Product Updates
1. Adjusted the rate of trading fee, and launched LBK Member Mechanism.
2. Listed JUS, GLEEC, BBC, BBCNP and FOIN.
3. Launched “Cryptocurrency Quantitative” Assets Management Service and tracked the returns and risks of products in real time.
4. Upgraded LBank Desktop and optimized ETF Trading Board.
5. Added a new function which is used for hiding trading pair.
6. Adjusted the account structure, and added Yubibao account.
7. Added the volume function in LBank H5.
8. Optimized the function and experience of the API query, the real-name authentication progress, C2C order, etc.
Operational Updates
1. Completed 「LBK Spring Duck Plan」 Special Sale with JUS with a total amount of 400,000 USDT. Repurchased and burned 28,571,428.57 LBK at the price of 0.014 USDT/LBK.
Burning Tx Hash:
0x4c84ec06610b8a755433371944e7d0cd459dc534273761febb6a2ce28d74eb2c
Burning address: 0xB8e52B05Faf9490507A0F5E8eD0C286EF0C21EF6
2. Completed two cycles of BTC mining rewards settlement of LBK Cloud-Hashrate from March 30 to April 12, with a total mining rewards of 1.2701696 BTC.
3. Completed GLEEC Trading Competition and Airdrop with a total reward of 40,000 GLEEC, equivalent to 28,000 USDT.
4. Completed HEX Q&A Airdrop with a total reward of 45,000,000 HEX, equivalent to 22,500 USDT.
5. Completed FOIN Trading Competition and Airdrop with a total reward of 20,000 FOIN, equivalent to 20,000 USDT.
6. Completed JUS Net-buying Competition with a total reward of 10,000 USDT and 300,000 JUS, equivalent to 20,000 USDT.
7. Launched LBK Member Mechanism with trading fee free, exclusive airdrop prize pool and 2 more privileges.
8. From March 30,2020 to April 12,2020, the income of total transaction fee is 206,241.947 USDT. The community node released 2 times, at a release rate of 20%.
From March 30 to April 5 2020, the total community nodes is 27 and the transaction fees of the nodes is 102,456.762 USDT. Weekly total amount of node release is 1,413,196.717 LBK and the release price of LBK is 0.0145 USDT/LBK which is equivalent to 20,491.352 USDT.
From April 6 to April 12, the total community nodes is 27 and the transaction fees of the nodes is 103,785.185 USDT. Weekly total amount of node release is 1,451,541.049 LBK and the release price of LBK is 0.0143 USDT/LBK which is equivalent to 20,757.037 USDT.
From April 1 to April 15, user’s weekly lockup release is 28,052,857.69 LBK. The price of LBK during the release is 0.0140 USDT/LBK, which is equivalent to 392,740 USDT.
Note: The transaction fees of the node are released week by week.
Marketing Activities
1. Launched the 21st phase (03.30-04.05) and the 22nd phase（04.06-04.12）of LBK “You Propose, We’ll Change” activity. A total of 4 users’ feedback have been received and will be solved within this month. During the half month report announcement, LBank is collecting the users’ feedback for the 23rd phase.
2. Completed 2 AMA with Justalk CEO Johnny and project leader of BBC respectively with a total reward of 2000 BBC equivalent to 1400 USDT.
LBK Quotation Summary
Since the LBK project opened quotation at 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 0.0122 USDT and 0.0153 USDT. From August 13, 2019 to April 1, 2020, total volume is around 18,744,000,000 LBK. From April 2 to April 16, total volume is around 1,917,684,000 LBK.
In terms of 4 Hour K Line, the price of LBK was relatively stable and trading volume fell slightly in the last two weeks; in this period, the highest price reached 0.0153 USDT at 20:00 on April 14 and the lowest price reached 0.0122 USDT at 12:00 on April 10.
From 18:00 on April 2, LBK price formed a rising channel and showed an stable upward trend. The price increased from 0.0137 USDT to 0.0152 USDT at 20:00 on April 6. And then the hourly trading volume hit the highest at 1:00 on April 3 and at 4:00 on April 8 which is 15,689,000 LBK and 17,982,000LBK respectively.
The price of LBK on the night of April 9 ended the volatile market and began a small decline phase. At 14:00 on April 10, it declined to the lowest price of 0.0122 USDT in the half-month. At 21:00 on April 14, the price reached 0.0153 USDT, an hourly increase by 8.7%. It then declined slightly to 0.0133USDT on April 16.
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