Dear LBank users,
LBank will officially launch the INIT (Initia) USDT-Margined Pre-Market Delivery Contract on April 16, 2025, at 10:00 (UTC). Details are as follows:
| Trading Pair | Leverage | Tick Size | Funding Fee Settlement Frequency |
| INITUSDT | 1~50X | 0.0001 USDT | Every Four Hours |
INIT Pre-Market Delivery Contract Trading Link: https://www.lbank.com/futures/initusdt
※ This will be effective upon commencement of trading.
Pre-Market Delivery Contract Settlement Rules:
LBank will list the INIT/USDT Pre-Market Delivery Contract on April 16, 2025, at 10:00 (UTC), with the following detailed rules:
1.Delivery Time
The pre-market contract delivery time will take place within 24 hours before INIT spot listing. The specific delivery time will be announced separately, so please stay updated.
2.Delivery Price
Actual delivery price = Average transaction price in the last 1 hour before delivery
Risk Warning: The price of the pre-market trading market is determined by the market behavior of both buyers and sellers in the pre-market, and there is no absolute fair price before the spot listing. Pre-market delivery contracts will be executed before the token's spot market listing, and during the period before delivery, the token may experience significant price fluctuations. Users are advised to make their own market judgments, manage risks accordingly, and trade cautiously.
At the time of contract delivery, trading for the contract will be suspended, all user orders will be canceled, and the delivery price will be determined based on the average transaction price in the hour preceding delivery, applying to all user positions under the contract. If the latest transaction price within the last hour before delivery is found to be subject to abnormal manipulation, the platform may adjust the final delivery price to a reasonable level based on actual conditions.
Based on market risk conditions, LBank may adjust the specifications of the INITUSDT Contract from time to time, which include the funding fee, tick size, maximum leverage, initial margin, and/or maintenance margin requirements.
Further Information:
- A Beginner’s Guide To Futures Trading (App)
- A Beginner’s Guide To Futures Trading（Web）
- Trading Rules of USDT-M Futures Contracts
- How to Select Trading Pairs
- LBank Futures Fee Structure
- Mark Price in Perpetual Futures Contract
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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