OKX to Launch Perpetual Futures for AI Projects GRIFFAIN and ZEREBRO

Cryptocurrency exchange OKX is set to launch USDT-margined perpetual futures contracts for two innovative AI-focused projects, GRIFFAIN and ZEREBRO, today, December 27, 2024. These contracts will offer traders up to 50x leverage and reduced fees, marking a significant expansion in the exchange’s offerings for AI-themed digital assets.

The new contracts will go live at 07:00 AM UTC for GRIFFAIN and 07:15 AM UTC for ZEREBRO, and will be available for trading on OKX’s web platform, mobile app, and via API.

GRIFFAIN: AI-Powered Personalization and Automation

GRIFFAIN is an AI-driven platform that empowers users to convert their intentions into actionable tasks through smart, personalized AI agents. The platform is designed to help users create and deploy custom AI agents within its ecosystem, with a focus on automation. Traders will be able to open perpetual futures contracts for GRIFFAIN with leverage ranging from 0.01x to 50x, and contracts will be settled in Tether (USDT). The contract size is 10, with a funding interval of 4 hours.

ZEREBRO: Decentralized Content Creation and Distribution

ZEREBRO, the second AI project listed, offers a decentralized platform for content creation, distribution, and analysis on social media platforms. Like GRIFFAIN, the perpetual futures contract for ZEREBRO will allow leverage from 0.01x to 50x, with USDT settlements. ZEREBRO’s technology enables autonomous AI systems to integrate seamlessly into decentralized content ecosystems, providing a valuable tool for those working with digital content across decentralized networks.

Trading Fees and Adjustments

To reduce the impact of market volatility during the initial phase of trading, OKX will impose a limited funding fee of just 0.03% on both GRIFFAIN and ZEREBRO perpetual futures until 4:00 PM UTC on December 27. After this introductory phase, the funding fee will return to the normal maximum of 1.5%. Funding fees are applied every four hours, with the first adjustment set for 8:00 PM UTC on the same day.

Growing Demand for AI-themed Crypto Assets

The listing of GRIFFAIN and ZEREBRO is part of OKX’s ongoing efforts to expand its range of perpetual futures offerings in response to the growing demand for AI-themed crypto assets. As interest in AI continues to rise across the crypto space, OKX aims to provide traders with more ways to access and trade these innovative digital assets.

The AI crypto sector has seen considerable growth, with its market capitalization increasing by 4.68% over the past week, now valued at $32.63 billion, according to CryptoSlate. This growth reflects the broadening interest in AI-related tokens, which are increasingly seen as key players in the evolving digital asset landscape.

Conclusion

OKX’s launch of perpetual futures for GRIFFAIN and ZEREBRO represents a significant step in meeting the demand for AI-driven digital assets. By offering high leverage and reduced fees during the initial phase, the exchange is providing traders with a competitive opportunity to capitalize on the growth of these emerging AI platforms. As the AI crypto space continues to evolve, OKX’s expanded offerings could play a key role in shaping the future of AI and blockchain integration.