OKX Launches USDT-Margined Perpetual Futures for AI Tokens GRIFFAIN and ZEREBRO

by

As a seasoned crypto investor with a knack for spotting promising opportunities, I find OKX’s latest move to introduce USDT-margined perpetual futures for AI-focused cryptocurrencies, GRIFFAIN and ZEREBRO, nothing short of intriguing. Having witnessed the meteoric rise of AI in various sectors, it’s evident that these two projects could potentially revolutionize the crypto landscape.

On December 27th at 7:00 a.m. UTC, OKX is launching USDT-margined perpetual futures for two AI-related cryptocurrencies, GRIFFAIN and ZEREBRO. These additions will be available on the exchange’s web, app, and API interfaces as well. The listing for GRIFFAIN starts at 7:00 a.m. UTC, followed by ZEREBRO at 7:15 a.m. UTC.

The platform, GRIFFAIN, was clarified as a space where users can design custom AI agents. These AI agents help transform ideas into realities by engaging with other AI agents within the network. Additionally, traders have the ability to utilize up to 50 times leverage on GRIFFAIN perpetual futures, starting at 0.01x. The settlement for these trades will be done in Tether, as mentioned by OKX.

Griffain serves as a platform for artificial intelligence (AI) agents, translating users’ desires into practical results through interactions with these AI entities. Users can customize their own AI agents and utilize Griffain’s extensive network.

Instead of ZEREBRO, let me introduce an alternative platform that specializes in creating, sharing, and analyzing content across various decentralized and social media networks. Its self-governing system provides cutting-edge tools for content creation and management in the digital era, much like GRIFFAIN. Remarkably, users can utilize up to 50 times leverage on ZEREBRO’s perpetual futures contracts, which are settled using USDT.

Funding Fee Adjustments to Mitigate High Volatility

For both cryptocurrencies, the contract values are set at 10 units and can increase in increments of 0.0001 USDT. To minimize potential high fees due to price fluctuations, OKX is adjusting its strategy by reducing the funding fee for futures trades to 0.03% until December 27, 4:00 p.m. UTC. After this date, the fee will revert back to the standard rate of 1.5%, with the new charge taking effect at 8:00 p.m. UTC on the same day. This information was shared by OKX in a recent announcement.

“To avoid unreasonable fees arising from significant premium fluctuations of newly launched futures, the upper limit of the funding fee before 4:00 pm UTC on December 27, 2024 is 0.03%. After 4:00 pm UTC on December 27, 2024, the upper limit of the predicted funding fee will be adjusted back to the regular rate of 1.5%. (The funding fee for this period will be charged at 8:00 pm UTC on December 27, 2024.)”

OKX Expands Offerings with New Staking and AI-Themed Crypto Futures

In a similar fashion to other currencies, the price boundaries for ZEREBRO and GRIFFAIN USDT perpetual futures are governed by the same set of rules. OKX recommends users to delve into their perpetual futures trading guides to better understand its functioning. Notably, OKX is introducing these futures to cater to the escalating interest in AI-themed cryptocurrencies.

On platform X, OKX shared that its user base has significantly grown, now exceeding 2 million members. Moreover, they unveiled OKSOL, a liquid staking token for Solana, enabling users to stake their assets while retaining liquidity. By staking SOL, users receive an equal amount of OKSOL, empowering them to earn rewards without compromising flexibility. OKSOL can be utilized as collateral, traded, or integrated into DeFi strategies, with the deposited SOL remaining safely staked.

Read More

2024-12-27 14:42