**After receiving feedback and votes from the community, LS TRADE will conduct a number of new mechanism updates to improve user experience and balance Miners and Traders’ interests.**

# Update details

- Futures contracts on Long Short X will be taken according to the value of **BTC (Bitcoin)** so that users can more easily identify the market trend.
- Time per round: **270 seconds** (4 minutes 30 seconds).
- From the **1st to 90th second** is the ORDER period, allowing the user to choose to join the LONG or SHORT side.
- From the **91st to 180th second** is the period to get LOCK PRICE. Users cannot place orders during this period.
- Between the **181st and 270th second** is the period to wait for the CLOSE PRICE result. Users cannot place orders during this period.
- LOCKED PRICE will be obtained at the **180th second**.
- CLOSE PRICE will be obtained at the **270th second**.
- Rewarded LSC claim period: after every **1000** rounds
- The number of LSCs that can be mined in each Long Short X round will be calculated by the formula: 

**Max Amount LSC mined] = [Total LSC each Round]/78**

For the current cycle, there are 78 LSCs Minted in each Long Short X round, so the number of LSCs that users get when participating in each round will not exceed 1 LSC (78/78).
- Price per Ticket: **0.02 BNB**
- Maximum number of Tickets each user can use to participate on either Long or Short side: **1000 Tickets (20 BNB)**.
- **BURN 2 EARN (B2E) fee is completely FREE OF CHARGE.**

# Conditions for receiving LSC bonus when participating in Long Short X
To receive LSC rewards, users must meet 1 of 2 conditions below:
- Users must join both LONG and SHORT sides at the same time (minimum 1 ticket for each side).
- Users who buy at least 3 tickets for one side (Long or Short) can receive LSC rewards.

⏰ Estimated update completion time: **07:00 UTC (14:00 GMT+7) Thursday, August 10, 2023.**

**This is an update approved by the community vote. With this update, the team hopes that Long Short X will bring more interesting experiences to users, as well as improve the interests of investors.**

👉 *Join Long Short X at: https://app.lstrade.io*

👉 *Download 3S Wallet to join Long Short easily with Mining Bot:*

1️⃣ [Appstore](https://apps.apple.com/vn/app/3s-wallet/id1622316272) 

2️⃣ [CH Play](https://play.google.com/store/apps/details?id=network.bho.wallet&hl=vi&gl=US&pli=1) 


With feedback and votes from the community, LS TRADE will conduct new updates to improve user experience and balance Miners and Traders’ interests.

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