OKX has announced the upcoming removal of margin trading and perpetual futures pairs for SingularityNET’s AGIX token, in alignment with official migration requirements from the SingularityNET project. This change affects both spot margin and derivatives markets, with specific timelines and risk management adjustments in place to ensure a smooth transition for users.
This article outlines the full timeline, procedural details, risk controls, and user recommendations related to the delisting. Whether you're currently holding AGIX positions or using it as collateral, understanding these updates is crucial to managing risk and avoiding forced liquidations.
Perpetual Futures Delisting Schedule
OKX will officially delist the AGIXUSDT perpetual futures contract on June 28, 2024, between 8:00 and 9:00 UTC. After this window, all trading functionality for this pair will be disabled.
Key Actions During Delisting
- All open orders in the order book will be automatically canceled.
- Outstanding positions will be settled at the arithmetic average price of the OKX index, calculated one hour before delisting.
- If the index price shows anomalies during that final hour, OKX reserves the right to adjust the settlement price to a fair and reasonable level.
- The funding rate at 08:00 UTC on June 28 will be set to 0%, meaning no funding payments will be charged or collected for that cycle.
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Post-Delisting Transfer Restrictions
For risk mitigation:
- Users holding positions valued over $10,000 at the time of settlement will not be able to transfer assets out of their trading account for the first 30 minutes after delisting.
- Normal withdrawal functionality resumes after this brief hold period.
All order history and billing records will remain accessible post-delisting. Users are encouraged to download necessary data via the Reports Center on OKX’s web platform before or after the event.
Adjusted Risk Control Parameters
To maintain market stability during the delisting phase, OKX has temporarily modified its price limit rules for the AGIXUSDT perpetual contract.
Price Limit Calculation Rules
During normal operations, price limits are determined using a formula based on the index price, premium, and predefined thresholds (X, Y, Z). As the delisting date approaches, these thresholds are tightened to reduce volatility.
| Time Before Delisting | X | Y | Z |
|---|---|---|---|
| 48 hours | 2% | 2% | 5% |
| 30 minutes | 1% | 1% | 2% |
These adjustments mean narrower allowable price movements as the settlement time nears, helping prevent extreme slippage or manipulation.
Note: If abnormal price deviations occur prior to delisting, OKX may further adjust price limits based on real-time market conditions to ensure fair execution.
Margin Trading Suspension for AGIX/USDT
In addition to futures, OKX will also suspend margin trading for the AGIX/USDT pair.
| Action | Date & Time (UTC) |
|---|---|
| Suspension of lending | June 26, 2024 – 08:00 |
| Full delisting of pair | June 27, 2024 – 09:00 |
Each step will take approximately one hour to complete across systems.
What This Means for Margin Users
- Open margin orders will be canceled.
- Flexible loans involving AGIX or USDT in this pair will no longer be available after the respective deadlines.
- Users must repay any outstanding loans before the delisting deadline.
- Failure to repay by the cutoff time may result in forced repayment, where OKX automatically liquidates collateral to settle debts.
Given potential price volatility around these dates, users are strongly advised to:
- Cease trading AGIX-related margin pairs.
- Close all underlying positions early.
- Repay loans proactively to avoid penalties.
Adjustment to Discount Rate for AGIX
As part of cross-margin multi-currency risk management, OKX applies discount rates to reflect liquidity differences among assets. With the delisting, the discount rate for AGIX has been updated:
| Asset | Previous Tier (USD) | Previous Discount | New Tier (USD) | New Discount |
|---|---|---|---|---|
| AGIX | 0–50,000 | 0.5% | 0 | 0% |
| >50,000 | 0% | — | — |
Now, AGIX carries a 0% discount rate across all tiers, meaning it will no longer contribute value when used as margin in cross-margin accounts.
This change reflects reduced market confidence and liquidity expectations ahead of full delisting and impacts how much buying power users can derive from holding AGIX in leveraged accounts.
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Frequently Asked Questions (FAQ)
Why is OKX removing AGIX trading pairs?
OKX is removing AGIX margin and perpetual futures trading due to official migration requirements from SingularityNET. These project-led changes often precede token upgrades or network transitions, prompting exchanges to adjust their listing status accordingly.
What happens if I don’t close my AGIX position before delisting?
If you hold an open perpetual futures position at the time of delisting, OKX will automatically settle it at the average index price one hour before removal. For margin positions, failure to repay loans may lead to forced liquidation of your collateral.
Can I still trade AGIX on OKX after June 27?
While margin trading ends on June 27, and futures are removed on June 28, spot trading may still be available unless further announcements are made. Always check the latest product listings directly on OKX.
Will I lose access to my transaction history after delisting?
No. Your order history, billing records, and trade logs will remain accessible through the Reports Center on OKX’s website. It’s recommended to download important data for personal backup.
How does the discount rate change affect my margin account?
Since AGIX now has a 0% discount rate, it cannot be used effectively as collateral in cross-margin multi-currency accounts. This reduces its utility in leveraged strategies and may trigger margin calls if your account relies heavily on AGIX-backed value.
Is there a way to avoid forced repayment?
Yes. To avoid forced repayment:
- Repay all borrowed amounts before the June 27 deadline.
- Reduce leverage or close positions early.
- Monitor your loan status via the margin dashboard.
Final Recommendations
The phased delisting of AGIX from OKX’s margin and futures markets marks a critical window for active traders and leveraged investors. With tight timelines and automated processes kicking in, manual intervention is essential to protect your capital.
Key steps to take:
- Close open futures and margin positions early.
- Repay any AGIX or USDT loans before deadlines.
- Download historical data for compliance or tax purposes.
- Review your portfolio’s exposure to low-liquidity assets during migration events.
Market volatility often spikes around delistings—especially for tokens undergoing protocol changes. Staying informed and proactive helps mitigate unexpected losses.