Product Updates
1. Added K Line module on LBank H5 and fixed bugs.
2. Added the function of bulk order of API, updated Java and python SDK.
3. Optimized the price reminders function of APP and adjusted the multi-language adaption of some functions.
4. Upgraded risk control of system to capture abnormal asset transactions in real time.
Operational Updates
1. Completed two cycles of BTC mining rewards settlement of LBK Cloud-Hashrate from February 17 to March 1, with a total mining rewards of 1.1610624 BTC.
2. Launched Leveraged ETF Challenger Cup with a reward up to 1.1 BTC. As of the half month report announcement is issued, this activity is still underway.
3. From February 10,2020 to February 23, 2020, the income of total transaction fee is 214,689.114 USDT. The community node released 2 times, at a release rate of 20%.
From February 10 to February 16, 2020, the total community nodes is 27 and the transaction fees of the nodes is 112,333.024 USDT. Weekly total amount of node release is 898,664.189 LBK and the release price of LBK is 0.025 USDT/LBK which is equivalent to 22,466.605 USDT.
From February 17 to February 23, the total community nodes is 27 and the transaction fees of the nodes is 102,356.09 USDT. Weekly total amount of node release is 1,137,289.889 LBK and the release price of LBK is 0.018 USDT/LBK which is equivalent to 20,471.218 USDT.
From February 16 to March 1, user’s weekly lockup release 15,493,130.14 LBK. The price of LBK during the release is 0.0207 USDT/LBK, which is equivalent to 320,707.79 USDT.
Note: The transaction fees of the node are released week by week.
Marketing Activities
1. Launched the 14th phase (02.10-02.16) and the 15th phase (02.17-02.23) of LBK “You Propose, We’ll Change” activity. A total of 7 users’ feedback have been received. 2 of them have been resolved already and 5 will be solved within this month. During the half month report announcement, LBank is collecting the users’ feedback for the 16th phase activity.
2. Completed 3 LBK Talk Show with Suolaotou of Zhenbencong Community, Kevin Zhou (head of Aladdin Coin Research Institute) and Xiangma (the founder of Fibos).
3. Completed a Community AMA with Sutersus CSO Seven.
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 0.0144 USDT and 0.0289 USDT. From August 13th, 2019 to March 2nd, 2020, total volume is around 13,998,000,000 LBK. From February 16th to March 2nd, total volume is around 2,046,000,000 LBK.
In terms of 4 Hour K Line, the price of LBK fell slightly in the last two weeks and trading volume was relatively stable; in this period, the highest price reached 0.0289 USDT at 00:00 on February 16 and the lowest price reached to 0.0144 USDT at 12:00 on February 27.
From February 18 to the early morning on February 20, the price was leveling out and fluctuated between 0.0240 USDT to 0.0250 USDT. Then the price declined to 0.0210 USDT at 10:00 on February 20. The hourly trading volume has reached 10,573,000 LBK which is the highest level of the week at 6:00. After that, the price ended the decline phase and fluctuated in a small range around 0.0220 USDT.
From February 29 to March 2, the price fluctuated between 0.0154 USDT and 0.0170 USDT. Then the price came to an rising phase at 20:00 on March 2 and reached 0.0205 USDT at 23:00 which is the highest price and increased by 12.75% at 22:00.
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