Bybit Pre-Market: L3 Token Closure and Delivery Schedule

Jul 29, 2024SpotPre-Market

Disclaimer: This is a general announcement. Products and services referred to here may not be available in your region. Please refer to T&C for more details.

Get ready for an exciting journey into Pre-Market Trading with the unveiling of Layer3 (L3) on Bybit. Here's what you need to know:

Mark Your Calendar

• L3 Deposit Opens: Jul 29, 2024, 10:00AM UTC

• Pre-Market Closure: Jul 30, 2024, 10:00AM UTC

• Spot Listing Time: Jul 30, 2024, 10:00AM UTC

• Settlement Time: Jul 30, 2024, 1:00PM UTC

Automated Token Delivery

Please take note of the following:

• Token delivery will be automatic and exclusively through the Unified Trading Account (UTA).

• Sellers must have enough L3 tokens in their UTA before Jul 30, 2024, 1:00PM UTC. If you're participating in the Pre-Market Trading with a Subaccount, ensure that the corresponding Subaccount contains sufficient L3 tokens for delivery before the settlement time.

• Once the token is delivered, sellers will receive the payment in their UTA. If sellers don't have enough L3 tokens before the settlement time in their UTA, they will forfeit all their collateral.

• Partial delivery is not allowed.

• Delivery occurs only ONCE at the designated settlement time.

• The delivery time may extend beyond 30 minutes. Buyers are kindly requested to be patient. The delivered L3 tokens or the USDT collateral paid by the seller in default will be credited to the buyer's UTA.

• The platform will impose a 10% fee on the seller's collateral if the seller fails to deliver at the settlement time. The remaining 90% will be compensated to the buyer.

How to Obtain & Prepare L3 Tokens for Delivery

1. Deposit

• Deposit L3 tokens. Please ensure that the deposit address is correct.

• Transfer the required L3 tokens to your UTA before the designated settlement time.

2. Purchase From Spot Market

• If you haven't acquired the necessary L3 tokens, you can purchase them from the Spot market.

• After purchasing, keep the L3 tokens in your UTA and await the scheduled settlement time.

Notes:

• L3 tokens purchased from the pre-market cannot be used for settlement.

• L3 tokens not stored in the UTA cannot be used for settlement.

For detailed information on Pre-Market Trading on Bybit, please refer to the following articles:

• FAQ — Pre-Market Trading

• How to Get Started With Pre-Market Trading

• Introduction to Pre-Market Trading

If you have any questions regarding this matter, please contact our Customer Support via this form.