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Pre-Market

Pre-Market is an over-the-counter (OTC) trading platform exclusively for trading new tokens before their official launch. Buyers and sellers can set price quotes and match trades to secure their desired prices and liquidity in advance.

Make sure you possess adequate funds before trading, and can fulfill delivery within the agreed-upon time frames.

Pre-Market

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FAQs

1. What is the Pre-Market on Hotcoin?

The Pre-Market is a unique platform on Hotcoin that allows users to trade tokens before they're officially listed. It's like getting early access to new token listings.

2. How to trade in a Pre-Market on Hotcoin?

Locate the token you're interested in.

3.How do I Buy as a Maker?

Click “Create Order”, and place a buy order by entering the quantity and price. After paying the collateral, confirm your order.

4.How do I Buy as a Taker?

Locate an existing order that matches what you're looking for.

5.How do I Sell as a Maker?

Click “Create Order”, and place a sell order by entering the quantity and price. After paying the collateral, confirm your order.

6.How do I Sell as a Taker?

Locate an existing order that matches what you're looking for.

7.How to complete the delivery?

Normally, there are two ways of delivery.

8.How are prices determined in the Pre-Market?

Prices in the Pre-Market are determined by the buyers and sellers. They can set their quotes, which may differ from the prices once the token is officially listed.

9.Can I cancel an order once I've confirmed it?

Unfilled orders can be canceled without incurring fees. However, filled orders remain in place until the token's official listing or if the listing is canceled.

10.What happens if I can't complete my order within the agreed time?

Not delivering on time can result in the loss of collateral. Always ensure you can meet the trade's conditions.

11.If my order is filled as a buyer, does it mean I will receive the token immediately?

The token delivery timeframe can be found on the Pre-Market landing page. Please be patient and wait for the seller to deliver within the stipulated time.

12.How is liquidity ensured in the Pre-Market?

Liquidity is primarily ensured by the traders themselves. As it's an over-the-counter (OTC) market, buyers and sellers set their quotes and lock in prices and liquidity in advance.