Create Your Own Sell Order

Create your own sell order with your custom token price.

In situations where the listed orders doesn't align with your price expectations, or if the order amount doesn't match what you're seeking, you're encouraged to create your own sell order. This option allows you to define your own terms for price and quantity, providing greater control over the transaction.

How to create your sell order

Following these steps:

1. Click Create Order

1. Enter the price and amount.

1. Confirm Transaction

1. Close order (Optional)

Just as with the buy order, Whales Pre-markets' smart contracts allow sellers to close their orders before they are completely filled, enabling the reclamation of any remaining unfilled collateral.

This means you can close your sell order at any time, stopping any further fills by buyers, and retrieve the funds you deposited as collateral.

In the My Open Orders section, click Close.

For example: If you are selling 10,000 $SKATE at $0.005 per token and only 5,000 is filled, you can close order and claim back $25 remaining.

Please note, you can only reclaim the unfilled deposit amount, not the portion allocated for the filled orders from buyers.

If nobody fills your offer after TGE, you can go to the dashboard and close your order.

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FAQ

What does "create your own sell order" mean?

"Creating your own sell order" means you are setting a custom order with your preferred token price and quantity. Instead of matching an existing buy order, you are making an offer and waiting for a buyer to fill it. This gives you full control over the price and amount of tokens you want to sell.

When will I receive my money?

You will receive your payment after a buyer fills your order and you have successfully delivered the tokens. The funds will be transferred to you once the transaction is settled, ensuring a secure process.

Why do I need to deposit collateral?

Collateral is the amount of money you deposit to guarantee that you will deliver the tokens to the buyer. This amount is locked and is only returned to you after the transaction is successfully completed. If you fail to deliver the tokens, this amount will be used to compensate the buyer.

Can I cancel my order after creating it?

Yes. You can close your order at any time as long as it has not been completely filled. This gives you the flexibility to manage your transactions and retrieve your deposited funds.

How will my order be filled?

Your order can be filled as either a Partial Fill or a Full Fill.

• Partial Fill: Your order can be filled by multiple buyers until the total amount is reached.

• Full Fill: Your order must be completely filled by a single buyer in one transaction.