As part of an ongoing response to SingularityNET’s official migration requirements, OKX will officially delist the AGIX/USDT margin trading pair along with its AGIXUSDT perpetual futures contract. This strategic move ensures platform alignment with evolving blockchain standards and enhances overall trading safety. Below is a detailed breakdown of the changes, timelines, risk controls, and user recommendations.
Perpetual Futures Delisting Schedule
The AGIXUSDT perpetual futures contract will be delisted on June 28, 2024, between 8:00 and 9:00 UTC. After this window, all trading activity for this pair will cease permanently.
Key Details:
- All open orders in the order book will be automatically canceled upon delisting.
- Position delivery will occur at the arithmetic average price of the OKX index calculated over the one hour preceding delisting.
- In the event of index price anomalies during this final hour, OKX reserves the right to adjust the final settlement price to a fair and reasonable level.
- The funding rate at 8:00 UTC on delisting day will be set to 0%, meaning no funding fees will be charged during that cycle.
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Risk Management Recommendations
Due to potential high volatility before delisting, traders are strongly advised to:
- Reduce leverage exposure.
- Close positions proactively to avoid unexpected liquidations.
- Monitor account health closely in the final 48 hours.
Additionally:
- Users holding perpetual futures positions valued over $10,000 USD at delivery will face a 30-minute withdrawal freeze immediately after delisting.
- Asset transfers will resume normally after this brief restriction period.
- All order history and billing records remain accessible post-delisting via the Report Center on the OKX website for data backup.
Adjustments to Risk Control Parameters
To ensure smooth and secure settlement during the delisting phase, OKX has implemented temporary adjustments to its price limit mechanisms.
Price Limit Calculation Overview
Price limits are designed to prevent extreme slippage and protect market integrity. The rules are adjusted based on time-to-delivery:
Standard Calculation Logic:
Within first 10 minutes of contract generation:
- Highest price limit:
Index × (1 + X) - Lowest price limit:
Index × (1 – X)
- Highest price limit:
After 10 minutes:
- Highest:
Min[Max(Index, Index × (1 + Y) + Average premium over last 10 min), Index × (1 + Z)] - Lowest:
Max[Min(Index, Index × (1 – Y) + Average premium over last 10 min), Index × (1 – Z)]
- Highest:
Adjusted Parameters:
| Time Before Delivery | X | Y | Z |
|---|---|---|---|
| 48 hours | 2% | 2% | 5% |
| 30 minutes | 1% | 1% | 2% |
Note: If abnormal price deviations occur prior to delisting, OKX may further fine-tune these limits based on real-time market conditions.
These dynamic adjustments help maintain orderly trading while minimizing manipulation risks during sensitive transition periods.
Margin Trading Pair Suspension
In parallel with futures delisting, OKX will also phase out support for AGIX/USDT margin trading.
Timeline and Actions
| Trading Pair | Borrowing Suspension | Full Delisting Time |
|---|---|---|
| AGIX/USDT | June 26, 2024, 8:00 UTC | June 27, 2024, 9:00 UTC |
Key actions include:
- The borrowing function for AGIX will be disabled starting June 26 at 8:00 UTC.
- Full delisting occurs approximately 24 hours later, with all open margin orders canceled.
- The entire process may take up to one hour per trading pair.
Users currently using AGIX as collateral or borrowed assets in cross-margin or flexible loan accounts must:
- Repay outstanding loans before the delisting time.
- Withdraw or convert collateral to another supported asset.
Failure to repay by the deadline will trigger an automatic forced repayment mechanism, which could result in losses due to unfavorable liquidation prices.
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Changes to Discount Rates for AGIX
With the delisting, OKX is updating the discount rate framework for AGIX within multi-currency cross-margin accounts.
Updated Discount Structure
| Asset | Tier (USD) | Old Discount Rate | New Discount Rate |
|---|---|---|---|
| AGIX | 0 – 50,000 | 0.5 | 0 |
| >50,000 | 0 | 0 |
✅ Effective immediately: AGIX will no longer carry any discount rate — it drops from a previous tiered model (50% discount up to $50K) to zero valuation as margin collateral.
Why This Matters
In cross-margin trading, various cryptocurrencies are converted into USD equivalents to serve as margin. However, due to differences in liquidity, volatility, and market depth, platforms apply discount rates to reflect true risk-adjusted value.
By setting AGIX’s discount rate to zero:
- It can no longer be used as effective margin.
- Reduces systemic risk ahead of full removal from trading services.
- Encourages users to transition to more stable or actively traded assets.
Frequently Asked Questions (FAQ)
Q: Why is OKX delisting AGIX perpetual and margin products?
A: The delisting follows SingularityNET’s official migration roadmap. To maintain compliance and platform stability, OKX must align its offerings with the project's technical evolution.
Q: What happens if I don’t close my AGIX futures position before delisting?
A: All open positions will be automatically settled at the average index price one hour before delisting. You cannot trade or modify positions after that point.
Q: Will I lose money if my position is forcibly delivered?
A: While delivery is executed fairly using index data, unexpected market moves may affect profitability. Proactive position management minimizes such risks.
Q: Can I still withdraw AGIX after delisting?
A: Yes — spot deposits and withdrawals for AGIX are unaffected by this announcement. Only derivatives and margin functions are being removed.
Q: How do I back up my trading history?
A: Go to the Report Center on OKX.com and download your order history, billing records, and transaction logs before or after delisting — they remain permanently accessible.
Q: Is AGIX completely leaving OKX?
A: Not necessarily. While margin and perpetual futures are being delisted, spot trading may continue unaffected, depending on future platform decisions.
Final Reminders for Traders
Delistings are routine maintenance events aimed at improving platform security and user experience. However, they require proactive attention from traders.
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Recommended Actions:
- Close or hedge AGIX-related leveraged positions early.
- Repay all AGIX-denominated loans before deadlines.
- Avoid holding large unsettled contracts near delisting time.
- Use OKX’s risk management dashboard to simulate liquidation scenarios.
By staying informed and acting early, traders can avoid forced liquidations, frozen assets, or missed settlement windows.
OKX remains committed to transparency, user protection, and innovation in digital asset trading — ensuring a safer, smarter marketplace for all participants.
Last updated: June 26, 2024