❓F.A.Qs
Anything you can ask about our Point-Market OTC
What is Point-Market Trading?
Point-Market OTC is a P2P trading platform for Airdrop Points of projects before they are listed or during the Token Generation Event (TGE). It allows buyers and sellers to trade these Points at their desired prices. All transactions are executed by smart contracts provided by the Unich platform. The Points are then converted into tokens at a rate determined by the project.
What are the advantages of trading on Point-Market OTC?
Trading cryptocurrencies in the Point-Market offers the opportunity to invest in new tokens that are currently gaining popularity in the community before their official launch; this allows investors to gain favorable positions by purchasing tokens early. Point-Market trading also provides the potential to buy Points at discounted prices, allowing investors to benefit from price volatility before the TGE occurs.
What are the advantages of Unich Point-Market OTC?
The benefits of trading Point-Market OTC in the cryptocurrency space allow investors to explore new coins before they officially launch, giving them an advantage in accessing projects early through the purchase of the project's Points. Point-Market also provides an opportunity to own Points from hot projects that have not yet been listed at attractive prices, allowing investors to benefit from price fluctuations before the TGE.
How does OTC trading work on Unich Point-Market?
Users can buy or sell specific amounts of Points on the Point-Market Trading page before their project is officially listed. After connecting their Web3 Wallet, sellers and buyers can create orders and set prices in advance or trade through available orders.
What is collateral in Point-Market OTC trading?
The collateral required in Point-Market trading to initiate an order is ½ of the total value of the trading volume. Currently, Unich only accepts USDC as collateral in Point-Market OTC transactions; other assets will be included in the future, such as SOL, ETH, BTC, etc.
What is the Bid Function in Point-Market OTC trading?
The Bid Function is a feature that allows traders to initiate a Bid Order. This transaction actively sends offers to Buy/Sell proposals from other parties currently available in the market. It helps users quickly find available partners on Unich Point-Market OTC.
What is the Cashout Function in Point-Market OTC trading?
The Cashout Function is a feature that allows traders to initiate a Cashout Order. This transaction enables users to exit their positions on pending payment orders. It ensures that their assets are not indefinitely locked in matched transactions.
How is the conversion rate of Points to tokens determined?
The conversion rate of Points to tokens is announced and officially communicated by the projects before the TGE event. We will base the conversion rate to determine the corresponding number of tokens for the Points you have traded.
How do I complete a trade order?
If you are the buyer, please make the remaining payment to complete the transaction. Wait for the seller to complete their payment. If you are the seller, please ensure you have enough tokens in your account at the time of payment to complete the transaction. The number of tokens is equivalent to the Points you have committed.
There are two (2) ways to send tokens:
Deposit tokens distributed from the project.
Buy tokens through the trading pair already listed in the market before the payment time.
How is the Most Recent Trade Price Change determined?
The percentage change in the Trade Price is calculated as follows:
(Current Trade Price - Previous Trade Price) / Previous Trade Price.
Can I complete the order before the payment time?
No, tokens can only be traded at the payment time, even if you already have enough tokens in your account.
Is there any fee if tokens are not delivered on time?
Yes. If the seller does not deliver the tokens by the payment time, they will lose all collateral.
The party completing the payment will receive back the deposited amount, along with compensation equivalent to the collateral after deducting fees.
If both the buyer and seller fail to complete the payment, the collateral will be returned to both parties after deducting fees.
Can I cancel an order that has been matched?
You cannot cancel the transaction until the payment obligation is fulfilled. However, you can exit your position and reclaim your collateral using the Cashout function on Unich.
What happens if there is a delay/cancellation in the token listing schedule?
If there is a delay, the payment time will be postponed according to the token listing schedule. If it is canceled, your payment will be refunded.
What are the risks associated with Point-Market Trading?
All transactions carry risks, and Point-Market Trading is no exception.
For sellers, failing to deliver the tokens fully and on time will result in the loss of the collateral for the order. The buyer will receive compensation and a refund.
For buyers, failing to fulfill the payment obligation within the Settle Time will lead to the loss of the collateral for the order. The seller will receive compensation and a refund.
Why is liquidity in the Unich Point-Market the best in the world?
Liquidity in the Unich Point-Market is ensured through the active participation of traders and intelligent trading mechanisms.
Users only use ½ of the collateral to execute transactions, optimizing capital usage.
The Bid Function allows users' orders to match at the best prices in the market.
The Cashout feature provides users with flexibility in capital usage. Cashout orders are displayed on the Order Book, similar to other orders, thus creating greater liquidity in the market.
As an OTC market, buyers and sellers place quotes in advance, ensuring price stability and liquidity.
Is the trading price in the Point-Market related to the initial listing price of the token when it is listed on the exchange?
No. The price on Unich Point-Market may reflect market expectations, but the initial listing price of the token on exchanges is influenced by various factors and may not directly correlate with the Point-Market trading price. Both price levels are different and determined by the market.
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