Dear LBank Users,
To enhance trading fairness and optimize user experience, LBank has established a $100 million Futures Risk Protection Fund! If a price spike occurs in the LBank futures market, we will compensate affected users 1.2 times their losses and airdrop an additional 10,000 USDT to all position holders each time. This ensures a safer trading environment and mitigates risks caused by abnormal market fluctuations!
📌 Event Duration
Effective immediately and long-term valid (specific end time subject to official announcements).
📌 Event Rules
🔹 Definition of a Price Spike
Criteria: A spike caused by platform-related factors, where the K-line price deviates by more than 2%* from the market reasonable price within 1 minute and quickly rebounds.
Applicable Range: Top 100 futures trading pairs by market capitalization on CoinMarketCap. If a price spike occurs, compensation and rewards apply.
Market Reasonable Price: Determined based on a composite value from the top 5 derivatives rankings on CoinMarketCap.
🔹 Compensation Mechanism for Price Spikes
If a price spike leads to forced liquidation or stop-loss losses, LBank will compensate users 120% of their loss amount.
Compensation will be distributed in USDT within 48 hours to users' spot accounts.
🔹 Additional Airdrop Rewards
Each time a price spike occurs, LBank will allocate an extra 10,000 USDT from the official fund pool for an airdrop.
Distribution Method: All users holding the affected asset will share the reward proportionally based on their holdings.
Calculation Formula: User Reward = (Individual Holdings / Total Holdings) × 10,000 USDT
Distribution Time: Rewards will be issued in USDT within 48 hours to users’ spot accounts.
📌 Event Notes
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Users must have an active position during the price spike to qualify for rewards. Due to rapid market fluctuations, users should trade responsibly and manage risks wisely.
- Only price spike events reviewed and confirmed by LBank’s team are eligible for compensation. The 2% price deviation is a reference value, and adjustments may be made based on actual market conditions. LBank will update the compensation records for past price spikes under this event announcement.
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Malicious exploitation of this event will result in disqualification and further actions.
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LBank reserves the final interpretation rights of price spike events and may adjust the event rules if necessary.
LBank ensures safer trading—giving you peace of mind in every market fluctuation!
Join futures trading now and experience LBank’s unprecedented trading protection! 🚀
LBank Community
For any assistance, please contact us at our official email service@lbank.com. 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.
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