What is Unich Point-Market OTC?
P2P trading of “Point Protocol” where points can be converted into tokens when the project is listed or during TGE. Point-Market OTC allows buyers and sellers to trade points at desired and reasonable prices. Smart contracts provided by Unich fully execute transactions.
What are the advantages of trading on Unich Point-Market OTC?
Trading cryptocurrency in the Point-Market OTC session offers investment opportunities and the ability to trade project Points, which can be converted into tokens in the future. This enhances the investment potential for traders seeking profit.
Point-Market trading also helps project Points holders find liquidity opportunities and discover prices for their Points, optimizing the process of finding and exploiting Points from various projects.
How does Point-Market OTC Trading on Unich work?
On the Point-Market Trading platform, users can buy or sell Points of specific projects before they are converted into the project’s tokens. Sellers and buyers create orders and set prices in advance.
What types of points can be traded on Unich Point-Market OTC?
Users can trade various types of point rewards, including loyalty points, mission points, and any other point-based rewards that can be transferred between individuals.
What type of assets can sellers use as collateral?
Currently, sellers can use USDT as collateral for contracts on the Unich platform.
How can I complete the order?
At settlement time, all Points will be calculated and converted into tokens according to the ratio published by the project issuing the Points. The settlement process for buyers and sellers is similar to Pre-Market OTC trading as follows:
If you are a buyer: Please wait until the settlement time.
If you are a seller: To complete the transaction, you need to deposit tokens into the contract. After the settlement time, the system will deliver the tokens to the buyer, and the payment amount will be sent to your wallet.
Here are two ways to deliver tokens:
- Send tokens distributed from the project.
- Buy tokens listed on the market trading pairs before the settlement time.
Can I complete the order before the settlement time?
No, the tokens can only be delivered at the settlement time even if you already have enough tokens in your account.
Is there a fee for not delivering tokens on time for settlement?
Yes. In case the seller does not deliver the tokens at settlement time, you will lose 100% of the collateral you placed, of which, 10% is allocated to the platform as fees, while the remaining 90% is provided to buyers as compensation.
How are Point-Market OTC fees calculated?
Similar to Pre-Market OTC, Unich does not charge listing and delisting fees when placing orders. However, users will pay the network’s gas fee. Once contracts are settled, Unich charges a 2% fee on the total transaction volume of the contract.
Can I cancel a matched order?
You can cancel transactions by mutual agreement.
What happens if a token’s listing is delayed or canceled?
If the token’s listing is delayed: The transaction time will be postponed according to the token’s new listing schedule.
If the token is delisted: Your payment will be refunded.