Unich
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🌐 English
  • WELCOME TO UNICH
    • šŸ†What is Unich?
    • 🌐Unich Introduction
      • Opportunities in Web2 and Unich's Solutions
      • Web3 and the Future of Decentralization
      • OTC Market Evolution and Unich
    • šŸŖ™Unich Tokenomics
    • šŸ¤Contributor Program
      • Unich Referral Program (for Individual /Trader)
      • Unich Affiliate Program (for Community/KOLs)
      • Master Trading Program
      • Staking Program
    • šŸ”—Official Links
  • FREEDOM POINT
    • šŸ“šIntroducing Freedom Point
    • šŸ’”Ways to Earn Freedom Point
    • āš™ļøConversion mechanism
    • šŸ“ŒFD Point Rules
  • Pre-Market OTC
    • 🌟Introduction
    • šŸ›—P2P Trading
    • šŸ—³ļøTrading Terms
    • šŸ“ƒBid Order
    • šŸ’ŽCashout Order
    • šŸ’øSettlement Rules
    • āš–ļøPlatform Fee
    • šŸ–„ļøUser Guide
    • āœļøListing Regulations
    • ā“F.A.Qs
  • Pre-Order OTC
    • 🌟Introduction
    • šŸ›—How to Trade
      • Trading Time
      • Settlement Time
  • šŸ’øExample and Concepts
  • šŸ’ŽCashout Order
  • šŸ–„ļøUser Guide
  • āš–ļøPlatform Fees
  • ā“F.A.Qs
  • Point-Market OTC
    • 🌟Introduction
    • šŸ›—P2P Trading
    • šŸ—³ļøTrading Terms
    • šŸ“ƒBid Order
    • šŸ’ŽCashout Order
    • šŸ’øSettlement Rules
    • āš–ļøPlatform Fee
    • āœļøListing Regulations
    • ā“F.A.Qs
  • Options OTC-Market
    • 🌟Introduction
  • WALLET
    • 🌟Introducing Unich OTC Wallet
    • šŸ”‘Unich Web3 Wallet
    • 🧔OTC Trading Platform
    • ⚔Dapp Browser
    • šŸ•¹ļøSocial Quest
    • šŸ’¼Swap
    • šŸŒ‰Bridge
    • šŸ“žCustomer Support and Community Engagement
    • šŸ”’Security Measures
    • šŸ“–Conclusion
  • Market Maker
    • šŸ’¦Market Maker Participation
    • šŸ’§Incentive Program
  • LEGAL
    • šŸ“™Privacy Policy
    • šŸ“™Terms and Conditions
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  1. Point-Market OTC

Cashout Order

PreviousBid OrderNextSettlement Rules

Last updated 5 months ago

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A cashout order is a function that allows a user to exit a Pre-Market/Point-Market trading position and withdraw part or all of the collateral by swapping that position with another user at any time.

The Cashout feature becomes available when the buyer's and seller's trades have been matched.

The actual value of cashout assets = RƗCāˆ’| [V2āˆ’V1ƗR] |

In which:

  • C is The initial Collateral

  • V1 is The Initial Trading Volume

  • V2 is The Cashout Volume

  • R is The ratio of Credit being cashed out, relative to the total Credit held for a specific trading pair.

Unich Point-Market Rules: The Cashout function allows both buyers and sellers to exit their positions and withdraw part or all of the collateral, under the condition that they accept receiving back an amount equal to or less than the original collateral, as they are forfeiting their commitment early.

The rationale is that by exiting the position, you are backing out of the contractual agreement between the buyer and seller. Therefore, you must accept either breaking even or incurring a loss on the investment made when exiting your position before the payment settlement occurs.

Learn more about Point-Market Cashout Order

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