Pre-market Trading FAQs
Hotcoin1. What is Hotcoin's pre-market trading?
Pre-market trading is a unique platform on Hotcoin that allows users to trade tokens before they are officially listed. It's like getting in touch with new listed tokens in advance.
2. How to conduct pre-market trading on Hotcoin?
Select the token you are interested in.
Enter the quantity and price to place the order, and then confirm.
Ensure timely submission of orders within the specified time. Please note that the trading and settlement times of currencies in pre-market trading may be temporarily adjusted according to market conditions. Please pay attention to relevant information updates in a timely manner.
3. How do market makers buy?
Click "Create Order", enter the quantity and price to place the order. After paying the deposit, confirm your order.
Wait for the seller to match your order.
If the seller accepts the order, please wait for the token to be listed on Hotcoin.
After the seller delivers, you will receive tokens. If the seller fails to deliver, you will receive compensation and collateral.
4. How to buy as a single consumer?
Select an existing order that matches what you are looking for.
Enter the quantity you want to purchase, carefully check the quantity and price, ensure the collateral and confirm.
Waiting for the token to be listed on Hotcoin.
After the seller delivers the goods within the agreed time, you will receive tokens. If the seller fails to deliver, you will receive compensation and collateral.
5. How do market makers sell?
Click "Create Order", enter the quantity and price to place a sell order. After paying the deposit, confirm your order.
Wait for the buyer to match your order. If the buyer accepts the order, please wait for the token to be listed on Hotcoin.
Ensure timely settlement and obtain the buyer's deposit. Failure to settle means you lose the collateral.
6. How to sell as an order taker?
Select an existing order that matches what you are looking for.
Enter the quantity you want to buy, ensure the collateral and confirm.
Waiting for the token to be listed on Hotcoin.
Deliver on time to receive the buyer's deposit. Otherwise, you will lose the collateral.
7. How to complete the delivery
Usually, there are two delivery methods.
1) Recharge tokens within the specified time after listing
Make sure you have the correct token code and recharge address.
- Transfer enough tokens to the spot trading account and wait for the settlement time.
2) Purchase enough tokens in Spot Market, transfer enough tokens to the spot trading account, and wait for the settlement time.
Note: Make sure to deposit the tokens into your spot trading account. Tokens in any other account (such as a fund account) will not be recognized for delivery, and you may lose all collateral.
8. How is the price determined during pre-market trading?
The price of pre-market trading is determined by buyers and sellers. They can set a quote, which may differ from the price after the token is officially listed.
9. Can I cancel the order after it is confirmed?
Unfinished orders can be cancelled without paying any fees. However, executed orders remain valid until the token is officially listed or the listing is cancelled.
10. What happens if I am unable to complete the order within the agreed time?
Failure to deliver on time may result in loss of collateral. Always ensure that you can meet the trading conditions.
11. If I complete the order as a buyer, does that mean I will receive the tokens immediately?
The token delivery schedule can be found on the login page for pre-market trading. Please be patient and wait for the seller to deliver within the specified time.
12. How to ensure the liquidity of pre-market trading?
Liquidity is mainly guaranteed by traders themselves. As this is an over-the-counter (OTC) market, buyers and sellers set quotes in advance and lock in prices and liquidity.