BITBON/USD
In accordance with the Bitbon System White Paper, in the period of increase in Bitbon liquidity, specific trading conditions will be in effect on the Bit Trade Exchange to exclude possible price manipulations
Commission* for Bitbon sale
10% of the amount of Bitbons to be sold
Commission is charged in Bitbons (according to the global marketing strategy published in the White Paper, this commission will be charged until the launch of Consensus building mining, and afterwards, it will constitute 0.25% of the amount of Bitbons to be sold)
Commission for Bitbon purchase
0.25% of the payment amount in USD, not less than 0.1 USD
Commission is charged in USD
Minimum account balance in USD
1 USD
Maximum account balance in USD
1,000,000 USD
Balance above the specified amount should be agreed with the Company
Minimum account balance in Bitbons
1 Bitbon
Maximum account balance in Bitbons
Not limited
Acceptable price variation of a Sell order below the maximum price* over the last trading week. Trading week (7 days/168 hours): from Monday 00:00:01 to Sunday 23:59:59 (UTC+0)
1.5%
Maximum number of open positions and set pending orders in the Trading Account
5 orders
5 orders within 6 hours
Minimum step of change in a transaction volume
0.1 of base currency
Minimum transaction volume
0.1 of base currency
Maximum volume of a Buy Limit order
Not limited
To ensure more stable pricing and liquidity of Bitbon, a temporary condition will be in effect for the initial development period of the Bit Trade Exchange and the establishment of open bidding on the BITBON/USD instrument — maximum volume in USD of one Bitbon Sell order
Maximum acceptable volume depends on the Bitbon price specified when creating the order and constitutes from 5 to 1,000 USD per one order. It means that the higher the Bitbon sale price you specify, the higher the maximum sale amount of one order in USD is.

For example, with the specified Bitbon price of 10 USD, the maximum acceptable sale amount will constitute 50 USD per one order; with the Bitbon price of 20 USD, it will reach 100 USD; with the Bitbon price of 100 USD, it will go up to 500 USD and so on. The acceptable volume for Bitbon Sell orders is calculated in multiples of 5 USD in relation to the Bitbon price, i.e., for example, if the specified Bitbon price is 37 USD, the maximum acceptable sale amount will constitute 185 USD per one order.

To ensure a stable price range, specific trading conditions will be in effect on the Bit Trade Exchange over the period of increase in Bitbon liquidity — a minimum Bitbon sale price
— Minimum acceptable sale price of Bitbons purchased during the crowdsale stages of the Bitbon System (before the start of open bidding on the Bit Trade Exchange) and received upon activation of a Certificate, as well as transferred by other Users, is 6.45 USD per 1 Bitbon.

— Sale price of Bitbons purchased since the start of open bidding on the Bit Trade Exchange using the order book can be equal to a purchase price or higher than 4.5 USD per 1 Bitbon.

— Sale price of Bitbons received during Consensus building mining of the Bitbon System and equated to Bitbons purchased using the order book on the exchange can have any value. The recommended sale price is higher than 4.5 USD per 1 Bitbon.

Leverage*
Not available
According to the results of trading operations, fiat and crypto currencies are exchanged based on the ratio 1:1
Order matching algorithm
FIFO (First In First Out) is an order matching algorithm, which operates according to the principle “first in, first out”. In the process of matching incoming orders, a Limit order placed in the order book first is processed earlier than other orders on the same price level.

* Commission is a service charge for each executed trading operation.

* Maximum price is the highest price of the executed order on a trading instrument over the last trading week.

* Leverage is a ratio between the borrowed amount and the volume of a trading operation.

* Limit order is a Buy or Sell order placed in the order book at the price set by the Customer.
If the Limit order is not executed within 90 days, it is automatically rejected by the system, and the Customer’s funds will be returned to his/her Trading Account.