Key Points
- OKX will list HMSTR on the spot trading market on September 26.
- USDT-margined pre-market futures for HMSTR will be delivered on September 25.
OKX just announced the listing of Hamster Kombat (HMSTR) on the spot trading market on September 26. According to the official announcement, the exact schedule will be announced separately.
Also, the USDT-margined pre-market futures for HMSTR will be delivered on September 25.
Details About Delivery of Pre-Market Futures for HMSTR
Here are the key details about pre-market futures for HMSTR:
1. Delivery Price
- Actual delivery price: The average index price of the last hour before the delivery is calculated every 200 milliseconds.
- Estimated delivery price: The rolling average index price over the last hour before delivery is calculated every 200 milliseconds.
- OKX reserved its right to include prices from every exchange as part of the index components.
2. Position Limits
To reduce delivery risk, within the hour before pre-market futures delivery, users can no longer increase their positions and can only make the following closing orders or reverse orders to reduce positions:
- Hedge mode: Placing a closing order
- One-way mode: Placing a reduce-only order or placing a reverse order/pending order with a quantity no greater than the current position; if the quantity of accumulated reverse orders is greater than the current position, then no new reduce-only orders can be placed.
3. Settlement Fees
The settlement fee is 1% subject to adjustment, as announced.
4. Price Limits
After pre-market contract generation:
- Highest price of buy order = Average mid-price of the past hours x (1+15%)
- Lowest price of sell order = Avergae mid price of the past hours x (1-15%)
Within 60 minutes before delivery:
- Highest price of buy order = Average mid price of the past hour × (1+5%)
- Lowest price of sell order = Average mid price of the past hour × (1– %)
Mid price = (Best bid price+Best ask price) / 2. Price limits are calculated every minute, according to OKX’s official announcement.
Recently, Hamster Kombat finally revealed the date of their TGE and airdrop on September 26.
