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OKX to list perpetual futures for FARTCOIN, AI16Z crypto
We are pleased to announce that USDT-margined perpetual futures for FARTCOIN, AI16Z will be enabled at 4:00 am - 4:15 am UTC on December 20, 2024.
The updates will cover both the web and app interfaces as well as the API. The details are as follows:
I. Listing schedule
FARTCOIN/USDT perpetual futures trading will open at 4:00 am UTC on December 20, 2024.
AI16Z/USDT perpetual futures trading will open at 4:15 am UTC on December 20, 2024.
II. Perpetual futures trading
FARTCOINUSDT perpetual futures:
Fartcoin is a token mentioned in the backroom of Truth Terminal, an autonomous chatbot created by AI researcher Andy Ayrey.
Asset name: Fartcoin
Ticker: FARTCOIN
Website: https://www.infinitebackrooms.com/dreams/conversation-1721540624-scenario-terminal-of-truths-txt
Twitter: https://x.com/FartCoinOfSOL
Features | Details |
Underlying | FARTCOIN/USDT index |
Settlement crypto | USDT |
Face value | 1 |
Price quotation | 1 FARTCOIN value calculated in USDT equivalent |
Tick size | 0.0001 |
Leverage | 0.01-50x |
Funding fee | Clamp(MA([(Best bid Best offer) / 2 – Spot index price] / Spot index price – Interest), -1.5%, 1.5%), Interest = 0 Note: Funding fees are received and deducted based on the current period. |
Funding interval | 4 hours |
Trading hours | 24/7 |
AI16ZUSDT perpetual futures:
AI16Z is the first venture capital firm led by Al agents. Its team of Al leaders is dedicated to shaping the future of AI. They connect Al entrepreneurs, investors, and experts, fostering growth in a rapidly evolving ecosystem.
Asset name: ai16z
Ticker: AI16Z
Website: https://elizaos.ai/
Twitter: https://x.com/ai16zdao
Features | Details |
Underlying | AI16Z/USDT index |
Settlement crypto | USDT |
Face value | 1 |
Price quotation | 1 AI16Z value calculated in USDT equivalent |
Tick size | 0.0001 |
Leverage | 0.01-50x |
Funding fee | Clamp(MA([(Best bid Best offer) / 2 – Spot index price] / Spot index price – Interest), -1.5%, 1.5%), Interest = 0 Note: Funding fees are received and deducted based on the current period. |
Funding interval | 4 hours |
Trading hours | 24/7 |
Note: To avoid unreasonable fees arising from significant premium fluctuations of newly launched futures, the upper limit of the funding fee before 4:00 pm UTC on December 20, 2024 is 0.03%. After 4:00 pm UTC on December 20, 2024, the upper limit of the predicted funding fee will be adjusted back to the regular rate of 1.5%. (The funding fee for this period will be charged at 8:00 pm UTC on December 20, 2024.)
The price limit rules of FARTCOIN, AI16Z USDT-margined perpetual futures trading are the same as those of other currencies. Please refer to our perpetual futures trading guides for further details.
USDT-margined perpetual futures trading: OKX Perpetual Futures Trading User Agreement
OKX team
December 20, 2024
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