Dear OKX Users,
OKX is excited to announce the upcoming listing of BABY (Babylon). Below are the detailed timelines and trading rules:
Listing Schedule
- BABY Deposit Opens: April 9, 8:00 PM (UTC+8)
- BABY Call Auction Period: April 10, 5:15 PM – 6:15 PM (UTC+8)
- BABY/USDT Spot Trading Starts: April 10, 6:15 PM (UTC+8)
- BABY Withdrawal Opens: April 11, 6:00 PM (UTC+8)
👉 Join the Babylon rewards campaign to win a share of 700,000 $BABY tokens!
Spot Trading Risk Control Rules
Order Limits:
To mitigate volatility risks during new listings, OKX implements the following restrictions for the first 5 minutes:
- Market orders are disabled.
- Maximum limit order size: $10,000 per trade.
- Maximum net position per user: $10,000.
Restrictions lift automatically after 5 minutes.
Price Limit Rules:
For new listings without stable index prices, OKX uses closing-price-based limits:
| Phase | Buy Order Max Price | Sell Order Min Price |
|-------|---------------------|----------------------|
| First minute | Call auction price × (1 + H) | No limit |
| Minutes 1–N (pre-index) | Previous minute’s close × (1 + H) | No limit |
| Post-N minutes (pre-index) | No limit | No limit |
Once index prices stabilize, index-based limits apply:
| Phase | Buy Order Max Price | Sell Order Min Price |
|-------|---------------------|----------------------|
| First 10 minutes | Index × (1 + X) | Index × (1 – X) |
| Post-10 minutes | Dynamic adjustment based on Index ± Y/Z factors |
Note: Parameters (N, H, X, Y, Z) may adjust without prior notice.
Call Auction Mechanism
The BABY/USDT listing will feature a 1-hour call auction period. Key notes:
- Order size cap: 50,000 USDT per user.
- Final 5 minutes: Orders become non-cancellable.
- The project’s reference opening price (non-binding) will display post-auction.
👉 Learn more about OKX’s call auction system.
Project Overview: Babylon
Babylon enables BTC staking, bridging BTC’s security with its holders to build crypto’s most robust community.
- Full Name: Babylon
- Ticker: BABY
BABY Pre-Launch Futures Contract Rules
1. Delivery Time
Contracts settle ~3 hours post-spot listing. Delivery timing adjusts if the listing schedule changes.
2. Delivery Price
- Index Price: Weighted average from ≥3 major exchanges.
- Settlement Price: 1-hour OKX index mean before delivery.
Note: Positions >$10,000 face 30-minute transfer restrictions post-delivery.
3. Delivery Fee Rate
1% (subject to change).
4. Price Limits
- Pre-delivery: Orders within ±15% of 1-hour mid-price average.
- Final 60 minutes: Orders within ±5% of mid-price.
Deposit USDT Now
Prepare for BABY/USDT trading by depositing USDT to your account.
OKX remains committed to delivering exceptional products and services.
OKX Team
April 9, 2025
FAQs
Q1: When can I trade BABY/USDT spot?
A: Spot trading begins April 10, 6:15 PM (UTC+8).
Q2: What are the order limits for new listings?
A: $10,000 max per limit order and net position for the first 5 minutes.
Q3: How is the futures delivery price calculated?
A: 1-hour OKX index average before settlement.
Q4: Can I cancel orders during call auction?
A: Orders become irreversible in the last 5 minutes.
Q5: Is Babylon’s opening price binding?
A: No—it’s a reference price; your order execution depends on market liquidity.
Q6: What’s the max leverage for BABY futures?
A: Standard margin rules apply; monitor position risks before delivery.
👉 Explore more trading opportunities with OKX’s advanced tools!
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