Dear OKEx Users,
The BTT team announced a 1000:1 token split on December 6, 2021, with implementation beginning December 12. OKEx currently supports BTT spot trading, margin trading, and perpetual contracts, including its Earn program. To protect user interests during this transition, we've established the following handling plan:
Spot and Margin Trading Adjustments
The schedule for trading suspension:
- December 23, 2021 (18:00 HKT): Borrowing function disabled
- January 12, 2022 (14:00 HKT): Mandatory loan repayment triggered
- January 12, 2022 (18:00 HKT): Spot/margin trading suspended (all orders canceled)
- January 13, 2022 (18:00 HKT): Deposits/withdrawals paused
- January 13, 2022 (24:00 HKT): Final snapshot of positions (covers all account types)
Perpetual Contracts Management
👉 Essential guide to contract adjustments
Scheduled changes:
- December 29, 2021 (16:00 HKT): BTTUSDT/BTTUSD perpetual contracts delisted
- Settlement price = 1-hour arithmetic average before delisting
- No funding fees charged during final settlement
Risk Notice: Market volatility may intensify before delisting. Users should:
- Reduce leverage ratios
- Close positions early
- Maintain adequate margin balances
Key Parameter Adjustments
Price Limit Rules
| Time Period | X | Y | Z |
|---|---|---|---|
| Pre-48 hours | 2% | 2% | 5% |
| Final 30 min | 1% | 1% | 2% |
Tier Adjustments (Effective December 28, 17:00 HKT)
BTT/USDT Contract:
| Tier | Position Range | Maintenance Rate | Max Leverage |
|---|---|---|---|
| 1 | 0-200 | 1.00% | 75x |
| 2 | 201-500 | 1.50% | 50x |
BTT/USD Contract:
| Tier | Position Range | Maintenance Rate | Max Leverage |
|---|---|---|---|
| 1 | 0-50 | 1.00% | 75x |
| 2 | 51-200 | 1.50% | 50x |
Earn Program Updates
After borrowing suspension:
- Users earn remaining deposit interest
- No asset transfer required
- BTT holdings automatically upgraded post-split
Post-Split Procedures
- New BTT assets visible in "Assets Management"
- BTTOLD conversions accepted until January 13 (18:00 HKT)
- Trading services will resume after network stabilization
👉 Complete platform security measures
FAQ Section
Q: Will my BTT balance change after the split?
A: Your holdings will be multiplied by 1000 (e.g., 1 BTTOLD → 1000 BTT)
Q: When can I trade BTT again?
A: We'll announce reopening dates after confirming network stability
Q: How are perpetual contracts settled?
A: Positions closed at index price averages without additional fees
Q: Is there risk of forced liquidation?
A: Higher maintenance rates may apply - monitor positions and reduce exposure
OKEx remains committed to providing exceptional products and services throughout this transition.
Last Updated: December 23, 2021
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