The 24th Phase of LBK Bi-Weekly Operation Report (2020.08.01-2020.08.15)

Product Updates

1. "My Message" function is reconstructed on the Web side to optimize the intra-station message notification;

2. Android APP launches contract products and supports USDT contracts with single and double positions;

3. Upgrade man-machine verification mode, and support custom drag diagram and Google verification;

4. The ETF zone listed BNB3L, BNB3S, HT3L, HT3S, OKB3L, OKB3S, LINK3L, LINK3S, ZEC3L, ZEC3S, LEND3L, LEND3S;

5. Listed TTT, TOMO, OSST, FOUR, LID, MW, online Defi Asset LINK, RPL, PNK, ANJ, CRV.

Operational Updates

1. Completed 「LBK Thursday GO」6th-TRX 20% off Special Sale with a total amount of 38,665.36 USDT:

• Repurchased and burned 1,348,791.558 LBK at the price of 0.0086 USDT/LBK.
• Burning Txn: 0x5ed924acd9890630bbcad67b09241069c4d579640a57d995e0ee3173ac3ab6dc
• Repurchased 3,147,180.302 LBK-L at the price of 0.0086 USDT/LBK-L and burned 3147180.302 LBK in the LBK locking address.
• Burning Txn:0xfca85ed5ec7c624e216f76eb3e3d0b93f74532e505b3b0b13903d1dda0a8f341

2. Completed 「LBK Thursday GO」7th-ETH 20% off Special Sale with a total amount of 10,240,671.45 LBK, equivalent to 38,458.76 USDT.

• Repurchased and burned 3,072,201.436 LBK at the price of 0.0086 USDT/LBK.
• Burning Txn: 0xa321d3c99fb3076ce795104c695ef2ee95b804b55ef8e3040dbaa950093ca6a1
• Repurchased 7,168,470.017 LBK-L at the price of 0.0086 USDT/LBK-L and burned 7,168,470.017 LBK in the LBK locking address.
• Burning Txn: 0x96edb84ceb6629c682a543c29141fa9324c1ee42447737bf045277df2adb83bf

3. Completed 「Avalanche Special Sale」 with a total amount of 20,000 USDT

• Repurchased and burned 697,674.4186 LBK at the price of 0.0086 USDT/LBK.
• Burning Txn: 0x60acf0f94776ee33e2f6e30ac6695de8e6ef367af3ba543984bc60235e98a81b
• Repurchased 1,627,906.977 LBK-L at the price of 0.0086 USDT/LBK-L and burned 1,627,906.977 LBK in the LBK locking address.
• Burning Txn: 0xbd7ce1c800377fb45a1e47a9be39ee1dcc52ed9b693dbc708cf639450ddfa90d

4. Completed 「TTT 101% Sale 」with a total amount of 300,000 USDT

• Repurchased and burned 10,465,116.28 LBK at the price of 0.0086 USDT/LBK.
• Burning Txn: 0x35756060e539e7f673c986b2e26e9efd7b30d4e78691cf271a7296347fd020ef
• Repurchased 24,418,604.65 LBK-L at the price of 0.0086 USDT/LBK-L and burned 24,418,604.65 LBK in the LBK locking address.
• Burning Txn: 0xcb9344f6b5c5bb09011b849f87d01194fdd9fc5d226cb339f3303cb367444240

5. Completed 「Filecoin Discount Carnival 」-the third sale of the first round- FIL6 10%-20% off Special Sale with a total amount of 35,772.57 USDT  

• A total of 15,583,783.69 LBK was burned, equivalent to 134,020.54 USDT.
• A total of 36,362,161 LBK in LBK locking address was burned, equivalent to 312,714.58 USDT. 

* Click "LBK Burning Address" to view the LBK burning history.

 6. Completed YFI、YFII、LEND、PLU 、ANT、BUIDL、RPL、PNK、ANJ「Order book liquidity Mining」, with a total mining rewards of 14YFII、14,000LEND、2,100ANT、7ETH.

7. Completed 「ETF Trading competition」 with total rewards of 15,000 USDT.

8. Completed 「LBK 1st Anniversary | Finding bugs in Contract Futures」.

9. From August 1 to August 15, 2020, the income of total transaction fee is 150,846 USDT. The community node released 3times, at a release rate of 20%.

From July 27 to August 09, the total community nodes is 27 and the transaction fees of the nodes is 83,671.91 USDT. Weekly total amount of node release is 2,789,063.667 LBK and the release price of LBK is 0.006 USDT/LBK which is equivalent to 16,734.382 USDT.

From August 3 to August 09 the total community nodes is 27 and the transaction fees of the nodes is 76,152.1 USDT. Weekly total amount of node release is 1,692,268.889 LBK and the release price of LBK is 0.009 USDT/LBK which is equivalent to 15,230.42 USDT.

From August 10 to August 16 the total community nodes is 27 and the transaction fees of the nodes is 74,694.29 USDT. Weekly total amount of node release is 1,572,511.368 LBK and the release price of LBK is 0.0095 USDT/LBK which is equivalent to 14,938.858 USDT.

From August 1 to August 16, user’s weekly lockup release is 8,783,710.693 LBK. The price of LBK during the release is 0.0086 USDT/LBK, which is equivalent to 109,113.2062 USDT. 

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

The LBK lock quantity in this half month is 159,537,404.44 LBK. Click "LBK lock address" to see the LBK lock quantity details. 

Marketing Activities

1. Launched the 38th phase (07.27-08.02) and the 39th phase (08.03-08.09) of LBK “You Propose, We’ll Change” activity. A total of 5 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 40th phase.

2. Held "LBK Anniversary Celebration" in Shanghai, launched "LBK Double Buyback Plan", "LBK101 Plan" and other important updates.

3. Complete two AMAs and invite TOMO and FOUR project leaders to complete two AMas respectively. We jointly launched the new media lottery with TOMO and FOUR, and awarded 1000FOUR on Weibo&Twitter.

LBK Quotation Summary

The semi-monthly report of this period is on August 1st solstice 15, the lowest point of LBK is 0.0050, and the highest point is 0.012. This period LBK break through the previous months of the shock pattern, unilateral rise to 140%.

News, this period of LBK officially launched one year anniversary, on the occasion of commemoration, LBANK is launched a double buyback plan, long backlog of low consolidation sentiment was effectively released, LBK price on August 12, the first anniversary of the day once reached the high of 0.012. In addition, multi-currency discount sales and the strong performance of the broader market also give the LBK a good reason to rise.

On the trading volume, the trading volume reached 390M in this period, up nearly 36.8% compared with the previous period. The market is active in trading. In the beginning of August, there was a strong buying signal, and the bullish sentiment was rising.

Futures, lBK-L price range of the current period 0.0049-0.0111, theoretical return reached 126.5%, slightly weaker than spot performance.

"The longer it lasts, the more it rises." After nearly three months of consolidation, the LBK is finally blossoming on its anniversary and ushered in the spring of digital currency. We look forward to a better performance from The LBK!