Announcement from Ouyi regarding the official launch of pre market trading for Baby (Babylon)

OKX|Apr 03, 2025 04:03
Dear Ouyi user: Ouyi is about to launch Baby pre-market trading. The specific schedule is as follows:
Listing time * Baby/USDT pre-market trading opening time: 1:30 pm on April 3, 2025 (UTC+8)
Project Introduction: Babylon supports BTC staking, connecting the BTC secure network with BTC holders and providing users with the largest and most powerful community in the cryptocurrency field.
*English full name: Babylon
*English abbreviation: BABY
*View Babylon prices: https://www. (okx.com)/price/babylon-baby
Pre market trading allows users to trade delivery contracts for currencies that have not yet been released. Pre market trading delivery contracts are essentially USDT based delivery contracts, which are usually delivered before the new currency is launched on the cryptocurrency trading market. Ouyi launches pre market trading function, aiming to provide users with a secure and reliable platform to participate in the discovery of new currency prices.
1. Pre market trading contract
Contract Elements | Details|
Underlying Contract | Baby/USDT Index (the index takes the latest transaction price of the contract)|
Settlement cryptocurrency | USDT|
Face value of the contract | 100 BABY|
Price quotation | quote based on USDT price of 1 Baby|
Minimum price change (Tick size) | 0.00001|
Leverage | 0.01~5 times|
Trading hours | 7 x 24 hours|
Contract type | Delivery contract|
Settlement time | The delivery date of the contract has not been determined yet. Pre market trading contracts are usually delivered after the currency is listed on the cryptocurrency market. The delivery time will be announced separately once it is determined|
In addition, the pre market trading market and the standard delivery market have different product mechanisms. The gradient level limit rules and user limit rules are as follows (please refer to the pre market trading product rules for details of other trading rules):
1. Gradient gear limit rules
Position | Maximum Open Position (Number of Cards) | Maintenance Margin Rate | Initial Margin Rate | Maximum Leverage Ratio|
1 | 500 | 5.00% | 20.00% | 5 |
2 | 4,000 | 15.00% | 25.00% | 4 |
3 | 7,500 | 19.00% | 33.33% | 3 |
4 | 10,000 | 20.00% | 33.33% | 3 |
5 | 15,000 | 21.00% | 33.33% | 3 |
6 | 20,000 | 22.00% | 33.33% | 3 |
7 | 25,000 | 23.00% | 33.33% | 3 |
8 | 30,000 | 24.00% | 33.33% | 3 |
9 | 35,000 | 25.00% | 33.33% | 3 |
10 | 40,000 | 26.00% | 33.33% | 3 |
11 | 45,000 | 27.00% | 33.33% | 3 |
12 | 50,000 | 28.00% | 33.33% | 3 |
2. User warehouse restriction rules
User type | Limited warehouse size (number of sheets)|
User of U-Standard Contract Special Market Maker (DMM) | 50000|
Non U-Standard Contract Designated Market Maker (DMM) User | 4000|
Prepare to trade and recharge your USDT balance to prepare for pre market trading of BABY/USDT:
Risk statement
*At present, the project party has not yet determined the final coin issuance plan, and there is uncertainty in the total issuance volume. If the issuance volume changes, it may cause market price fluctuations. Users need to pay attention to market information on their own, pay attention to risk control, and trade cautiously.
*The price in the pre-market trading market is determined by the market behavior of both buyers and sellers, and may not accurately reflect the actual issuance price of the new currency.
*Ouyi does not guarantee that the currency of the pre market delivery contract will ultimately be listed in cryptocurrency trading. Please follow the latest coin listing announcement from Ouyi for specific details.
Ouyi may at any time decide to suspend trading of such pre market contracts at its own discretion. For more detailed information, please refer to the Ouyi Service Terms and Risk&Compliance Disclosures.
Ouyi will continue to provide you with better products and services!
Ouyi team
April 3, 2025
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