Dare to Trade
Protect Your GRASS Pre-market Spot Trading!
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đ Protect Your GRASS Pre-market Spot Tradingđ
LBank is introducing a limited-time Price Protection event for GRASS Pre-market spot trading! Trade GRASS during the specified period, and if the price drops, you’ll receive a loss subsidy.
â° Period
- Pre-Market Trading Start Time: October 16, 2024, 16:00 (UTC+8)
- Pre-Market Trading End Time: To be determined
- Official Trading Launching: To be determined
- Withdrawal Time: To be synchronized with other exchanges
đ°Pre-market Trading Price Protection Mechanism
1. Price Protection Rules
If the price of GRASS at the end of the Pre-market trading period is lower than the Pre-market market average price, LBank will subsidize the loss.
2. Calculation Formula
- Subsidy Amount = (Net Buying Average Price - Settlement Price) * Net Trading Quantity
- Net Buying Average Price = Net Trading Amount / Net Trading Quantity
- Settlement Price = Pre-market average price at the end of trading
- Net Trading Quantity = Buy Trade Quantity - Sell Trade Quantity
3. Subsidy Limits
Subsidy limit of 50 USDT/per.
4. Subsidy Distribution
Subsidies will be distributed in USDT to users' spot accounts within 3 days after the Pre-market trading period.
5. Non-subsidy Conditions
No subsidy will be provided if the settlement shows a profit.
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- The event is open to all LBank KYC users.
- Participants must click "Apply Now" first to be eligible to join the campaign. If you don't click "Apply now", you won't be counted as participant.
- Only individual user accounts are eligible. Market makers, API traders, institutional accounts, and multiple users of the same IP address are not eligible.
- LBank will strictly audit and disqualify participants involved in malicious activities, such as wash trading, mass registration of small accounts, or self-trading.
- LBank reserves the right to interpret and modify the event’s terms and conditions.