The highly anticipated listing of Magic Eden’s $ME token on OKX has been adjusted, with updated timelines now confirmed for spot trading, pre-market futures, and withdrawal availability. While the original schedule has shifted slightly, traders and investors can still prepare for a structured and secure market entry. Below is a comprehensive overview of the revised timeline, trading rules, project insights, and risk management protocols to help you navigate this launch confidently.
Updated Listing Schedule
OKX has announced the following revised timeline for the ME token launch:
1. Call Auction Phase
The call auction for ME will take place from 8:30 PM to 9:30 PM on December 10, 2024 (Vietnam Time). This mechanism allows for fair price discovery by collecting buy and sell orders before the official trading begins.
2. Spot Trading Launch
Spot trading for the ME/USDT pair will officially go live at 9:30 PM on December 10, 2024 (Vietnam Time). This marks the start of continuous trading on the OKX spot market.
3. Withdrawal Availability
ME withdrawals will be enabled at 10:00 AM on December 11, 2024 (Vietnam Time), allowing users to transfer their tokens to external wallets or other platforms.
👉 Discover how to prepare for the ME token launch and maximize your trading opportunities
Spot Trading Opening Rules
To ensure market stability and protect traders from extreme volatility during the initial phase, OKX will implement temporary restrictions for the first 5 minutes of spot trading:
- Market orders are disabled – Users cannot place market buy or sell orders during this period.
- Limit order cap – Each limit order is restricted to a maximum value of $10,000.
These safeguards are designed to prevent flash crashes or artificial price spikes caused by large, uncontrolled orders. After the initial 5-minute window, all restrictions will be lifted, and normal trading conditions will resume.
About the Magic Eden Project
Magic Eden is a leading cross-chain NFT marketplace that aims to become the foundational infrastructure for decentralized applications (DApps) across multiple blockchains. The $ME token plays a central role in this vision by enabling seamless multi-chain NFT trading and fostering ecosystem growth.
Key Token Details:
- Asset Name: Magic Eden
- Ticker: ME
- Total Supply: 1,000,000,000 ME
The $ME token is designed to support Magic Eden’s strategic push toward becoming a universal hub for NFT activity, attracting users from various public blockchains and enabling frictionless cross-chain interactions—all within a single unified platform.
As adoption of NFTs and blockchain-based digital assets continues to grow, projects like Magic Eden are positioned at the forefront of innovation in Web3 infrastructure.
Pre-Market Futures Launch
In addition to spot trading, OKX will introduce pre-market futures contracts for ME, allowing traders to gain early exposure before official listing.
1. Delivery Timing
Futures contracts will be settled 2.5 hours after the ME token is listed on the spot market. The final settlement price will be determined based on index data collected within 2–3 hours post-listing. Any changes to the listing time will automatically adjust the delivery schedule accordingly.
2. Settlement Price Calculation
- Index Price: Derived from data across more than three major exchanges to ensure accuracy and fairness.
- Final Delivery Price: Calculated as the average of the OKX index price during the last hour before settlement.
- In cases of abnormal price movements, OKX reserves the right to adjust the final price to a reasonable level to maintain market integrity.
Risk Management Measures
- For the first 30 minutes after settlement, users holding futures positions valued over $10,000 (based on MEUSDT contract value) will face temporary withdrawal restrictions.
- These restrictions are lifted after 30 minutes, restoring full access to funds.
- Trade history and settlement records remain accessible via the OKX Order Center for data backup.
👉 Learn how pre-market futures can enhance your trading strategy with early market entry
Risk Warnings and Fee Structure
Payment Fee
A 1% payment fee applies to futures settlements. This rate is subject to change with prior notice.
Price Limits
To prevent manipulation during pre-market trading:
During regular pre-market phase:
- Max buy order = Average price × (1 + 15%)
- Min sell order = Average price × (1 – 15%)
Within 60 minutes of delivery:
- Max buy order = Index price × (1 + 5%)
- Min sell order = Index price × (1 – 5%)
The mid-price is calculated every minute as:
(Best bid + Best ask) / 2
Risk Management Advisory
Digital assets are highly speculative and subject to extreme volatility. Liquidity may dry up suddenly, and investors could lose their entire investment. OKX emphasizes that:
- Some information provided may originate from third parties and is for informational purposes only.
- It does not constitute financial advice, investment recommendations, or an offer to buy or sell any asset.
- This content may not be suitable for all jurisdictions or individuals.
Before trading any digital asset, conduct thorough research and assess your personal risk tolerance. OKX is not liable for any losses incurred from trading activities.
Frequently Asked Questions (FAQ)
Q: Why was the ME listing delayed?
A: While OKX has not disclosed specific reasons, such adjustments are common to ensure optimal market conditions, technical readiness, and regulatory compliance.
Q: Can I trade ME immediately after the call auction?
A: Yes, spot trading begins right after the call auction ends—at 9:30 PM on December 10, 2024 (Vietnam Time).
Q: Are there any fees for depositing or trading ME?
A: Deposits are typically free. Trading fees follow OKX’s standard fee structure. A 1% payment fee applies to futures settlements.
Q: What happens if I hold a large futures position at settlement?
A: Positions exceeding $10,000 in value will have withdrawal restrictions for 30 minutes post-settlement to prevent systemic risk.
Q: How is the settlement price protected from manipulation?
A: OKX uses a multi-exchange index and can adjust prices if anomalies occur during the final hour.
Q: Where can I view my trade history after settlement?
A: All records are available in the Order Center on the OKX website for download and review.
Get Ready to Trade
Prepare for the ME/USDT spot launch by ensuring your account is funded with USDT. Early preparation allows you to participate in the call auction and initial trading phase with confidence.
👉 Start trading now and position yourself ahead of major crypto launches