LBK (LBank) Bi-Weekly Operation Report (03.01/2021-03.15/2021)

*LBK*

LBank overall profit from March 1 to March 15: 216,327.12 USDT, Including:          

Commission on Spot Trading: 178,551.21 USDT

Commission on Futures: 16,564.72 USDT

Financing Service: 21,211.19 USDT

Repurchase Amount: 173,061.69 USDT=216,327.12*0.8

Quantity Released: 945,816.0522 LBK

*The 38th repurchase will be completed during March 17th - March 31st, after which the specific data of  repurchase and burning will be announced on the 39th Bi-weekly Report.

Bulletin of the 37th Repurchase

Repurchase Time: March 3 to March 15

Average Repurchase Price: 0.01403 USDT/LBK

Repurchase Amount: 164,504.264 USDT

Burning Quantity: 16,100,757.348 LBK

*Note: The on-chain data will be updated by March 18 (the sale data of A5T-LBK has been updated)

*Added: A total amount of 1,944,444.393 LBK was sold in the 36th "FCL- LBK Special Sale", with 14,744,581.91 LBK burnt, the corresponding on-chain data has been updated.

*Operation*

1、Completed the "A5T-LBK Lottery Sale" with a total amount of 135,135 A5T, equivalent to 100,000 USDT.

2、Completed "WOO 20% Off Sale", with a total orders of 2,286,976 USDT, and actual turnover of 50,000 USDT.

3、Completed the "Filecoin Standard Full Hashrate Token Sale" with a total subscription amount of 333 T, equivalent to 300,000 USDT.

4、Completed "AXS 20% Off Sale", with the total order amount being 2,221,810 USDT and the actual turnover being  50,000 USDT.

5、Opened the deposit of B20 and AXS to share 5,000 USDT.

6、Launched the activity of "Celebrate the listing of ELCASH and share 1,000 ELCASH".

7、Opened the ALCX liquidity mining with a total reward of 10,500 USDT.

8、Opened the deposit of RLY, SAND and CHZ to share 10,000 USDT.

9、Launched “DFT Summit” activity" with a total reward of 2,000 DFT.

10、Opened the DFT liquidity mining with the total reward of 999DFT.

11、Opened the deposit of KINE to share 5,000 USDT.

12、Launched the activity of holding SFIL to distribute mining revenue.

From March 1 to March 7, the total number of community nodes was 27, with a total of 30,780,000 LBKs released in a single week at a price of 0.014280 USDT/LBK, equivalent to 439.538 USDT.

From March 8 to March 14, the total number of community nodes was 27, and the total number of LBK released in a single week was 28,960.000, at the price of 0.012900 USDT/LBK, equivalent to 373.584 USDT.

From March 1 to March 15, a total amount of 886,076.0522 LBK were released from the users' weekly lockup, with an average LBK price of 0.014 USDT/LBK, equivalent to about 12,405.0647 USDT.

* Marketing*

1 Launched giveaway activities with ELCASH on social media like Weibo and Twitter with a total reward equivelent to 3,000 USDT.

2 Held successfully three rounds of AMAs with SFIL, dFuture and Elcash respectively, in which Elcash gave away the token reward equivelent to 1,000 USDT.

*Products*

3.1-3.15

1、Revamped the futures trading section of APP.

2、Added secondary labels to the marketing module.

3、Optimized Human Verification and transaction router to improve access efficiency.

4、Ajusted the frequency of API /V1 public interface.

5、Designed and developed grid trading products.

6、Listed A5T, B20, AXS, ALCX, ELCASH, RLY, CHZ, SAND, BDP, SFIL, DFT, SGB, KINE.

7、Listed SAND3L/3S, CHZ3L/3S, BAT3L/3S, HNT3L/3S.

8、Listed ALPHA, ICX, SAND, CHZ, AXS on futures.

*LBK Market*

From March 1 to March 15, the highest of LBK was 0.016544USDT/LBK and the lowest was 0.012000USDT/LBK, a drop of 27.47%. The price gradually stabilized.

Fundamentally, LBank launched a 20% off sale for WOO and AXS. KYC users holding at least 50,000LBK can participate in the 20% off sale for popular coins. On March 1, LBank launched a sale for A5T with 30% for USDT and 70% for LBK. On March 8,  LBank launched the SFIL sale with 66.67% for LBK. In addition, in order to reward users, LBK launched USDT airdrop activities for the deposit of popular coins like B20, AXS, RLY, SAND, CHZ, KINE, INSUR, etc. Such activities are expected to be launched continuously.

In the market, the trade volume of the current period is about 597M, a significant reduction compared to the previous period.

The market went down since Feb 26th, leading to a simultaneous decrease in changing hands and trading volume, while there was no significant selling pressure.  The price didn't suffer a plunge ,though slipped, as earlier investors didn't pull too much cash out of the falling market.