What Is the XAU₮ Newcomer Challenge on LBank?

What Is Tether Gold (XAU₮)?

Tether Gold (XAU₮) is a gold-backed digital asset where each token represents ownership of one troy fine ounce of physical gold allocated to a specific gold bar.

XAU₮ is issued as:

• an ERC-20 token on Ethereum
• a TRC20 token on TRON

The physical gold backing XAU₮ is held in secure Swiss vaults, directly controlled by Tether. Unlike many competing products, XAU₮ charges zero custody fees and maintains full control over gold storage with industry-grade security and anti-threat measures.

When Does the XAU₮ Event Take Place?

Token Splash XAUT Event

• Event Start: January 27, 2026, at 01:00 (UTC)
• Event End: February 3, 2026, at 01:00 (UTC)
• Reward Distribution: February 10, 2026, at 01:00 (UTC)

Who Can Participate in the XAU₮ Newcomer Challenge?

Participation is open to individual users only. Market makers, API traders, and institutional accounts are not eligible. Users must register for the event to qualify.

Accounts found using multiple registrations or sharing the same IP address may be disqualified.

How to Join the XAU₮ Newcomer Challenge?

To participate:

1. Log in to your LBank account
2. Click “Register Now” on the event page before February 3, 2026
3. Complete the required tasks during the event period

Users who do not register will not be considered valid participants.

What Are the Newcomer Tasks and Rewards?

Newcomer Challenge: Share $40,000 in XAU₮

The first 2,000 users who complete the tasks will receive rewards.

To qualify:

• Maintain a cumulative net deposit of at least 100 USDT
• Reach a spot trading volume of at least 100 USDT (any trading pair)

Reward:

• 0.004 XAU₮ per eligible user

What Is the Futures Trading Bonus Event?

Users can also participate in a futures trading competition to share 10,000 USDT in futures bonus rewards.

To qualify:

• Register for the event
• Trade XAUT / PAXG / GOLD futures
• Reach a minimum futures trading volume of 1,000 USDT

Rewards are distributed proportionally based on each user’s trading volume, with a maximum reward of 100 USDT per user.

How Are Rewards Calculated and Distributed?

Trading-based rewards are calculated according to each user’s share of total trading volume

• Newcomer rewards follow a first-come, first-served basis
• All rewards are distributed within 7 working days after the event ends
• Futures rewards are issued as futures bonus, valid for 7 days before expiration.

What Rules Should Participants Be Aware Of?

Users must:

• Maintain a spot or futures account balance greater than the reward amount before distribution
• Avoid prohibited behavior such as wash trading, self-trading, bulk registration, or other manipulation

If multiple new-user events overlap, only the highest reward will be issued.

LBank reserves the right to adjust, modify, or cancel the event and retains final interpretation rights.

Why Is XAU₮ Considered a Gold Holding Alternative?

XAU₮ offers a way to hold gold digitally while maintaining:

• Direct ownership of physical gold
• On-chain transferability
• No custody fees
• Secure storage in Switzerland

For users seeking gold exposure with blockchain flexibility, XAU₮ provides a transparent and asset-backed alternative.