LN Exchange rolls out TREAT-BTCUSDT Perpetual Trading & Trading Competition
As the TRICK and TREAT merge approaches, the launch of TREAT-margined perpetual contracts is in full preparation and will be listed on LN Exchange on 15 Nov, 3 pm UTC+8.
(Please note: TRICK will merge into TREAT as outlined in this announcement: [Link]. This event is separate from the official Lnfi Token event, which will occur later with a dedicated announcement.)
What is TREAT-Margined Perpetual?
TREAT-Margined perpetual is a type of derivative that allows the trader to gain exposure to BTCUSDT without holding it. The margin, profits, and losses are calculated and settled in the TREAT.
TREAT Trading Competition
To boost trading activity on our TREAT-M perpetual contracts, LN Exchange will distribute 10% of total TREAT trading fees to the top 10% of traders by TREAT weekly trading volume. Winners will receive their rewards at the start of each week. The first reward distribution will occur on the Monday following the completion of a full week.
Competition Duration: 1 month from launch date.
How to Participate in TREAT-Margined Trading?
To get started, you can deposit a minimum of 500 TREAT into your TREAT-margined account on the LN Exchange.
About TREAT-BTCUSDT
Collateral & Settlement Currency: TREAT
Contract Value: 0.01 BTC
Leverage: 1x — 20x*
Margin Maintenance: 2.5% — 10%*
Minimum Order Size:
(BTC Price x 0.01) TREAT*
Maximum Market/Limit Order Size:
150,000 TREAT / 1,000,000 TREAT*
*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 750* TREAT in trading volume.
10 LN Points for every 75,000* TREAT in trading volume.
100 LN Points for every 750,000* TREAT in trading volume.
*may be adjusted in the future.
For long-term sustainability, LN Points for the TREAT-BTC-USDT pair are capped at 20,000 per week. If the weekly trading volume exceeds 150,000,000 TREAT, LN Points will be distributed pro-rata based on each trader’s volume.
User Guide: How to Trade TREAT-M Perps on LN Exchange
Read our user guide on Gitbook: [Link]
About TREAT
Distributed to the community at Lnfi’s soft launch in Oct ’23, to be swapped for Lnfi Network’s token at a later date. Staking the swapped tokens entitles holders to part of the protocol’s revenue.
Asset ID: 0f8b9bb57522a824746b2ce364ae606ad433bc36db66ab86756e0e156a1ed34d
Total Supply: 210,000,000
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.
