Approve. Wait. Fill.
Three steps
Approve
Pick a market, an amount, and your terms. One signature approves the order program for that amount only. Revoke anytime.
Wait
Your tokens stay in your wallet. A keeper checks the pool every 10 seconds and does nothing until the price meets your terms.
Fill
When the pool pays your minimum, the program swaps through Meteora and checks you received at least that much. Anything less reverts.
What a 20% limit means
The issuer's conversion amount is 5 SPCXx for one raw SPACEX token. A 20% limit requires at least 4 SPCXx per raw token before the fallback date. The displayed pool payout is a current quote for selling one raw token after fees.
PreStocks provide economic exposure, not ownership rights, and secondary-market liquidity is not guaranteed. They are unavailable in the U.S. and to U.S. persons. Issuer terms.