P2P Trading
Unich Pre-Market OTC operates on a simple but powerful principle: allowing users to trade new tokens before they are officially listed. Here’s how it works:
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Unich Pre-Market OTC operates on a simple but powerful principle: allowing users to trade new tokens before they are officially listed. Here’s how it works:
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Buyers and sellers can interact directly on the platform, setting their preferred prices and trade quantities. Pre-Market trading on the Unich platform is executed through blockchain-based smart contracts, ensuring transparency, security, safety, and fairness for both buyers and sellers.
By using a Web3 Wallet to connect with Unich Pre-Market OTC, users can trade from anywhere with the same access point right at Unich, providing an unprecedented level of convenience and privacy for both buyers and sellers.
Order Placement
Makers can create buy or sell orders on the platform at their desired prices, while takers can match available market orders with the amount of money they wish to trade.
As a buyer:
To place a buy order, you need to pay a transaction fee along with a 50% payment amount based on your order value. Once your order is matched with a seller, you wait for the settlement period to provide the remaining 50% of the margin and for the seller to deliver the full amount of the committed tokens at the Settle Time. If the seller fails to deliver the tokens on time, you will receive the seller’s entire margin as compensation and get back your collateral.
As a seller:
To place a sell order, you need to pay a transaction fee and provide a 50% margin for the order. When your order is matched with a buyer, you will prepare to deliver the tokens within the settlement period. Upon successful delivery of the tokens, you will receive the payment from the buyer and have your collateral returned.
