In compliance with SingularityNET's official migration requirements, OKX will discontinue its margin trading and perpetual futures trading for AGIX. Here's everything you need to know:
1. Perpetual Futures Trading
| Perpetual Futures | Removal Time |
|---|---|
| AGIXUSDT | June 28, 2024, 8:00–9:00 AM UTC |
OKX will delist these perpetual futures contracts and terminate related trading operations. Relevant order book entries will also be canceled post-removal.
Key Details:
- Positions will be settled at the arithmetic average of the OKX index price measured 1 hour before removal.
- If index prices show abnormalities, OKX may adjust the final settlement price to a reasonable level.
- Funding rates will be set to 0 at 08:00 UTC on the removal day; no fees will be billed for this period.
👉 Manage your risk exposure proactively by reducing leverage or closing positions early.
Post-Removal Restrictions:
- For 30 minutes after removal, users with positions exceeding $10,000 USD cannot transfer assets out of their trading accounts.
- Transaction history and billing records remain accessible; download backups via OKX’s Report Center.
Risk Parameter Adjustments:
Price Limit Rules
| Period | Upper Price Limit | Lower Price Limit |
|---|---|---|
| First 10 minutes post-listing | Index × (1 + 2%) | Index × (1 - 2%) |
| After 10 minutes | Min[Max(Index, Index × (1 + 2%) + 10-min premium), Index × (1 + 5%)] | Max[Min(Index, Index × (1 - 2%) + 10-min premium), Index × (1 - 5%)] |
Adjusted Limits Before Settlement:
- 48 hours pre-settlement: X=2%, Y=2%, Z=5%
- 30 minutes pre-settlement: X=1%, Y=1%, Z=2%
Note: Price limits may adapt to market deviations.
2. Margin Trading
| Margin Trading Pairs | Loan Suspension Time | Removal Time |
|---|---|---|
| AGIX/USDT | June 26, 2024, 8:00 AM UTC | June 27, 2024, 9:00 AM UTC |
Actions Required:
- Margin trading and flexible loans will suspend at the specified times.
- Users must repay loans or collateral before delisting. Unpaid loans will trigger forced repayment.
👉 Avoid forced liquidation risks by closing positions ahead of deadlines.
3. Discount Rate Adjustments
| Asset | Tier (USD) | Previous Discount | New Discount |
|---|---|---|---|
| AGIX | 0–50,000 | 0.5% | 0% |
| >50,000 | 0% |
About Discount Rates:
Cross-currency margin accounts apply discounts to certain assets to mitigate liquidity risks. Learn more at OKX’s Discount Rate Hub.
FAQs
Why is OKX delisting AGIX pairs?
To align with SingularityNET’s migration protocol, ensuring compliance and user protection.
Can I trade AGIX after removal?
No. Margin and perpetual futures trading will be discontinued permanently.
How are forced repayments processed?
Outstanding loans are auto-repaid at delisting time using collateral.
Where can I access post-delisting data?
Download records from OKX’s Report Center under "Order History."
Will price limits change during volatility?
Yes, OKX may dynamically adjust limits based on real-time market conditions.
OKX Team
June 26, 2024
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