As a seasoned analyst with a background in both traditional finance and emerging tech, I find the recent move by OKX to launch perpetual futures for AI-based projects like Alchemist AI (ALCH) and Aixbt particularly intriguing.
Given my experience in the industry, I’ve seen how AI is rapidly transforming various sectors, and this trend is increasingly visible in the crypto space. The addition of these two tokens to OKX’s perpetual futures offerings underscores the growing importance of AI in the cryptocurrency ecosystem.
However, it’s important to note that while both ALCH and AIXBT have shown impressive gains recently, they’ve also experienced significant volatility. As such, potential investors should exercise caution and due diligence before diving in.
Now, let me share a little joke that I think is fitting here: Why don’t we ever let AI predict the crypto market? Because it always says “Buy”… and then proceeds to sell! Remember, always do your research and never invest more than you’re willing to lose. Happy trading!
On January 3rd at 7:00 UTC, the major cryptocurrency exchange OKX introduces perpetual futures contracts for two additional native tokens originating from AI-focused projects, Alchemist AI and aixbt.
As per a recent announcement, OKX is set to commence trading for AIXBT/USDT perpetual futures starting January 3rd at 7:00 UTC. For ALCH/USDT perpetual futures, trading support will follow on the same day, opening exactly 15 minutes after AIXBT, which is at 7:15 UTC.
The available contracts can be traded with a starting leverage as low as 0.01 and can go up to 50 times the initial amount, if desired.
On OKX, the introduction of ALCH/USDT and AIXBT/USDT perpetual contracts took place a week following the exchange’s launch of perpetual futures on USDT for AI projects Griffain (GRIFFAIN) and Zerebro (ZEREBRO). Moreover, the platform listed the Virtuals Protocol (VIRTUAL) token in mid-December.
OKX added ALCH/USDT and AIXBT/USDT perpetual contracts a week after launching futures for AI projects Griffain and Zerebro. They also listed the Virtuals Protocol token around mid-December.
The platform called Aixbt is recognized as an AI-driven crypto market analysis tool that enables users to apply advanced AI technology in the cryptocurrency sector. The symbol of the AIXBT AI agent’s account is a purple Pepe the Frog donning a hood. Lately, there was an error in reporting FTX’s repayment amount and timeline, which was swiftly rectified.
In simpler terms, Alchemist AI serves as an intuitive tool where users can effortlessly develop software applications by simply explaining what they want. This platform streamlines the application creation process for individuals interested in leveraging AI technology.
Presently, as I’m typing this, Alchemist AI’s token ALCH is being traded for approximately $0.175 based on information from CoinGecko. Interestingly, despite its recent listing on OKX, the token has experienced a drop of around 9% within the past hour and a more substantial decrease of about 15.3% over the last 24 hours.
Even though it might not seem like it at first glance, ALCH has demonstrated significant growth over a longer period. In fact, just within the last week alone, this token experienced an impressive surge of 117%. Moreover, if we look back over the past month, its value skyrocketed by a whopping 222%!
In contrast, the token named AIXBT saw a minimal increase of 1.1% due to the recent announcement. However, over the last 24 hours, its value has decreased by 15%. At present, it’s being traded at around $0.50.
Just like ALCH, AIXBT has experienced significant increases recently. Over a span of seven trading days, AIXBT has soared by approximately 54.8%, and over the last month, it’s jumped by more than 90%.
As stated in the announcement, the price restriction guidelines set by the exchange apply to both AIXBT/USDT and ALCH/USDT trading pairs. This implies that for futures launched in the near future, OKX will initially cap the funding fee at a maximum of 0.03% before 16:00 UTC on the day of launch. Post 16:00 UTC, the fee limit will revert to its regular level of 1.50%. Additionally, it is worth mentioning that the implementation of this funding fee will take effect on January 3 at 20:00 UTC.
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2025-01-03 14:18