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PAIN Pre-Market Trading Protection

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🚀 Protect Your PAIN(PAIN) Pre-market Spot Trading🚀

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

⏰ Period

  • Pre-Market Trading Start Time:  February 8, 2025, 13:00 (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 the price of PAIN(PAIN) 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.

Time

Register
02-08 21:00
Event started
02-08 21:00
Event ended
02-20 11:10

Rule Explanation

  1. The event is open to all LBank KYC users.
  2. 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.
  3. Only individual user accounts are eligible. Market makers, API traders, institutional accounts, and multiple users of the same IP address are not eligible.
  4. LBank will strictly audit and disqualify participants involved in malicious activities, such as wash trading, mass registration of small accounts, or self-trading.
  5. LBank reserves the right to interpret and modify the event’s terms and conditions.
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