We are pleased to announce the listing of BABY (Babylon) on the OKX spot trading market. Please take note of the following important details regarding the trading schedule and market rules.
Trading Schedule
- Deposit Opening: BABY deposits will open on April 9, 2025, at 19:00 WIB.
- Withdrawal Opening: BABY withdrawals will begin on April 10, 2025, from 16:15 to 17:15 WIB.
- Spot Trading Start: BABY/USDT spot trading will commence on April 10, 2025, at 17:15 WIB.
- Pre-Market Futures Start: BABY pre-market futures will begin on April 11, 2025, at 17:00 WIB.
Join the trading campaign to earn Babylon rewards and participate in a prize pool of 700,000 $BABY.
Spot Market Risk Control Rules
To protect investors from excessive market volatility during new token listings, OKX will implement the following restrictions during the first 5 minutes after spot trading begins:
- Market orders are not allowed.
- The maximum limit order amount is $10,000.
- The maximum net position per user is $10,000.
These restrictions will be lifted 5 minutes after trading starts.
Price Limit Rules
When a newly listed cryptocurrency lacks a stable index price, the platform will adopt a closing price-based limit rule. Once a stable index is available, an index-based limit rule will be applied.
Closing Price-Based Limit Calculation
| Phase | Maximum Bid Price | Minimum Ask Price |
|---|---|---|
| First minute after listing | Auction start price × (1 + H) | No limit |
| From minute 1 to N (until index available) | Previous minute's closing price × (1 + H) | No limit |
| After minute N (until index available) | No limit | No limit |
Index-Based Limit Calculation
| Phase | Maximum Bid Price | Minimum Ask Price |
|---|---|---|
| First 10 minutes after listing | Index × (1 + X) | Index × (1 – X) |
| After first 10 minutes | 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)] |
OKX may adjust parameters N, H, X, Y, Z or change the price limit calculation method based on market conditions without prior notice. For real-time rules, please refer to the official platform updates.
About the Auction Start Mechanism
The auction start mechanism will be used for the BABY/USDT spot listing. The auction period will last for 1 hour.
OKX operates an auction mechanism that allows users to submit buy and sell orders at their desired prices based on specific trading parameters before the new trading pair officially begins. The trading system processes all submissions according to auction rules and calculates an indicative opening price.
To maintain market order and prevent disruptive trading experiences, OKX has:
- Implemented a total order value limit of 50,000 USDT per user during the auction period.
- Introduced a final 5-minute period where orders cannot be canceled or modified.
After the auction concludes, OKX will display the project team's opening price at the start of continuous trading as the initial chart price. This price is provided by the token project team typically based on project valuation and is for informational purposes only. It does not affect the execution price of your orders.
Project Introduction
The Bitcoin Babylon staking protocol connects the secure Bitcoin Network with bitcoin owners to provide direct access to the largest and strongest community in crypto.
- Asset Name: Babylon
- Ticker: BABY
- Check Babylon Price: View real-time pricing data
Pre-Market Futures Delivery
1. Delivery Time
Pre-market contracts will be delivered approximately 3 hours after the cryptocurrency is listed on the spot market. The delivery price will be calculated 2-3 hours after listing. If the listing time changes, the contract delivery time will also be adjusted. Stay updated through our announcements.
2. Delivery Price
- Index Price: OKX will include prices from more than 3 major exchanges as part of the index components.
- Delivery Price: OKX will deliver futures positions at the arithmetic average price of the corresponding OKX index price during the hour before delivery. If trading prices show abnormalities one hour before delivery, OKX may adjust the final delivery price to a reasonable level.
Within 30 minutes after delivery, if you hold positions worth more than 10,000 USD in BABYUSDT futures contracts at the time of delivery, you will not be able to transfer assets out of your trading account.
Asset transfers will return to normal after 30 minutes. Order history and billing records will remain available after delivery. If you need to backup data, you can download it through the Order Center on the OKX website.
Given that markets can fluctuate significantly before delivery, please manage your risk level by reducing actual leverage or closing positions beforehand. If overloss occurs during delivery, your loss will be compensated with insurance funds. If insurance funds are insufficient, the system will automatically reduce positions of users with high profit levels.
3. Settlement Fee
A settlement fee of 1% will be applied, adjustable as announced.
4. Price Limits
After pre-market contracts are created:
- Highest buy order price = 1-hour average midpoint × (1 + 15%)
- Lowest sell order price = 1-hour average midpoint × (1 – 15%)
Within 60 minutes before delivery:
- Highest buy order price = Index Price × (1 + 5%)
- Lowest sell order price = Index Price × (1 – 5%)
Midpoint = (Highest Bid Price + Lowest Ask Price) / 2. Price limits are calculated every minute.
Preparing for Trading
Deposit USDT to your account to prepare for BABY/USDT spot trading. Ensure you have sufficient funds available when trading begins.
Frequently Asked Questions
What is BABY (Babylon)?
BABY is the native token of the Bitcoin Babylon protocol, which enables Bitcoin staking to secure proof-of-stake chains. It represents an innovative approach to leveraging Bitcoin's security across multiple blockchain networks.
When can I start trading BABY on OKX?
Spot trading for BABY/USDT begins on April 10, 2025, at 17:15 WIB. Deposits open on April 9, and pre-market futures start on April 11.
What are the trading restrictions for BABY initially?
For the first 5 minutes after trading begins, market orders are disabled, limit orders are capped at $10,000, and net positions per user cannot exceed $10,000. These restrictions lift after 5 minutes.
How does the auction mechanism work for BABY listing?
The auction runs for 1 hour before continuous trading. Users can submit orders with a total value limit of 50,000 USDT. Orders become non-cancelable in the final 5 minutes. The system calculates an indicative opening price from all submissions.
What should I know about pre-market futures delivery?
Delivery occurs about 3 hours after spot listing. The delivery price is based on index averages from the preceding hour. Position transfers are restricted for 30 minutes post-delivery for large holders (>$10,000). Explore more strategies for managing futures positions around delivery events.
How are price limits determined for new listings?
Initially, limits use closing prices until a stable index is established. Then index-based rules apply with parameters that OKX may adjust based on market conditions to maintain stability.
Risk Warning
The information contained here is provided for informational purposes only and does not constitute financial, investment, or trading advice. Digital assets are highly speculative and volatile, and investors may lose their entire investment. You should conduct your own research and evaluate your risk tolerance before trading digital assets. OKX does not guarantee the accuracy or completeness of any information provided here and shall not be responsible for any losses you may incur.
Please refer to OKX's official terms and policies for complete information. If you have questions, contact OKX support through their official channels.