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💰 Asset Settlement ​

BuildKey V2 is different from BuildKey 1.0, where the assets are provided by the project and Devs. Instead, BuildKey V2 as a decentrazlied and trustless protocol, the trading and asset settlement take place between Long traders and Short traders.

1. Short Position Settlement: Deliver Tokens, Receive BNB ​

When to Deliver the Tokens ​

There is a 2-hour window after the project’s TGE for Short traders to deliver the corresponding tokens. After the delivery, Short traders can unlock and receive their profit.

How to Deliver the Tokens ​

The delivery process is standard and simple. Once you have the corresponding tokens in your connected wallet, you can complete the delivery by clicking the "Settle" button on the BuildKey page and receive BNB immediately.

Failure to Deliver the Tokens ​

Failure to deliver tokens in time will result in your locked BNB remaining in the pool allocated as compensation for long traders.

2. Long Position Settlement: Convert Keys to Tokens ​

Starting 2 hours after TGE, long traders can claim their share of assets from the pool, proportional to their long key balance.

Given that Short position holders may deliver tokens or provide BNB as compensation, long traders may receive either one or both. To be specific, all long traders will share the following based on their key holdings:

  1. tokens from all settled short positions, and
  2. BNB from all unsettled short positions, and
  3. all remaining BNB liquidity in the pool.

Please note: The number of settled/unsettled short positions will affect the received assets for long traders. Please make sure you understand the asset settlement calculation rules before participation.

✅ Post-TGE Flexibility: Protect Long Traders ​

To protect long traders and provide more flexibility, BuildKey V2 introduces a Post-TGE Flexibility mechanism: depending on the short settlement status and TGE token price, long traders will have the flexibility to either sell positions post TGE (within 2 hours), or settle for assets (after 2 hours).

Disclaimer ​

1. BuildKey V2 is a decentralized protocol and a blockchain smart contract. The trading and asset settlement take place between long traders and short traders through the smart contract.

2. The amount of settled assets post-TGE depends on the number of short traders and their choice of asset settlement. The protocol does not guarantee or endorse full settlement of traders. Thus, the tokens received by long traders may be fewer than their long position holdings multiplied by the standard settlement ratio. Instead, long traders will also receive BNB from unsettled short traders as compensation. The protocol also provides flexibility for long traders to sell positions depending on the short settlement status and TGE token price.

3. You are responsible for ensuring you understand and accept the rules and risks associated with participating in BuildKey V2 events, including but not limited to market volatility, dynamic pricing, project-specific risks, and asset settlement calculations. Participation does not guarantee any profit, return, or liquidity. Users should conduct their own due diligence before committing.