OKX Announces Listing of KAITO for Spot Trading – BitRss

OKX will list KAITO on its spot trading markets, with deposits starting on February 19, 2025.
A call auction for KAITO/USDT ($1.00) will occur on February 20, 2025, followed by the opening of spot trading.
Initial trading restrictions include a $10,000 limit on orders and net positions to manage volatility.
Kaito AI aims to enhance market efficiency with its AI-powered InfoFi network.

OKX has announced the listing of KAITO (Kaito) on its spot trading markets. The listing process will begin with KAITO deposits opening at 10:00 am UTC on February 19, 2025. A call auction for KAITO will take place from 12:00 pm to 1:00 pm UTC on February 20, 2025, followed by the opening of KAITO/USDT spot trading at 1:00 pm UTC the same day. Withdrawals for KAITO will be available starting at 2:00 am UTC on February 21, 2025.

During the initial phase of spot trading, OKX will implement specific order limits to manage price volatility. For the first five minutes, market orders will not be allowed, and each limit order must not exceed $10,000 in value. Additionally, each user’s maximum net position size is capped at $10,000. These restrictions will be lifted after the initial five minutes of trading.

Call Auction Mechanism and Trading Rules

The call auction mechanism will be utilized for the spot listing of KAITO/USDT. This mechanism allows users to submit buy and sell orders at desired prices before the trading pair officially begins trading. The call auction will last for one hour, and during this period, the total value of each user’s buy orders must not exceed $50,000. In the last five minutes of the call auction, users can place orders but cannot cancel or modify them.

Following the call auction, OKX will display the project team’s opening price as the initial price on the trading chart. This price, provided by the token project team, is for informational purposes only and does not affect the execution prices of orders.

About Kaito AI

Kaito AI is developing an AI-powered InfoFi network aimed at redistributing market attention and capital more efficiently while rewarding participants. The asset name is Kaito, with the ticker KAITO, and a total supply of 1,000,000,000 tokens. More information about the KAITO price can be found here.

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