Unich
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🌐 English
  • WELCOME TO UNICH
    • 🏆What is Unich?
    • 🌐Unich Introduction
      • Opportunities in Web2 and Unich's Solutions
      • Web3 and the Future of Decentralization
      • OTC Market Evolution and Unich
    • 🪙Unich Tokenomics
    • 🤝Contributor Program
      • Unich Referral Program (for Individual /Trader)
      • Unich Affiliate Program (for Community/KOLs)
      • Master Trading Program
      • Staking Program
    • 🔗Official Links
  • FREEDOM POINT
    • 📚Introducing Freedom Point
    • 💡Ways to Earn Freedom Point
    • ⚙️Conversion mechanism
    • 📌FD Point Rules
  • Pre-Market OTC
    • 🌟Introduction
    • 🛗P2P Trading
    • 🗳️Trading Terms
    • 📃Bid Order
    • 💎Cashout Order
    • 💸Settlement Rules
    • ⚖️Platform Fee
    • 🖥️User Guide
    • ✍️Listing Regulations
    • ❓F.A.Qs
  • Pre-Order OTC
    • 🌟Introduction
    • 🛗How to Trade
      • Trading Time
      • Settlement Time
  • 💸Example and Concepts
  • 💎Cashout Order
  • 🖥️User Guide
  • ⚖️Platform Fees
  • ❓F.A.Qs
  • Point-Market OTC
    • 🌟Introduction
    • 🛗P2P Trading
    • 🗳️Trading Terms
    • 📃Bid Order
    • 💎Cashout Order
    • 💸Settlement Rules
    • ⚖️Platform Fee
    • ✍️Listing Regulations
    • ❓F.A.Qs
  • Options OTC-Market
    • 🌟Introduction
  • WALLET
    • 🌟Introducing Unich OTC Wallet
    • 🔑Unich Web3 Wallet
    • 🧡OTC Trading Platform
    • ⚡Dapp Browser
    • 🕹️Social Quest
    • 💼Swap
    • 🌉Bridge
    • 📞Customer Support and Community Engagement
    • 🔒Security Measures
    • 📖Conclusion
  • Market Maker
    • 💦Market Maker Participation
    • 💧Incentive Program
  • LEGAL
    • 📙Privacy Policy
    • 📙Terms and Conditions
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  • Success in Perform Settlement
  • Failure to Perform Settlement

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  1. Pre-Market OTC

Settlement Rules

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Last updated 6 months ago

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Settlement Time: 24 hours from the moment of TGE. We will count down when the project lists its token on the first exchange.

Success in Perform Settlement

Seller:

  • Must transfer tokens before the settlement deadline.

  • Upon completion of the transaction, the seller receives back their collateral and the buyer's settlement funds.

Buyer:

  • Must continue to deposit the remaining payment into the contract to complete the transaction.

  • Upon completion of the transaction, the buyer receives tokens from the seller.

Failure to Perform Settlement

If the seller does not perform the settlement:

  • The seller will lose all collateral.

  • The buyer will receive back the collateral and compensation equal to the buyer's collateral amount, after deducting the transaction fees for both parties.

The asset the buyer receives = 2 × Buyer's collateral - 4% × Buyer's trading volume.

If the buyer does not perform the settlement:

  • The buyer will lose all collateral.

  • The seller will receive back the collateral and compensation equal to the seller's collateral amount, after deducting the transaction fees for both parties.

The asset the seller receives = 2 × Seller's collateral - 4% × Seller's trading volume

If both the buyer and the seller fail to perform the settlement:

  • Both the buyer and the seller will receive their collateral back.

  • The buyer receives: Collateral - 2% transaction fee - 0.5% refund fee

  • The seller receives: Collateral - 2% transaction fee - 0.5% refund fee

Notes: If the token listing schedule is delayed or canceled, please refer to our FAQs.

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