🤝Settlement Rules

Finalize your order

Once the tokens are released by the foundation, the settlement deadline will count down for 4 hours, in which:

More detail

For Sellers:

1. Sellers need to complete settle before the settlement deadline expires.

2. After SETTLED, sellers will receive their collateral funds and buyer's funds.

For Buyers:

1. Buyers will receive the equivalent tokens, their funds will be sent to sellers.

2. If the sellers are OVERDUE on settlement, buyers can CANCEL ORDER - their deposited will be refunded and taken from the seller's collateral funds.

If sellers fail to settle in time, they will lost their collateral funds.

Sellers and Buyers must wait until Token Generation Event (TGE) before they can perform settlement or cancel orders.

After the token is released, Whales Market will automatically convert points to equivalent tokens as announced by the foundation.

Settlement for Points Market Listings takes 4 hours, starting from when the project's token is listed on CEXs/DEXs.