LN Exchange Launches BURGER-BTCUSDT Perpetual Trading & Market Making Crowdfunding Campaign

Get ready for an exciting milestone — BURGER-BTCUSDT will be the first-ever ALTCOIN-margined perpetual available on the LN Exchange soon! Traders can now utilise BURGER as collateral while gaining exposure to BTC’s price action.

What is ALTCOIN-Margined Perpetual?

An ALTCOIN-margined perpetual contract is a type of derivative that allows the trader to gain exposure to another asset without holding it. (e.g. BTCUSDT). The margin, profits, and losses are calculated and settled in the contract-specified ALTCOIN (such as BURGER).

This setup allows you to gain exposure to other assets with supported ALTCOINs (such as BURGER).

Limited Time — BURGER Crowdfunding Campaign

For the BURGER-margined (BURGER-M) perpetual contract, liquidity will be sourced from market maker to ensure ready availability for traders.

Why is a Crowdfunding Campaign Needed?

• Market-Making Requirement:
  To facilitate market-making for BURGER-M perpetual contracts, we require a sufficient supply of BURGER. Since BURGER was 100% distributed via airdrops, the majority of the supply is held by the community. Therefore, we are launching a call for a BURGER market-making campaign.
• Unlocking Utility:
  Introducing BURGER-M Perpetual Contracts provides additional utility for BURGER, elevating its status beyond that of a memecoin.
• Profit Distribution:
  If profits are generated from market-making, contributors will receive a share distributed monthly at the start of each month, based on their contribution. The market-making process for BURGER is overseen by Lnfi. Note: Returns are not guaranteed, and contributions carry inherent risks.

Your participation helps to align interests for the long-term success of the token and we eagerly seek your participation.

Note: The market-making strategy carries inherent market risks and the potential for losses. Contributions of BURGER for market-making purposes are held in custody and cannot be withdrawn. Both the contributed BURGER and any potential profits will be distributed to contributors at Lnfi’s discretion. The contributed portion will only be returned to contributors if there is no longer a need to exercise market-making.

BURGER Crowdfunding Details

Softcap: 4,000,000 BURGER
End Date & Time: To be announced this week.*

*Any BURGER received after the End Date will not be refunded or included in the profit distribution calculation.

If you’re interested in participating in this crowdfunding, please transfer the BURGER to the following Nostr address before the deadline:

npub1e8c642d230qzzjnwrgm4v096sttu2zezkl9pyqc6k4f3xtk9450s6757f6

BURGER Trading Competition

To boost trading activity on our BURGER-M perpetual contracts, LN Exchange will allocate the first month of BURGER trading fees to host a BURGER Trading Competition. The distribution of the fees will be as follows:

• 60% of the total fees will be evenly distributed among the top 10% of traders based on their weekly trading volume.
• 30% will be allocated to the next 10% of traders.
• The remaining 10% will be awarded to a randomly selected 10% of traders, excluding the top 20%.

Rewards will be distributed to the winners on a weekly basis.

How to Participate in BURGER-Margined Trading?

To get started, you can deposit a minimum of 500 BURGER into your BURGER-margined account on the LN Exchange.

About BURGER-BTCUSDT

Collateral & Settlement Currency: BURGER
Contract Value: 0.01 BTC
Leverage: 1x — 20x*
Margin Maintenance: 2.5% — 10%*

Minimum Order Size:
0.01 BTC / 600 BURGER* (whichever is lower in notional value)
Maximum Order Size:
10 BTC / 1,000,000 BURGER* (whichever is lower in notional value)

*may be adjusted in the future.

Fees

Taker Fee: 0.05%*
Maker Fee: 0.02%*

*may be adjusted in the future

Earn DOUBLE LN Points

0.1 LN Points for every 1,500* BURGER in trading volume.
10 LN Points for every 150,000* BURGER in trading volume.
100 LN Points for every 1,500,000* BURGER in trading volume.

*may be adjusted in the future.

For long-term sustainability, LN Points for the BURGER-BTC-USDT pair are capped at 20,000 per week starting 4 Nov. If weekly trading volume exceeds 300,000,000 BURGER, LN Points will be distributed pro-rata based on each trader’s volume.

User Guide: How to Trade BURGER-M Perps on LN Exchange

Read our user guide on Gitbook: [Link]

About BURGER

BURGER is a community-created token issued to commemorate Donald Trump’s payment for a burger meal via the Lightning Network during his candidacy for President of the United States.

For any questions regarding BURGER, please refer to the official channels.

Website: https://www.theburger.space/
X: https://x.com/Burger_LnChina
Telegram: https://t.me/lnburger

Reminders & Disclaimers

- All positions may be closed at the end of the test phase to allow LN Exchange to prepare for Phase 3 or the official launch of LN Exchange.

*Important*

We would like to remind all users that trading cryptocurrencies involves significant risks and price volatility. It is essential to engage in trading activities with a clear understanding of these risks and to make decisions with a sound mind. We strongly advise that you only invest funds you can afford to lose. Please exercise due diligence and trade responsibly. Seek professional financial advice if necessary.

The Lnfi team reserves the right to cancel all rewards at their discretion. Additionally, trading fees may be adjusted and any changes will be announced by the Lnfi team in the future.

Washtrading restriction: Transactions flagged as washtrading may be subject to eligibility at the discretion of the team.

For more detailed information, please refer to our terms of use.