Announcements Gate.io Announcement on Launching the Pre-Market OTC Trade to MemeFi (MEMEFI)

Gate.io Announcement on Launching the Pre-Market OTC Trade to MemeFi (MEMEFI)

2024-10-10 03:33:53 UTC 45914 Read

MEMEFI/USDT + 18.62%

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Gate.io launched Pre-Market OTC Trading for MemeFi (MEMEFI) on October 10th, 2024.

Delivery Schedule: Please refer to the trading page for the specific details of the delivery time.

Pre-Market Trading Page: https://www.gate.io/pre-market/MEMEFI

**Note:
Please always pay attention to the delivery schedule and complete delivery on time. Failure to comply with the delivery schedule may result in the loss of collateral.**

About MemeFi (MEMEFI):
MemeFi has emerged as one of the pioneers in the Telegram mini-app space, evolving from a simple idle tap-to-earn game into a sophisticated ecosystem of interconnected gaming mechanics.
With more than 50 million users and 10 million on-chain wallets, MemeFi has established itself as a leading project in bridging the Telegram ecosystem with EVM networks. 
Its unique meme fantasy universe has turned it into more than just a game—it’s a recognizable brand. 
The app seamlessly integrates the most appealing mobile gaming mechanics with innovative monetization strategies. 
Beyond gaming, MemeFi has launched the MemeFi Ads platform, allowing founders to rapidly connect with highly engaged audiences.

[Website](https://www.memefi.club/ "Website")  | [ X](https://x.com/memeficlub " X")

MEMEFI Token Max Supply: 10,000,000,000 MEMEFI

**Gate.io Pre-Market OTC Trading Introduction as follows:**

## What is Gate.io Pre-Market OTC Trading?
Gate.io Pre-Market OTC Trading is an Over-the-Counter (OTC) trading service that allows investors to buy and sell new tokens before their official listing. It enables users to set prices and trade tokens at anticipated rates before public trading begins.

Read More
[[FAQ about Pre-Market OTC Trading]](https://www.gate.io/help/pre-market-trading/pre-market/35226/faq-about-pre-market-trading "[FAQ about Pre-Market OTC Trading]")
[[Pre-Market OTC Trading Guide]](https://www.gate.io/help/pre-market-trading/pre-market/35228/pre-market-trading-guide "[Pre-Market OTC Trading Guide]")

## Key benefits of Pre-Market OTC Trading
It offers investors the chance to potentially acquire trending tokens at lower costs compared to the market listing price, providing a competitive edge in pricing.

## How to conduct Pre-Market OTC Trading?
On Gate.io Pre-Market OTC Trading, traders can buy or sell specific tokens before its officially listing. Traders can choose to be a Maker, creating orders with preset prices, or be a Taker, matching active orders on the platform. Refer to the Pre-Market OTC Trading Beginner's Guide for more details.

Note: Both buyer and seller need to pay trading fees in advance. Sellers are required to pay a collateral amount based on the collateral rate to ensure timely settlement. The collateral will be refunded after the delivery is successful. All transactions are priced in USDT.*

Now, let’s take a look the two different roles in Pre-Market OTC Trading.
![](https://gimg2.gateimg.com/image/article/1712629932en1.png)

Notes:
1.Only unfilled orders can be canceled, orders cannot be canceled once matched with a counterparty.
2.Unfilled orders will be automatically canceled after the Pre-Market OTC trading ends.

## Terms Explained
![](https://gimg2.gateimg.com/image/article/1712629179en2new.png)

### Changes in Token Listings on Gate.io
(1) If there's a listing delay, executed Pre-Market OTC trading orders stay valid. New delivery times will be notified through Gate.io announcements and emails.
(2) If the listing is canceled, all Pre-Market OTC trading orders are voided. Users receive refunds for frozen collateral within a working day, with no trading fees charged.

### Fee Structure
**Transaction Fee: **The transaction fee rate applies to the total order value of matched orders. Check the latest rates on the trading page.
**Other Fees:** If the seller misses the delivery time, a 10% collateral will be retained as a fee by the platform, with the remaining 90% compensated to the buyer.

### Disclaimer
Please note that Pre-Market OTC trading carries various risks, including limited liquidity, large bid-ask spreads, and price uncertainty.

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Gate.io Team
October 10th, 2024

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