OKX adds more AI projects to perpetual futures with AIXBT and ALCH on Jan. 3

Major crypto exchange OKX will launch more permanent futures for two native tokens from AI-based projects, Alchemist AI and aixbt, on January 3 at 7:00 UTC.

According to a recent announcement, OKX trading support for AIXBT/USDT futures will begin at 7:00 UTC on January 3. Meanwhile, trading support for ALCH/USDT perpetual futures will open on the same day, but 15 minutes later than AIXBT, specifically at 7:15 UTC.

Both perpetual contracts are offered with a minimum leverage of 0.01x and a maximum leverage of up to 50x.

The addition of the ALCH/USDT and AIXBT/USDT perpetual contracts to OKX comes just a week after the exchange launched perpetual futures on USDT for the GRIFFAIN (GRIFFAIN) and ZEREBRO (ZEREBRO) AI projects. It also listed the AI ​​broker platform Virtuals Protocol (VIRTUAL) token in mid-December.

aixbt is known as an AI broker and crypto market analysis platform that gives users the ability to use AI technology in the crypto space. The AIXBT representative’s X account has a picture of a purple Pepe the Frog in a hoodie as the icon. Recently, the representative misreported FTX’s refund amount and schedule but quickly corrected the error.

Alchemist AI, meanwhile, is a code-free development platform that allows users to create their own software applications with just a simple description. The platform simplifies the process for users who want to create applications using artificial intelligence technology.

At the time of writing, Alchemist AI’s token ALCH is trading at $0.175, according to CoinGecko data. Despite the recent OKX listing, the token has lost nearly 9% in value in the last hour and 15.3% in the last 24 hours of trading.

But ALCH made more gains in the long run. The token rose 117% last week and 222% last month.

AIXBT price chart over the last seven days of trading, January 3, 2024 | Source: CoinGecko

On the other hand, aixbt’s eponymous token rose only slightly by 1.1% with the announcement. However, in the last 24 hours, the token has fallen by 15%. AIXBT is currently trading at $0.50.

Similar to ALCH, AIXBT has also seen higher gains over the past few days. AIXBT is up 54.8% in seven days of trading and is up over 90% in the past month.

According to the announcement, the exchange’s price limit rules will apply to AIXBT/USDT and ALCH/USDT. This means that for newly launched futures, OKX will impose a cap on the funding fee of 0.03% before 16:00 UTC on the launch day. After 16:00 UTC the limit will return to normal at 1.50%. It was also stated that the funding fee will come into force as of January 3, 20:00 UTC.

Disclosure: This article does not constitute investment advice. The content and materials on this page are for educational purposes only.