The cryptocurrency landscape continues to evolve, with innovative tokens and trading instruments emerging to meet growing market demand. Among the latest developments, OKX has announced the upcoming launch of PROMPT-related financial products, including leverage trading, perpetual contracts, and Simple Earn services. These additions expand trading opportunities for users seeking exposure to promising digital assets with flexible and powerful tools.
This article covers everything you need to know about the new PROMPTUSDT offerings on OKX, including key specifications, trading parameters, and how users can benefit from these advanced features.
Leverage Trading and Simple Earn for PROMPT
Starting April 11, 2025, at 12:10 PM (UTC+8), OKX will officially enable leverage trading and Simple Earn services for the PROMPT token. This marks a significant step in enhancing user access to emerging crypto assets through margin-based strategies and passive income options.
Leverage Trading Details
- Supported Trading Pair: PROMPT/USDT
- Leverage Availability: Users can trade PROMPT using USDT as collateral in margin accounts.
- Leverage Tiering: The platform applies a dynamic tiered margin system based on position size and risk exposure. Users are encouraged to review the full Margin Borrowing Position Tiers for detailed information on borrowing limits, maintenance margins, and liquidation thresholds.
Leverage trading allows investors to increase their market exposure with a smaller capital outlay. However, it also increases risk—especially during high-volatility periods—so traders should implement proper risk management techniques such as stop-loss orders and position sizing.
Simple Earn: Passive Income on PROMPT Holdings
OKX’s Simple Earn program enables users to earn competitive yields on their idle PROMPT holdings. Starting April 11, users can deposit PROMPT into flexible or fixed-term savings products and earn interest over time.
- Availability: Both flexible and fixed subscription options may be offered, depending on market conditions and demand.
- Yield Determination: Interest rates are influenced by supply and demand dynamics within the lending market.
- Redemption Terms: Flexible products allow instant withdrawals; fixed terms offer higher APYs but require locking funds for a set duration.
For full details on eligibility, interest accrual schedules, and redemption rules, refer to the OKX Savings Rules.
PROMPTUSDT Perpetual Contract Launch
On April 10, 2025, at 9:30 PM (UTC+8), OKX will go live with the PROMPTUSDT perpetual contract, available across web, mobile app, and API interfaces. This derivative product allows traders to speculate on the price of PROMPT against USDT with up to 20x leverage—ideal for both short-term speculation and hedging strategies.
Key Contract Specifications
- Underlying Index: PROMPT/USDT
- Settlement Currency: USDT
- Contract Size: 10 USDT per contract
- Price Quotation: Based on the USDT value of 1 PROMPT
- Minimum Price Increment (Tick Size): 0.00001 USDT
- Maximum Leverage: Up to 20x (adjustable down to 0.01x)
- Trading Hours: 24/7, 365 days a year
Funding Rate Mechanism
Perpetual contracts on OKX use a funding fee system to align the contract price with the spot market. For PROMPTUSDT:
Funding Fee = Clamp(MA[((Bid + Ask) / 2 – Spot Index Price) / Spot Index Price – Interest], -1.5%, 1.5%)
Where Interest = 0
- Funding Interval: Every 4 hours (at 00:00, 04:00, 08:00 UTC+8, etc.)
- Payment Method: Paid directly between longs and shorts (no exchange fee)
Special Funding Rate Adjustment at Launch
Due to potential price volatility during the initial phase:
- From launch until April 11, 2025, at 00:00 UTC+8, the funding rate cap will be limited to ±0.5%.
- After this period, the cap returns to the standard ±1.5%.
- The first actual funding payment will occur at 04:00 AM UTC+8 on April 11.
⚠️ Note: If abnormal pricing or extreme market deviation occurs, OKX reserves the right to adjust funding parameters temporarily to ensure market stability.
All other trading rules—including order types, liquidation mechanisms, insurance funds, and risk limits—are consistent with existing USDT-margined perpetual contracts on OKX. For comprehensive guidance, see the Perpetual Swap Trading User Agreement.
Why Trade PROMPT on OKX?
The introduction of multiple financial instruments for PROMPT reflects its growing relevance in the ecosystem. Traders and investors now have several ways to engage:
- Short-Term Traders: Use perpetual contracts with up to 20x leverage for directional bets.
- Long-Term Holders: Earn passive income via Simple Earn without selling assets.
- Arbitrageurs: Exploit price differences between spot and futures markets.
- Hedgers: Offset portfolio risk using inverse positions.
OKX provides robust infrastructure with deep liquidity, low-latency execution, and advanced charting tools—making it an ideal platform for all types of market participants.
👉 Start trading PROMPTUSDT perpetuals with powerful analytics and secure infrastructure.
Frequently Asked Questions (FAQ)
Q1: When does the PROMPTUSDT perpetual contract go live?
The contract launches on April 10, 2025, at 9:30 PM (UTC+8) on all OKX platforms—web, mobile app, and API.
Q2: Can I use leverage when buying PROMPT in spot markets?
No. Leverage is only available through margin trading or derivatives like perpetual contracts. Spot trading requires full payment in USDT or other supported currencies.
Q3: What is the minimum amount needed to start trading PROMPTUSDT futures?
There is no fixed minimum, but due to the contract size of 10 USDT, practical entry typically starts around that amount or higher depending on leverage used.
Q4: How are Simple Earn interest payments calculated?
Interest is calculated daily based on your average balance during each settlement period and credited according to the product type—flexible or fixed.
Q5: Is there a risk of liquidation in perpetual contracts?
Yes. If your margin falls below the maintenance level due to adverse price movements, your position may be automatically liquidated. Use risk controls like stop-losses and position sizing wisely.
Q6: Will there be promotional rewards for early traders?
While no promotions are currently announced, OKX frequently runs incentive campaigns for new listings. Keep an eye on official announcements for potential bonus opportunities.
Final Thoughts
The rollout of PROMPT support across multiple product lines—leverage trading, perpetual contracts, and Simple Earn—demonstrates OKX’s commitment to delivering comprehensive financial tools for modern crypto users.
Whether you're looking to actively trade with leverage or grow your holdings passively, these new features offer flexibility and opportunity. As always, ensure you understand the risks involved—especially with leveraged products—and trade responsibly.
With intuitive interfaces, real-time data, and institutional-grade security, OKX empowers both novice and experienced traders to navigate the evolving crypto economy with confidence.
Stay informed, stay strategic, and make the most of every market movement.