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Bybit Pre-Market: ORDER Token Closure and Delivery Schedule
Get ready for an exciting journey into Pre-Market Trading with the unveiling of Orderly Network (ORDER) on Bybit. Here's what you need to know:
Mark Your Calendar
• ORDER Deposit Opens: Aug 26, 2024, 10:00AM UTC
• Pre-Market Closure: Aug 26, 2024, 10:00AM UTC
• Spot Listing Time: Aug 26, 2024, 10:00AM UTC
• Settlement Time: Aug 26, 2024, 1:00PM UTC
Automated Token Delivery
Please take note of the following:
• Token delivery will be automatic and exclusively through the Unified Trading Account (UTA).
• Sellers must have enough ORDER tokens in their UTA before Aug 26, 2024, 1:00PM UTC. If you're participating in the Pre-Market Trading with a Subaccount, ensure that the corresponding Subaccount contains sufficient ORDER tokens for delivery before the settlement time.
• Once the token is delivered, sellers will receive the payment in their UTA. If sellers don't have enough ORDER tokens before the settlement time in their UTA, they will forfeit all their collateral.
• Partial delivery is not allowed.
• Delivery occurs only ONCE at the designated settlement time.
• The delivery time may extend beyond 30 minutes. Buyers are kindly requested to be patient. The delivered ORDER tokens or the USDT collateral paid by the seller in default will be credited to the buyer's UTA.
• The platform will impose a 10% fee on the seller's collateral if the seller fails to deliver at the settlement time. The remaining 90% will be compensated to the buyer.
How to Obtain & Prepare ORDER Tokens for Delivery
1. Deposit
• Deposit ORDER tokens. Please ensure that the deposit address is correct.
• Transfer the required ORDER tokens to your UTA before the designated settlement time.
2. Purchase From Spot Market
• If you haven't acquired the necessary ORDER tokens, you can purchase them from the Spot market.
• After purchasing, keep the ORDER tokens in your UTA and await the scheduled settlement time.
Notes:
• ORDER tokens purchased from the pre-market cannot be used for settlement.
• ORDER tokens not stored in the UTA cannot be used for settlement.
For detailed information on Pre-Market Trading on Bybit, please refer to the following articles:
• [FAQ — Pre-Market Trading](https://www.bybit.com/en/help-center/article/FAQ-Pre-market-Trading)
• [How to Get Started With Pre-Market Trading](https://www.bybit.com/en/help-center/article/How-to-Get-Started-With-Pre-market-Trading)
• [Introduction to Pre-Market Trading](https://www.bybit.com/en/help-center/article/Introduction-to-Pre-market-Trading)
If you have any questions regarding this matter, please contact our Customer Support via [this form](https://www.bybit.com/en-US/help-center/s/webform).
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