The 8th Phase of LBK Bi-Weekly Operation Report (12.02-12.16)

Product Updates

1. Added different choice of network circuits, optimized the network experience;

2. Adjusted the iOS architecture, increased the retention time in the background;

3. Adjusted the international SMS operators;

4. Completed the development of LBank desktop;

5. Adjusted the leverage and option products;

6. API function supplies the Plan HmacSHA256, by which users can choose the asymmetric or symmetric scheme based on the application scenario;

7. API V2 addedcancellation interface for custom ID, and newly added java, go, python SDK;

8. Listed HTDF and FOG.

Operational Updates

1. Launched the second LBK voting listing, in which 10 projects participated and competed for the one free listing place on LBank. During the half month report announcement, the voting is still underway, and more than 1,704,0784LBK has already participated in the voting.

2. From December 2nd to December 15th, the income of total transaction fee is 313,675.2 USDT. The community node released 2 times, at a release rate of 20%.

From December 2nd to December 8th, the total community nodes total 27 and the transaction fees of the nodes is 159,364.8 USDT. Weekly total amount of node release is 937,440 LBK and the release price of LBK is 0.034 USDT/LBK which is equivalent to 31,872.96 USDT.

From December 9th to December 15th, the total community nodes is 27 and the transaction fees of the nodes is 154,310.4 USDT. Weekly total amount of node release is 964,440 LBK and the release price of LBK is 0.032 USDT/LBK which is equivalent to 30,862.08 USDT.

From December 2nd to December 16th, user’s weekly lockup release 11,369,423.29 LBK. The price of LBK during the release is 0.0343 USDT/LBK, which is equivalent to 389,971.2 USDT.

*Note: The transaction fees of the node are released week by week.

Marketing Activities

1. The 3 AMA’s came to a successful conclusion, including an AMA’s with Seven, the CSO of Suter, in which rewards of 300 Suterwas distributed. Also invited DCN, CBM and TokenTuber to attend the second AMA, and invited BlockBurn to take part in the third AMA.

2. Launched the fourth phase (11.26-12.02) and the fifth phase (12.03-12.09) of LBK “You Propose, We’ll Change” activity. A total of 9 user feedbacks have been received and all of them have been resolved already. During the half month report announcement, LBank is collecting the users’ feedbacks for the sixth phase activity.

LBK Quotation Summary

Quotation Review:

Since the LBK project opened quotation with the price of 0.015 USDT from August 12th, 2019, after the sharp rises and corrections in the early stage, the price during the past half month fluctuated between 0.0290 USDT and 0.0385 USDT. Compared to the opening quotation, the highest price during that time increased 256.66%. From August 13th to December 16th, total volume is around 7,065,000,000 LBK. From December 2nd to December 16th, total volume is around 1,999,002,000 LBK.

At the noon on December 2nd, the price declined to 0.0333 USDT. And after the fixing by the market, the price stablely fluctuated between 0.0343 USDT and 0.0360 USDT.

LBK respectively formed two strong rising channels on December 8th and December 9th, which showed an overall upward trend. The price reached 0.0348 USDT at 11:00 on December 8th. After a brief callback, the price showed a increased trend at the next day, and the highest price of December 9th reached to 0.0350 USDT.

From the noon on December 13th to the early morning on December 14th, the price of LBK showed an overall upward trend, and the highest price on that day reached to 0.0364 USDT. Then the quotation appeared a certain pressure and the price declined to 0.0326 USDT at 20:00 on December 14th, and declined by 7.82% of the day.