PI/USDT

Spot trading is the direct buying or selling of Fake PI at the current market price (market order) or a specific price you set (limit order). Here’s how it works:

• Funding Rates: Applied every 8 hours at ±0.05% of your position value, depending on market conditions. Example: A 1,000 USDT position may cost or earn 0.50 USDT per cycle.
• Maintenance Fees: Charged daily at 0.02% of your position value. Example: A 1,000 USDT position incurs 0.20 USDT daily.
• Position Decay: Positions lose 1% of their margin daily after 3 days of inactivity. Example: A 1,000 USDT position loses 10 USDT daily.
• Liquidation Penalty: Liquidation incurs a 10% penalty on position value, deducted from spot USDT. Example: A 4,000 USDT position costs 400 USDT extra on liquidation, even if margin is only 400 USDT.
• Maintenance Margin: Only 0.5% of position value, meaning liquidation happens faster. Example: A 4,000 USDT position liquidates after a ~9.5% price drop at 10x leverage.
• Volatility Adjustments: Margin rises to 4% during high volatility (5% price change in 5 minutes), increasing risk.
• High Risk Warning: Losses can exceed your futures margin due to the penalty. Example: A 400 USDT margin position with 10x leverage losing 20% can cost 810 USDT total (400 margin + 400 penalty).

Spot trading on Thomance™ is straightforward. Follow these steps:

1. Fund Your Wallet: Ensure you have USDT (e.g., 50 USDT) in your exchange balance.
2. Navigate: Go to the spot trading interface, view the PI/USDT pair (e.g., 0.10 USDT).
3. Market Buy: Enter 100 PI, spend 10 USDT instantly, get 100 PI.
4. Limit Buy: Set 0.09 USDT for 100 PI; executes when price drops, costing 9 USDT.
5. Sell: Market sell 100 PI at 0.10 USDT for 10 USDT, or limit sell at 0.11 USDT for 11 USDT when price rises.
6. Post-Trade: Balance updates minus a small fee (e.g., 0.1%). PI stays until you sell or use it.

Monitor the order book and chart to time your trades!

Futures trading lets you speculate on PI’s future price with leverage, amplifying profits and losses without owning the asset. Key points:

• Long/Short: Bet on price rising (Long) or falling (Short).
• Leverage: Multiply your position (e.g., 10 USDT with 10x leverage = 100 USDT position).
• Example: Long at 0.10 USDT, price rises to 0.11 USDT (10% up), gain 100% (100 USDT profit). If it drops 10%, lose 10 USDT (liquidation).
• Risk: High-risk, high-reward. Liquidation wipes your margin if price moves too far against you.

Perfect for volatility traders not holding PI long-term.

Futures trading on Thomance™ is powerful yet simple. Here’s how:

1. Fund Wallet: Add USDT (e.g., 20 USDT) to your futures wallet.
2. Setup: Select PI/USDT, choose leverage (e.g., 5x = 100 USDT position).
3. Long: Enter at 0.10 USDT; if price hits 0.12 USDT (20% up), gain 100% (100 USDT profit).
4. Short: Enter at 0.10 USDT; if price drops to 0.08 USDT (20% down), gain 100% (100 USDT profit).
5. Orders: Market order for instant entry, or limit order (e.g., Long at 0.09 USDT).
6. Manage: Close manually, set stop-loss (e.g., 0.09 USDT), or risk liquidation if price moves 20% against you (5x leverage).

At Thomance™, we’ve implemented several measures to ensure futures trading is fair, balanced, and sustainable for all users. Here’s how we manage profits, prevent excessive gains, and simulate market dynamics:

• Profit Limits Per Trade: Each futures trade is capped at a maximum profit of 500% of your leveraged position value. For example, if you use 10 USDT margin with 5x leverage, your position value is 50 USDT, and your profit cannot exceed 500% of that position value, which is 250 USDT.
• Daily Profit Limit: Your total daily profit is limited to 1,000% of your starting balance (combined USDT and futures USDT at the start of the day). If your starting balance is 100 USDT, you can’t earn more than 1,000 USDT in a day. This resets at midnight UTC.
• Position Size Restrictions: The maximum position value is capped at 25x your total balance or 1,000,000 USDT, whichever is lower. This prevents users from taking overly large positions that could destabilize the market.
• Market Impact Simulation: Large trades affect the price through a market impact model. For every 10,000 PI traded, the price slips by 0.2% (e.g., buying 20,000 PI increases the price by 0.4%). This simulates real-world liquidity constraints and discourages market manipulation.
• Circuit Breaker: If the price changes by 20% or more within 5 minutes, trading is halted temporarily to prevent extreme volatility and protect users from rapid losses.
• Leverage Limits: Leverage is capped at 10x to reduce the risk of massive losses or gains. Higher leverage increases risk but also caps potential profits within the above limits.

These measures ensure a balanced trading environment where users can profit from smart strategies without exploiting the system. Trade wisely and monitor your daily limits!

Futures trading on Thomance™ includes additional costs and market dynamics to simulate real-world trading. Here’s what you need to know:

• Funding Rates: Applied every 8 hours at ±0.01% of your position value, depending on market conditions (positive for longs in bullish markets, shorts in bearish). Example: A 1,000 USDT position may cost or earn 0.10 USDT per cycle.
• Maintenance Fees: Charged daily at 0.05% of your position value to cover platform costs. Example: A 1,000 USDT position incurs 0.50 USDT daily.
• Position Decay: Positions lose 0.1% of their value daily to reflect holding costs. Example: A 1,000 USDT position loses 1 USDT daily.
• Volatility Adjustments: Prices adjust by up to 4% based on market volatility, affecting liquidation and PnL calculations.
• Tight Stop-Loss/Take-Profit: Stop-loss and take-profit orders execute precisely at your set price, ensuring quick exits. Example: Set stop-loss at 0.09 USDT to limit losses.

Monitor these costs in the open positions table to manage your trades effectively!