⚠️Settlement Stipulations
What will happen at TGE Time?
Last updated
What will happen at TGE Time?
Last updated
Once the tokens are released by the foundation, the settlement deadline will countdown for 24 hours, in which:
If sellers fail to settle in time, they will lose their collateral funds.
Sellers and Buyers must wait until the Token Generation Event (TGE) before they can perform settlement or cancel orders.
Sellers face an exponential decay rate starting 1 hour after TGE.
By the end of 24 hours post-TGE, sellers lose all their collateral.
If sellers complete the order before the initial 24-hour window, they receive their un-decayed collateral and the buyer's contribution.
Hour | Remaining Collateral (%) |
---|---|
0
100.00
1
95.83
2
91.67
3
87.50
4
83.33
5
79.17
6
75.00
7
70.83
8
66.67
9
62.50
10
58.33
11
54.17
12
50.00
13
45.83
14
41.67
15
37.50
16
33.33
17
29.17
18
25.00
19
20.83
20
16.67
21
12.50
22
8.33
23
4.17
24
0.00