price calculated?
The indicative price derives from the call auction. The project team’s suggested price (displayed post-auction) is informational only.
For further assistance, contact OKX Support or connect via official social channels.
Last Updated: January 2, 2025