OKX is excited to announce the inclusion of IP (Story Protocol) in our spot trading markets. Below are the key details:
Listing Schedule
- IP deposits will open at 1:30 UTC on February 11, 2025.
- IP withdrawals will be available from 8:00–9:00 UTC on February 13, 2025.
- Spot trading for IP/USDT begins at 9:00 UTC on February 13, 2025.
- IP withdrawals resume at 9:00 UTC on February 14, 2025.
Spot Trading Opening Rules
To protect traders from price volatility during the initial trading phase, OKX will enforce the following order restrictions for the first 5 minutes:
- ❌ Market orders are disabled.
- ⚠️ Limit orders cannot exceed $10,000 USD per order.
- 📉 Maximum net position size per user is capped at $10,000 USD.
These restrictions will be lifted after 5 minutes.
Price Limits
If a spot index is available for this trading pair, OKX will enable price limits. Specific rules are outlined below:
| Phase | Highest Price Limit | Lowest Price Limit |
|---|---|---|
| First 10 min post-listing | Index × (1 + X) | Index × (1 - X) |
| After 10 min | Min[Max(Index, Index×(1+Y) + 2-min avg premium), Index×(1+Z)] | Max[Min(Index, Index×(1-Y) + 2-min avg premium), Index×(1-Z)] |
Note: Parameters X, Y, Z are adjusted based on market conditions.
Call Auction Mechanism
The IP/USDT spot listing will use a 1-hour call auction. Key features:
- Users can submit buy/sell orders at desired prices before official trading begins.
- Each user’s total buy order value must not exceed $50,000 USD.
- Orders cannot be modified/canceled in the last 5 minutes of the auction.
👉 Learn more about call auction rules
The project team’s opening price (based on project valuation) will be displayed post-auction for informational purposes only and does not affect trade execution prices.
Project Overview
Story Protocol is building the world’s blockchain for intellectual property (IP), enabling programmable IP assets.
- Asset Name: Story Protocol
- Ticker: IP
- Total Supply: 1,000,000,000
How to Prepare
- Deposit USDT to your account for IP/USDT trading.
FAQ
Q: When does IP spot trading start?
A: Trading begins at 9:00 UTC on February 13, 2025.
Q: Are there deposit limits for IP?
A: No deposit limits, but withdrawals follow the schedule above.
Q: Can I cancel orders during the call auction?
A: Orders become immutable in the last 5 minutes of the auction.
Q: Where can I track IP’s price?
A: Use OKX’s trading interface post-listing.
Risk Warning: Digital assets are speculative and volatile. Conduct your own research and assess risk tolerance.
OKX Team
February 11, 2025