OKX is pleased to announce the listing of MINA — the native crypto asset of the Mina Protocol — on our spot trading markets.
Trading of MINA will start according to the following schedule:
1. MINA deposits open at 2:30 pm UTC on May 31.
2. Spot trading for MINA/USDT opens at 00:30 am UTC on June 1.
3. MINA withdrawals open at 10:00 am UTC on June 2.
-OKX will use Call Auction for MINA’s trading on the trading account (Classic Trading Mode). The trading on the Unified Accounts will open after the Call Auction. Learn more, see Call Auction.
-OKX will limit users’ buying amounts after opening trading. The limit will be $5,000 within one hour after the opening; the limit will be increased to $10,000 after one hour; the limit will be increased to $20,000 after one hour and 30 minutes; and the limit will be lifted after 2 hours and 30 minutes.
Mina Protocol is a minimal “succinct blockchain” built to curtail computational requirements in order to run DApps more efficiently. Mina has been described as the world’s lightest blockchain, since its size is designed to remain constant despite growth in usage. Furthermore, it remains balanced in terms of security and decentralization. The project was rebranded from Coda Protocol to Mina in October 2020.
Asset name: Mina Protocol
Total supply: MINA’s initial issuance is 1,000,000,000, and the initial inflation is 12% per year, which will decrease to 7% year by year in the first five years and continue to remain at 7%.
Risk warning: Trading digital assets involves significant risk and may result in the loss of your invested capital. You should ensure that you fully understand the risks involved and take into consideration your level of experience, investment objectives, and seek independent financial advice if necessary.
May 31, 2021