OKX will launch USDT-margined perpetual futures for AI projects GRIFFAIN and ZEREBRO on Dec. 27, 2024, with 50x leverage and reduced fees.
Crypto exchange OKX will launch USDT-margined perpetual futures for two new digital assets, GRIFFAIN and ZEREBRO – projects focused on artificial intelligence applications. The listings will launch today at 07:00 am UTC for GRIFFAIN and at 07:15 am UTC for ZEREBRO. Support for the launch will come via OKX’s web platform, mobile application and API.
GRIFFAIN is an AI-powered platform that enables users to transform their intentions into tasks through its smart, personalized AI agents. The platform is designed to allow users to build and deploy custom AI agents within its ecosystem with the express purpose of automation. Traders can open GRIFFAIN perpetual futures with up to 50x leverage from 0.01x, which will be settled in Tether (USDT). The contract size is 10, with a funding interval of 4 hours.
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ZEREBRO is an AI platform that enables decentralized content creation, distribution, and analysis on social platforms. The perpetual futures contract has trading specifications in common with GRIFFAIN, including a leverage range of 0.01x to 50x, with settlement option in USDT. ZEREBRO enables autonomous AIs to better integrate into decentralized content ecosystems.
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To reduce the impact of market volatility in the first phase of trading, OKX will limit the funding fee of both perpetual futures to 0.03% until Dec. 27, 4:00 pm UTC. After this introductory phase, the maximum funding fee will go back to the normal 1.5% max. Funding fees will be applied every four hours following this adjustment, with the first post-adjustment fee set to be used at 8:00 pm UTC the same day the platform is added.
The listing decisions are consistent with OKX’s continuous plans to add to its perpetual futures item set in response to increasing demand for AI-themed crypto assets. Traders are recommended to read the insights of the exchange towards perpetual futures trading guide and terms, particularly since the perpetual contracts follow the same price limits mapped out for any of the other digital assets traded on the platform.
According to CryptoSlate, the AI crypto space shows diversified interest, with a 4.68 percent rise in overall market cap over the last 7 days valued at $32.63 billion sector.
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