Bybit Pre-Market: TAIKO Pre-Market Closure and Delivery Schedule

Jun 3, 2024Pre-MarketSpot

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 ofTaiko (TAIKO) on Bybit. Here's what you need to know:

Mark Your Calendars

TAIKO Deposit Opens: Jun 4, 2024, 10AM UTC
Pre-Market Closure: Jun 5, 2024, 1PM UTC
Spot Listing Time: Jun 5, 2024, 1PM UTC
Settlement Time: Jun 5, 2024, 4PM 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 TAIKO tokens in their UTA before Jun 5, 2024, 4PM UTC. If you're participating in Pre-Market Trading with a Subaccount, ensure that the corresponding Subaccount contains sufficient TAIKO 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 TAIKO 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 60 minutes. Buyers are kindly requested to be patient. The delivered TAIKO 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 TAIKO Tokens for Delivery

1. Deposit

Deposit TAIKO tokens. Please ensure that the deposit address is correct.
Transfer the required TAIKO tokens to your UTA before the designated settlement time.

2. Purchase From Spot Market

If you haven't acquired the necessary TAIKO tokens, you can purchase them from the Spot market.
After purchasing, keep the TAIKO tokens in your UTA and await the scheduled settlement time.

Notes:

TAIKO tokens purchased from the pre-market cannot be used for settlement.
TAIKO 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:

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