TL;DR
- OKX launches on October 14, 2024, a pre-market futures service for the cryptocurrency GRASS, allowing speculation on its price before its official listing.
- Futures trading will begin at 7:30 AM UTC and will be available on web and mobile platforms, with leverage of up to 2x and a tick size of 0.0001 USDT.
- GRASS positions itself as a decentralized data layer for artificial intelligence applications, allowing users to contribute bandwidth to access verifiable web data.
OKX, one of the leading cryptocurrency exchanges worldwide, launched on October 14, 2024, a new pre-market futures service for its recently introduced cryptocurrency, GRASS.
This launch occurs before GRASS is officially listed on the spot market, giving investors the opportunity to speculate on its future price. Trading of these futures contracts will start at 7:30 AM UTC and will be available through OKX’s web and mobile platforms, as well as via its API.
🚨 Pre-market Futures Listing
#OKX will list $GRASS @getgrass_io Pre-market Futures!$GRASS/USDT trading begins at 7:30 AM on Oct 14th (UTC).Learn more: https://t.co/q843HFEpno pic.twitter.com/j1aEoIkO8W
— OKX (@okx) October 14, 2024
The GRASS pre-market involves trading futures contracts denominated in USDT, allowing traders to participate in price formation before the official launch of the token. This trading modality facilitates price discovery, enabling users to anticipate the cryptocurrency’s valuation based on market behavior. The futures contracts in this pre-market are designed with leverage of up to 2x and a tick size of 0.0001 USDT, providing traders with precise control over their investments.
OKX Offers Opportunities to Speculate
The price of GRASS in the pre-market will fluctuate based on demand and market activity, offering an advantage to those who enter the trade early. Although the final delivery date of the contracts has not yet been announced, the structure of the futures allows traders to gain early insight into real-time prices, which can be crucial for informed decision-making.
GRASS not only represents a new cryptocurrency but also positions itself as a decentralized data layer intended to support artificial intelligence (AI) applications. This innovative approach allows users to contribute bandwidth to access verifiable web data. With the launch of the pre-market futures, OKX is providing a secure platform where traders can speculate on the token’s value, potentially generating high returns as it establishes its presence in the market.
Interested users can closely monitor the pre-market price of GRASS through the OKX app to receive real-time updates
