【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.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
17 Likes
Reward
17
8
Repost
Share
Comment
0/400
MergeConflict
· 38m ago
It's the same pre-opening auction process again. What reasonable price can be discovered? Just surge at the opening.
View OriginalReply0
SchrodingersFOMO
· 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?
View OriginalReply0
WhaleInTraining
· 01-13 07:01
Another new coin is launching. Will this time be another scheme to trap retail investors?
View OriginalReply0
StakeHouseDirector
· 01-13 06:58
Another new coin is launching, and the bidding method is really the same old trick.
View OriginalReply0
Blockchainiac
· 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.
View OriginalReply0
LiquidityWizard
· 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
Reply0
Liquidated_Larry
· 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.
View OriginalReply0
ProbablyNothing
· 01-13 06:43
Another new coin is launching; you need to stay tuned during the one-hour auction period.
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.