As DOGS becomes the first project to implement pre-market mapping, users have expressed various concerns. To ensure a smooth trading experience, here’s a detailed breakdown of the most common questions and their answers.
How Pre-Market Mapping Affects Order Quantities
Q1: Why did my pre-market order quantity increase after DOGS POINTS (DOGSPOINTS) mapped to DOGS (DOGS)?
Pre-market trading follows market capitalization stability. While trades are based on the token’s future valuation, the total order value remains unchanged. After mapping:
- Order quantities adjust proportionally to the new token supply.
- Token prices adjust inversely to maintain the same trade value.
Example Scenario:
- User A sells 5,000 DOGS POINTS at 0.44 USDT.
- Total value: 2,200 USDT (security deposit also frozen at this amount).
- After 1:5.5 mapping, the delivery becomes 27,500 DOGS (5,000 × 5.5).
- The adjusted token price: 0.08 USDT (0.44 ÷ 5.5).
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Key Takeaway:
Sellers must ensure sufficient DOGS in their spot wallets before delivery. Otherwise, the transaction fails, resulting in a default.
Handling Insufficient DOGS for Delivery
Q2: What if I don’t have enough DOGS to fulfill my sell order?
If your available balance is insufficient:
- Buy DOGS via Bitget’s spot trading before delivery.
- Deposit DOGS on-chain before the deadline (August 26, 2024, 16:00 UTC).
Important Restrictions:
- Tokens bought in pre-market cannot be used for delivery.
- You cannot fulfill orders using your own buy/sell trades—the system matches orders independently.
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DOGS Pre-Market Delivery Timeline
| Event | Time (UTC) |
|--------|------------|
| Pre-market trading ends | August 26, 2024, 11:30 |
| Spot trading begins | August 26, 2024, 12:00 |
| Pre-market delivery starts | August 26, 2024, 16:00 |
Plan ahead to avoid delivery failures!
FAQs About DOGS Pre-Market Trading
1. Can I cancel my pre-market order?
No—once an order is filled, it locks in the security deposit and must be delivered as scheduled.
2. What happens if delivery fails?
Defaulting sellers lose their security deposit, which compensates buyers.
3. Does the mapping affect my profits?
No—the total trade value remains the same; only the token quantity and price adjust.
4. Can I use margin trading for DOGS delivery?
No—only spot wallet balances are eligible for pre-market settlements.
5. When will DOGS be withdrawable after delivery?
After successful delivery, tokens can be withdrawn like any other spot asset.
Disclaimer
Cryptocurrency trading involves high risk due to market volatility. Always conduct thorough research before investing.
By understanding these details, you can navigate DOGS pre-market trading confidently. Stay prepared, and happy trading! 🚀