According to the LBank announcement, LBank will launch BIO Protocol (BIO1) pre-market trading at 16:00 (SGT) on December 24, and open the BIO1/USDT trading pair. It is reported that the delivery of BIO1 pre-market trading will be carried out 30 minutes before the official opening, and LBank will redeem tokens 1:1 for BIO1 pre-market trading and official trading.
At the same time, in order to protect the interests of users to the greatest extent, LBank launched a price protection limited event to provide all-round protection for BIO1 spot pre-market trading. When the pre-market trading ends, if the price of BIO1 held by the user is lower than the average pre-market trading price of the industry market, the loss caused by the price drop will be subsidized by LBank, up to 50USDT, and the subsidy will be issued to the user's spot account in the form of USDT within 3 days after the end of the pre-market trading.