Key Listing Timeline for LAYER (Solayer)
👉 Discover LAYER trading opportunities on OKX
OKX will list Solayer's LAYER token according to the following schedule:
- Deposits Open: April 25, 2025, 2:00 PM (UTC+8)
- Call Auction Period: April 25, 2025, 5:00 PM - 6:00 PM (UTC+8)
- Spot Trading Begins: April 25, 2025, 6:00 PM (UTC+8) for LAYER/USDT pair
- Withdrawals Open: April 26, 2025, 10:00 PM (UTC+8)
Trading Restrictions for Investor Protection
During the first 5 minutes after spot trading begins:
- Market orders will be disabled
- Limit orders capped at $10,000 per transaction
- Maximum net position of $10,000 per user
These restrictions automatically lift after 5 minutes.
Price Limit Mechanisms
1. Closing Price-Based Limits (During Index Unavailability)
| Period | Buy Order Limit | Sell Order Limit |
|---|---|---|
| First minute post-listing | Call auction price × (1 + H) | No restriction |
| Minutes 1-N (pre-index) | Previous minute's close × (1 + H) | No restriction |
| After N minutes | No restriction | No restriction |
2. Index-Based Limits (When Available)
| Period | Buy Order Limit | Sell Order Limit |
|---|---|---|
| First 10 minutes | Index × (1 + X) | Index × (1 - X) |
| After 10 minutes | Complex formula using: Min/Max(Index, Index × (1+Y) + 2-minute premium average, Index × (1+Z)) | Reverse calculation |
Note: OKX may adjust parameters (N, H, X, Y, Z) or switch mechanisms without notice based on market conditions.
Call Auction System Explained
👉 Learn more about OKX's trading mechanisms
LAYER/USDT listing will use a 1-hour call auction system:
- Users can place orders at desired prices before official trading begins
Special rules apply:
- Maximum $50,000 buy volume per user during auction
- Last 5 minutes: Limit orders only (no modifications/cancellations)
- The project team's reference opening price (based on valuation) will be displayed post-auction
FAQ Section
Q: When can I start trading LAYER on OKX?
A: Spot trading begins April 25, 2025 at 6:00 PM UTC+8.
Q: Why are there trading restrictions initially?
A: These protect investors from extreme volatility common in new listings' first minutes.
Q: How is the opening price determined?
A: Through a combination of call auction results and project team valuation references.
Q: Can I place market orders immediately after listing?
A: No, market orders are disabled for the first 5 minutes.
Q: Where can I check real-time trading rules?
A: Visit OKX's official spot trading information page for updates.
Q: When will withdrawals be available?
A: LAYER withdrawals open April 26 at 10:00 PM UTC+8.
OKX remains committed to delivering exceptional products and services for all traders.