LN Exchange Phase 2 Starting Soon: View Your Eligibility for Closed Early Access and Submit Interest
We are thrilled to announce that the LN Exchange Phase 2: Closed Early Access Test will commence soon. The actual date will be announced after LN Bridge’s launch.
⚠️During the Closed Early Access, users can perform spot trading on the mainnet NOT the testnet i.e. testers are trading with real tokens of value.
Perpetual trading will be released at a later date.
We are taking a more prudent approach to testing, ensuring we meet our test objectives and provide a positive experience for everyone involved. For those who are not in this round, don’t worry. As we progress through the early access phase, we may open additional slots for others to join.
If the test goes well and aligns with the release of Taproot Assets, we may conclude the test early and prepare for the public release.
The following users are eligible to participate in this closed early access:
- Top 350 on LN Points Leaderboard Phase 1.
(snapshot on 4 Aug 2024 23:59 UTC+8) - All active Channel owners
(snapshot on 14 Aug 2024 23:59 UTC+8) - Top 25 on our Zealy Quest leaderboard
- 20 Random winners from Phase 1 Participants
- 20 Random winners from Zealy Quests
Check list of eligible Nostr Address: [Link]
*Those who are not eligible may join the early access by using the LN Bridge to bridge a minimum of 1000 ERC-20 USDT.
To ensure this test is designed to achieve the most optimal results, we seek eligible participants (according to the criteria set above) who have been active and interested in helping us test LN Exchange features rigorously.
Please express your interest via this form, we will reach out to you as soon as possible. [Link]
Phase 2 LN Points
#1 — Spot Trading on LN Exchange
For a limited time during Phase 2, participants will earn DOUBLE LN Points for the trading activities below:
0.1 LN points will be rewarded for every 10 USDT trading volume.
10 LN points per 1,000 USDT trading volume.
100 LN points per 10,000 USDT trading volume.
#2 — Perpetual Trading on LN Exchange
(Coming soon, more details will be released at a later date)
The end date of the Phase 2 closed test will be announced at a future date.
*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.
FAQ
What are the token pairs I can trade on LN Exchange?
In this current phase, users will be able to trade only BTC/USDT.
Can I use my Bitcoin deposited into the LN Node to trade?
Yes, you can use the Bitcoin deposited into your LN Node. However, any amount used for trading will not be counted towards Channel Mining.
Is trading on LN Exchange self-custodial?
In the current phase, LN Exchange operates as a managed custody service with full visibility. We will take a multi-pronged approach to enable full self-custody trading for users with LN Node as per our roadmap
