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

OKX (formerly OKEx)

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Major crypto exchange OKX launches perpetual futures for two more native tokens from AI-based projects, Alchemist AI and aixbt, on Jan. 3 at 7:00 UTC.

According to a recent notice, OKX trading support for AIXBT/USDT perpetual futures will begin on Jan. 3 at 7:00 UTC. Meanwhile, trading support for ALCH/USDT perpetual futures will open on the same day but 15 minutes after 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 ALCH/USDT and AIXBT/USDT perpetual contracts on OKX occurs only a week after the exchange launched perpetual futures on USDT for AI projects GRIFFAIN

aixbt is known as an AI agent and crypto market analysis platform that grants users the ability to utilize AI technology in the crypto space. The AIXBT agent’s X account boasts an image of a purple Pepe the Frog wearing a hood as its icon. Most recently, the agent misreported FTX’s repayment amount and schedule, but was quick to correct the mistake.

Meanwhile, Alchemist AI is a no-code development platform that lets users create their own software applications with just a simple description. The platform simplifies the process for users seeking to create applications using AI technology.

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

Though, ALCH has shown more gains in the long run. The token soared by 117% in the past week and 222% in the past month.

On the other hand, aixbt’s token of the same name was lifted only slightly by the announcement by 1.1%. Though, in the past 24 hours, the token has gone down by 15%. AIXBT is currently trading hands at $0.50.

Similar to ALCH, AIXBT has also seen higher gains in the past few days. In seven days of trading, AIXBT has surged by 54.8% and more than 90% in the past month.

According to the notice, the exchange’s price limit rules apply to AIXBT/USDT and ALCH/USDT. This means that for newly launched futures, OKX will implement an upper limit for the funding fee at 0.03% before 16:00 UTC on launch day. After 16:00 UTC, the limit will go back to normal, which is 1.50%. It is also noted that the funding fee will come into effect on Jan. 3 at 20:00 UTC.