OKX has announced the listing of USDT-margined perpetual futures for DOG, a memecoin built on Bitcoin using the Runes standard. The trading officially went live on November 19, 2024, at 6:00 am UTC, accessible via OKX’s web and app platforms as well as its API.
This marks a significant milestone for DOG, a fully decentralized, community-driven token with 100% of its supply airdropped earlier this year as part of a volunteer initiative.
DOG, also known as DOG•GO•TO•THE•MOON, is an open-source token that champions Satoshi Nakamoto’s principles of decentralization. The perpetual futures trading pairs DOG against USDT, offering leverage options ranging from 0.01x to 50x.
Each contract is valued at 1,000 DOG, with price quotes provided in USDT. Trading is available 24/7, ensuring seamless access for investors globally. Â
OKX has implemented a funding fee mechanism to ensure fair pricing, with the initial fee capped at 0.03% until 4:00 pm UTC on November 19, 2024. Afterward, the limit will revert to the standard 1.50%, with the first charge applied at 8:00 pm UTC the same day. The funding interval for these contracts is set at four hours.
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