Primary sales
Primary sales, also known as initial property offerings (IPO) are events where properties are first offered to the public. A percentage of a property (between 1 and 100%) is tokenized and offered to wholesale investors to purchase. At the moment, minimum purchases for primary sales are set to 1000 property units. For any purchases smaller than this, users will need to acquire their desired amount on the market once the property is trading live.
Who can purchase primary sales?
Only accredited, wholesale investors only can purchase property tokens in primary sales. A minumum purchase of 1000 units is required. For those that qualify, the primary sale product will prompt you to submit your relevant information to be able to submit your purchase.
Secondary trading
Secondary trading on Loaf works like trading on any other platform, like Hyperliquid, Binance or Coinbase. We’ve built the whole suite and experience that traders expect to see, like a real time orderbook, market and limit orders, and an in-depth activity panel.
The activity panel
The activity panel is where you can see all your real time and past trading history. This includes:
- Trading positions: These are your current asset holdings (non-USDC)
- Initial offerings: Holdings of any primary sale units that are not yet on the secondary market
- Open orders: Current orders that are open on the order book and not yet fully taken. You can track their fill progress and status here
- Order history: Order history shows all your prior orders and their fill progress and order status
- Trade history: Each order can be made up of multiple trades. This tab lets you view each single trade that made up your orders
- Transfers: See transfers of USDC and property units in and out of your account
Locked balances
Locked balances on Loaf are balances currently pending and unable to be used. This commonly occurs for open order and orders that are in the process of settling on chain. These funds aren’t lost, just temporarily held from trading.