The cryptocurrency landscape continues to evolve with innovative projects and advanced trading instruments. OKX, a leading digital asset exchange, is set to expand its derivatives offerings by introducing pre-market futures for MAJOR, the native token of the emerging Telegram-based Play-to-Earn game Major. This move allows traders early access to price discovery before the official spot listing, providing strategic opportunities in a fast-moving market.
Scheduled to go live on November 14, 2024, at 07:00 UTC, these USDT-margined futures contracts will be available across OKX’s web platform, mobile app, and API—ensuring seamless access for both retail and professional traders.
👉 Discover how pre-market futures can boost your trading strategy today.
What Is Major? A Closer Look at the Project
Major is more than just another meme-inspired token—it's a gamified ecosystem built on the TON (The Open Network) blockchain, designed to increase engagement within Telegram’s rapidly expanding Web3 environment. As a Play-to-Earn (P2E) game hosted directly on Telegram, Major introduces unique utility for its $MAJOR token:
- In-game mechanics: Players use $MAJOR for upgrades, challenges, and progression.
- Digital identity ownership: Tokens are used to rent premium Telegram usernames and phone number NFTs, blending social identity with blockchain innovation.
This integration with Telegram—a platform boasting over 800 million users—positions Major at the intersection of social media, gaming, and decentralized finance (DeFi), making it a high-potential project in the eyes of investors and traders alike.
Asset Name: Major
Ticker Symbol: MAJOR
As interest grows, tracking the price of MAJOR becomes increasingly important—not just after listing, but during the crucial pre-launch phase where sentiment and speculation drive volatility.
Understanding Pre-Market Futures on OKX
OKX has recently introduced pre-market futures, a powerful tool that enables traders to speculate on cryptocurrencies before they are officially listed on the spot market. These contracts offer several key advantages:
- Early exposure to emerging assets
- Opportunity to influence and participate in price discovery
- USDT-settled contracts for stability and ease of use
- Available 24/7 with flexible leverage options
Unlike traditional futures tied to established markets, pre-market futures allow forward-looking trading based on market expectations rather than current spot prices.
Key Features of MAJOR/USDT Pre-Market Futures
| Feature | Detail |
|---|---|
| Underlying | MAJOR/USDT Index (based on last traded contract price) |
| Settlement Currency | USDT |
| Contract Size | 100 MAJOR per contract |
| Price Quotation | Price quoted in USDT per 1 MAJOR |
| Tick Size | 0.000001 USDT |
| Leverage Range | 0.01x to 5x |
| Trading Hours | 24/7 |
| Contract Type | Expiring futures |
| Delivery Date | To be announced; typically occurs after official spot listing |
These contracts will not have a fixed delivery date at launch. Instead, OKX will announce the settlement timeline separately, usually aligning it with or shortly after the official spot market listing of MAJOR.
Risk Management: Position Limits and Margin Requirements
To ensure market stability and protect traders from excessive risk, OKX implements tiered position limits and margin rules tailored specifically for pre-market futures.
Tier-Based Position Limits
Your trading level determines your maximum open positions and required margins:
- Levels 1–12 scale from 1,000 to 100,000 contracts.
- Maintenance Margin Ratio (MMR) increases gradually from 5% to 28%.
- Initial Margin Ratio (IMR) remains steady at 33.33% beyond Level 1.
- Maximum leverage decreases from 5x to 3x as position size grows.
This tiered system encourages responsible trading while accommodating institutional-grade volume as confidence in the asset builds.
User-Specific Position Caps
In addition to tier levels, user status affects maximum exposure:
- Designated Market Makers (DMMs): Up to 100,000 contracts
- Non-DMM Users: Capped at 8,000 contracts
This distinction supports liquidity provision by trusted market participants while limiting speculative overexposure among general users.
Frequently Asked Questions (FAQ)
Q: What are pre-market futures?
A: Pre-market futures allow traders to take positions in a cryptocurrency before it’s officially listed on the spot market. They help establish early price signals based on supply and demand dynamics.
Q: Will MAJOR definitely be listed on the spot market?
A: While pre-market futures suggest strong interest, OKX does not guarantee a future spot listing. Any updates regarding official listing plans will be communicated through official announcements.
Q: How is the MAJOR/USDT index price determined?
A: The index reflects the last traded price of the pre-market futures contract and serves as the underlying reference for pricing and settlement.
Q: Can I lose more than my initial investment?
A: With USDT-margined futures and proper risk management, losses are typically limited to your margin balance. However, in extreme volatility, there’s a small risk of liquidation beyond initial margin under certain conditions.
Q: When will the delivery date be announced?
A: The delivery schedule will be shared separately, usually after confirmation of the spot market launch.
Q: Are there risks involved in trading pre-market futures?
A: Yes. Since the project team hasn't confirmed total token supply or emission schedule, price volatility may be high. Market-driven pricing may also differ significantly from the eventual spot listing price.
Prepare for Trading: Steps to Get Started
To participate in MAJOR/USDT pre-market futures trading:
- Ensure your account supports USDT-margined futures.
- Complete any necessary verification steps.
- Deposit sufficient USDT into your futures wallet.
- Monitor your risk parameters—set stop-losses and position sizes wisely.
- Stay updated via OKX announcements for changes in rules or delivery dates.
👉 Start preparing now—secure your USDT balance and get ready for early access trading.
Important Risk Disclosures
While pre-market futures offer exciting opportunities, they come with notable risks:
- The total token supply of MAJOR is unconfirmed, meaning future inflation or deflation could drastically affect value.
- Prices in pre-market trading are speculative and may not reflect the actual listing price.
- OKX reserves the right to suspend pre-market trading at any time, without prior notice.
- There is no assurance that MAJOR will ever be listed on the spot market.
Traders should conduct independent research, monitor official channels, and only allocate funds they can afford to lose.
Final Thoughts
The introduction of pre-market futures for MAJOR highlights OKX’s commitment to innovation in crypto derivatives. By enabling early trading on promising new assets like this TON-powered gaming token, OKX empowers users to engage with emerging projects at the earliest stages—offering both opportunity and insight into market sentiment.
As Telegram continues to emerge as a hub for Web3 innovation, projects like Major could represent the next wave of mass adoption. With disciplined trading and informed decision-making, you can position yourself ahead of the curve.
👉 Join one of the most dynamic platforms for next-gen crypto trading—explore what’s possible with OKX.
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