Trade Mining Frequently Asked Questions (FAQ)
🔹 What is Trade Mining?
Trade Mining is a feature that refunds users with PROB equivalent to 1-100% of their trading fees.
🔹 What benefit can I get if I participate in Trade Mining?
Trade Miners get a 1-100% 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?
All trading pairs at ProBit are eligible for Trade Mining.
*Note: Trade Mining is NOT eligible for trading pairs with ongoing trading competitions running during the event period based on Korea Standard Time (KST).
🔹 How much PROB can be refunded?
The PROB refunded amount ranges from 1-100% of trading fees and is dependent on PROB staking amounts (see table below). The higher the amount of PROB staked, the bigger the reward rate!
👉 Staking 100,000 PROB is highly recommended as it unlocks 100% trade mining rewards, essentially allowing for zero-fee trading on all trade mining pairs.
👉 Note that Trade Mining refunds are compounded with Stake Mining rewards.
Click here for more information about trading fee discounts.
🔹 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 participation in 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.