Dear LBank Users,
The distribution of loss subsidies for this event has been completed. If you have any objections to the subsidy, please contact online customer service by Aug 31, 12:00 (UTC) .
LBank is introducing a limited-time Price Protection event for DOGS Pre-market spot trading! Purchase DOGS during the specified period, and if the price drops, you’ll receive a loss subsidy.
Periods:
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Pre-market Trading Period: Aug 20, 06:00 - Aug 26, 04:00 (UTC)
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Official Trading Launch: Aug 26, 12:00 (UTC)
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Withdrawal Time: Before Binance's Withdrawal Time
DOGS Pre-market Trading Price Protection Mechanism:
1. Price Protection Rules: If the price of DOGS 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: (UTC Time)
Period 1 (Aug 20, 06:00 - Aug 21, 16:00): No subsidy limit.
Period 2 (Aug 21, 16:00 - Aug 26, 04:00): Subsidy limit of 50 USDT.
*Note: If a sale occurs during Period 2, the subsidy will be calculated according to Period 2 rules.
4. Subsidy Distribution: Subsidies will be distributed in USDT to users' spot accounts by Aug 28.
5. Non-subsidy Conditions: No subsidy will be provided if the settlement shows a profit.
Event Rules and Terms:
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The event is open to all LBank KYC users.
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Only individual user accounts are eligible. Market makers, API traders, institutional accounts, and multiple users of the same IP address are not eligible.
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LBank will strictly audit and disqualify participants involved in malicious activities, such as wash trading, mass registration of small accounts, or self-trading.
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LBank reserves the right to interpret and modify the event’s terms and conditions.
LBank Community
For any assistance, please contact us at our official email [email protected]. We are dedicated to providing quality, professional and prompt support.
Disclaimer: Digital assets are subject to high market risks and price volatility. The value of your investments may fluctuate, and could even lead to a loss of principal. You are solely responsible for your investment decisions, and LBank is not liable for any losses you may incur. You should invest only in products you are familiar with and understand the risks involved. You should carefully consider your investment experience, financial status, investment objectives, and risk tolerance, and consult an independent financial advisor before any investment. Past performance is not a reliable indicator of future performance. Content on the LBank platform does not include advice or recommendations, and should not be construed as financial advice.
LBank reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.