Guide to Pre-Launch Futures

I. What is Pre-Launch Futures?

With Pre-Launch Futures, you can get a head start by trading a project long or short before its official listing. BingX Pre-Launch Futures offers up to 5x leverage with a maximum position limit of 20,000 USDT.

II. Advantages of Pre-Launch Futures

1. Jump in early and seize trading opportunities

Pre-Launch Futures offers users the chance to trade a project before its official listing. Users can capitalize on the movements of hot projects even before their tokens are issued.

2. Better liquidity and convenient trading anytime

Pre-Market Spot Trading is mainly over-the-counter (OTC) trading between users. Your funds will be frozen during order creation, which lowers fund efficiency and limits your ability to trade timely. In contrast, Pre-Launch Futures offer better liquidity and can be traded at any time.

3. Lock in profits from project airdrops in advance

If you hold tokens from an airdrop, you can lock in your profits early by going short with Pre-Launch Futures.

III. Details on Product Mechanism

1.Fee Details

- Trading Fee: The fee rates for Pre-Launch Futures are the same as BingX Perpetual Futures. For more details, please refer to: https://bingx.com/vip/profile/

- Funding Fee: Funding fee for Pre-Launch Futures is calculated the same way as regular Perpetual Futures.

2. Price Details

- Index Price:

The index price matches the latest filled price in the Pre-Launch Futures market.

- Mark Price:

Mark Price is determined by real-time Index Price and Funding Rate. It reflects the current reasonable price of the contract. The platform adopts Mark Price to trigger forced liquidation to reduce unnecessary liquidation during market anomalies.

3. Leverage and Position Limit

Max. Leverage	Position Limit (USDT)	Maintenance Margin Rate
5	5,000	10.00%
4	10,000	12.50%
3	30,000	16.70%
2	80,000	25.00%
1	200,000	50.00%

4. Forced Liquidation Mechanism

The forced liquidation mechanism for Pre-Launch Futures works the same as BingX Perpetual Futures. For more details, check out these articles:

• Learn more about forced liquidation rules: https://bingx.com/support/articles/16934295548441/

• Learn more about Auto-Deleveraging (ADL) Mechanism: https://bingx.com/support/articles/18439073520537/

5. Additional Info

a. When BingX secures a stable index price in the spot market, Pre-Launch Futures will transition to Perpetual Futures without further notice. During the transition, parameters such as risk limits and index price components may be adjusted. Please refer to the Contract Info page for details. Open orders and existing positions will remain unaffected.

b. BingX may delist the Pre-Launch Futures trading pair in advance if the project team cancels the token issuance, fails to announce an issuance plan within six months, or due to other market risk issues. Please keep an eye on related announcements.

IV. Risk Disclosure

1. As some project teams haven't finalized their token issuance plans yet, there’s uncertainty around the total supply and whether the token will even be issued. These changes could cause fluctuations in market price, so it's important to stay informed on market updates. Additionally, there isn't a clear price source for the token since Pre-Launch Futures trading happens before the token listing. As a result, the Pre-Launch Futures price may differ from the token's price at and after its listing. Please keep this in mind and manage your risks accordingly.

2. Pre-Launch Futures trading comes with certain risks. The Pre-Launch Futures market is more prone to decreased liquidity, significant price fluctuations, and more. Additionally, not all tokens traded in Pre-Launch Futures will necessarily be officially issued and listed. BingX reserves the right to adjust, extend, or delist Pre-Launch Futures at its discretion.

* This announcement was updated in April 2025. Please refer to the latest details on the announcement page.