A leading exchange has launched FOGO spot trading, with pre-market contracts synchronized to perpetual contracts.

【Blockchain Rhythm】 A major exchange officially announced the launch of FOGO spot trading. At the same time, pre-market contracts will be converted into standard perpetual contracts. Here are the detailed launch arrangements:

The FOGO deposit channel was opened at 14:30(UTC+8) on January 13. Friends who want to participate in trading can prepare in advance.

From 21:00 to 22:00(UTC+8) on January 15, FOGO/USDT will initiate a call auction. This one-hour auction period helps to discover a more reasonable opening price.

At 22:00(UTC+8) on the same day, FOGO/USDT spot trading officially opens, and the pre-market contracts also begin to convert at this time. The conversion window is within 3 hours starting from 22:00, and as long as the index remains stable, the switch can be completed.

The FOGO withdrawal channel will open at 00:00(UTC+8) on January 16. The entire process from deposit to withdrawal takes approximately 24 hours.

If you have a FOGO position or are interested in this token, remember these key time points so you won’t miss out.

FOGO-3,49%
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MergeConflictvip
· 38m ago
It's the same pre-opening auction process again. What reasonable price can be discovered? Just surge at the opening.
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SchrodingersFOMOvip
· 01-14 06:57
Another new coin is launching. This time, I don't know if it's the next 100x coin or 100x loss. FOGO deposit is now open. Whether you can buy the dip during the auction period depends on luck. Wait, I don't quite understand the step of converting pre-market contracts to perpetual. If the index is unstable, is there a higher risk of liquidation?
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WhaleInTrainingvip
· 01-13 07:01
Another new coin is launching. Will this time be another scheme to trap retail investors?
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StakeHouseDirectorvip
· 01-13 06:58
Another new coin is launching, and the bidding method is really the same old trick.
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Blockchainiacvip
· 01-13 06:56
Wait, do the contracts need to be converted to perpetuals after the index stabilizes? Whether this wave can switch smoothly depends on luck.
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LiquidityWizardvip
· 01-13 06:55
theoretically speaking, that 1-hour auction window is doing literally nothing if the order book's already imbalanced going in... risk-adjusted entry prices mean zilch when liquidity depth doesn't follow. ngl the 3-hour conversion buffer feels unnecessarily generous unless they're hedging against some correlation breakdown nobody's talking about
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Liquidated_Larryvip
· 01-13 06:47
Another launch, is it time to go all in? --- You need to watch closely during the opening auction hour; the opening price can determine the future. --- Converting contracts to perpetuals, is stability guaranteed or will it still crash? --- Depositing and withdrawing only takes this much time, the pace is a bit fast. --- What is this FOGO coin about? Is it another new contract trap? --- Wait, can we only switch when the index is stable? What if there's a riot at this critical moment? --- And it coincides with January 15th, this timing seems quite deliberate.
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ProbablyNothingvip
· 01-13 06:43
Another new coin is launching; you need to stay tuned during the one-hour auction period.
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