🔹 What is Trade Mining?
Trade mining is a feature that refunds users with 20-100% of their trading fees.
🔹 What benefit can I get if I participate in Trade Mining?
Trade Miners get a 20-100% refund of their trading fee, which will automatically be used to buy PROB tokens from ProBit based on the 24-hour average price of PROB.
👉 As a result, users get PROB as a reward for Trade Mining.
👉 Trade miners pay as low as 0% effective trading fees.
🔹 What are the trading pairs applicable for Trade Mining?
- BTC (BTC/USDT, BTC/KRW)
- ETH (ETH/USDT, ETH/BTC, ETH/KRW)
- XRP (XRP/USDT, XRP/KRW)
🔹 How much of the trading fee can be refunded?
The refund rate is dependent on PROB staking amounts (see table below). The higher the amount of PROB staked, the bigger the refund rate!
👉 [RECOMMENDED] Staking 100,000 PROB is highly recommended as it unlocks 100% trade mining rewards, essentially allowing for zero-fee trading on trade mining pairs.
👉 Note that Trade Mining refunds are compounded with Stake Mining rewards.
Click here for more information about trading fee discounts.
🔹 How can I join Trade Mining?
- Stake as many PROB as necessary to receive the intended rate of reward, a minimum of 2,000 PROB. How to Stake PROB >
- Go to your account page and activate the trade mining option.
- Receive daily mined PROB!
🔹 When can I receive my trading fee refund?
Mined PROB will be sent to staking wallets on the next calendar day before 24:00 KST.
👉 PROB staking amount and the activation of trade mining is being verified daily at 6:00 KST to determine mining rewards for trading completed on the previous day.
🔹 How is the unit price of PROB calculated?
The unit price of PROB applicable for Trade Mining is calculated as the 24-hour volume-weighted average price of PROB against the KRW market and updated every 10 minutes. In other words, the last updated average price of PROB will be applied as a unit price for Trade Mining.
🔹 What is the Buyback Program?
80% of all trading fee revenue from Trade Mining transactions will be used for the Buyback Program of PROB, which will help ensure stability and long term growth of PROB.