TradeXYZ Once Again Leads the Way in Pricing! Changxin Technology Token Sale Highly Sought After, Priced at a Nearly 6x Premium to the Traditional Market IPO Price

BlockBeats News, July 15th, trade.xyz has launched the Changxin Technology stock contract (code CXMT) this morning. At the time of writing, the contract was priced at $7.2, nearly 6 times higher than the traditional market issuance price of 8.66 CNY per share. The current open interest of the CXMT contract is $1.74 million, with a trading volume of $983,000.

According to information on the trade.xyz page, due to the significant deviation between the current marked price and the oracle price of the CXMT contract, it has entered a price protection mechanism. The contract can only exit this protection mechanism once the price difference between the oracle price and the marked price narrows.

It is worth noting that on July 14th, Changxin Technology announced its initial public offering of stock and listing on the Sci-Tech Innovation Board at a price of 8.66 CNY per share. Investors can participate in online and offline subscriptions at this price on July 16th (T day).