OKX to Enable Margin Trading &amp Savings and List Perpetual for LUNC-OKX Tutorial

We are pleased to announce that LUNC margin trading and savings will be enabled at 7:00 am UTC on September. 9. USDT-margined perpetual swaps for LUNC will be listed at the same time.

The updates will cover both the web and app interfaces as well as API. The details are as follows:

I. Margin Trading and Savings

1. Spot margin trading will be activated for following pairs: LUNC/USDT

2. For the details of the tiered margin ratio, please refer to Margin Borrowing Position Tiers after the official listing.

3. For the limits of savings, please refer to the Business Rules for Savings after the official listing.

II. Perpetual Swap Trading

LUNCUSDT Perpetual Swap:

Feature	Details
Underlying	LUNC/USDT Index
Settlement asset	USDT
Face value	10,000 LUNC
Price quotation	1 LUNC value calculated in USDT equivalent
Tick size	0.00000001
Leverage	0.01-75 x
Funding rate	Clamp(MA(((best bid + best offer) / 2 - spot index price)／spot index price - interest), -0.75%, 0.75%), interest = 0
Trading hours	24/7

Note: When the new contract is launched, the premium is unstable. To avoid unreasonable charges, the upper limit of the funding rate before 16:00 pm UTC on September. 9 is 0.03%. After 16:00 pm UTC, the upper limit of the predicted funding rate will be adjusted back to the normal 0.75% (the funding fee of this period will be charged at 8:00 am UTC on September. 10).

The price limit rules of LUNC USDT-margined perpetual swap trading are the same as those of other currencies. Please refer to our perpetual swap trading guides for further details.

USDT-margined perpetual swap trading: OKX USDT Margined Perpetual Swap Trading User Agreement & Guide

OKX

September. 7, 2022 (UTC)

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Step 1: Log in to your OKX account
Before you can start buying or selling cryptocurrency on OKX, you must first log in to your OKX account. If you do not yet have an account, click Sign up and complete the registration process.
Step 2: Select Buy/Sell
Once you have logged in to your OKX account, click Buy Crypto in the upper left-hand corner of the screen to get started.
Step 3: Select your purchasing method
The next step is to choose how you would like to buy or sell . There are two primary options on OKX: Express and P2P trade.