MEXC Pre-Market Trading Now Live: Trade MEMEFI with Zero Fees!

Dear MEXCers,

We’re excited to announce the launch of Pre-Market Trading, which gives you the opportunity to gain early access to tokens before they are been officially issued. With MEXC’s Pre-Market Trading, you can buy and sell tokens with liquidity and competitive pricing, all before their official release.

As a special thank you to our new and existing users, MEXC is offering zero trading fees for Pre-Market trades for a limited time. Any future updates regarding fees will be announced separately.

Debut Project: Memefi (MEMEFI)

MEMEFI is a community-driven token used in both the MemeFi Web3 app and MemeFi Telegram Ad Network. The token is used for rewards, character development, in-game microtransactions, and discounted Ad Network services.

Total Supply: 10,000,000,000 MEMEFI

Official Website | X (Twitter) | Telegram | Whitepaper

MEMEFI Pre-Market Trading Schedule

Start Time: MEMEFI pre-market trading will begin on Nov 7, 2024, at 10:00 (UTC).
Settlement Time: Please refer to the trading details page for the specific settlement time.

More About MEXC Pre-Market Trading

What is Pre-Market Trading?

Pre-Market Trading is an over-the-counter (OTC) service offered by MEXC that allows users to buy and sell new tokens before they are officially listed on the exchange. This service lets traders set preferred prices and find matching trades, providing an opportunity to trade at favorable prices before the public launch. By participating in Pre-Market Trading, MEXC users can gain a competitive edge before the tokens are officially issued.

Advantages of Pre-Market Trading

MEXC Pre-Market Trading provides investors with a way to get ahead in the market before new tokens are officially issued. Compared to post-launch trading, traders have the chance to acquire trending tokens under more favorable conditions, potentially gaining a market advantage.

Trading Rules

In MEXC Pre-Market Trading, users can buy or sell tokens before they’re officially issued.
Traders can act as a Maker by placing orders at preset prices or as a Taker by matching existing orders on the platform.
Both buyers and sellers must collateralize their assets on MEXC to ensure timely settlements.
Upon successful settlement by the seller, the collateral will be returned after settlement. Upon successful settlement by the buyer, the collateral will be used as payment for the settlement.
Pre-Market Trading currently takes place within MEXC’s Spot accounts.

Buyer & Seller

Buyer

When buyers place an order, the collateral and fees will be frozen, with only the fees deducted at the time of settlement.
If the settlement is successful, both the collateral and fees will be deducted. If the settlement fails, the fees will still be deducted, but the collateral will be unfrozen, and the buyer will receive the seller's collateral as compensation.

Seller

When sellers place an order, the collateral and fees will be frozen, with only the fees deducted at the time of settlement.
Sellers must ensure there are sufficient tokens in their Spot account at the time of settlement.
After the successful delivery of tokens, payment will be received in the Spot account. If the settlement fails, the seller forfeits all collateral, with a portion collected by the platform as a liquidation fee and the remaining portion provided to the counterparty as compensation. Currently, MEXC does not charge any fees; all collateral will be compensated to the buyer.

Terminology

Settlement Time	The seller will transfer the full amount of tokens agreed upon in the Pre-Market Trading to the buyer at the specified settlement time. Please refer to the token information section on the Pre-Market Trading page for more details.
Collateral Rate	The collateral rate represents the percentage of the order value that must be held as collateral. Failure to complete the settlement within the specified time may result in the loss of collateral. For specific collateral rates, please refer to the token information section on the MEXC Pre-Market Trading page.
Fee Rate	The fee rate is a specified percentage based on the transaction value and varies depending on the tokens being traded. For specific fee rates, please refer to the token information section on the Pre-Market Trading page.
Pre-Market Trading Frozen Amount	Buyer Frozen Amount = Order Value Seller Frozen Amount = Order Value x Collateral Rate (Z%). For example, if Z = 100%, then the frozen amount for buying or selling 1,000 USDT in pre-market trading would be 1,000 USDT x 100%, equaling 1,000 USDT.
Overdue Settlement Fee	If the seller fails to complete the settlement within the specified time, the platform will deduct a portion of the seller's collateral as a fee, with the remainder given to the buyer as compensation. Currently, MEXC does not charge any fees; all collateral is compensated to the buyer.

Pre-Market Trading Fee Structure

Trading Fees: Typically, a specific percentage of the total transaction amount is charged as a fee. However, MEXC is currently offering zero trading fees for Pre-Market Trading.
Other Fees: Generally, if the seller fails to complete the settlement within the specified time, the platform will deduct a portion of the seller's collateral as a fee, with the remainder given to the buyer as compensation. Currently, MEXC does not charge any additional fees; all collateral is returned to the buyer as compensation.
Unexecuted Orders: No fees are charged for unexecuted orders. Please note that the fee structure for pre-market trading differs from that of other trading markets on MEXC.
For specific fee details, please refer to the corresponding token information on the MEXC Pre-Market Trading page.

Disclaimer

The Pre-Market Trading market operates differently from the standard settlement market. Pre-Market Trading may involve various risks, including limited liquidity, wide bid-ask spreads, and price uncertainty.
Please ensure you thoroughly understand the mechanisms and risks associated with Pre-Market Trading products before participating.

Enjoy trading on MEXC.

The MEXC Team

November 7, 2024

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