1. Adjusted some functions of the perpetual contract according to user habits, including transfer accuracy, one-button closing, quick prompt, etc.;
2. Increased the interface of getting deposit address and deposit record in API;
3. Supported search trading pairs across trading zones on PC;
4. Optimized the response speed of man-machine verification on APP;
5. Launched VET3S, VET3L, DOGE3L, DOGE3S in ETF zone;
6. Listed BAL, SNX, REN,DGB and BTCV.
1. Completed 「LBK Thursday GO」2nd-BTC 20% off Special Sale with Compound Interest with a total amount of 38,161.529 USDT, of which 11,448.46 USDT is used to repurchase and burn LBK, 26,713.07 USDT is used to repurchase LBK-L and burn LBK in the LBK locking address.
· Repurchased and burned 2,289,691.74LBK at the price of 0.005 USDT/LBK.
· Burning Txn:
· Repurchased 5,565,222.98 LBK-L at the price of 0.0048 USDT/LBK-L and burned 5,565,222.98 LBK in the LBK locking address.
· Burning Txn:
2. Completed 「LBK Thursday GO」3rd-BTC 20% off Special Sale with a total amount of 7,032,247.648 LBK, equivalent to 5 BTC.
· Repurchased and burned 7,032,247.65LBK.
· Burning Txn:
· A total of 9,321,939.39LBK was burned, equivalent to 57,157.835 USDT.
· A total of 5,565,222.98LBK in LBK locking address was burned, equivalent to 26,713.07USDT.
* Click "LBK Burning Address" to view the LBK burning history.
3. Completed 2 cycles of BTC mining rewards settlement of LBK Cloud-Hashrate from June 29 to July 12, with a total mining rewards of 0.5712896 BTC.
4. Completed “ABTC Time-Limited Q&A” event with a total reward of 26,000 ABTC equivalent to 13,000 USDT.
5. Completed “ABTC Trading Contest” event with a total reward of 72,000 ABTC equivalent to 36,000 USDT.
6. Completed Laoganma Deposit event with a total reward of 1000 USDT.
7. Launched 10000 USDT ETF Ring Competition with a total of 10000+ USDT.
8. Launched Filecoin Carnivals including Filecoin Discount Carnival, Filecoin Computing Power Carnival and Filecoin Community Carnival.
9. Launched BTCV Trading Contest with a total reward of 54 TCV equivalent to 15,390 USDT.
10. Launched ETH, DOGE and DGB Demand Deposit with an annualized yield of 10%; Launched BHD, SNX, REN, BAL and BTCV Demand Deposit with an annualized yield of 30%. As of now, LBank Demand Deposit is supporting 13 products including BTC, USDT, ETH and so on.
11. There is a total of 11 quantitative products during the period from July 1 to July 17. BQUANT Product is the fastest growing product in net worth, and the net worth increased by 2% in half a month. BTC Fixed Annual Yield product is launching with a fixed annualized yield of 12% and the net worth increased by 0.5% in the half month.
12. From June 29 to July 12, 2020, the income of total transaction fee is 198,416.769USDT. The community node released 2 times, at a release rate of 20%.
From June 29 to July 5, 2020, the total community nodes is 27 and the transaction fees of the nodes is 98,769.73 USDT. Weekly total amount of node release is 3,727,159.623 LBK and the release price of LBK is 0.0053 USDT/LBK which is equivalent to 19,753.946 USDT.
From July 6 to July 12 the total community nodes is 27 and the transaction fees of the nodes is 99,647.039 USDT. Weekly total amount of node release is 3,907,727.02 LBK and the release price of LBK is 0.0051 USDT/LBK which is equivalent to 19,929.408 USDT.
From July 1 to July 15, user’s weekly lockup release is 30,066,750.60 LBK. The price of LBK during the release is 0.005 USDT/LBK, which is equivalent to 150,333.75 USDT.
Note: The transaction fees of the node are released week by week.
The LBK lock quantity in this half month is 246,308,387.50 LBK. Click "LBK lock address" to see the LBK lock quantity details.
1. Launched the 34th phase (06.29-07.05) and the 35th phase (07.06-07.12) phase (06.22-06.28) of LBK “You Propose, We’ll Change” activity. A total of 7 users’ feedback have been announced and will be solved within this month. During the half month report announcement, LBank is collecting the users’ feedback for the 36th phase.
2. Completed "LBank & His Friends - Jinan Station" successfully. Hosted by LBank and co-organized by Golden Finance, a number of organizations including GST, HEX, Yao Pool, BHD, GRS, GLEEC, and Conflux community were invited to participate in this event with nearly 100 communities participating.
3. Completed 3 AMA. Invited project leader of BHD to complete 1 AMA with a total reward of BHD token equivalent to 1000 USDT. Invited project leader of DGB to complete 1 AMA with a total reward of DGB token equivalent to 1000 USDT. Invited project leader of BTCV to complete 1 AMA with a total reward of 6 BTCV equivalent to 2700 USDT.
4. Completed 1 AMA of Filecoin Carnival theme.
LBK Quotation Summary
From July 1 to July 15, LBK still maintained the shock state, the highest point was 0.0055 USDT, the lowest point was 0.0045 USDT. The amplitude was again contracted, and the shock pattern still did not form an effective breakthrough. A sharp fall followed by a sharp rise in prices; After a sharp fall, prices fluctuated.
In terms of trading volume, the trading volume of this period is as high as 268M, increasing by about 7.4% compared with the previous period. The narrow range shock seems to attract arbitrage strategies to enter actively.
In the terms of the news, LBank recently launched a number of high-quality projects, and opened discount sales activities for many times, which catalyzed the increase and burning of LBK, both showing a positive trend.
The constant positive news also provides effective support for the technical aspect of LBK. In this period, LBK once broke through the previous low of 0.0047 USDT, but the market and trading did not appear large change, then the price retreated, formed a narrow range of shock pattern again. We can still pay close attention to 0.0045 USDT-0.0055 USDT, looking for breakthroughs in the established pattern of "A sharp fall followed by a sharp rise in prices; After a sharp fall, prices fluctuated".
From the point of view of the relationship between futures and spot, the price of LBK and LBK-L in the current period fluctuates, and the price difference between them once reached zero. The interrelated price reflects the most real demand of the market.