👀In less than 7 hours, trading of the $SCR token will start, but this listing will be different from the previous ones.
🟡Binance announced their pre-market, which will open access for trading before listing on the spot market.
👀First of all, this will concern tokens from Launchpool.
🙈Binance "strangles" its competitors with a similar service, because the trading commission remains the standard commission of the dispute market - 0.1% (competitors have it ranging from 1 to 3%).
😏Users also have purchase limits, like the equivalent of 5 BNB, but the exact limit numbers will be set for each project individually before trading on the pre-market.
🔴A number of countries cannot participate in this type of trading.
🤔What is special about this market?
😊First of all, users will have restrictions that should motivate them to buy/sell rewards from the Launchpool distribution.
ℹ️Example: a user has a large reward from Launchpool, he wants to sell it - no problem, he just sells it.
ℹ️If (seeing an attractive price) he wants to buy, then the limit mechanism is activated here, and in the case when there are too many rewards from Launchpool, he cannot buy more.
🤔That is, in this way, funds from Launchpool (and those contributed during the pre-market opening hour) will be distributed among all those who wish.
ℹ️If a user has a small amount of rewards, he can buy a token for an amount that does not exceed the limit.
ℹ️Any user can trade even within this market, first selling everything and then buying, or vice versa.
👌The main thing is that there should be no more than the “restricted amount” in his account.
🙃I would like to draw attention to an important point: liquidity will be isolated.
🥸During the entire pre-marker period, we can see strong swings, because it will be impossible to withdraw or deposit the token.
ℹ️That is, if the demand is high, we will see a strong growth of the token, which may make it possible to sell it at a more attractive price.
😳If everyone decides to sell the token, and there are few buyers, then we will see a very strong drop in the token, and we will be able to buy it (in limited quantities).
🙈An important aspect for bidding is, of course, the evaluation of the project, this is especially important due to the “isolated market”.
ℹ️Now other pre-market give the price: 1.5-1.8$
👀But isolated trading kills the opportunity to arbitrage, even if the price of this token rises to $3-4, you will not be able to list it on Binance.
🔴Deposits/withdrawals are closed during pre-market trading.
ℹ️There is no specific advice here, just an explanation of the rules and a little thought.
🔴I would like to warn you once again that strong volatility is possible during pre-trading, be careful.
ℹ️This is the first token with such trading mechanics, it will be interesting to see whether this pancake will be a flop or everything will go smoothly 🙃
