TechFlow news, October 22 — According to an official announcement, OKX will deliver the SCRUSDT pre-market delivery contract on October 22, 2024, at 7:30 PM (UTC+8). The detailed rules are as follows:
1. Delivery Price
Index Price: The index components will include spot trading pairs from three or more major exchanges.
Delivery Price: The delivery price for the contract will be calculated as the arithmetic average of the OKX index price during the hour prior to delivery, which will be used to settle all users’ positions under this contract. If the index price is abnormally manipulated at the specified time, the platform may adjust the final settlement price to a reasonable level based on actual circumstances.
After contract delivery, users who held positions valued over $10,000 in the SCRUSDT contract will have their account asset transfers restricted for 30 minutes before full functionality resumes.
2. Delivery Fee
The delivery fee rate is 1%. Any adjustments will be announced separately.
3. Price Limit Rules
After the pre-market contract is generated:
Maximum buy order price = Average mid-price over the past hour × (1 + 15%)
Minimum sell order price = Average mid-price over the past hour × (1 – 15%)
Within the last 60 minutes before delivery:
Maximum buy order price = Average mid-price over the past hour × (1 + 5%)
Minimum sell order price = Average mid-price over the past hour × (1 – 5%)
Mid-price = (Best bid price + Best ask price) / 2. Price limits are recalculated every minute.
