LBank Liquid Swap User Agreement

Definition

Unless otherwise specified in context, the agreement shall have the following meanings:

1.1、This Agreement: refers to " Liquid Swap User Agreement "

1.2、Party A: Liquid Swap User，refers to authentication user that had already registered on LBank;
1.3、Party B: refers to LBank platform, which is a global and innovative crypto asset exchange that provides professional digital asset exchange .

Article 2 Party A’s Rights and Obligations

2.1、When Party A provides liquidity to Party B for mining, Party A shall enjoy the fee income generated by the mining transaction, and unconditionally authorize Party B to reasonably distribute and release the fee arising from the mining transaction according to the rules of Party B's platform;
2.2、The assets added by Party A can enjoy the fee income brought by the currency pool transaction. However, when the price of a certain currency fluctuates sharply in the market, the holder of the share of the currency to the pool may not enjoy the same value gain. Therefore, adding liquidity is not a risk-free operation and it does not enjoy the break-even income;

2.3、Party A Before using the Party B Liquid Swap transaction, Party A must confirm the unit price and the required handling fee. Once the transaction instruction is issued, your digital currency assets will be exchanged with the assets in the Party B ("Transaction"). Once the transaction is executed, the user's account will be updated. In order to complete the Transaction, Party A shall authorize Party B to temporarily control the digital currency disposed in the Transaction;
2.4、Party A agree to pay the fees incurred by the Transaction (“Handling Fee”) to Party B, and Party B has the right to change the handling fee at any time at its discretion. The updated handling fee will apply to all sales and other related transactions which occur after the effective date of changing the handling fee. Party A authorize Party B to deduct any applicable fees owed from the user's account in accordance with the terms of this User Agreement;
2.5、When Party A using the Party B service, users shall abide by relevant laws and regulations to ensure that the source of digital assets is legal and compliant;
2.6、When using the Liquid Swap services provided by Party B, Party A shall be fully aware of the risks of investment in digital assets, and the use of the business may result in gains or losses. Party A shall exercise caution and act within its capability;

2.7、Party A agrees that all the investment operations conducted by Party B represent its true investment intention and unconditionally accepts the potential risks and benefits brought about by the investment decision.
 
Article 3 Party B’s Rights and Obligations

3.1、Party B reserves the right to suspend or terminate the mining service. If necessary, Party B may suspend or terminate the Liquid Swap service at any time.
3.2、Due to network latency, computer system failure, and other possible irresistible factors, delay may lead to party b the execution of mining services, pause, stop, or deviation, party b will do our best to ensure implementation but not commitment mining service system runs stable and effective, but as a result of the above factors lead to party b mining services ultimately perform expected results with party a, party b does not undertake any responsibility.

I have read and agreed to the LBank Liquid Swap User Agreement and have agreed to use the LBank mining business. I am aware of this risk and confirm my purchase.