OKX has announced the listing of J (Jambo) on its spot trading platform. Below are the key details:
Listing Schedule
- Deposits Open: 9:00–10:00 UTC, January 22, 2025.
- Spot Trading Launch: J/USDT trading begins at 10:00 UTC, January 22, 2025.
- Withdrawals Available: From 10:00 UTC, January 23, 2025.
Trading Rules
To mitigate volatility risks during the initial trading phase, OKX implements the following order restrictions for the first 5 minutes:
- Market orders: Disabled.
- Limit orders: Maximum order value capped at $10,000 USD.
These restrictions will be lifted after 5 minutes.
Price Limits
If a spot index is available for the trading pair, OKX enforces price limits:
| Phase | Maximum Price Limit | Minimum Price Limit |
|-------------------------------------|-------------------------------|-------------------------------|
| First 10 minutes post-listing | Index × (1 + X) | Index × (1 - X) |
| After 10 minutes post-listing | Min[max(index, index × (1 + Y) + 2-min avg premium), index × (1 + Z)] | Max[min(index, index × (1 - Y) + 2-min avg discount), index × (1 - Z)] |
Note: Parameters X, Y, Z adjust based on market conditions.
Call Auction Mechanism
The J/USDT spot listing will utilize a 1-hour call auction to determine the opening price.
👉 Learn more about OKX’s call auction process
Key points:
- Orders are matched algorithmically during the auction.
- The project team’s suggested opening price (for reference only) is displayed post-auction.
- Auction results do not affect actual trade execution prices.
Project Overview: Jambo
Jambo aims to build the world’s largest mobile-focused crypto network, starting with the JamboPhone.
- Asset Name: Jambo
- Ticker: J
- Mission: Democratize crypto access via affordable devices.
How to Trade
- Deposit USDT to prepare for J/USDT trading.
- Monitor the OKX Spot Market for real-time updates.
FAQs
Q: When does J/USDT spot trading start?
A: 10:00 UTC, January 22, 2025.
Q: Are market orders allowed immediately after listing?
A: No—only limit orders ($10,000 max) for the first 5 minutes.
Q: What is Jambo’s long-term vision?
A: To expand crypto adoption through mobile technology.
Risk Disclosure
Digital assets are speculative and highly volatile. Conduct independent research and assess risks before trading. OKX disclaims liability for trading losses.
👉 Visit OKX Support for inquiries.
Last Updated: January 2025