Investment limitation on Pionex Arbitrage bot(Aggressive mode)

Dear users,

To control your investment risk and consistently provide you with the lower-risk financial solution, Pionex will set some limitations on the Pionex Arbitrage bot(Aggressive mode) when investing with altcoins.

The following rules will become effective from 12:00(UTC) on 2021/11/19. 

1. Only supports a maximum of 2x leverage when arbitrage with altcoins.

• The 3x leverage is only applicable when arbitrage with BTC or ETH.
• Arbitrage with the other coins supports a maximum of 2x leverage.

2. The maximum investment amount for a single altcoin is 10,000 USDT.

• The rule is NOT applicable to the moderate mode nor the BTC/ETH arbitrage bot.
• The maximum investing amount and the total investment after adding investment should not exceed 10,000 USDT when arbitrage on altcoins.

3. Total investing limit on altcoins for a single user is 50,000 USDT.

• The investment amount invested in moderate mode and ETH/BTC arbitrage bot will NOT be included when calculating the remaining amount.

4. Total investment quota on altcoins.

• The rule is NOT applicable to the moderate model nor the BTC/ETH arbitrage bot.
• The total investment quota is shared by all Pionex's users. When the remaining quota of an altcoin is 0, creating new arbitrage orders on these coins or adding investment to the running bot is forbidden.
• For example: If the total investment quota for SXP is 10,000,000 USDT and 9,999,000 USDT has been used at this time. The maximum investment/adding amount should not exceed 1000 USDT in this case. However, the quota will be released after other users close the SXP arbitrage bot or withdraw investment.

Please note:

• The rule is only applicable when arbitrage with altcoins in Aggressive mode. Arbitrage with Moderate Mode or arbitrage with BTC/ETH will not be affected.
• The orders created before the effective time will keep running after the rules go effective.
• When adding investment to the existed orders, the maximum amount to be added is also limited by the rules.

Example on calculating the maximum amount to be invested on altcoins:

Pipi has 5 running arbitrage bots:

• Moderate mode: invested 50,000 USDT.
• ETH(Aggressive Mode): invested 50,000 USDT.
• SXP(Aggressive Mode): invested 30,000 USDT.
• ALICE(Aggressive Mode): invested 8,000 USDT.
• TLM(Aggressive Mode): invested 7,000 USDT.

After the risk control rules become effective, the SXP arbitrage bot has exceeded its maximum investment amount. However, as the bot was created before the effective time, it will keep running normally but could not add any investment to it.

And if Pipi wants to start a new arbitrage bot on ADA, the total remaining quota for ADA is 10,000,000 USDT. The maximum amount Pipi could invest in ADA arbitrage bot is: 

min(10000000,10000,50000-30000-8000-7000)=5000 USDT