User Guide
Details on how to trade with Unich Pre-Order OTC.
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Details on how to trade with Unich Pre-Order OTC.
Last updated
Was this helpful?
Click 'Connect Wallet' in the top-right corner to see available wallets in the dropdown.
To select the trading mode interface, click on the 'Trade' button in the menu bar, choose 'Pre-Order Trading'.
You can choose between Advanced Mode (with detailed charts) and Simple Mode (only with Order Book).
Click the trading pair section in the top-left to quickly select from all available pairs in the popup!
At launch, Unich Pre-Order OTC only supports SOL/USDC pair. More pairs will be added soon.
You can place buy or sell orders at any price and amount, with the system automatically calculating the collateral needed for your open order.
You only need to collateralize 5% of the trade volume.
After hitting the Buy/Sell button and confirming the collateral, a popup will notify you that your order has been successfully opened.
Your open order will then show up on the Order Book.
Note: Make sure you have enough gas fees in your Web3 wallet to complete this step.
You can cancel any open orders that haven't been matched. These orders will move to 'Order History' tab.
After opening your order, check the timeline in the top-right corner to see the trading session you just joined.
Each day, Unich Pre-Order OTC has 2 trading sessions, each lasting 12 hours, in UTC time.
Orange represents Session 1 (00:00 - 11:59). Blue represents Session 2 (12:00 - 23:59).
When your order is matched, remember the Settlement Time to make timely payments. Forgetting to settle may result in losing your collateral.
Settlement Time (Session 1): 14:00 - 14:30 UTC daily.
Settlement Time (Session 2): 02:00 - 02:30 UTC daily.
Remember this!
A matched order will move to 'Order History' tab on your order tracking panel.
If your order is partially matched, the remaining volume will stay as an open order in 'Open Order' tab.
In 'Order History' tab, you can cash out an order (during Trading Time) or settle it (during Settlement Time).
At Settlement Time, the Settle button for each matched order will become active, giving you the option to proceed or not.
If you settle, depending on whether you're the buyer or seller, you'll either need to deposit the remaining 95% collateral or deliver the committed tokens.
If you don't settle, your initial collateral will be forfeited to the counterparty.
Note: Your profit is determined by the difference between the token price at Settlement Time and the matched order price. Check the 'Example and Concepts' section for a clearer understanding and to make the best decision.
