We’re thrilled to announce that Bitget will launch MEMEFI (MEMEFI) in pre-market trading. Users can trade MEMEFI in advance, before it becomes available for spot trading. Details are as follows:
Start time: 25 September, 2024, 10:00 (UTC)
End time: TBD
Spot Trading time: TBD
Delivery time: TBD
Pre-market trading link: MEMEFI/USDT
Bitget Pre-Market Introduction
Delivery method: Coin settlement, USDT settlement
Coin settlement
Coin settlement: Utilizes a “cash on delivery” method. If the seller fails to deliver the required coins, the security deposit will be forfeited as compensation for the breach of contract.
USDT settlement
USDT settlement: A new option for pre-market trades. This is the second settlement option offered by Bitget for pre-market trades. Orders are settled at the average index price at the last minute as the delivery execution price. The losing party will pay the difference to the winning party.
Both parties can lose or gain up to 100% of the security deposit, excluding transaction fees.
Example:
The user buys 10 tokens at 10 USDT (the filled order is called Order A) and sells 10 tokens at 15 USDT (the filled order is called Order B).
At delivery time, the system calculates the delivery execution price based on the average index price from the last minute. Assuming the execution price is 5 USDT, the calculations are as follows:
PnL of Order A = (5 – 10) × 10 = –50 USDT
PnL of Order B = (15 – 5) × 10 = 100 USDT
The total PnL for the user in pre-market trading is 50 USDT.
For USDT settlement, orders are settled at the average index price from the last minute as the delivery execution price, determined by a weighted average of prices at leading exchanges to ensure fairness and transparency.
Introduction
MemeFi is a gamified Telegram ecosystem that monetizes user engagement via incentives, innovating in the sphere by introducing new engagement solutions into Telegram. It features a unique fantasy universe, growing not only as an ecosystem, but a brand.
MEMEFI Total supply: 10,000,000,000
