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OKX has announced that pre-market futures for HMSTR will be delivered after the token is officially <a href="https://www.cryptotimes.io/2024/08/30/okx-to-list-hamster-kombats-hmstr-token-september-26/" target="_blank" rel="noreferrer noopener">listed for spot trading</a> on September 26, 2024. While the exact timeline will be shared later, here’s what to know so far. 
The delivery of pre-market contracts is set to happen three hours after the HMSTR token is listed on the spot market. The delivery price will be calculated two to three hours post-listing.&nbsp; 
If there’s any change in the listing time, the contract delivery time will be adjusted accordingly. OKX will keep users <a href="https://www.okx.com/help/okx-to-modify-delivery-time-of-pre-market-futures-for-hmstr-crypto" target="_blank" rel="noreferrer noopener nofollow">updated</a> with any changes through their announcements. 
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Regarding the delivery price, OKX plans to use an index price, which will include data from over three mainstream exchanges. The final delivery price will be the arithmetic average of the OKX index price one hour before delivery. If there’s an unusual price fluctuation, OKX may adjust this price to ensure a fair delivery. 
It’s important to note that if users hold more than $10,000 worth of HMSTRUSDT futures contracts at delivery time, users won’t be able to transfer assets from their trading account for 30 minutes after delivery.&nbsp; 
Asset transfers will return to normal after this period, and users can still access their order history and billing records. If needed, users can download this data from the Order Center on the OKX website. 
With the market likely to fluctuate before delivery, OKX advises users to manage their risk by reducing leverage or closing positions in advance. If there’s an over loss during delivery, OKX will cover losses using its insurance fund. 
Settlement fees are set at 1%, but this may be adjusted as needed. Additionally, price limits will be in place for pre-market contracts, with the highest buy price and lowest sell price determined by recent average prices. These limits will tighten in the hour before delivery to keep trading within a controlled range. 
After generating contracts in the pre-market, the highest price for buy orders is set at 15% above the average mid-price from the past hour, while the lowest price for sell orders is set at 15% below that same average. In the final 60 minutes before delivery, the highest buy price is capped at 5% above the Index Price, and the lowest sell price is 5% below it. The mid-price, which is the average of the best bid and ask prices, is recalculated every minute to determine these limits. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/09/02/hamster-kombat-daily-combo-cards-and-daily-cipher-code/" target="_blank" rel="noreferrer noopener">Hamster Kombat Daily Cipher Code and Combo Card</a> 
</blockquote>

OKX Updates HMSTR Pre-market Futures Delivery for Sept 26

The Crypto Times

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