With the rapid development of the cryptocurrency market, being able to obtain early investment opportunities before a project officially goes live has become a goal pursued by many investors. The “pre-market trading” feature launched by MEXC exchange is an innovative solution born for this demand. It allows users to conduct peer-to-peer over-the-counter trading of new tokens, such as the highly anticipated WLFI, before official spot trading begins. This article will take the WLFI token as an example to provide you with a detailed operational guide to help you understand and participate in MEXC’s pre-market trading, seizing market opportunities.
This article is a comprehensive guide on how to purchase WLFI (World Liberty Financial) tokens in the MEXC pre-market trading. It first explains the core mechanics and advantages of MEXC pre-market trading, followed by an introduction to the WLFI project. The core section breaks down the entire process of purchasing WLFI in detail, from account preparation, entering the trading page, to understanding key information, placing an order, and waiting for settlement, with clear guidance at each step. Finally, the article analyzes the potential risks and rules that must be considered when participating in pre-market trading, aiming to help investors make early investments safely and efficiently while fully informed.
1. Understanding: What is MEXC Pre-Market Trading?
MEXC pre-market trading is an over-the-counter trading market specifically set up for new tokens before they officially launch. It essentially serves as a quoting and matching platform, allowing buyers and sellers to determine the trading price and quantity in advance before official spot trading starts.
- Core Function: Providing a “price discovery” function for new tokens before they go live, meeting some users’ needs to buy or sell in advance.
- Trading Method: Buyers and sellers act as counterparties. Sellers publish sell orders, and buyers publish buy orders. When the prices match, the transaction is executed, but the tokens and funds do not settle immediately.
- Settlement Mechanism: Transactions will be automatically completed at a predetermined “settlement time.” Before this, the assets used for trading (the buyer’s USDT and the seller’s margin) will be locked by the platform.
For more information about MEXC pre-market trading, please see “What is MEXC Pre-Market Trading?”
2. What is WLFI (World Liberty Financial)?
WLFI, full nameWorld Liberty Financial, is a meme token project that has recently gained attention on the Solana blockchain. Meme coins are typically driven by community culture, online popularity, and viral spread. Early trading in new meme coins like WLFI may yield high returns, but also carries significant risks. Through MEXC pre-market trading, investors have the opportunity to position themselves before it gains wider market recognition.
3. Detailed Steps for Purchasing WLFI in MEXC Pre-Market
According to the information and rules from the MEXC pre-market trading page, here are the detailed steps for purchasing WLFI.的信息和规则，以下是购买WLFI的详细步骤。
3.1 Step One: Preparation – Register an Account and Transfer Funds
- Register and complete identity verification (KYC)：
- If you do not have a MEXC account yet, please visit the official website or download the app to register.
- Pre-market trading typically requires completing advanced identity verification (KYC), and be sure to upload your identity information as required to unlock all features.
- Ensure that your spot account has sufficient USDT：
- Pre-market trading uses your spot account funds. You need to purchase or recharge sufficient USDT to your MEXC spot account in advance as payment for buying WLFI.
3.2 Step Two: Enter the WLFI Pre-Market Trading Page
- Navigate to : After logging into your MEXC account, find [Spot Trading] in the top navigation bar, and select [Pre-Market Trading] from the dropdown menu.
- Select WLFI: In the pre-market trading market list, find and click WLFI. You can also directly visit the pre-market tradinglink to enter directly.
3.3 Step Three: Understand the Key Information on the Trading Interface
Before placing an order, you must fully understand the key data displayed on the page:
- Token Name: WLFI (World Liberty Financial).
- Trading Time: The page will clearly display the start and end times for pre-market trading. You can only place or cancel orders within this time window.
- Settlement Time: This is the most critical time point. At this time, the platform will execute the delivery of tokens and funds.
- Latest Transaction Price/Reference Price: Shows the price of the most recent transaction, providing you with a reference for bidding.
- Order Book : On the left side are buy orders (green), and on the right side are sell orders (red), displaying the current market’s buying and selling intentions and depth.
- Collateral Rate : This is the margin ratio that the seller needs to pledge. For buyers, it indirectly reflects the cost of seller default.
3.4 Step Four: Place an Order to Buy WLFI
- Select ‘Buy’: In the trading operation area, ensure that you have selected the ‘Buy’ tab.
- Set Price and Quantity：
- Price (USDT): Enter the unit price at which you are willing to purchase WLFI. You can refer to the sell orders on the right to set a competitive price for a quick transaction or place a lower price and wait for market fluctuations.
- Quantity (WLFI): Enter the number of WLFI tokens you wish to purchase.
- Confirm Order Information: The system will automatically calculate the amount required for this order,Transaction Amount (USDT).This amount will be temporarily locked by the platform as your purchase confirmation.
- Click ‘Buy WLFI’: After checking that all information is correct, click the order button.
- View Orders: After placing an order, you can see your open order in the ‘Current Orders’ section below. If the order is executed, it will move to ‘Historical Orders.’
3.5 Step Five: Wait for Settlement – The Most Critical Step
Pre-market trading is not ‘payment on delivery.’ After you successfully place and complete a transaction, you need to patiently await the official ‘Settlement Time.’
- For Buyers: The USDT you paid is locked.
- For Sellers: Sellers need to recharge the promised quantity of WLFI tokens to their MEXC account before the settlement time.
Two situations may arise at settlement:
- Normal Settlement: The seller has delivered the WLFI tokens on time and in full. At the settlement time, the system will automatically transfer the WLFI tokens to your spot account, while releasing the locked USDT to the seller. The transaction is complete.
- Seller Default: If the seller fails to deliver the full amount of WLFI by the settlement time, you will get back all your locked USDT and receive a portion deducted from the seller’s margin asdefault compensation.The compensation rate will be specified in the trading rules. Although there is economic compensation, you will also miss the opportunity to obtain WLFI at the agreed price.
4. Risks and Considerations When Participating in WLFI Pre-Market Trading
- Price Volatility Risk: The pre-market trading price is formed by free market negotiation and may differ significantly from the opening price after official listing. You may buy at a higher or lower price than the opening price.
- Liquidity Risk: The number of participants and the amount of funds in the pre-market are much lower than in the official market, which may result in your orders not being executed in time or the execution price deviating greatly from expectations.
- Settlement Default Risk: Although there is a compensation mechanism, sellers may still default, causing you to miss the opportunity to obtain tokens.
- Fund Locking: Your purchase funds will be locked until settlement is complete and cannot be used for other transactions during this period.
- Be sure to read the official rules.: Before participating in any pre-market trading, please be sure to click on the “Trading Rules” on the trading page and read them carefully to fully understand all terms including staking, settlement, and default handling.
5. Participate in the MEXC WLFI Pre-Hype Festival to share $100,000 WLFI!
5.1 Introduction to the MEXC WLFI Pre-Hype Festival
The lucky spin activity is limited to users who register after the event starts; users must click onthe event pageto click【Sign Up Now】button to participate in all tasks. Completing tasks will earn you chances to spin the wheel and rush to share $100,000 worth of WLFI tokens! Secure your benefits early and gain an advantage before WLFI goes live! Limited quantities, hurry to participate!
5.2 How to get chances for the WLFI Pre-Hype Festival raffle?
There are three ways to obtain raffle chances
- Recharge: Complete a designated recharge task of a specific amount to your MEXC account. A cumulative recharge of 100 USDT during the event can earn you 1 raffle chance;
- Trade: Complete specified total trading tasks for certain trading pairs or contract trading tasks; meeting the required trading volume will earn you raffle chances, with a maximum of 600+ raffle entries possible;
- Invite friends and complete tasks: For each invited user who accumulates a recharge amount of ≥ 100 USDT within 7 days after their first recharge and completes any contract transaction, you will receive 1 raffle chance, with a maximum of 10 raffle chances possible.
For more rules on how to obtain chances, please refer to MEXC WLFI Pre-Hype Festival event pagefor detailed explanations.
Conclusion
MEXC’s pre-market trading feature provides investors with a unique early entry channel, allowing purchases of popular new coins like WLFI without waiting for the official launch. However, this ‘running ahead’ opportunity comes with specific trading mechanisms and risks. With this detailed guide, you should now have a clear understanding of how to buy WLFI in MEXC’s pre-market trading. Be sure to conduct thorough research before investing, assess your risk tolerance, and make rational decisions.
Join MEXC and Get up to $10,000 Bonus!
