OKX to Launch KMNO Spot Trading with Strict Opening Controls and Auction Mechanism

• OKX will list KMNO with space trading starting May maybe 30 at 3:00 AM UTC.
• Strict advise and price limits prepare throughout early trading to manipulate volatility.
• A one-hour name public sale precedes the itemizing, with $50K client advise caps and no final-minute edits.

Cryptocurrency change OKX has confirmed the itemizing of Kamino Finance’s native token, KMNO, for space trading. In accordance to the reliable time table, KMNO/USDT space trading will initiate at 3:00 AM UTC on May maybe 30, 2025. The itemizing will be preceded by a structured rollout that involves deposit salvage entry to, a managed name public sale duration, and outlined risk management protocols geared toward limiting volatility throughout the token’s market debut.

The itemizing timeline begins with the hole of KMNO deposits on May maybe 29 at 10:00 AM UTC. This might maybe maybe maybe maybe allow customers to prepare for the scheduled trading events. Forward of the initiate of staunch space trading, OKX will behavior a one-hour name public sale starting at 2:00 AM UTC on May maybe 30 and ending at 3:00 AM UTC.

All the blueprint in which by means of this public sale window, customers will be in a situation to enlighten both aquire and sell orders at mounted prices. Nonetheless, the total assign of aquire orders from a single client can’t exceed $50,000. Furthermore, between 2:55 AM and 3:00 AM UTC, the closing five minutes of the public sale, advise cancellations or changes might maybe maybe also now not be authorised. These rules are designed to diminish manipulation and beget a balanced market opening.

As soon as space trading begins at 3:00 AM UTC, customers will be in a situation to change the KMNO/USDT pair, and withdrawals for the token will turn out to be on hand two hours later, at 5:00 AM UTC on May maybe 30.

Initial Procuring and selling Restrictions to Stabilize Market Job

To mitigate risk within the early trading portion, OKX has launched short-time duration limits for the first five minutes of space trading. All the blueprint in which by means of this period, market orders might maybe maybe also now not be allowed. The most restrict per single advise is made up our minds at $10,000, and no client might maybe maybe exceed a receive enlighten of $10,000. These measures will automatically take five minutes after the initiate of trading, allowing unrestricted assignment thereafter.

An intensive assign retain an eye on construction will prepare to KMNO throughout its early trading stage. When no staunch index assign exists, OKX will employ closing assign-based mostly limits. In the first minute, the top stutter allowed will be the selection public sale execution assign multiplied by a margin outlined as (1 + H). No restriction will prepare to the minimal attach aside a quiz to payment. From the second minute onward, the value cap will be the old minute’s closing assign multiplied by (1 + H), sustaining the initiate attach aside a quiz to.

If and when an index assign becomes on hand, the device will shift to index-based mostly constraints. For the following 10 minutes, the stutter ceiling will be index × (1 + X), while the attach aside a quiz to ground will be index × (1 – X). After this 10-minute window, additional rules prepare. The most stutter will be the lesser of index × (1 + Z) or the increased of the index and index × (1 + Y) plus the average top rate over the last two minutes. The minimal attach aside a quiz to will be the increased of index × (1 – Z) or the lesser of the index and index × (1 – Y) plus the an analogous average top rate.