Introduction
Dear MEXC Users,
We’re excited to introduce Usual (USUAL) for pre-market trading on MEXC—a decentralized fiat-backed stablecoin issuer redistributing value through the $USUAL token. Secure your position before its spot market debut!
Key Highlights
- Token: Usual (USUAL)
- Total Supply: 4,000,000,000 USUAL
- Pre-Market Start: November 16, 2024, 10:00 UTC
- Settlement: Refer to MEXC’s trading page for details.
What Is Pre-Market Trading?
Pre-Market Trading is MEXC’s OTC service enabling users to trade new tokens before official listing. This allows:
- Price Flexibility: Set preferred prices and match orders.
- Early Access: Gain a competitive edge pre-launch.
Advantages
- Acquire trending tokens under favorable conditions.
- Potential market advantage over post-launch traders.
How Pre-Market Trading Works
Trading Rules
Order Types:
- Maker: Place preset price orders.
- Taker: Match existing orders.
- Collateral: Buyers/sellers must collateralize assets for settlement security.
Settlement:
- Successful: Collateral deducted; tokens/payment transferred.
- Failed: Seller forfeits collateral (compensated to buyer).
Roles & Responsibilities
| Party | Actions |
|-------|---------|
| Buyer | Collateral + fees frozen. Fees deducted post-settlement; failed orders refund collateral. |
| Seller | Must hold tokens in Spot account. Failed settlements forfeit collateral. |
Key Terms Explained
| Term | Definition |
|------|-----------|
| Settlement Time | Seller transfers tokens to buyer at specified time. |
| Collateral Rate | Percentage of order value held as collateral (e.g., 100% = 1,000 USDT for 1,000 USDT order). |
| Fee Rate | Transaction-based percentage (currently 0% for Pre-Market Trading). |
Fee Structure
- Trading Fees: Currently zero for Pre-Market Trading.
- Failed Settlements: Seller’s collateral compensates buyer (no platform fees).
Risks & Disclaimer
- Liquidity Risks: Pre-Market Trading may have limited liquidity and price volatility.
- Due Diligence: Understand mechanisms and risks before participating.
FAQs
1. When does USUAL pre-market trading start?
Answer: November 16, 2024, at 10:00 UTC.
2. How does collateral work for buyers?
Answer: Buyers freeze collateral + fees; refunded if settlement fails.
3. What happens if a seller misses settlement?
Answer: Seller loses collateral, compensated to the buyer.
👉 Explore MEXC’s Pre-Market Trading for early token access!
The MEXC Team
November 2024
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