KuCoin Pre-Market Trading AMA for Notcoin (NOT) — Exploring Pre-Market Trading Strategies for Notcoin

2024/05/17 10:44:52

Dear KuCoin Users,

Time: May 14, 2024, 12:00 PM - 1:01 PM (UTC)

KuCoin hosted an AMA (Ask-Me-Anything) session featuring the KuCoin Spot Operations Team, Ilia Cheremnikh, in the KuCoin Exchange Group.

Official Landing Page: https://www.kucoin.com/aptp

Join the Pre-Market Trading Telegram group.

Q&A from KuCoin

Q: What inspired the creation of Notcoin (NOT), and how do you envision its impact on the cryptocurrency market?

Ilia: Notcoin (NOT) was created to encourage the Telegram community to start using cryptocurrency. Even if only a small percentage of Telegram's 800 million users join the crypto space, it will bring substantial additional liquidity to the market.

Q: Can you share some success stories or use cases where Notcoin (NOT) has already made a significant impact?

Ilia: The Notcoin (NOT) team is planning to encourage more developers to incorporate NOT into new games on Telegram and promote it further. So far, the main success story has been the Notcoin game, which was not only a viral success but also received massive engagement, with half a percent of the world’s population playing it.

Q: What are the benefits of trading Notcoin (NOT) in the pre-market session?

Ilia: There are a few benefits:

- You can lock your price in advance.

- You can find a buyer for a price you are comfortable with.

- You can find a seller for a price you are comfortable with.

Q: What are the risks of trading Notcoin (NOT) in the pre-market?

Ilia: There is always a risk in trading crypto, both in the pre-market and in the market. The price might go down in the future and you can lose money. Always do your research!

Q: How is the Notcoin (NOT) price determined in the pre-market?

Ilia: In the pre-market, the price is determined directly between the buyers and the sellers. Only they decide on the price.

Q: What are the typical trading hours for Notcoin (NOT) in the pre-market session?

Ilia: Trading is open around the cloc, and it will close once the Notcoin (NOT) is listed on the market.

Q: How does Notcoin’s pre-market trading volume affect its price movements?

Ilia: You have until the 16th—don't miss your chance! The volume doesn't affect the price; people's expectations do.

Q: How does KuCoin ensure security and integrity of pre-market trading of NOT?

Ilia: That said, the pre-market has real market dynamics. If more people want to sell than buy, or more people want to buy than sell, it can also affect the price. We require sellers to provide 100% collateral, which protects the buyers.

Q: What is the relationship of the pre-market price of NOT to its listing price on the market?

Ilia: The pre-market is 100% transparent, and sellers and buyers decide their own prices, which helps maintain integrity. Initially, the pre-market price and the opening market price might differ. The pre-market price is determined by buyers and sellers, while the opening price is set by the exchanges and the projects. However, from our observations—and don't quote me on this—the mid-term price often ends up being close to the pre-market price.

Q: What are the rules or requirements to take part in the Pre-Market Trading with Notcoin?

Ilia: That is an easy one, all you need is a KuCoin account. Anyone can participate in the pre-market.

KuCoin Post AMA Activity — Pre-Market Trading for Notcoin

🎁 Participate in the Notcoin Pre-market Trading AMA quiz now for a chance to win 10 USDT!

The form will remain open for five days from publishing this AMA recap.

KuCoin Pre-Market Trading AMA for Notcoin Giveaway Section

KuCoin Pre-Market Trading had prepared a total of 1,000 USDT to give away to AMA participants.

1. Pre-AMA activity: 100 USDT

2. Flash-Mini Game: 400 USDT

3. Learn & Earn Activity: 500 USDT

Sign up for a KuCoin account if you haven’t done so yet, and ensure you complete your KYC3 verification to be eligible for the rewards.

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