As part of an ongoing ecosystem transition aligned with SingularityNET’s official migration requirements, OKX will officially delist the AGIX/USDT perpetual futures and margin trading pairs. This strategic move ensures platform integrity, risk management, and compliance with evolving blockchain standards. Traders are advised to review the timeline, risk controls, and procedural changes detailed below to safeguard their positions and optimize their trading strategies accordingly.
Perpetual Futures Delisting Schedule
The AGIXUSDT perpetual futures contract will be delisted on June 28, 2024, between 8:00 and 9:00 AM UTC. After this window, all trading activity for this pair will cease permanently.
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Key Delisting Procedures
- Order Cancellation: All open orders in the order book will be automatically canceled upon delisting.
- Position Delivery: Open positions will be settled using the arithmetic average price of the OKX index calculated during the one hour preceding delisting.
- Price Abnormality Protocol: In the event of index price anomalies, OKX reserves the right to adjust the final delivery price to a fair and reasonable level.
- Funding Rate Adjustment: The funding rate at 8:00 AM UTC on June 28 will be set to 0%, meaning no funding fees will be charged during that cycle.
Risk Management Recommendations
Market volatility often increases ahead of delisting events. To minimize exposure:
- Reduce leverage levels
- Close positions proactively
- Monitor account health regularly
Additionally, users holding perpetual contract positions valued at over $10,000 USD at the time of delivery will face a 30-minute withdrawal restriction immediately after delisting. Asset transfers will resume normally after this period.
All order history and billing records remain accessible post-delisting via the Report Center on the OKX website. Users are encouraged to download relevant data for personal records.
Adjustments to Risk Control Parameters
To ensure smooth delivery and market stability during the delisting phase, OKX has updated its price limit rules for the AGIXUSDT perpetual contract.
Price Limit Calculation Framework
During regular trading, price limits are determined based on the index price and premium averages. The formula adjusts dynamically:
First 10 minutes after contract generation:
- Upper Limit:
Index × (1 + X) - Lower Limit:
Index × (1 – X)
- Upper Limit:
After 10 minutes:
- Upper Limit:
Min[Max(Index, Index × (1 + Y) + Avg Premium), Index × (1 + Z)] - Lower Limit:
Max[Min(Index, Index × (1 – Y) + Avg Premium), Index × (1 – Z)]
- Upper Limit:
Temporary Parameter Adjustments
| Time Before Delivery | X | Y | Z |
|---|---|---|---|
| 48 hours | 2% | 2% | 5% |
| 30 minutes | 1% | 1% | 2% |
Note: These parameters may be further adjusted if significant market deviations occur prior to delisting.
These tighter limits help prevent excessive volatility and ensure fair settlement pricing.
Margin Trading Pair Suspension
In parallel with perpetual futures delisting, OKX will also phase out margin trading support for AGIX/USDT.
| Feature | Action | Timing |
|---|---|---|
| Cease Borrowing | Borrowing function disabled | June 26, 2024, 8:00 AM UTC |
| Full Delisting | Trading & lending suspended | June 27, 2024, 9:00 AM UTC |
The suspension process will take approximately one hour per trading pair. During this time:
- Open margin orders will be canceled
- Flexible loans involving AGIX will be terminated
- Users must repay all outstanding borrowings before delisting
Failure to repay by the deadline will trigger forced repayment mechanisms, which may result in liquidation or asset seizure.
Given potential price swings, traders are strongly advised to:
- Exit open positions early
- Repay loans promptly
- Avoid last-minute execution risks
AGIX Discount Rate Adjustment
As part of broader risk management measures, OKX has revised the discount rate applied to AGIX within cross-margin accounts.
| Asset | Tier (USD) | Previous Discount Rate | New Discount Rate |
|---|---|---|---|
| AGIX | 0 – 50,000 | 0.5 | 0 |
| >50,000 | 0 | 0 |
This means AGIX will no longer provide any discount benefit when used as collateral in multi-currency cross-margin mode.
Why Discount Rates Matter
In cross-margin trading, various cryptocurrencies are converted into USD value to serve as margin. However, due to differences in liquidity and volatility, platforms apply discount rates to reflect realistic risk-adjusted values.
By setting AGIX’s discount rate to 0%, OKX acknowledges reduced liquidity stability ahead of delisting—protecting both users and the platform from systemic risk.
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Frequently Asked Questions (FAQ)
Q: Why is OKX delisting AGIX perpetual and margin pairs?
A: The delisting aligns with SingularityNET’s official migration roadmap. As ecosystem dynamics evolve, exchanges must adapt to maintain security, liquidity, and compliance.
Q: What happens to my open AGIXUSDT perpetual position after delisting?
A: All open positions will be automatically settled at the average index price from the hour before delisting. No further trading or funding will occur after that.
Q: Can I still withdraw funds immediately after delivery?
A: Users with positions exceeding $10,000 USD at settlement will face a 30-minute withdrawal lock. Normal transfers resume afterward.
Q: Will I lose money if I don’t close my position before delisting?
A: While positions are settled fairly, unexpected market moves could impact final value. Proactively closing positions gives you control over exit timing and pricing.
Q: How do I download my trading history?
A: Visit the Report Center on the OKX website to generate and download order history, billing records, and transaction logs.
Q: Is AGIX being completely removed from OKX?
A: Only perpetual futures and margin trading pairs are being delisted. Spot trading availability may continue independently—check the platform for updates.
Final Reminders for Traders
Delisting events require proactive user engagement. To avoid forced liquidations or missed opportunities:
- Monitor your account balance and open orders
- Repay margin loans before June 27
- Close perpetual positions before June 28
- Backup critical trade data via the Report Center
Market transitions like this underscore the importance of agility in digital asset management. Staying informed helps you adapt quickly and protect your capital.
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OKX remains committed to transparency, user protection, and innovation in digital finance. As blockchain ecosystems grow and transform, so too does our approach to risk, compliance, and trader support.
Last updated: June 26, 2024