Pre-Market Trading FAQ

 

1. What Is Pre-Market Trading?

Pre-Market Trading is a trading mechanism offered by Hotcoin that allows users to trade an asset before it is officially listed.

 

2. How Is the Pre-Market Trading Price Determined?

Pre-market trading prices are determined by market participants based on project expectations, market sentiment, supply, and demand.

Since pre-market trading takes place before an asset is officially listed, its price primarily reflects market expectations and may differ significantly from the market price after listing.

 

3. What Are the Risks of Pre-Market Trading?

Participating in pre-market trading may involve the following risks:

• Price volatility risk;
• Insufficient liquidity risk;
• Project listing delay or cancellation risk;
• Market expectation risk;
• Other trading risks resulting from changes in market conditions.

Please ensure that you fully understand the project and the associated risks before participating, and trade according to your risk tolerance.

 

4. How Can I Check the Trading and Settlement Schedule?

The trading period, settlement schedule, and related rules for each pre-market project are available on the project details page.

The platform may adjust the relevant arrangements based on project developments. Please refer to the project page and official announcements for the latest information.

 

5. Can I Cancel an Order Once It Has Been Matched?

Unmatched orders can usually be canceled.

Once an order has been matched, it is considered a binding agreement between both parties and generally cannot be canceled unilaterally. Please refer to the project page for the applicable rules.

 

6. When Will I Receive My Tokens?

Pre-Market Spot Trading uses a delayed settlement mechanism. After an order is matched, buyers will not receive tokens immediately.

Buyers must wait until the project enters the settlement phase. Once the seller completes delivery, the system will distribute the corresponding tokens to the buyer according to the order rules.

Settlement schedules vary by project. Please refer to the information published on the project details page.

If the seller fails to complete delivery as required, the platform will handle the order according to the applicable project rules.

 

7. How Do I Complete Delivery?

For Pre-Market Spot Trading, sellers must complete the delivery of the agreed amount of tokens within the designated settlement period.

• If you already hold the required tokens (e.g., obtained through an airdrop, project rewards, or other channels), you may deposit the required amount into your Spot Account after the project is listed and wait for settlement.
• If you do not yet hold the required tokens, you may purchase them from the Spot Market after listing and transfer them to your Spot Account to fulfill the delivery requirement.

Please ensure that the tokens used for delivery are held in your Spot Account. Tokens held in other account types (such as a Funding Account) may not be eligible for settlement.

Failure to complete delivery within the specified timeframe may result in an order default. Please refer to the project rules for details.

 

8. What Happens If a Project Is Delayed or Canceled?

A project's listing schedule may be adjusted due to project arrangements, technical reasons, or other special circumstances.

• If a project listing is delayed, the corresponding trading and settlement arrangements may also be adjusted. Please refer to official announcements for details.
• If a project is ultimately canceled, the platform will handle the related orders according to the applicable project rules. Users may refer to the project details page and relevant announcements for the specific handling procedures.

 

9. Where Does Pre-Market Trading Liquidity Come From?

Liquidity in the pre-market trading market is primarily provided by participating users.

Market activity, the number of participants, and market depth may vary across projects, which can affect execution speed and trading prices.

 

10. What Is the Difference Between Pre-Market Futures Trading and Pre-Market Spot Trading?

Pre-Market Spot Trading allows users to buy and sell tokens before they are officially listed and receive tokens upon settlement.

Pre-Market Futures Trading is a futures product that allows users to gain exposure to price movements through futures contracts without token delivery. Its trading rules, risk control mechanisms, and settlement procedures are consistent with those of the platform's futures trading products.

Before participating, please carefully review the rules of the relevant product and trade according to your risk tolerance.