The cryptocurrency landscape is evolving rapidly, and timely updates are crucial for traders navigating new asset launches. In response to changes in the DOGS token issuance schedule, OKX has announced key adjustments to its spot trading timeline and pre-market futures delivery for DOGS (DOGS). Traders and investors should carefully review the updated schedule and guidelines to ensure smooth participation and effective risk management.
👉 Discover how OKX’s updated trading mechanics can enhance your market entry strategy.
Updated Trading and Deposit Schedule
Due to a revised issuance timeline, OKX has adjusted the following key dates for DOGS:
- DOGS deposits open: 09:00 UTC on August 14, 2024
- Call auction period: 11:00 – 12:00 UTC on August 26, 2024
- DOGS/USDT spot trading begins: 12:00 UTC on August 26, 2024
- DOGS withdrawals open: 10:00 UTC on August 27, 2024
These updates ensure alignment between token availability and market access, providing a structured onboarding process for users.
About DOGS (Dogs)
DOGS is more than just a meme-inspired token—it represents a cultural movement rooted in the Telegram ecosystem. The project draws its inspiration from Spotty, the beloved mascot created by Pavel Durov, founder of TON (The Open Network). Spotty has become a symbol of community spirit within Telegram, and DOGS channels that same energy into the blockchain space.
Key Project Details:
- Asset Name: Dogs
- Ticker Symbol: DOGS
- Total Supply: 550,000,000,000 tokens
- Contract Address: EQCvxJy4eG8hyHBFsZ7eePxrRsUQSFE_jpptRAYBmcG_DOGS (TON blockchain)
The massive supply reflects the token’s accessibility and community-driven distribution model, aligning with the inclusive ethos of the TON ecosystem.
Pre-Market Futures Delivery: Key Updates
OKX will deliver USDT-margined pre-market futures contracts for DOGS at 04:00 UTC on August 26, 2024. This delivery occurs approximately 24 hours before spot trading begins, allowing traders early exposure while minimizing market overlap risks.
Delivery Price Calculation
The final delivery price is determined using a robust, transparent methodology:
- Actual Delivery Price: Calculated as the arithmetic average of the index price over the last hour before delivery, sampled every 200 milliseconds.
- Index Price Source: Based on the latest pre-market trading price on OKX. However, OKX reserves the right to incorporate data from other reputable exchanges to ensure fairness and prevent manipulation.
- Estimated Delivery Price: Reflects the rolling average of the index price during the final hour.
This high-frequency sampling ensures accuracy and reduces volatility spikes from influencing the final price unfairly.
Position Limits Before Delivery
To mitigate systemic risk during the delivery window, OKX enforces strict position controls in the final 60 minutes:
- Users cannot increase their positions.
Only the following actions are permitted:
- In Hedge Mode: Closing orders only.
- In One-Way Mode: Reduce-only orders, or reverse orders/pending orders where the total quantity does not exceed the current position.
⚠️ Important: If accumulated reverse orders exceed your current position, you will be blocked from placing additional reduce-only orders. Always monitor pending orders to avoid execution issues.
Settlement Fees
A 1% settlement fee applies upon delivery. While subject to change, OKX will provide advance notice of any adjustments through official announcements.
Price Limits Mechanism
To prevent extreme price swings and protect market integrity, OKX implements dynamic price limits:
After contract launch:
- Buy orders: ≤ Average mid price × 1.15
- Sell orders: ≥ Average mid price × 0.85
Final 60 minutes before delivery:
- Buy orders: ≤ Average mid price × 1.05
- Sell orders: ≥ Average mid price × 0.95
Mid price = (Best bid + Best ask) ÷ 2
These limits are recalculated every minute to reflect real-time market conditions.
All open orders on the order book will be canceled after delivery. Futures positions will be settled at the average traded price from one hour prior to delivery.
In cases of abnormal trading behavior in the final hour, OKX retains the right to adjust the final delivery price to a reasonable and fair level.
Post-Delivery Transfer Restrictions
For risk mitigation:
- Users holding DOGSUSDT futures positions valued at over $10,000 at delivery time will face a 30-minute withdrawal freeze.
- Asset transfers resume automatically after this period.
- Order history and billing records remain accessible post-delivery. Users can download transaction data via the Report Center on the OKX web platform.
👉 Learn how to prepare for futures delivery and avoid common trading pitfalls.
Risk Management Advisory
Pre-market futures are inherently volatile. Prices are driven by speculative demand and do not necessarily reflect long-term fair value. As such:
- Markets may experience sharp fluctuations ahead of delivery.
Traders are strongly advised to:
- Reduce leverage ahead of delivery
- Close or hedge positions proactively
- Monitor announcements for last-minute changes
“Prices in pre-market futures are determined by market behavior and are not an indicator of fair market value.” — OKX Risk Notice
Frequently Asked Questions (FAQ)
Q: Why did OKX change the DOGS trading schedule?
A: The adjustment follows a change in the official DOGS token issuance timeline. OKX updated its schedule to align with the new release plan and ensure orderly market access.
Q: When will I be able to withdraw DOGS after listing?
A: DOGS withdrawals open at 10:00 UTC on August 27, 2024—approximately one day after spot trading begins.
Q: How is the delivery price calculated for pre-market futures?
A: It's based on the average index price over the last hour before delivery, sampled every 200 milliseconds. The index uses real-time pre-market trading data on OKX.
Q: Can I still trade DOGS futures after delivery?
A: No. Pre-market futures contracts are terminated upon delivery. Spot trading begins separately at 12:00 UTC on August 26.
Q: What happens if my position exceeds $10,000 at delivery?
A: You’ll face a temporary 30-minute restriction on transferring assets out of your trading account. This is a risk control measure.
Q: Where can I download my trade history after delivery?
A: Visit the Report Center on OKX’s web platform to export your order history and billing records.
Final Thoughts
The launch of DOGS on OKX represents a significant moment for meme tokens integrated within major blockchain ecosystems like TON. With clear timelines, transparent pricing mechanisms, and strong risk controls, OKX provides a secure environment for both retail and experienced traders.
Whether you're participating in pre-market futures or preparing for spot trading, staying informed is key. Monitor official updates closely and use tools like reduce-only orders and position tracking to maintain control in volatile conditions.
👉 Get ahead of the next big crypto launch with real-time market tools on OKX.