LBank is introducing a limited-time Price Protection event for INIT(Initia) Pre-market spot trading! Trade INIT(Initia) during the specified period, and if the price drops, you’ll receive a loss subsidy.

⏰ Period

• Pre-Market Trading Start Time:  April 11th 10:00am UTC
• Pre-Market Trading End Time:  To be determined
• Official Trading Launching: To be determined
• Withdrawal Time:  To be synchronized with other exchanges

💰Pre-market Trading Price Protection Mechanism

1. Price Protection Rules

If user incurs a loss at the end of the Pre-market trading period of INIT(Initia), LBank will subsidize the loss.

2. Calculation Formula

• Subsidy Amount = Net Buy Quantity * Settlement Price - Net Transaction Amount
• Settlement Price = Pre-market average price at the end of trading
• Net Transaction Amount = Buy Order Transaction Amount - Sell Order Transaction Amount
• 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.