Dear OKX Users,
OKX is excited to announce the listing of BABY (Babylon) with the following schedule:
Listing Schedule
- BABY Deposit Opens: April 9, 8:00 PM (UTC+8)
- BABY Pre-Launch Period: April 10, 5:15 PM – 6:15 PM (UTC+8)
- BABY/USDT Spot Trading Starts: April 10, 6:15 PM (UTC+8)
- BABY Futures Contracts Expiry: April 11, 6:00 PM (UTC+8)
👉 Join the Babylon rewards event to win a share of 700,000 $BABY tokens!
Spot Trading Risk Control Rules
Order Restrictions
To mitigate volatility risks during new token listings, OKX enforces these protections for the first 5 minutes:
- Market orders are disabled.
- Maximum limit order size: $10,000 per trade.
- Maximum net position per user: $10,000.
Restrictions lift automatically after 5 minutes.
Price Limit Rules
When index prices are unstable, platforms use closing-price-based limits:
Closing-Price-Based Limits
| Stage | Buy Order Max Price | Sell Order Min Price |
|-------|----------------------|-----------------------|
| First minute post-listing | Auction price × (1 + H) | No limit |
| Minutes 1–N (pre-index) | Previous minute’s close × (1 + H) | No limit |
| Post-N minutes (pre-index) | No limit | No limit |
Index-Based Limits
| Stage | Buy Order Max Price | Sell Order Min Price |
|-------|----------------------|-----------------------|
| First 10 minutes | Index × (1 + X) | Index × (1 – X) |
| After 10 minutes | Adjusted dynamic bounds | Adjusted dynamic bounds |
Parameters (N, H, X, Y, Z) are subject to change without notice.
About the Auction Mechanism
BABY/USDT spot listing will use a 1-hour auction period. Key features:
- Order size cap: 50,000 USDT per user.
- Final 5 minutes: Orders become unmodifiable.
- Post-auction, the project’s suggested opening price (for reference only) becomes the starting trade price.
Project Overview
Babylon enables BTC staking, bridging BTC’s security with its holders to build crypto’s largest community.
- Full Name: Babylon
- Ticker: BABY
👉 Track BABY’s real-time price.
Futures Contract Details
1. Settlement Time
Pre-launch contracts settle ~3 hours post-spot listing. Settlement price is calculated 2–3 hours after spot launch.
2. Settlement Price
- Index Price: Weighted average from 3+ major exchanges.
- Settlement Price: 1-hour arithmetic mean of OKX’s index before expiry. Adjustments may apply for market anomalies.
3. Settlement Fee
1% fee (subject to change).
4. Price Limits
- Pre-Settlement: Orders within ±15% of 1-hour mid-price average.
- Final 60 Minutes: Orders within ±5% of 1-hour mid-price average.
Deposit USDT
Fund your account with USDT to prepare for BABY/USDT trading.
FAQ
Q1: When does BABY spot trading start?
A1: April 10, 6:15 PM (UTC+8).
Q2: Are market orders allowed initially?
A2: No—only limit orders ($10,000 max) for the first 5 minutes.
Q3: How is the futures settlement price determined?
A3: 1-hour average of OKX’s index before expiry.
Q4: What’s the auction order size limit?
A4: 50,000 USDT per user.
Q5: Can I modify orders during the auction’s final 5 minutes?
A5: No—orders become locked.
OKX is committed to delivering exceptional products and services.
OKX Team
April 9, 2025