OKX has officially announced the listing of CATI (Catizen) on its spot trading market. This guide provides a detailed overview of the trading schedule, project background, and essential information regarding the delivery of pre-market futures for the CATI token.
Trading Schedule for CATI
The following timeline outlines the key dates and times for CATI trading activities. All times are in UTC.
- Deposits Open: September 9, 2024, at 1:00 pm.
- Trading Begins: September 20, 2024, from 10:00 am (CATI/USDT pair).
- Withdrawals Open: September 21, 2024, at 10:00 am.
Please note that the schedule is subject to change. It is advisable to check the official OKX announcements for any updates.
Introduction to the Catizen Project
Catizen is an innovative gaming bot built on the Telegram platform. It seamlessly integrates with the TON blockchain, aiming to transform how users access Web3 technologies by enabling practical and user-friendly mobile payments. By leveraging Telegram's vast user base, Catizen seeks to create a massive Web3 traffic hub.
The project's vision is to evolve into a mini-app center, combining features reminiscent of a Launchpool with elements of short-form video and e-commerce. Its strategy to attract and engage a broad audience revolves around gamification and its "Play-to-Airdrop" initiatives, representing a fresh approach to user interaction within the Web3 ecosystem.
- Asset Name: Catizen
- Ticker: CATI
Understanding CATI Pre-Market Futures Delivery
For traders engaged in futures, the delivery process for CATI pre-market contracts is a critical event. Here’s what you need to know.
Delivery Timing
The delivery of pre-market futures contracts will occur approximately 3 hours after the CATI token is listed on the OKX spot market. The final delivery price is calculated based on data from a 2-3 hour window post-listing. Any changes to the original listing time will directly affect the contract delivery schedule. Traders should monitor official OKX announcements to stay informed.
Delivery Price Calculation
The delivery mechanism is designed to be fair and transparent, using a robust pricing model.
- Index Price: OKX constructs an index price using data from more than three mainstream exchanges to ensure a broad market representation.
- Final Delivery Price: This price is set as the arithmetic average of the corresponding OKX index price taken over the hour immediately preceding the delivery time. OKX reserves the right to adjust the final delivery price to a reasonable level if abnormal trading activity is detected during this crucial hour.
Important Post-Delivery Restrictions
To ensure a smooth settlement process, a temporary restriction is placed on asset transfers. Within the first 30 minutes after delivery, users holding CATIUSDT futures positions valued over $10,000 at the time of delivery will be unable to transfer assets out of their trading accounts. This restriction is automatically lifted after 30 minutes. All order history and billing records remain accessible and can be downloaded from the Order Center on the OKX website.
Risk Management and Settlement
Market volatility can be significant around these events. Traders are strongly advised to manage their risk exposure proactively by reducing leverage or closing positions in advance.
- Loss Reimbursement: In the event of an overloss upon delivery, user losses are covered by the platform's insurance fund.
- Auto-Deleveraging (ADL): Should the insurance fund be insufficient, the system will automatically reduce the positions of the most profitable users to cover the deficit.
- Settlement Fee: A standard settlement fee of 1% is applied, though this is subject to change as per official announcements.
Trading Price Limits
To maintain market stability, price limits are enforced on pre-market contracts:
After Contract Generation:
- Highest Buy Order = (1-hour Average Mid Price) × (1 + 15%)
- Lowest Sell Order = (1-hour Average Mid Price) × (1 – 15%)
Within 60 Minutes Before Delivery:
- Highest Buy Order = (Index Price) × (1 + 5%)
- Lowest Sell Order = (Index Price) × (1 – 5%)
The mid-price is calculated as (Best Bid Price + Best Ask Price) / 2, and these limits are refreshed every minute.
Frequently Asked Questions
What is the CATI token used for?
CATI is the native token of the Catizen ecosystem, a Telegram-based gaming bot. It's designed to facilitate in-game transactions, payments, and rewards within its Web3 platform, leveraging the TON blockchain for seamless operations.
How is the delivery price for CATI futures determined?
The final delivery price is calculated as the arithmetic average of the OKX index price during the hour before delivery. This index aggregates price data from multiple major exchanges to ensure a fair and market-representative value.
Are there any risks associated with trading pre-market futures?
Yes, pre-market futures can be highly volatile, especially around the listing and delivery times. Sharp price fluctuations can lead to significant gains or losses. It is crucial to employ sound risk management strategies, including using stop-loss orders and managing leverage carefully.
What happens if I hold a large position at delivery?
If your futures position value exceeds $10,000 at the moment of delivery, your ability to transfer assets out of your trading account will be temporarily restricted for 30 minutes post-delivery to ensure orderly settlement.
Where can I find more information about new token listings?
The best place to find official and timely information is directly on the exchange's announcement page. You can 👉 explore more strategies and upcoming listings to plan your trading activities.
Can the settlement fee change?
Yes, the 1% settlement fee is subject to adjustment. OKX will make any changes to this fee public through its official announcements and communications channels.
Risk Warning
Digital asset trading involves significant risk due to high price volatility. The market can become illiquid at any time, and investors could lose their entire investment. The information provided here is for educational purposes only and should not be considered financial advice. OKX does not guarantee the accuracy or completeness of this information, some of which may be sourced from third parties. Always conduct your own research (DYOR) and assess your risk tolerance before trading any digital asset. OKX is not liable for any trading losses incurred.