Iris Coleman
Nov 11, 2025 00:29
OKX announces the listing of Allora (ALLO) for spot trading, detailing timelines for deposits, auctions, and trading. Learn about the trading restrictions and project introduction.
Cryptocurrency exchange OKX has announced the listing of Allora (ALLO) on its spot trading platform, with key activities scheduled for November 11, 2025. This listing introduces a new opportunity for traders to engage with Allora, a decentralized AI network, through the ALLO/USDT trading pair, according to OKX.
Trading Schedule and Restrictions
The listing process for ALLO involves several critical timelines. Deposits for ALLO began at 7:30 am UTC, followed by a call auction from 12:00 pm to 1:00 pm UTC. The ALLO/USDT spot trading officially opens at 1:00 pm UTC. Withdrawals will be available starting at 4:00 pm UTC.
To manage market volatility, OKX has implemented specific trading restrictions during the initial phase. For the first five minutes of trading, market orders are prohibited, and the maximum amount per limit order is capped at $10,000. Additionally, the maximum net position per user is also restricted to $10,000. These constraints aim to maintain market stability and will be lifted after the initial five-minute period.
Price Limit Rules
OKX has established price limit rules to ensure orderly trading. In the absence of a stable index price, closing price-based limits are applied. This involves a series of calculations to determine maximum bid and minimum ask prices, based on the call auction’s execution price and subsequent closing prices. Once a stable index price is established, index-based limit rules will take effect. These rules are subject to change based on market conditions, without prior notice.
About Allora
Allora is a decentralized AI network that enhances applications by leveraging a self-improving network of machine learning models. The project operates on the Ethereum blockchain, with the contract address 0x8408D45b61f5823298F19a09B53b7339c0280489. As a decentralized platform, Allora aims to provide smarter and more secure AI solutions.
Call Auction Mechanism
The call auction mechanism is a pivotal part of the ALLO listing process. During the one-hour call auction period, traders can submit buy and sell orders at preferred prices. This mechanism is designed to determine an indicative opening price based on collective submissions. To ensure market orderliness, each user’s buy orders during the auction are limited to $50,000, and modifications to orders are restricted in the final five minutes of the auction.
OKX’s approach to listing new tokens like ALLO reflects its commitment to providing a structured and secure trading environment. By implementing these measures, OKX aims to mitigate risks and offer a balanced trading experience for all participants.
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