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📈 Trade ​

Similar to BuildKey 1.0, users trade BuildKeys on a Bonding Curve, which is an AMM to provide the best liquidity.

Different from BuildKey 1.0, BuildKey Atom Upgrade takes a dual-key trading mechanism, enabling users to trade Long keys or trade Short keys.

1. Trade Long: Buy Future Tokens ​

Trade Long allows users to take a long position in the pre-market. By purchasing long keys from the bonding curve, users help drive the key price upward—similar to a traditional bonding curve model.

Long keys can be sold back to the bonding curve at any time, or held until TGE to receive the corresponding tokens.

2. Trade Short: Sell Future Tokens ​

Aspecta BuildKey V2 introduces short trading to the pre-market, enabling users to bet in both directions fairly.

If users believe a project’s current fully diluted valuation (FDV) is overestimated, or they will receive project tokens in the future (e.g., from IDO, ICO, or airdrop), they can open a short position and receive short keys. The short position will drive the key price down.

To claim the potential profit from this trade, users need to close this short position in the following ways:

a. Fully close the short position before TGE

  • When the current key price is below 200% of a user's average open price, the user can fully close the position and receive BNB.
  • A user can also partially close short positions before TGE to lock in part of the profits. But the total profits can only be claimed the entire short position is closed.
  • When the current key price has increased to 200% of a user's open price, the short position enters a "safe liquidation" mode. In this case, the user cannot close the short positions immediately unless the key price drops. However, users can still close your position and receive BNB after TGE by delivering tokens.

b. Fullfill the token obligation after TGE

✅ Liquidation Protection: Protect Short Users ​

Pre-market often suffers more price volatility, giving its highly unstable and poor-liquidity nature. This volatility exposes short position users under high risks. Users might be forcibly liquidated once the price experiences short-term changes. Even if users should be winning if they hold till TGE, they may lose all assets in the pre-market before TGE.

To protect short users, BuildKey V2 introduces a specially designed Liquidation Protection mechanism: short traders will not be forcibly liquidated in the pre-market, they can always close the positions and win profit by finishing asset settlement post TGE.