Eleven days I have placed the same five dollar buy in this campaign. Today I tried to place it at 4.50 and the exchange refused twice, for two different reasons. I had never checked the floor I was standing on.
Setup. 15 August, 16:36 Kyiv time, phone app, $SPCXB order book, limit buy, my own account.
Attempt one. Price 100, size 0.045, total 4.50. Refused on price: "Price cannot be lower than 111.831989024." The reference at that second was 139.79. Divide that refusal number by 0.8 and you get 139.78998628. A twenty percent floor under the limit price I am allowed to name.
Attempt two. Price 115, size 0.039, total 4.485. Refused on size: total order value must be greater than 5 USDT. The only button on that window was Go to Convert.
Attempt three. Price 115, size 0.045, total 5.175. Accepted at 16:36:46.
Control, 16:37, on the largest non stablecoin pair here, total 4.08. Identical window, identical wording.
So the floor is not five dollars. It sits above five dollars.
What you pay for. Three things.
The feed keeps saying fractions from 5 dollars. The wording on my screen says greater than 5, not at least 5. The campaign's own daily task is a 5 dollar trade. The threshold is set above the number everyone is told to trade.
Below the threshold you are not refused, you are redirected. Convert has no book and no limit price. You get a quote instead of a market.
The two limits stack on a small position. Your price is fenced into a band, your size is fenced from below. If the same floor applies on the way out, a five dollar position cannot be sold in halves at all.
Honest limits. One account, one minute, buy side only. I stopped at 4.485 and did not test exactly 5.00. I did not test the sell side, so the last point above is an inference, not a measurement. The band I measured on one pair at one price.
Do it yourself. Open the ticket, type 4.50, read what comes back. Do not take my word for any of this.
@BinanceCIS have you placed a bStock order at exactly the campaign amount?
$SPCXB
#bstockscis
Setup. 15 August, 16:36 Kyiv time, phone app, $SPCXB order book, limit buy, my own account.
Attempt one. Price 100, size 0.045, total 4.50. Refused on price: "Price cannot be lower than 111.831989024." The reference at that second was 139.79. Divide that refusal number by 0.8 and you get 139.78998628. A twenty percent floor under the limit price I am allowed to name.
Attempt two. Price 115, size 0.039, total 4.485. Refused on size: total order value must be greater than 5 USDT. The only button on that window was Go to Convert.
Attempt three. Price 115, size 0.045, total 5.175. Accepted at 16:36:46.
Control, 16:37, on the largest non stablecoin pair here, total 4.08. Identical window, identical wording.
So the floor is not five dollars. It sits above five dollars.
What you pay for. Three things.
The feed keeps saying fractions from 5 dollars. The wording on my screen says greater than 5, not at least 5. The campaign's own daily task is a 5 dollar trade. The threshold is set above the number everyone is told to trade.
Below the threshold you are not refused, you are redirected. Convert has no book and no limit price. You get a quote instead of a market.
The two limits stack on a small position. Your price is fenced into a band, your size is fenced from below. If the same floor applies on the way out, a five dollar position cannot be sold in halves at all.
Honest limits. One account, one minute, buy side only. I stopped at 4.485 and did not test exactly 5.00. I did not test the sell side, so the last point above is an inference, not a measurement. The band I measured on one pair at one price.
Do it yourself. Open the ticket, type 4.50, read what comes back. Do not take my word for any of this.
@BinanceCIS have you placed a bStock order at exactly the campaign amount?
$SPCXB
#bstockscis
