What is Unich Pre-Market OTC?
Pre-Market OTC is P2P trading for pre-listing tokens or TGE (Token Generation Event). It allows buyers and sellers to buy and sell these tokens at the desired price. All transactions are executed by smart contracts provided by Unich’s platform.
- Introducing Pre-Market OTC trading (updating)
- Pre-Market OTC trading guide (updating)
What are the advantages of Unich Pre-Market OTC?
Pre-Market OTC trading in cryptocurrency provides an opportunity to jump on the hype surrounding new coins before their official launch, allowing investors to position themselves advantageously by purchasing tokens early.
It also offers the potential to acquire trending tokens at favorable prices, allowing investors to benefit from price movements before the TGE occurs.
How does Unich Pre-Market OTC Trading on Unich work?
Users can buy or sell a specific token on the Pre-Market OTC Trading page before its official listing. After connecting the wallet, sellers and buyers can create orders and set the price in advance or choose to trade through available orders. All transactions are in USDT.
What’s the Collateral for Sellers?
The seller can use USDT as a Collateral for the order on the Unich Pre-Market OTC Platform.
How can I complete the order?
If you are a buyer, once you pay for the order values and the transaction fees, please wait until the settlement time.
If you are a seller, please ensure you have enough tokens in your account at the settlement time to fulfill the delivery.
Here are two (2) ways to send tokens:
- Deposit tokens are distributed from the project.
- Buy tokens through trading pairs listed on the market before 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, a few of which are allocated to the platform as fees, while the remaining collateral is provided to buyers as compensation.
How are Unich Pre-Market OTC fees calculated?
Unich does not charge listing and delisting fees when placing orders. However, users will pay the network’s gas fee.
After payment is completed, Unich will charge 2% of the contract’s total transaction volume.
Can I cancel a matched order?
You can cancel transactions by mutual agreement.
What happens if there is a delay/cancellation in the token listing schedule?
If there is a delay, the settlement time will be put off as the token listing schedule.
If there is a cancellation, your payment will be refunded.
