# Trading Terms ## Trading Volume Trading volume refers to the total transaction volume in a seller's or buyer's order, calculated using the formula: ***V = P×A*** V: Trading Volume P: Token Price A: Token Amount ## Collateral To place an order, both the buyer and the seller need to deposit collateral into the smart contract to initiate the transaction. For Unich Pre-Market OTC, the formula to calculate the Collateral (the amount of collateral) that the buyer or seller needs to commit to executing a transaction is: ***Collateral = ½ Trading Volume*** * Trading volume: V = P×A * V: Trading volume * P: Token price * A: Token amount The buyer provides the remaining 50% of the margin in settlement time. After that, the seller will deliver the full amount of the committed tokens at the settlement time. *Examples:* The buyer executes a transaction to purchase 100 $UN tokens. (With the UN/USDC exchange rate being 2 on the Solana network).
At that time, the Buyer places an order with details as follows: * **Order Type:** Buy * **Token Name:** UN * **Network:** Solana * **Token amount:** 100 $UN * **Price:** 2 USDC * **Volume:** 100 × 2= 200 USDC The amount the Buyer needs to collateralize to create the order is: 200 × ½= 100 USDC Similarly, for the Seller matching with pool already available on the market. At that time, the Seller matches with the Buyer as follows: * **Order Type:** Sell * **Token Name:** UN * **Network:** Solana * **Token amount:** 100 $UN * **Price:** 2 USDC * **Volume:** 100 × 2= 200 USDC The amount the Seller needs to collateralize to match the order is: $200 × ½ = 100 USDC ***Notes:*** However, the system will prioritize finding and matching orders with the best available prices, allowing the seller to sell fewer tokens and the buyer to purchase more tokens. ## Match Order **Full Order Matching** occurs when both the buyer and seller match the entire trading volume of the order. **Partial Order Matching** occurs when both the buyer and seller match only part of the trading volume of the order. Examples: A buyer is selling 100 $UN tokens at 2 USDC each. An order currently available on the market is waiting to be matched with a volume of 200 USDC. * **Order Type:** Sell * **Token Name:** UN * **Network:** Solana * **Token amount:** 100 $UN * **Price:** 2 USDC * **Volume:** 100 × 2= 200 USDC * **Collateral:** 100 USDC
Buyer 1 can partially match the above trade with 5 $UN, equivalent to Volume: $10 * **Order Type:** Buy * **Token Name:** UN * **Network:** Solana * **Token amount:** 100 $UN * **Price:** 2 USDC * **Volume:** 5 × 2= $10 USDC * **Collateral:** 5 USDC Buyers 2, 3, ... n will continue matching orders until the entire order of the seller is fully filled. Once orders are matched, they will be marked as filled, and both the buyer and the seller will complete the process of sending and receiving payments, which will begin at the TGE. ## Credit The formula for calculating Credit when an order is filled is: Credit = M *M is the total number of tokens that have been matched in a trading pair.* ## Cancel Order Buyers and sellers can cancel their listed orders if they have not yet been matched. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.unich.com/pre-market-otc/trading-terms.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.