Gate.io Launches Pre-Market Trading for Swan Chain (SWAN)

Bittime - On October 12, 2024, Gate.io announced the launch of pre-market trading for the Swan Chain (SWAN) project. This trading will start at 01:00 PM UTC, giving investors the opportunity to make OTC (Over-the-Counter) transactions before the SWAN token is officially listed on the exchange. 

Although trading end times and delivery are still to be determined, this initiative opens up opportunities for traders to take advantage of more competitive prices before the official listing. With pre-market trading, users can plan their investment strategies better.

Getting to know Swan Chain (SWAN)

Swan Chain is a decentralized infrastructure designed to leverage Ethereum Layer 2 technology through the OP Stack, aiming to accelerate the adoption of artificial intelligence (AI) in various applications. 

The project offers a comprehensive solution in terms of storage, computing, bandwidth and payments. With this approach, Swan Chain not only reduces computing costs significantly, but also enables the monetization of previously unused computing assets. 

The maximum total supply for SWAN reaches 1,000,000,000 tokens, which is expected to attract the attention of many investors, especially amidst the increasing trend of blockchain and AI technology adoption.

Advantages of Pre-Market Trading on Gate.io

Pre-market trading on Gate.io provides significant advantages for users who want to buy and sell new tokens before they are officially listed. This provides an opportunity for investors to acquire trending tokens at a lower price compared to the price when listed on the market. 

In this mechanism, traders can choose to be a Maker, who places orders at a predetermined price, or a Taker, who matches active orders on the platform. With this flexibility, traders can be more strategic in carrying out their transactions.

Also read: Time Farm When did LaborX integrate the Base Layer 2 network?

Trading Procedures and Conditions

When carrying out pre-market trading, there are several provisions that need to be considered. Both buyers and sellers are required to pay trading fees up front. Additionally, the seller needs to deposit the collateral amount based on the stipulated collateral rate to ensure timely completion of the transaction. This guarantee will be returned after the delivery process is successful. 

All transactions will be carried out in USDT, which is the payment standard on the Gate.io platform. With this step, Gate.io shows its commitment to providing a safe, efficient and transparent platform for traders and investors in the cryptocurrency world, while supporting innovation through new projects such as Swan Chain.

How to Buy Crypto on Bittime

Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.

Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.