User Guide
Learn How to Trade on Unich Pre-Market OTC
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Learn How to Trade on Unich Pre-Market OTC
Last updated
Was this helpful?
When you click on “Connect Wallet” just below the order window, the wallets recognized in your browser will appear in the dropdown menu below.
On the top left corner of the interface, Unich currently supports trading pairs with UN and USDC. To start trading, select your trading pairs using the asset dropdown menu in the upper left corner of your screen. Star your favorite markets to save time when returning to the platform.
Trade Order
Bid Order
Cashout Order
Function
Trade tokens at a specified price and quantity.
Trade tokens at a specified price and quantity.
Exit a position at a specified price and quantity of tokens.
Differences
Open Orders will be displayed immediately on the order book.
Open Orders will send offers to the other party.
No offers are sent for cashout orders.
Sell the user's position order.
Update cashout orders on the order book.
Simulation
You just need to select the price, quantity, and collateral asset in USDC, and click the Buy button to purchase tokens.
After clicking the Buy button, a popup window will appear requesting you to deposit the collateral amount; perform the Approve action to confirm.
Complete the order placement and confirm the assets sent into the order.
Confirm the order match by clicking Confirm. Then click Done to complete the transaction.
Matched transactions will change to a filled status and be displayed on the price chart of Unich Pre-Market OTC.
Unmatched transactions will appear on the order book. Users can cancel unmatched orders available in the open list. Click “Cancel” to cancel the order.
For sellers, the order placement process is similar.
To open an order: You just need to select the price, quantity, and collateral asset in USDC, and click the Buy button to purchase tokens.
After clicking the Buy button, a window will appear requesting you to deposit the collateral amount; perform the Approve action to confirm.
Complete the order placement and confirm the assets sent into the order.
Continue by clicking “Place Order” to confirm the creation of the order on-chain and simultaneously send USDC as collateral for the transaction.
After completing the order placement, the system sends offers to all sellers. Users can cancel unmatched orders available in the open list. Click “Cancel” to cancel the order.
The process for creating a Sell Bid Order is similar. Users can cancel orders currently in the trading list available in the open order book.
The Sell Order receives proposals from Bid Buy orders. Users click the “Accept” button on the right side of the screen. A confirmation window will appear to accept the Bid Buy order; click “Accept.”
Confirm the Bid Offer process after clicking “Accept” and then click “Done.”
Drag the slider below or enter the amount.
A window will display requesting confirmation. Click “Confirm,” and the confirmation process will occur.
Click “Done” to finish the confirmation process.
The cashout process for buyers is similar to that for sellers.
