XT Pre-Market Trading: COOK (Cooking.City) Launching Soon – Help Center

Dear XTers,

XT will launch pre-market trading for COOK (Cooking.City). Users can trade COOK before spot trading officially opens. Details are as follows:

Trading Start Time: June 27, 2025, 09:00 (UTC)
Delivery Start Time: Refer to the trading details page for specific delivery times.

【About COOK】

Cooking. City is an innovative token issuance platform aimed at attracting developers and users to participate through fair mechanisms. It recently completed a $7 million funding round supported by investors such as Jump Crypto, demonstrating its potential in the DeFi field. According to the official event page, the platform emphasizes ensuring fairness and transparency in token distribution through innovative "confidence pools" and recommendation mechanisms.

Website: https://c ooking .ci t y /campaign

More About XT Pre-Market OTC Trading：

What Is Pre-Market OTC Trading?

XT Pre-Market OTC Trading is an innovative peer-to-peer trading platform that allows users to trade newly listed tokens before they become available on the XT spot market. Buyers and sellers can freely set prices and complete early-stage token deals, establishing a pricing base ahead of official market launch.

How Does Pre-Market OTC Trading Work?

P2P Order Matching

Users can list orders by setting custom prices and quantities.
Orders can be actively created or selected from existing order books.
Enables market-driven price discovery with high flexibility and user control.

Token Delivery Mode

Sellers must ensure sufficient token balance in their spot account before the settlement time.
Upon successful match, the system performs automatic "token-for-cash" settlements.
In case of default, the system uses a collateralized compensation mechanism to protect buyers.

Trade Guarantee Mechanism

To enhance security and execution reliability, the platform freezes required funds from both buyers and sellers at the time of order placement. In case of default, frozen collateral is automatically used to compensate the affected party.

XT Pre-Market OTC Trading Advantages

Early Positioning: Enter projects before spot trading opens, potentially acquiring high-quality tokens at lower prices.
Market-Based Pricing: P2P trading allows users to discover prices organically, free from centralized controls.
Guaranteed Liquidity: Pre-frozen assets ensure smooth matching and secure transaction execution.
Capital Protection: Settlement backed by margin guarantees reduces counterparty risk.
Community Activation: Encourages community and agent participation, fueling momentum and traffic for future spot listings.

Risk Warning: Participating in Pre-Market OTC Trading does not guarantee that the token will be listed on the XT spot market. In case of default or high-risk behavior by the project team, XT reserves the right to terminate the trading pair and cancel all open and completed orders. All locked funds will be refunded to users' spot accounts, with zero transaction fees incurred.

Thank you for your support!
XT Team
June 27, 2025

【APP Download】 https://www.xt.com/en/app
【Spot Trading】 https://www.xt.com/en/trade/btc_usdt
【Margin Trading】 https://www.xt.com/en/trade/btc_usdt?type=margin
【Futures Trading】 https://www.xt.com/en/futures/trade/btc_usdt
【Copy Trading】 https://www.xt.com/en/futures/copy-trading
【XT Earn】 https://www.xt.com/en/finance/simple-earn
【Derivatives Telegram Group】 https://t.me/XTCNFutures
【Telegram】 https://t.me/XTsupport_EN
【Twitter】 https://x.com/XTexchange
【Facebook】 https://www.facebook.com/XT.comexchange

XT reserves the right, at its discretion, to change, modify, or remove portions of the announcement at any time by posting the amended version on the website.

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