**OKX Launches USDT-Margined Pre-Market Perpetual Futures for Sentient (SENT) Token**
Cryptocurrency exchange OKX has announced the launch of USDT-margined pre-market perpetual futures for the Sentient (SENT) token, marking a significant development in its trading offerings.
### Understanding Pre-Market Perpetual Futures
Pre-market perpetual futures are a unique financial instrument that allows traders to engage in futures trading on cryptocurrencies before they are officially listed on the spot market. These futures are USDT-margined and typically convert to standard perpetual futures once the cryptocurrency is officially listed.
This initiative by OKX is designed to enhance price discovery for new tokens while providing a reliable trading platform for early market participants.
### Details of SENT Pre-Market Futures
The Sentient (SENT) token, described as an open-source artificial intelligence development platform, will be traded against USDT in these futures contracts.
Key contract specifications include:
– **Face Value:** 100 SENT
– **Tick Size:** 0.00001
– **Leverage:** Ranging from 0.01x up to 5x
– **Funding Rate:** Fixed daily rate of 0.03%, with funding fee settlements every four hours
– **Trading Hours:** 24/7
These pre-market futures will operate continuously, although the exact date when they convert to standard perpetual futures remains undetermined. OKX will announce the conversion date separately once SENT is officially listed on the spot market.
### Trading Risks and Considerations
OKX advises traders to be aware of potential market fluctuations since the Sentient project has not yet confirmed its issuance plan, meaning the total supply of SENT tokens remains uncertain.
Additionally, prices of pre-market futures are heavily influenced by market behavior and may not accurately reflect the actual listing price upon launch.
Traders are encouraged to exercise caution and stay informed about evolving market conditions. It is important to note that participating in these pre-market futures does not guarantee that SENT will eventually list on the spot market.
OKX also retains the right to suspend trading under pre-market conditions at its discretion.
For more detailed information, interested parties can refer to OKX’s official announcement.
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As the cryptocurrency market continues to evolve, OKX’s introduction of pre-market perpetual futures for SENT represents a strategic move to attract traders eager to engage with new tokens before their official market debut.
https://bitcoinethereumnews.com/tech/okx-introduces-pre-market-perpetual-futures-for-sentient-sent/