What is SellToken (SELLC)

SellToken is a decentralized exchange that specializes in short trading. The platform operates using smart contracts and executes short-selling requests submitted by users in a fully automated manner. The entire process is based on unmodifiable code, ensuring complete user control and transparency throughout the short-selling operation.

Essential information for their token is available on the MEXC Digital asset introduction page. Furthermore, we are listing (SELLC/USDT – Trade it here) soon! Stay tuned for more!

What is SellToken (SELLC)
What is SellToken (SELLC)

How Does SellToken Work?

SellToken is a decentralized exchange that offers short-selling options. It has the ability to short tokens for as little as ten thousand yuan. Project parties from all over the world can list their own project tokens on SellToken. Furthermore, there is a basic reserve for non-redeemable short pools. Retail investors can add a certain amount of tokens to earn daily token interest and work with the project party to increase the size of the short pool assets.

Individual investors can also add short pools with fixed deposits for 1-day, 5-day, and 10-day periods. It comes with interest rates of 0.01%, 0.06%, and 0.135%, respectively. Upon maturity, the local currency and interest can be withdrawn from the short pool together. With SellToken, users can easily and securely engage in short selling and earn daily token interest while working with project parties to maximize short pool assets.

How to Use SellToken?

SellToken allows users to transact using blockchain-based currencies such as ETH and BNB for the settlement of transactions. Users can open short positions and close positions. Additionally, the amount of money that can be opened for short-selling depends on the size of the currency’s short pool.

The maximum allowable short-selling amount is 10% of the assets in the short-selling pool. Meanwhile, the maximum return on short-selling is also 10% of the assets in the real-time short-selling pool. When a user opens a short position, 97% of their short funds are automatically purchased by the token and returned to the short pool.

To open a short position, users only need to enter the token contract address into the SellToken Dapp. It will query the details of the short pool assets of the token and decide whether to open a short position. The smart contract records the initial price of the user’s position, and the user’s individual profits and losses are settled based on the fluctuation ratio of the token market after the real-time currency price rises by 2%. Each wallet address can also simultaneously hold multiple tokens and open short positions as needed.

Benefits of SellToken

SellToken sets itself apart from traditional centralized exchange contracts by offering a key difference: it never explodes when short. This prevents malicious manipulation of token prices by sellers. Additionally, the SellToken aggregation platform supports all ERC20 tokens. Users can pay the blockchain ecological currency to obtain mining rights. By using SellToken, users can transact securely and transparently, without having to worry about fraudulent practices that are often associated with traditional centralized exchange contracts.

Where to buy SELLC Token

You can find SELLC Token here at MEXC! We are listing SELLC/USDT soon!

What is the Price of SELLC Tokens?

The live price of SELLC token is coming to MEXC soon. You can check the live price of their token right here!

How to buy SELLC Tokens on MEXC

You can buy SELLC Tokens on MEXC by following the steps:

  1. Log in to your MEXC account and click [Trade]. Click on [Spot].
  2. Search “SELLC” using the search bar to see the available trading pairs. Take SELLC/USDT as an example.
  3. Scroll down and go to the [Spot] box. Enter the amount of SELLC you want to buy. You can choose from opening a Limit order, a Market order, or a Stop-limit order. Take Market order as an example. Click [Buy SELLC] to confirm your order. You will find the purchased SELLC in your Spot Wallet.

You can find a detailed guide on how to buy SELLC Tokens here.

Keep Yourself Updated With The Crypto Trend

Check out all of the listings in the Innovation and Assessment zones as well as the major tokens in the Main Zone – we have more amazing projects to come! What’s more, MEXC lists moonshots and offers access to trade major cryptocurrencies. Visit the Hot Projects section as well to uncover more featured popular tokens. Lastly, feel free to visit MEXC Academy to learn more about cryptocurrency!

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