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XT Pre-market Trading: LINEA (LINEA) Trading Ends & Settlement Arrangement and Spot Listing

XT.COM 2025年09月09日 09:15

Dear XT Users:

 

LINEA (LINEA) pre-market trading is about to begin settlement. Please ensure that your spot account holds sufficient LINEA tokens to allow the system to automatically complete the delivery of pending orders. If delivery is not made in time, you will lose all collateral!

Specific arrangements are as follows:

  • Pre-market trading end time:2025年09月10日21:00 (UTC+8)
  • Spot deposit start time: Already open
  • Spot trading start time:2025年091023:00 (UTC+8)
  • Spot withdrawal start time:2025年091123:00 (UTC+8)
  • Pre-market trading settlement start time:2025年091023:00 (UTC+8)
  • Pre-market trading settlement end time:2025年091105:00 (UTC+8)

 

【About LINEA】

On Linea, ETH is used to pay gas fees, and both ETH and LINEA from L2 fees are burned. Definition and non-definition of LINEA token: LINEA is not a gas token (gas is paid by ETH). Currently, there is no on-chain governance right, and no DAO. No token allocation or sale to employees/investors; Consensys Software retains 15% of tokens, requiring a 5-year unlock. Part of the net ETH income (L2 fees minus L1 costs) is used to buy back and burn LINEA. LINEA is used to fund developers, users, liquidity providers, and Ethereum public goods, earned through network participation, not capital purchase.

Blockchain link: https://linea.build

 

About XT Pre-market OTC Trading:

What is pre-market OTC trading?
 
XT pre-market OTC trading is an innovative over-the-counter trading platform that allows users to trade upcoming new coins through peer-to-peer methods before the project tokens are listed on the XT spot market. Buyers and sellers can freely quote and match orders, enabling early positioning and price discovery, laying the foundation for trading after official listing.
 
How does pre-market OTC trading work?
 
P2P order matching
  • Users can set prices and quantities according to their own wishes and freely place orders for trading;
  • Supports users actively creating orders or selecting from existing orders to complete transactions;
  • Achieves market-based price discovery, increasing trading freedom.
 
Token settlement mode
  • Sellers need to prepare sufficient project tokens before the settlement time;
  • After a transaction is completed, the system automatically executes the "cash on delivery" settlement process;
  • If unable to perform, the system will activate a margin compensation mechanism to protect buyer rights.
 
Trading guarantee mechanism
To enhance trading reliability and security, the system will freeze funds from both buyers and sellers as performance guarantees when placing orders. In case of default, the frozen margin will be used as the basis for automatic compensation.
 
Advantages of XT pre-market OTC trading
  1. Early positioning: Enter the market before the spot market opens, potentially acquiring high-quality project tokens at low prices.
  2. Market pricing: P2P trading mechanism supports users in independently discovering prices, not limited by centralized quotes.
  3. Liquidity guarantee: Each order pre-freezes assets, ensuring smooth order matching and efficient execution.
  4. Fund security: Equipped with a performance margin mechanism, automatic compensation in case of default, reducing counterparty risk.
  5. Community participation: Activates the community and agents to actively promote, guide market heat, and lay the traffic foundation for spot listing.
 
Risk warning:Opening pre-market trading for a project does not necessarily mean that spot trading will be opened. If the project party defaults or engages in high-risk behavior, XT Exchange has the right to terminate the trading pair and cancel all completed and pending orders. At that time, the system will refund users' frozen funds without charging any fees.

 

Thank you for your support and trust in XT!
XT Team
2025年09月09日

 

【App Download】 https://www.xt.com/zh-CN/app
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【Leverage Trading】 https://www.xt.com/zh-CN/trade/btc_usdt?type=margin
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XT reserves the right to modify, change, or cancel this announcement at its sole discretion for any reason at any time.

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