Major crypto exchange OKX launches perpetual futures for two more native tokens from AI-based projects, Alchemist AI and aixbt, on Jan. 3 at 7:00 UTC.
According to a recent notice, OKX trading support for AIXBT/USDT perpetual futures will begin on Jan. 3 at 7:00 UTC. Meanwhile, trading support for ALCH/USDT perpetual futures will open on the same day but 15 minutes after AIXBT, specifically at 7:15 UTC.
Both perpetual contracts are offered with a minimum leverage of 0.01x and a maximum leverage of up to 50x.
The addition of ALCH/USDT and AIXBT/USDT perpetual contracts on OKX occurs only a week after the exchange launched perpetual futures on USDT for AI projects GRIFFAIN (GRIFFAIN) and ZEREBRO (ZEREBRO). It also listed the AI agent platform Virtuals Protocol (VIRTUAL) token in mid-December.
aixbt is known as an AI agent and crypto market analysis platform that grants users the ability to utilize AI technology in the crypto space. The AIXBT agent’s X account boasts an image of a purple Pepe the Frog wearing a hood as its icon. Most recently, the agent misreported FTX’s repayment amount and schedule, but was quick to correct the mistake.
Read more: AIXBT misreports FTX’s $13b creditor distribution
Meanwhile, Alchemist AI is a no-code development platform that lets users create their own software applications with just a simple description. The platform simplifies the process for users seeking to create applications using AI technology.
At the time of writing, Alchemist AI’s token ALCH is trading at a price of $0.175 according to data from CoinGecko. Despite the recent OKX listing, the token has slid by nearly 9% in the past hour and 15.3% in the past 24 hours of trading.
Though, ALCH has shown more gains in the long run. The token soared by 117% in the past week and 222% in the past month.
Price chart for AIXBT in the past seven days of trading, January 3, 2024 | Source: CoinGecko
On the other hand, aixbt’s token of the same name was lifted only slightly by the announcement by 1.1%. Though, in the past 24 hours, the token has gone down by 15%. AIXBT is currently trading hands at $0.50.
Similar to ALCH, AIXBT has also seen higher gains in the past few days. In seven days of trading, AIXBT has surged by 54.8% and more than 90% in the past month.
According to the notice, the exchange’s price limit rules apply to AIXBT/USDT and ALCH/USDT. This means that for newly launched futures, OKX will implement an upper limit for the funding fee at 0.03% before 16:00 UTC on launch day. After 16:00 UTC, the limit will go back to normal, which is 1.50%. It is also noted that the funding fee will come into effect on Jan. 3 at 20:00 UTC.
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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
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