❓F.A.Qs

Top questions from traders.

What is Pre-Market Trading?

Pre-Market OTC is a P2P trading platform for tokens before they are listed or during the TGE (Token Generation Event). It allows buyers and sellers to trade these tokens at their desired prices. All transactions are executed by smart contracts provided by the Unich platform.

What are the benefits of trading Pre-Market OTC?

Trading cryptocurrencies in the Pre-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.

Pre-Market trading also provides the potential to buy tokens at discounted prices, allowing investors to benefit from price volatility before the TGE occurs.

What are the advantages of Unich Pre-Market OTC?

The advantage of trading Pre-Market OTC in the cryptocurrency sector is that it allows investors to be aware of new coins before they officially launch, thus giving them an edge by purchasing tokens early.

Pre-Market also provides the opportunity to acquire trending tokens at favorable prices, helping investors benefit from price fluctuations before the TGE.

How does OTC trading work on Unich Pre-Market?

Users can buy or sell a specific token on the Pre-Market Trading page before it 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 Pre-Market OTC trading?

The collateral required in Pre-Market trading to initiate an order is ½ of the total value of the trading volume.

Currently, Unich only accepts USDC as collateral in Pre-Market OTC transactions; other assets will be included in the future, such as SOL, ETH, BTC, etc.

What is the Bid Function in Pre-Market OTC trading?

The Bid Function is a feature that allows traders to initiate a Bid Order. This trading action proactively sends Buy/Sell Orders to the counterparties present in the market. It helps users quickly find available partners on Unich Pre-Market OTC.

What is the Cashout Function in Pre-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 do I complete a trade order?

If you are the buyer, you need to complete sending ½ of the remaining collateral to finalize the transaction. Then wait for the seller to complete the payment. If you are the seller, please ensure you have enough tokens in your account at the time of payment to complete the transaction.

There are two (2) ways to send tokens:

1. Deposit tokens distributed from the project.

2. 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.

Are there any fees 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.

How are Pre-Market fees calculated?

Fee Calculation Rules:

• No listing or delisting fees for unmatched transactions.

• Transaction Fee Rate: 2% on the trading volume for both parties involved in the transaction.

• Cashout Fee Rate: 0.5% on the cashout volume.

• Refund Fee Rate: 0.5% on the refund volume when both parties fail to perform the settlement.

Calculation Formulas:

• Transaction fee for both the buyer and seller for matched orders

Transaction Fee = 2% × Trading Volume

• Transaction fee for matched orders with only one party settling

Transaction Fee = 2% × Trading Volume (Seller + Buyer)

• For transactions where both the buyer and seller fail to settle (calculated based on collateral assets)

Refund Collateral Fee = 0.5% × Trading Volume

• For cashout orders:

Cashout Fee = 0.5% × Trading Volume

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 Pre-Market Trading?

All transactions carry risks, and Pre-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 Pre-Market the best in the world?

Liquidity in the Unich Pre-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 Pre-Market related to the initial listing price of the token when it is listed on the exchange?

No. The price on Unich Pre-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 Pre-Market trading price. Both price levels are different and determined by the market.