OKX is pleased to announce the listing of BABY (Babylon) on its spot trading market. Key details are outlined below:
Listing Schedule
- Initial Trading: BABY spot trading opens at 19:00 (UTC+7) on April 9, 2025.
- Periodic Auction: Runs from 16:15 to 17:15 (UTC+7) on April 10, 2025.
- Spot Market Launch: The BABY/USDT trading pair goes live at 17:15 (UTC+7) on April 10, 2025.
- Extended Trading: Resumes at 17:00 (UTC+7) on April 11, 2025.
👉 Join the Babylon Trading Event to compete for a share of the 700,000 $BABY prize pool!
Spot Market Risk Control Rules
Order Limits
To mitigate volatility during new token listings, OKX enforces the following restrictions for the first 5 minutes after spot trading begins:
- Market orders are disabled.
- Limit orders are capped at $10,000 per order.
- Net position limits are set at $10,000 per user.
Restrictions lift automatically after 5 minutes.
Price Limit Rules
For newly listed tokens without stable index pricing, OKX applies dynamic limits based on closing prices or indices:
Closing Price-Based Limits
| Phase | Max Bid Price | Min Ask Price |
|-------|--------------|--------------|
| First minute post-listing | Periodic auction match price × (1 + H) | No limit |
| Minutes 1–N (until index stabilization) | Previous minute’s closing price × (1 + H) | No limit |
| After minute N | No limit | No limit |
Index-Based Limits
| Phase | Max Bid Price | Min Ask Price |
|-------|--------------|--------------|
| First 10 minutes post-listing | Index × (1 + X) | Index × (1 – X) |
| After 10 minutes | Min[Max(Index, Index × (1 + Y) + 2-min avg price deviation), Index × (1 + Z)] | Max[Min(Index, Index × (1 – Y) + 2-min avg price deviation), Index × (1 – Z)] |
Parameters (N, H, X, Y, Z) may adjust without prior notice based on market conditions.
👉 Real-time trading rules are available for reference.
Periodic Auction Mechanism
The BABY/USDT spot listing will use a 1-hour periodic auction to determine the opening price:
- Users submit buy/sell orders at desired prices before continuous trading begins.
- Order size is capped at 50,000 USDT per user.
- Final 5 minutes: Orders cannot be modified or canceled.
Post-auction, OKX displays the project team’s suggested opening price (for reference only; does not affect executed trade prices).
Project Overview: Babylon
Babylon is a Bitcoin staking protocol linking the Bitcoin Secured Network to holders, offering direct access to crypto’s most robust community.
- Asset Name: Babylon
- Ticker: BABY
Pre-Market Futures Contract Details
1. Delivery Timeline
Contracts settle 3 hours post-spot listing, with delivery prices determined 2–3 hours after listing. Adjustments follow official announcements.
2. Settlement Price
- Index Price: Aggregated from ≥3 major exchanges.
- Settlement Price: Average of OKX’s index price over the hour preceding delivery. Abnormal prices may be adjusted for fairness.
Note: Users holding >$10,000 in BABYUSDT futures at delivery face 30-minute withdrawal restrictions.
3. Settlement Fee
- 1% fee (subject to change).
4. Price Limits
After pre-market contract creation:
- Max bid = 1-hour mid-price average × 1.15
- Min ask = 1-hour mid-price average × 0.85
Final 60 minutes pre-delivery:
- Max bid = Index × 1.05
- Min ask = Index × 0.95
Mid-price = (best bid + best ask) / 2, updated每分钟.
Deposit USDT
Prepare for BABY/USDT trading by depositing USDT.
FAQs
1. When does BABY spot trading start?
- April 9, 2025, at 19:00 (UTC+7).
2. What are the order limits for new listings?
- $10,000 per limit order, $10,000 net position, and no market orders for 5 minutes.
3. How is the futures delivery price calculated?
- Average of OKX’s index price over the hour before delivery.
4. Can I withdraw immediately after futures delivery?
- Large positions (>$10,000) face 30-minute withdrawal locks.
5. What’s the settlement fee for futures?
- 1% (may vary).
Risk Warning: Digital assets are volatile. Conduct independent research and assess your risk tolerance. OKX disclaims liability for trading losses.
For inquiries, contact OKX support via official channels.
👉 Explore Babylon Trading today!
OKX Team
April 9, 2025