Dear BingX Users,

 

Pre-market trading is an innovative product recently launched by leading platforms in the industry. During the recent DOGS project delivery process, we noticed that some users had questions regarding the delivery process and adjustment mechanism. We’d like to clarify these points to help you better understand.

 

1. Question: Why has the amount of DOGS pending delivery in my pre-market trading order increased compared to when I initially traded?

      Answer: The core logic of pre-market trading’s adjustment rule is that the total market capitalization of the token and the total value of the users' orders remain unchanged.Typically, when a project is listed for pre-market trading, the tokens have not yet been issued or circulated. The platform must preset the total token supply, allowing users to estimate the price of a single tokens and the value of their orders based on this preset total supply. Once the tokens are actually issued, to maintain the total market capitalization and the total value of your orders, the platform will adjust the amount of DOGS in your order based on the ratio of the preset total supply to the actual issued supply. This is why the amount of DOGS pending delivery in your order has increased.

 

Question: How is the amount pending delivery in my order calculated?

      Answer: The amount pending delivery (after adjustment) = Initial order amount/Adjustment ratio.

     For example: According to the delivery announcement, the adjustment ratio for this DOGS project is 1:55 (or 0.01818). If your initial order was 10,000 DOGS, the adjusted amount would be 10,000/0.01818 = 550,055 DOGS.

 

3. Question: After the adjustment, the amount of DOGS required for delivery in my order increased. What should I do if I don’t have enough DOGS during delivery?

      Answer: DOGS will be listed and open for trading on BingX’s spot trading before the delivery. You can buy the required amount of tokens through BingX spot trading before the delivery time (2024-08-20 16:00 UTC) to avoid defaulting and losing your collateral.

 

4. Question: When will the spot trading for DOGS starts?

      Answer: BingX Spot will open trading for DOGS on 2024-08-20 at 12:30 (UTC).

              Below are other key pre-market trading times for your reference:

              End Time: 2024-08-20 08:00 (UTC)

              Adjustment Time*: 2024-08-20 08:30 (UTC)

              Delivery Time*: 2024-08-20 16:00 (UTC)

 

If you have any further concerns about pre-market trading, please contact our customer support team. We’re here to assist you.

 

BingX Operation Team
2024-08-23

 

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