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Pre-Market Closure and Delivery Schedule for Pyth Network (PYTH)

Pre-Market Closure and Delivery Schedule for Pyth Network (PYTH)

11/17/2023, 11:08:08

Dear Valued KuCoin Users,

We deeply appreciate your active participation in our Pre-Market product, especially in the trading session for Pyth Network (PYTH). Your engagement has played a pivotal role in the ongoing success of this initiative.

We are pleased to announce the conclusion of the Pre-Market trading session for PYTH. As we move towards the delivery phase, we want to guide you through the upcoming procedures and timelines.

1. Time Frame

  1. Pre-Market will close at 13:50 on November 20, 2023 (UTC).
  2. The settlement will start at 14:00 on November 20, 2023 (UTC) .
  3. The final settlement time will be 4 hours after KuCoin enables the trading service for PYTH. (Estimated, subject to change in case of unforeseen circumstances, i.e. Solana stops producing blocks)

Failure to complete the delivery can result in the loss of the collateral. All pending orders will be canceled after that, and funds will be returned to their original source.

2. Automated Token Delivery in Trading Account

The delivery process for PYTH tokens is automatic. As a seller, if you have the required PYTH tokens in your KuCoin Trading Account, our system will automatically manage the delivery. If your delivery isn't immediately processed, please wait patiently for a few minutes.

Please note that the system will continuously attempt to fulfil deliveries for those who haven't completed them, which means sellers have multiple opportunities for delivery. Also, be aware that due to this automatic clearance, your normal trading activities might be influenced momentarily.

However, it's imperative to understand that if you miss the final delivery time, you will lose your collateral.

3. Methods for Delivery


3.1 Deposit

  1. Confirm the correct Token Ticker (PYTH) and ensure you have the accurate deposit address.
  2. Transfer the required PYTH to your Spot Trading Account before the designated delivery time.

3.2 Purchase on Spot Market

  1. If you haven't enough PYTH, you can purchase the necessary amount in the Spot market.
  2. After purchasing, transfer the PYTH tokens to your Spot trading account and await the scheduled delivery time.

4. Important Note

It's imperative to store your PYTH tokens in your Spot trading account. Tokens present in any other account (like a Funding Account) will not be considered for delivery. Failing to transfer tokens to the Spot trading account could result in forfeiture of your collateral.

5. Monitoring Delivery Status


5.1 Pending Delivery

  • If awaiting delivery from the seller, navigate to Pre-Market > My Orders > Pending Delivery to monitor the status.

5.2 Completed Deliveries

  • For delivered or default transactions, you can check the status by heading to Pre-Market > My Orders > Completed.

5.3 Completed Deliveries

6. Support:

If you encounter any challenges or have questions about the delivery process, please don't hesitate to reach out to our dedicated support team via the KuCoin App. For community discussion, please join us in the KuCoin Pre-Market Trading Community.

Thank you for your cooperation. We are dedicated to providing a smooth trading experience, valuing your trust immensely.

Risk Warning: Investing in cryptocurrency is akin to being a venture capital investor. The cryptocurrency market is available worldwide 24 x 7 for trading with no market close or open times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology. KuCoin attempts to screen all tokens before they come to market, however, even with the best due diligence, there are still risks when investing. KuCoin is not liable for investment gains or losses.

For Terms of Use, please refer to Pre-Market User Agreement

The KuCoin Team