The 11st Phase of LBK Bi-Weekly Operation Report (2020.01.17-2020.01.31)

Product Updates

1. Launched LBank H5 (m.lbank.me) formally; 

2. Maintain the wallet periodically and updated users’ deposit address;

Operational Updates

1. Completed the third LBK voting listing, in which 8 projects participated and competed for the one free listing place on LBank. 43,146,904 LBK participated in voting, and BHT won with 97.36% of the votes. 109,900 BHT airdrop rewards will be sent to the supporters before listing;

2. Completed two cycles of BTC mining rewards settlement of LBK Cloud-Hashrate from January 20th 2020 to February 2nd, with a total mining rewards of 1.2005376 BTC;

3. From January 13th 2020 to January 26th 2020, the income of total transaction fee is  246,538.08 USDT. The community node released 2 times, at a release rate of 20%.

From January 13th 2020 to January 19th 2020, the total community nodes is 27 and the transaction fees of the nodes is 125,857.8 USDT. Weekly total amount of node release is 987,120 LBK and the release price of LBK is 0.0255 USDT/LBK which is equivalent to 25,171.56 USDT.

From January 20th to January 26th, the total community nodes is 27 and the transaction fees of the nodes is 120,680.28 USDT. Weekly total amount of node release is 1,014,120 LBK and the release price of LBK is 0.0238 USDT/LBK which is equivalent to 24,136.056 USDT.

From January 17th to January 31st, user’s weekly lockup release 11,290,456.08 LBK. The price of LBK during the release is 0.0245119 USDT/LBK, which is equivalent to 276,750.53 USDT.

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

Marketing Activities

Launched the eleventh phase (01.14-01.20) of LBK “You Propose, We’ll Change” activity. A total of 4 users’ 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 twelfth phase.

LBK Quotation Summary

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 0.0232 USDT and 0.0260 USDT. From August 13th to January 31st, 2020, total volume is around 10,684,200,000 LBK. From January 17th to February 1st, total volume is around 1,432,100,000 LBK.

In terms of 4 Hour K Line, the price of LBK has fluctuated in a small range in the last two weeks and trading volume has increased; in this period, the highest price reached to 0.0260 USDT at 01:00 on January 17th and the lowest price reached to 0.0230 USDT at 10:00 on January 26th.

LBK showed an overall upward trend at 16:00 on January 28th. The highest price to reached 0.0248 USDT respectively at 23:00 on January 28th and at 1:00 on the next day. Then the quotation appeared a certain pressure and the price declined to 0.0232 USDT at 19:00 on January 29th.

At 17:00 on January 23rd, the price came to a decline phase after the price reached 0.0255 USDT and declined by 6.25% of the day. The lowest price reached 0.0231 USDT at 12:00 on January 24th and fluctuated between 0.0235 USDT and 0.0238 USDT.