Dear LBank users：

 

To benefit LBK community, LBank will launch "LBK Thursday GO". "LBK Thursday GO" is a program which will be held on Thursday. Within the program, users can enjoy a discounted prices to buy mainstream cryptocurrencies.

The first sale of "LBK Thursday GO" will be launched on Thursday, June 18, and 50,000 USDT will be sold at a 20% discount. The rules are as follows:

 

Subscription time：16:00-18:00 on June 18, 2020 (UTC+8)

Purchase Supply：50,000 USDT

Subscription Currency：LBK

Subscription Mode: weighted average allocation

Participation Condition: Users need to complete the KYC Verification.

Purchase Price Algorithm: Since the price of LBK is not stable, the price of LBK will be calculated according to the trading price of LBK/USDT trading pair within 3 hours before the subscription. The calculation rule will be:  We will backdate 3 hours from the first half hour of the time while the subscription is accepted. The price of USDT will be 20% off of the average USDT price over the first three days of sale. Assuming the price is LBK = 0.006 USDT, then the calculation result of 20%-off USDT is: 1 LBK=0.0075 USDT

Snapshot Cycle of LBK Holding: From 00:00 on June 4 to 00:00 on June 18, 2020 (UTC+8) 

Daily Snapshot Time: Snapshot will be taken at random times during the specified period.

Below is the reference table between LBK average holding amount and subscription amount:  

LBK Average Holding Position（h）

  Subscription Amount (LBK)

Holding Days (Day)

200,000≤h<400,000

50,000 LBK

14

400,000≤h<600,000

100,000 LBK

14

600,000≤h<800,000

150,000LBK

14

800,000≤h<1,000,000

200,000 LBK

14

1,000,000≤h<1,200,000

250,000 LBK

14

1,200,000≤h<1,400,000

300,000 LBK

14

1,400,000≤h<1,600,000

350,000 LBK

14

1,600,000≤h<1,800,000

400,000 LBK

14

1,800,000≤h<2,000,000

450,000 LBK

14

H≥2,000,000

500,000 LBK

14

 Purchase Limit: The subscription quota will be set according to the amount of LBK (spot) held by the user within the specified time. Users who do not hold LBK cannot participate. The number of LBK positions held by the user is calculated based on the average number of LBK held within the specified snapshot time.

Subscription Results:

LBank will announce the subscription result within 2 hours after the end of the subscription. The USDT for subscription will be deducted. The actual subscription amount will be calculated within 2 hours and the following processing will be completed:

 1 Deduct the LBK from the actual subscription;

2 Return the rest of LBK except for the deducted LBK;

3 Complete the distribution of the subscribed token.

* All LBK used to pay for this sale will be used to be burned.

 

Calculation:

The actual subscription amount of a account = (the effective subscription amount of the account) / (the total subscription amount of the whole platform on the same day) * (the total amount of token available for sale on the same day) 

⚠️Notice : Users need to complete KYC Verification and the following countries & regions are not supported in this event: Belarus, the Republic of the Congo, Iran, mainland China, Iraq, North Korea, Sudan, Syria, United States of America and its territories (American Samoa, Guam, northern mariana islands, Puerto Rico and United States virgin islands), Zimbabwe.

 

* 「LBK Thursday GO」 is a high-risk investment method, investors should participate rationally and guard against investment risks. LBank is not responsible for any investment behavior such as guarantee, compensation, etc.;

* The final interpretation of the activity belongs to LBank.

 

Click 「LBK Thursday GO - USDT Special」to participate.

 

If you have problems, please contact LBank official email: [email protected], and we will provide sincere, friendly and immediate service for you. We also welcome you to join LBank.info official English community to discuss the latest issue, (Telegram): https://t.me/LBank_en.