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      OKX Akan Menghadirkan Perpetual Futures Untuk Kripto INIT

      We are pleased to announce that USDT-margined perpetual futures for INIT will be enabled at 11:30 am UTC on April 24, 2025. The updates will cover both the web and app interfaces as well as the API. The details are as follows:


      I. Listing schedule

      • INIT/USDT perpetual futures trading will open at 11:30 am UTC on April 24, 2025.


      II. Perpetual futures trading

      INIT perpetual futures:

      Initia is an L1 blockchain that unites appchains to unlock their full value through interwoven infrastructure and aligned economics.

      • Asset name: Initia

      • Ticker: INIT

      • Website:https://initia.xyz/

      • Official X: https://x.com/initia

      Features

      Details

      Underlying

      INIT/USDT index

      Settlement crypto

      USDT

      Face value

      10

      Price quotation

      1 INIT value calculated in USDT equivalent

      Tick size

      0.0001

      Leverage

      0.01-20x

      Funding rate

      clamp [Average premium index clamp (Interest rate – Average premium index, 0.05%, -0.05%), 1.50%, -1.50%]

      For average premium index and interest rate calculations, refer to our product documentation

      Funding fee settlement interval

      4 hours

      Trading hours

      24/7

      Note: To avoid unreasonable fees arising from significant premium fluctuations of a newly launched contract, the upper limit of the funding fee before 4:00 pm UTC on April 24, 2025 is 0.5%. After 4:00 pm UTC on April 24, 2025, 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 April 24, 2025.) If there is a deviation from the contract price, the funding fee limit will be adjusted according to market conditions.


      The price limit rules of INIT 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

      April 24, 2025

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