What is Pre-Market Trading?

Core Logic of Pre-Market Trading

• Users can mint PreTokens (pre-listing trading certificates) by staking stablecoins (e.g., USDT).
• These PreTokens can then be freely traded in a dedicated secondary market.

How Pre-Market Trading Works

1. Minting

2. Trading

3. Settlement

• For traders: If settlement fails (e.g., minter defaults), the staked USDT is forfeited and distributed to PreToken holders proportionally.
• Fairness mechanism: The system allocates both the actual tokens and forfeited collateral based on a snapshot of users’ PreToken holdings.

Pre-Market Trading Schedule Rules

Pre-Market Trading Guide

Pre-Market Trading Strategies：

1. Buy Low, Sell High for Early Profits Users can purchase PreTokens at lower prices in the pre-market spot trading and sell them after prices rise to profit in USDT.

Example A: Buy 1,000 CATI PreTokens at 0.45 USDT each and sell at 0.65 USDT. Profit calculation: (0.65 - 0.45) × 1,000 = 200 USDT.

2. Hold for Settlement Purchase and hold PreTokens until market close to receive both the actual tokens and collateral distribution during settlement.

Example B: Buy 1,000 CATI PreTokens at 0.45 USDT and hold until snapshot. If final delivery is 921,313 CATI with remaining collateral of 475,675 USDT (total minted: 1,439,552): Tokens received = (1,000/1,439,552) × 921,313 Collateral distribution = (1,000/1,439,552) × 475,675

3. Short Selling Strategy (With Early Unstaking) Mint and sell PreTokens at high prices, then repurchase at lower prices to unstake and profit from the spread.

Example C:

• Stake 160 USDT to mint 10,000 CATI PreTokens at 0.008 USDT and sell
• When price drops to 0.002, repurchase 10,000 PreTokens and unstake
• After 2% unstaking fee (3.2 USDT): Profit = (0.008 - 0.002) × 10,000 - 3.2 = 56.8 USDT

4. Leveraged Shorting (With Recursive Unstaking) Amplify profits through recursive minting/selling at highs, then repurchasing at lows to unstake (up to 75% efficiency).

Example D: At 0.008 USDT price:

• Stake 160→Mint 10,000→Sell for 80 USDT
• Stake 80→Mint 5,000→Sell for 40 USDT
• Stake 40→Mint 2,500→Sell for 20 USDT

Total minted: 17,500 PreTokens At 0.002 price:

• Spend 35 USDT to buy back 17,500
• Unstaking fees: 3.2+1.6+0.8=5.6 USDT
• Profit: (80+40+20) - 35 - 5.6 = 99.4 USDT

5. Delivery Arbitrage Profit from price differences between pre-market and actual token launch.

Example E:

• At 0.008: Stake 160→Mint 10,000→Sell for 80 USDT
• Post-launch at 0.001: Buy 10,000 DOGS to complete delivery Profit: (0.008×10,000) - (0.001×10,000) = 70 USDT