OKX, a leading cryptocurrency exchange, has announced the listing of IP—the native token of Story Protocol—for spot trading. The IP/USDT trading pair will go live on February 13, 2025, at 09:00 UTC, marking a significant milestone in Story Protocol's mission to build a blockchain-powered intellectual property (IP) ecosystem.
Trading Restrictions to Manage Volatility
To ensure a smooth launch and mitigate price volatility during the initial trading phase, OKX will implement temporary trading restrictions for the first five minutes:
- Market orders will be disabled.
- Limit orders must not exceed $10,000 in value per order.
- Maximum net position per user cannot exceed $10,000.
These measures aim to protect traders from extreme price fluctuations and prevent oversized orders from causing market instability.
Story Protocol: A Blockchain for Intellectual Property
Story Protocol is a Layer 1 (L1) blockchain designed to digitize and tokenize IP assets. The project envisions an open, programmable IP infrastructure, enabling creators and developers to monetize and manage content securely on-chain. By merging blockchain technology with the creative economy, Story Protocol seeks to revolutionize how IP is shared, owned, and traded.
With IP’s listing on OKX, investors gain access to a decentralized IP ecosystem, fostering liquidity and broader adoption.
What’s Next for IP and Story Protocol?
The OKX listing is expected to:
- Boost liquidity for IP.
- Accelerate adoption of Story Protocol’s vision.
Traders and investors should:
- Review OKX’s trading policies.
- Ensure sufficient funds are available in their accounts.
FAQ
1. When does IP trading start on OKX?
IP/USDT spot trading begins on February 13, 2025, at 09:00 UTC.
2. Why are there trading restrictions initially?
To prevent price manipulation and extreme volatility during the launch phase.
3. What is Story Protocol’s goal?
To create a blockchain-based ecosystem for IP ownership and monetization.
Disclaimer: This content may include third-party opinions and sponsored material. It is not financial advice.