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OKX Lists PROMPT (Wayfinder) for Spot Trading

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1. Deep analysis of the Article Content:

Central Theme: The article announces the upcoming listing of the PROMPT (Wayfinder) token on the OKX exchange, detailing the listing timeline, risk management measures, project overview, and user planning steps.

Key Arguments/Points:

Complete listing timeline (deposits, call auction, spot trading, withdrawals).

description of the call auction mechanism and its rules.

Risk control measures (order limits, price limits) to mitigate volatility.

Brief project introduction to Wayfinder and PROMPT’s utility.

Emphasis on preparing for trading by depositing USDT.

Crucial risk warning about digital asset trading.

Contact information for support.

Unique Selling Points: the article provides a step-by-step guide to participating in the PROMPT listing on OKX, which is valuable information for potential traders.The focus on risk management and the explanation the call auction are crucial for informed decision-making.

Target Audience: The target audience is existing OKX users, cryptocurrency traders, and investors interested in participating in the PROMPT listing or learning about the Wayfinder project.

Likely User Intent:

Users want to know when they can start trading PROMPT on OKX.

Users want to understand the listing process, including the call auction.

Users want to be informed about the safety measures in place.

Users want to learn more about the Wayfinder project.

2. Identifying Core Topic & Primary Keyword:

Core Topic: The listing of PROMPT (Wayfinder) on OKX.

Primary Keyword: “PROMPT OKX listing” or “Wayfinder OKX Listing” (The shorter term is most likely to be used, and covers the topic thoroughly)

3. the SEO-optimized Introductory Paragraph:

Get ready to trade PROMPT (Wayfinder) on OKX! This article unveils the complete PROMPT OKX listing timeline, from deposit launch to spot trading and withdrawals, ensuring you’re fully prepared. Learn about the crucial call auction phase, risk mitigation measures, and how to navigate the listing with confidence – all while avoiding the common pitfalls. Keep reading for a comprehensive guide to kickstarting your PROMPT trading journey!

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hook: The sentence “Get ready to trade PROMPT (Wayfinder) on OKX!” is direct and attention-grabbing. It instantly grabs the reader’s attention with an action-oriented tone.

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Setting the Stage: The phrase “comprehensive guide to kickstarting your PROMPT trading journey” encourages readers to continue reading the full article.

* Clarity and Conciseness: The intro is concise and easy to understand, using active verbs for heightened engagement.

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OKX to List PROMPT (wayfinder) on Spot Trading Markets

Key Takeaways

  • Listing Date: PROMPT/USDT spot trading begins apr. 10, 2025, at 1:00 p.m. UTC.
  • Deposit & Withdrawal: Deposits open Apr. 9, 2025, at 2:00 a.m.UTC; withdrawals open Apr. 11, 2025, at 10:00 a.m. UTC.
  • Call Auction: A call auction will precede spot trading,running from 12:00 p.m. to 1:00 p.m. UTC on Apr. 10, 2025.
  • Risk Controls: Initial order limits and price limits will be in place to manage market volatility.

Listing timeline: A Detailed Breakdown

OKX has announced teh listing of PROMPT (Wayfinder) on its spot trading markets,with a structured timeline to ensure a smooth launch.

  1. Deposit launch: Deposits for PROMPT will be enabled starting at 2:00 a.m.UTC on Apr. 9,2025. This allows users to prepare their accounts in advance of trading.
  2. Call Auction Phase: A call auction, a mechanism designed to determine an initial price based on aggregated buy and sell orders, will occur from 12:00 p.m. to 1:00 p.m. UTC on Apr. 10, 2025. This process helps establish a fair market value before continuous trading begins.
  3. Spot Trading Commencement: PROMPT/USDT spot trading will officially open at 1:00 p.m. UTC on Apr. 10, 2025.Traders can then execute buy and sell orders in real-time.
  4. Withdrawal Availability: withdrawals for PROMPT will be available starting at 10:00 a.m. UTC on Apr.11,2025,allowing users to move their assets off the exchange.

navigating the Call Auction Mechanism

The call auction is a critical phase for price discovery. OKX uses this mechanism to aggregate buy and sell orders, calculating an indicative opening price based on thes submissions. This process aims to establish a fair market value before continuous trading commences.

To maintain market integrity, OKX has implemented specific rules for the call auction:

  • the total value of each user’s buy orders during the call auction must not exceed $50,000.
  • During the last five minutes of the call auction, users can place orders but cannot cancel or modify them.

For more detailed information on the rules, users can visit the OKX Call Auction Mechanism page.

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 Wayfinder team, is based on their project valuation and is for informational purposes only. It does not impact the prices at which users execute orders.

Spot Market Opening: Risk Control Measures

To mitigate market volatility during the initial listing phase, OKX will implement specific order limits for the frist five minutes after spot trading begins.

  • Market orders will not be permitted.
  • The maximum amount per limit order is capped at $10,000.
  • The maximum net position per user is also limited to $10,000.

These restrictions will be lifted five minutes after trading commences, allowing for more flexible trading conditions.

Price Limit Rules: Ensuring Market Stability

OKX employs price limit rules to prevent extreme price fluctuations, especially when a newly listed cryptocurrency lacks a stable index price. Initially, the platform will use closing price-based limits, transitioning to index-based limits once a stable index price is available.

Closing Price-Based Limit Calculation Rules

Phase Maximum Bid price Minimum Ask Price
Within the first 1 minute of listing Call auction’s execution price × (1 + H) No limit
From the 1st – Nth minutes (until index is available) Previous minute’s closing price Ă— (1 + H) No limit
After the Nth minute (until index is available) No limit No limit

Index-Based Limit Calculation Rules

Phase Maximum Bid Price Minimum Ask Price
Within the 10 minutes of listing Index × (1 + X) Index × (1 – X)
After the first 10 minutes of listing Min[Max(Index, Index (1 + Y) + Avg premium in the last 2 mins), Index × (1 + Z)] Max[Min(Index, Index × (1 – Y) + Avg premium in the last 2 mins), Index × (1 – Z)]

OKX reserves the right to adjust the parameters N, H, X, Y, Z or switch limit price calculation methods based on market conditions without prior notice. for real-time rules, please visit /trade-market/info/spot.

Project Introduction: Wayfinder

Wayfinder is described as a collection of AI agents that seamlessly transact across multiple chains, execute smart contract functions, and complete algorithmic trades on-chain. This positions PROMPT as a utility token within a broader ecosystem focused on decentralized AI applications.

Preparing for Trading: deposit USDT

Users are encouraged to deposit USDT into their OKX accounts to prepare for PROMPT/USDT spot trading. This ensures they can participate as soon as trading commences.

Risk Warning

Disclaimer: The preceding information, some of which may be provided by third parties and not OKX, is for informational purposes only. OKX does not guarantee the accuracy or completeness of any information contained herein and such information does not constitute any representation, warranty or any financial, investment or other form of advice by OKX.Such information may not be suitable for all persons; it should not be relied upon in connection with a particular investor’s trading; and, is not intended to be, nor should be construed as, an offer, proposal or solicitation. Such information is also not intended for persons who reside in jurisdictions where providing such information would violate the laws or regulations of such jurisdiction.Digital assets are highly speculative and subject to high volatility, may become illiquid at any time, and that investors may lose the entire value of their investment. before trading any digital asset,you should do your own research and evaluate your risk appetite. OKX is not responsible for any losses which you may incur from trading digital assets. Please refer to OKX Terms of Service and Risk & Compliance Disclosure for more information.

Need assistance?

For any inquiries, please contact OKX via their Support Center or connect with them on any platform of your choice.

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