MEXC Pre-Market Trading: USUAL Token Launch Details

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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


What Is Pre-Market Trading?

Pre-Market Trading is MEXC’s OTC service enabling users to trade new tokens before official listing. This allows:

Advantages


How Pre-Market Trading Works

Trading Rules

  1. Order Types:

    • Maker: Place preset price orders.
    • Taker: Match existing orders.
  2. Collateral: Buyers/sellers must collateralize assets for settlement security.
  3. 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


Risks & Disclaimer


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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