Pre-Market Closure and Delivery Schedule for Merlin Chain (MERL)

Dear Valued KuCoin Users,

We deeply appreciate your active participation in our Pre-Market products, especially in the trading session for Merlin Chain (MERL). 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 Merlin Chain (MERL). As we move towards the delivery phase, we want to guide you through the upcoming procedures and timelines.

1. Important Time Frame & Updates

• Pre-Market will close at 09:59 on April 19, 2024 (UTC).
• The settlement will start at 10:00 on April 19, 2024 (UTC).
• The final settlement time will be 16:00 on April 19, 2024 (UTC). (Estimated, subject to change in case of unforeseen circumstances, i.e. Merlin Mainnet jams or Merlin Chain airdrop claiming process works improperly)

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 MERL tokens is automatic. As a seller, if you have the required MERL 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 fulfill 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 MERL and ensure you have the accurate deposit address.
2. Transfer the required MERL tokens to your Spot Trading Account before the designated delivery time

3.2. Purchase on Spot Market

1. If you have yet to secure the required MERL tokens, you can purchase the necessary amount in the Spot market.
2. After purchasing, transfer the MERL tokens to your Spot trading account and await the scheduled delivery time.

4. Important Note

It's imperative to store your MERL tokens in your Spot trading account. Tokens present in any other account (e.g., Funding account) will not be considered for delivery. Failure 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.
• For USDT transaction details, you can check the status by heading to https://www.kucoin.com/assets-detail

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 and follow our updates on KuCoin Pre-Market Twitter.

7. Compliance Notice for Indian Users

In accordance with Indian regulatory requirements, transactions generated in Pre-Market by compliant users may be subject to applicable taxes. For more details, please refer to our announcement India TDS deduction, tracking and FAQ

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