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KuCoin Pre-Market Update: Closure & Delivery Schedule for Grass (GRASS)

KuCoin Pre-Market Update: Closure & Delivery Schedule for Grass (GRASS)

10/25/2024, 09:43:54

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We trust you've been relishing the Pre-Market Trading experience of Grass (GRASS) on KuCoin. As we approach the conclusion of the GRASS trading session, we would like to inform you about the upcoming schedule:

Important Time & Date:

GRASS Deposit Already Opened (Supported Network: SOL-SPL)

Pre-Market Closure: 14:00 on October 28, 2024 (UTC)

Spot Trading Time: 14:00 on October 28, 2024 (UTC)

Settlement Opens: 14:00 on October 28, 2024 (UTC)

Settlement Closure: 18:00 on October 28, 2024 (UTC)

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

Important Notes for Token Delivery:

  1. The token delivery is automatic and will be processed through balances of participant’s KuCoin Trading Account. 

  2. Sellers must have required GRASS tokens in the KuCoin Trading Account before October 28, 2024 18:00 UTC for delivery.

  3. Once the GRASS tokens are fully delivered, sellers will receive payment in the KuCoin Trading Account. Sellers who fail to complete the delivery by the time of settlement will result in the loss of the collateral.

  4. The system will continuously attempt to fulfill deliveries and thus the delivery time may extend. Please be patient if the delivery is not immediately processed. The delivered GRASS tokens or the USDT collateral paid by the seller in default will be credited to the buyer's trading account. 

  5. There is a 5% fee imposed on the seller's collateral if the seller fails to deliver at settlement time. The remaining 95% will be compensated to the buyer.

Token Delivery Method:

Deposit
1. Deposit GRASS tokens from external sources ensure you have the accurate deposit address.
2. Transfer the required GRASS tokens to your Spot Trading account before the designated delivery time.

Purchase from Spot Market
1. If you have yet to secure the required GRASS tokens, you can purchase the necessary amount in the Spot Market.
2. After purchasing, transfer the GRASS tokens to your Spot Trading Account and await the scheduled delivery time.

Note:

  1. GRASS tokens purchased from the pre-market cannot be used for settlement.

  2. GRASS tokens present in any other account (e.g., Funding account) will not be considered for delivery. 

If you encounter any challenges or have questions about the delivery process, please do not hesitate to reach out to our dedicated support team. You may also refer to Pre-Market User Agreement for terms of use.

Thanks for your support!

The KuCoin Team

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