The OKX exchange is set to introduce MOVE (Movement) to its spot trading market, marking a significant milestone for the Movement Network ecosystem. This listing will provide traders and investors with early access to a next-generation modular blockchain asset built on the Move programming language. Below is a comprehensive overview of the listing timeline, trading rules, project background, and key details you need to know.
🕒 Listing Schedule and Trading Timeline
OKX has announced a structured rollout for the MOVE/USDT trading pair, ensuring a smooth and secure market introduction. Here’s the complete schedule:
- December 4, 2024, at 06:00 UTC: MOVE tokens become visible on OKX, allowing users to view the asset and prepare for trading.
- December 9, 2024, from 11:00 to 12:00 UTC: Call auction phase begins.
- December 9, 2024, at 12:00 UTC: Spot trading for MOVE/USDT officially launches.
- December 10, 2024, at 10:00 UTC: MOVE tokens are fully unlocked and transferable.
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This phased approach helps stabilize price discovery and reduces the risk of extreme volatility during the initial trading window.
🔐 Spot Trading Launch Rules
To protect traders during the highly volatile first moments of trading, OKX has implemented temporary restrictions for the first 5 minutes after the market opens:
- Market orders are disabled — users cannot execute instant buy/sell trades.
- Limit orders are capped at $10,000 per order — this prevents large price swings caused by oversized trades.
These safeguards are automatically lifted after the initial 5-minute period, after which standard trading conditions apply.
🧩 Understanding the Call Auction Mechanism
OKX uses a call auction model to ensure fair and transparent price discovery for newly listed assets like MOVE. Here’s how it works:
During the one-hour call auction period (11:00–12:00 UTC on December 9), users can submit limit buy and sell orders at their preferred prices. The system collects all orders and calculates an indicative opening price based on supply and demand equilibrium.
After the auction concludes:
- The opening price is determined algorithmically.
- OKX will also display the project team’s stated opening price on the auction chart for informational purposes.
It’s important to note:
The project team’s opening price is for reference only. It does not influence the actual auction outcome or your trade execution prices.
This dual-display system enhances transparency while maintaining market-driven fairness.
🌐 About Movement Network and MOVE Token
Movement Network is a cutting-edge modular blockchain ecosystem built on the Move language, originally developed by Meta for the Diem blockchain. It bridges the gap between Move-based and EVM-compatible networks, enabling developers to build secure, high-performance decentralized applications (dApps) that operate seamlessly across chains.
Key Project Highlights:
- Asset Name: Movement
- Ticker Symbol: MOVE
- Total Supply: 10,000,000,000 MOVE
- Token Contract Address:
0x3073f7aAA4DB83f95e9FFf17424F71D4751a3073 - Blockchain Foundation: Move-based modular architecture
Movement Network aims to solve critical blockchain challenges such as scalability, security, and interoperability. By combining Move’s robust asset-centric programming model with EVM compatibility, it empowers developers to deploy innovative financial and gaming applications with reduced risk of smart contract vulnerabilities.
💸 How to Prepare for MOVE/USDT Trading
To participate in the initial trading phase, users should ensure their accounts are funded with USDT ahead of the launch.
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Follow these steps:
- Log in to your OKX account.
- Navigate to Funding > Deposit.
- Select USDT and choose your preferred network (e.g., TRC20, ERC20).
- Transfer funds from your wallet or another exchange.
- Confirm receipt and monitor your balance.
Having USDT ready ensures you can act quickly once trading goes live—especially important during high-demand launches like this.
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- MOVE token listing
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These terms reflect common queries from crypto enthusiasts seeking timely information about upcoming listings and trading strategies.
❓ Frequently Asked Questions (FAQ)
Q: What is the purpose of the call auction?
A: The call auction allows OKX to determine a fair opening price by aggregating buy and sell orders before trading begins. It reduces volatility and prevents price manipulation during the launch.
Q: Can I place market orders during the first 5 minutes?
A: No. Market orders are disabled for the first 5 minutes after trading starts. Only limit orders under $10,000 are allowed during this period.
Q: Is the project team’s opening price the same as the auction price?
A: No. The project team’s opening price is informational only. The actual opening price is determined by the call auction mechanism based on user orders.
Q: When can I withdraw MOVE tokens?
A: MOVE tokens will be unlockable and transferable starting December 10, 2024, at 10:00 UTC.
Q: Why is Movement Network important?
A: Movement Network combines the security of the Move programming language with EVM compatibility, enabling scalable, cross-chain dApp development—a major advancement in modular blockchain infrastructure.
Q: Is there a risk in trading newly listed tokens?
A: Yes. New tokens like MOVE can be highly volatile and speculative. Prices may fluctuate dramatically in early trading. Always conduct your own research and assess your risk tolerance before investing.
⚠️ Risk Disclaimer
The information provided in this article is for general informational purposes only and may include third-party content. OKX does not guarantee the accuracy, completeness, or reliability of any information presented. This content is not financial, investment, legal, or tax advice.
Digital assets are speculative in nature and subject to high market risk. Prices can fluctuate rapidly, and you may lose your entire investment. OKX is not responsible for any losses incurred from trading activities.
Always perform independent due diligence and consult with a qualified professional before making any investment decisions. Be aware of local regulations—this information may not be suitable for residents of certain jurisdictions.
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By listing MOVE on its spot platform, OKX continues to support innovative blockchain projects that push the boundaries of decentralized technology. Traders now have a timely opportunity to engage with a promising asset at the forefront of modular blockchain development.