F.A.Qs

What is Pre-Order OTC

Pre-Order OTC is a feature that allows users to pre-buy or pre-sell tokens at any price within a specific time window during the day.

What are the benefit of trading Pre-Order OTC?

Pre-Order OTC functions like Futures, Margin, or Spot trading, enabling users to own, go long, or short tokens to profit from price movements.
It offers benefits such as no risk of asset liquidation, direct P2P trading with real assets, and support for all listed tokens.

What are the advantages of Unich Pre-Order OTC?

Unich provides a seamless user experience with high liquidity. Transparency is prioritized, and user assets are protected by fully audited smart contracts.
Unich also offers the lowest Pre-Order OTC trading fees in the market.

What does OTC trading on Unich Pre-Order work?

Unich Pre-Order OTC facilitates P2P trading. As a Maker, you can place buy or sell orders at any price, displayed on the order book.
As a Taker, you can match existing orders.
Both Maker and Taker deposit collateral to ensure compliance with the trade.

What is collateral in Pre-Order OTC trading?

When opening an order or matching available orders on the Order Book, you need to deposit a certain amount of assets on the exchange as collateral.
Unich only requires users to collateralize 5% of the trade volume.

How is PNL calculated in Unich Pre-Order OTC?

PNL for both buyer and seller when pre-order transaction is calculated by the formula:
PNL = Collateral x %ROI.
In which:
Collateral = 5% x Trading Volume
%ROI = (%Price Change/5%) x 100% Specifically:
%Price Change = (Settlement Price - Match Price)/Match Price x 100%
Settlement Price: Token price at the start of Settlement Time.
Match Price: Token price when the buy and sell orders are matched.
Theoretically, %ROI can range from -∞ to +∞.

What should i do if my %ROI drop below -100%

If %ROI falls below -100%, the price movement exceeds your initial collateral. Your actual loss depends on whether you settle.
If you settle, you lose more than your collateral, and your counterparty receives the full %ROI (> +100%).
If you do not settle, you lose only your collateral, and your counterparty receives a %ROI = 100%.
Note that trade outcomes are determined only at the start of Settlement Time. A %ROI below -100% before this point does not affect your final profit or loss.

Why is my %ROI calculated to be over +100%, but i sometime only receive 100%?

If your %ROI exceeds +100%, your counterparty’s %ROI is below -100%.
As explained in question 7, your counterparty now has 2 options:
If they settle, they lose more than their initial collateral, and you receive the full %ROI (> +100%).
If they do not settle, they lose only their collateral, and you receive a %ROI = 100%.

Why is there a 2-hour gap between Trading Time and Settlement Time?

Pre-Order OTC allows you to place buy or sell orders at any price. However, only the token price at the start of Settlement Time determines the trade outcome.
The 2-hour gap ensures price movements are less predictable, promoting fairness for all investors, regardless of when they place orders during the 12-hour Trading Time.

Can i trade in a new session if i haven't completed orders from the previous session?

Yes! A new session begins immediately after the previous session’s Trading Time ends.
You can place new trades but must track the Settlement Time to complete prior trades.
In many cases, if you fail to settle, you will lose your entire initial collateral to your counterparty.

How are Pre-Order OTC transaction fees calculated?

Unich does not charge fees for opening or canceling unmatched orders.
When orders are matched and the trade moves to Settlement Time, both buyers and sellers pay a fee equivalent to 0.125% of the trade volume.
Specifically: V (Trade volume) = P x A P: Token price at the time of order matching. A: Number of tokens in the trade.

Can i cancel an order after it has been matched?

No, matched orders cannot be canceled. You can either use the Cashout Order feature to transfer your position to another trader, or wait until Settlement Time to complete the trade.

What are the risks of trading Pre-Order OTC?

Crypto trading carries risk, and Pre-Order OTC is no exception.
At Settlement Time, the following risks may occur:
For the buyer, if the payment obligation is not fulfilled within the Settlement Time, the order's collateral will be lost. On the other side, the seller will receive compensation and the collateral will be refunded.
For sellers, if committed tokens aren't delivered by Settlement Time, the order's collateral will be lost. On the other side, the buyer will receive compensation and the collateral will be refunded.

Do token prices on Unich Pre-Order OTC fluctuate with the spot market?

Yes, of course! token price movements on Unich Pre-Order OTC are synchronized with spot market data via oracles, ensuring transparency and enabling accurate trading decisions.

Can i list and trade any token on Unich Pre-Order OTC?

In version 2.0, users will be able to trade any token by adding its contract address to the system.
This sets Unich apart from Futures, Margin, or Spot trading on other CEX/DEX platforms, where only supported token pairs are available.

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Last updated 17 days ago

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How is PNL calculated in Unich Pre-Order OTC?

PNL for both buyer and seller when pre-order transaction is calculated by the formula:

PNL = Collateral x %ROI.

In which:

Collateral = 5% x Trading Volume

%ROI = (%Price Change/5%) x 100% Specifically:

%Price Change = (Settlement Price - Match Price)/Match Price x 100%

Settlement Price: Token price at the start of Settlement Time.

Match Price: Token price when the buy and sell orders are matched.

Theoretically, %ROI can range from -∞ to +∞.

What should i do if my %ROI drop below -100%

If %ROI falls below -100%, the price movement exceeds your initial collateral. Your actual loss depends on whether you settle.

If you settle, you lose more than your collateral, and your counterparty receives the full %ROI (> +100%).

If you do not settle, you lose only your collateral, and your counterparty receives a %ROI = 100%.

Note that trade outcomes are determined only at the start of Settlement Time. A %ROI below -100% before this point does not affect your final profit or loss.

Why is my %ROI calculated to be over +100%, but i sometime only receive 100%?

If your %ROI exceeds +100%, your counterparty’s %ROI is below -100%.

As explained in question 7, your counterparty now has 2 options:

If they settle, they lose more than their initial collateral, and you receive the full %ROI (> +100%).

If they do not settle, they lose only their collateral, and you receive a %ROI = 100%.

Why is there a 2-hour gap between Trading Time and Settlement Time?

Pre-Order OTC allows you to place buy or sell orders at any price. However, only the token price at the start of Settlement Time determines the trade outcome.

The 2-hour gap ensures price movements are less predictable, promoting fairness for all investors, regardless of when they place orders during the 12-hour Trading Time.

How are Pre-Order OTC transaction fees calculated?

Unich does not charge fees for opening or canceling unmatched orders.

When orders are matched and the trade moves to Settlement Time, both buyers and sellers pay a fee equivalent to 0.125% of the trade volume.

Specifically: V (Trade volume) = P x A P: Token price at the time of order matching. A: Number of tokens in the trade.

What are the risks of trading Pre-Order OTC?

Crypto trading carries risk, and Pre-Order OTC is no exception.

At Settlement Time, the following risks may occur:

For the buyer, if the payment obligation is not fulfilled within the Settlement Time, the order's collateral will be lost. On the other side, the seller will receive compensation and the collateral will be refunded.

For sellers, if committed tokens aren't delivered by Settlement Time, the order's collateral will be lost. On the other side, the buyer will receive compensation and the collateral will be refunded.