Dear users, We are pleased to announce that MIR and TORN margin trading and savings will be enabled at 9:00 am UTC on Feb. 24. USDT-margined perpetual swaps for MIR and TORN will be listed at the same time. The updates will cover both the web and app interfaces as well as API. The details are as follows: I. Margin Trading and Savings 1. Spot margin trading will be activated for following pairs: MIR/USDT, TORN/USDT 2. For the details of the tiered margin ratio, please refer to Margin Borrowing Position Tiers after the official listing. 3. For the limits of Savings, please refer to the Business Rules for Savings after the official listing. II. Perpetual Swap Trading 1. Perpetual Swap Introduction MIRUSDT Perpetual Swap: Feature Details Underlying MIR/USDT Index Settlement asset USDT Face value 1 MIR Price quotation 1MIR value calculated in USDT equivalent Tick size 0.001 Leverage 0.01-75 x Funding rate Clamp(MA(((best bid + best offer) / 2 - spot index price)／spot index price - interest), -0.75%, 0.75%), interest = 0 Trading hours 24/7 TORNUSDT Perpetual Swap: Feature Details Underlying TORN/USDT Index Settlement asset USDT Face value 0.01 TORN Price quotation 1 TORN value calculated in USDT equivalent Tick size 0.1 Leverage 0.01-75 x Funding rate Clamp(MA(((best bid + best offer) / 2 - spot index price)／spot index price - interest), -0.75%, 0.75%), interest = 0 Trading hours 24/7 Note: When the new contract is launched, the premium is unstable. To avoid unreasonable charges, the upper limit of the funding rate before 4:00 pm UTC on Feb. 24 is 0.03%. After 4:00 pm UTC, the upper limit of the predicted funding rate will be adjusted back to the normal 0.75% (the funding fee of this period will be charged at 8:00 am UTC on Feb. 25). The price limit rules of MIR and TORN USDT-margined perpetual swap trading are the same as those of other currencies. Please refer to our perpetual swap trading guides for further details. USDT-margined perpetual swap trading: OKEx USDT Margined Perpetual Swap Trading User Agreement & Guide 2. Fee tier requirements: OKEx will offer zero maker and taker transaction fees for MIR and TORN USDT-margined perpetual swap trading from 9:00 am UTC on Feb. 24 to 9:00 am UTC on Mar. 25. The trading volume generated from the zero-fee pairs will not be included in the calculation of users' trading volume level. 3. Activities: As a way to celebrate USDT-margined perpetual swaps for MIR and TORN listing, OKEx will offer 50,000 USDT to incentive OKEx users during 9:00 am UTC on Feb. 24 to 9:00 am UTC on Mar. 2. Detail: https://www.okex.com/promotion/XUDI/ACE503684 Regards, OKEx Feb. 24, 2021 (UTC)    Click Here to Download OKEx App >>> Click Here for OKEx Twitter >>> Click Here to Join OKEx Official Community >>>