LBK (LBank) Bi-Weekly Operation Report (05.16/2021-05.31/2021)

*LBK*

 

LBank overall profit from May 16 to May 31: 254,781.58 USDT

 

Including:          

 

Commission on Spot Trading: 205,424.53 USDT

 

Commission on Futures: 20,018.63 USDT

 

Financing Service: 29,338.42 USDT

 

Repurchase Amount: 203,825.264 USDT=254,781.58*0.8

 

Quantity Released: 569067.76 LBK

 

*The 43rd repurchase will be completed during June 4th - June 15th, after which the specific data of repurchase and burning will be announced on the 44th Bi-weekly Report.

 

Bulletin of the 42nd Repurchase

 

Repurchase Time: May 18 to May 31

 

Average Repurchase Price: 0.01658 USDT/LBK

 

Repurchase Amount: 245,148.888 USDT

 

Burning Quantity: 14,785,819.54 LBK

 

Burning Data: None

 

*Note: The on-chain data will be updated by June 6

 

 

*Operation*

 

1、Completed "KSM 20% Off Sale", with a total orders of 2,663,073 USDT, and actual turnover of 50,000 USDT.

 

2、Completed "Chia Network Hashrate(1080-day product) Special Sale", with total orders of 312,842.88 USDT.

 

3、Completed "Chia Network Hashrate(360-day product) Special Sale", with total orders of 1,815,744 USDT.

 

4、Completed "AVAX 20% Off Sale", with a total orders of 1,867,516 USDT, and actual turnover of 50,000 USDT.

 

5、Launched 「Deposit&Trade YOOSHI To share 10,000 USDT」.

 

6、Launched 「Deposit SAFEMOON To share 5,000 USDT」.

 

7、Launched 「Deposit&Trade To share 340,588,235 SPN」.

 

8、Launched XVS Staking with an Annualized Yield of 150%.

 

9、Launched 「Deposit KISHU To share 5,000 USDT」and supports on-chain dividends sharing activity.

 

10、Launched 「Celebrate the listing of GNT, and Share $5,000 GNT」activity.

 

11、Launched 「SAND Trading Competition」with 7,452 SAND& 100 Limited Edition NFTs Giveaway.

 

12、Launched GNT Staking with an Annualized Yield of 65%.

 

13、Launched MDX Staking with an Annualized Yield of 220%.

 

14、Launched EXVA Staking with an Annualized Yield of 53%.

 

15、Launched opening contract bonus activity for the new users.

 

16、Launched EXVA Trading Contest to Share 10,000 EXVA.

 

17、Launched 「Deposit KLAY To share 5,000 USDT」.

 

 

 

The 90th (May 17 - May 23) community node count was 27, with a total of 28,473 LBKs released in a single week, at a LBK price of 0.012000 USDT/LBK at the time of release, equivalent to 341.676 USDT.

 

The 91st (May 24- May 30) community node count was 27, with a total of 26,449 LBKs released in a single week, at a LBK price of 0.014000 USDT/LBK, equivalent to 370.286 USDT at the time of release.

 

 

From May 16 to May 31, a total of 514145.76 LBKs released in a single week at a price of 0.0167  USDT/LBK, equivalent to 8586.2342 USDT.

 

  

* Marketing*

 

Hosted 8 AMAs: Invited GNT, HOKK, Conflux, EXVA, Carry Protocol, PEG, Plasm, BML to give out 4,000 USDT in prizes.

 

Joint SPN, GNT, EXVA to launch a new media raffle with a total of 8,000 USDT equivalent prizes on Weibo, Twitter, etc.

 

 

*Products*

 

5.16-5.31

1、Optimize grid trading, invite rebate, live search, and other functions

2、APP development chat room function, Android re-listed on Google Mall

3、WEB lists LBank mining, optimize access traffic

4、Adjustment of multi-region SMS template and sending channels

5、Optimize the push language of different regions

6、Coin wallet newly supports NAFT, SAFEMOON, XVS, KISHU, MATIC, KLAY, SLP, and other 28 assets

7、ETF trading zone lists BAKE3L, BAKE3S

8、New BAKE contract trading

 

 

*LBK Market*

 

From May 16 to May 31, the highest of LBK was 0.028535 USDT, and the lowest was 0.009060 USDT, opened at 0.028460 USDT and closed at 0.014840 USDT, down 47.86%, with an oversold performance relative to BTC and ETH.

 

Fundamentally, in this issue, LBank continues to actively launch deposit/trade share USDT activities, including YooShi, SafeMoon, SPN, KISHU, SAND, KLAY, and other newly launched projects, of which you only need to reach 1000 SAND transactions to participate in the NFTs lucky draw. In addition, this issue will automatically distribute on-chain dividends for users who hold positions in MEME series tokens after the system obtains their positions. Participating tokens include but are not limited to SanShu, YooShi, HOKK, COLLIE, HTMOON, PIG, AGUAGOAT, BAFE, KISHU INU, ZOOT, SafeMoon. SafeMoon. The Chia hashrate continues to be sold in this period and contains both 360 days and 1080 days. On the other hand, LBank mining (interest-bearing) segment continues to expand, with more tokens covered in this issue, such as MDX 220% return, GNT 65%, EXVA 53%, PEG 100%, which allows users to deposit and withdraw as they wish while receiving high returns. The pending orders do not affect the payout of returns. In this issue, LBank launched two Thursday Go 20% off sales: KSM and AVAX, both of which received active participation from users.

 

In the market, this period LBK has obvious oversold performance compared to the general market, the recent volatility of LBK has also significantly enlarged compared to previous periods, the price-performance before May 24 is obviously weaker than the general market, and after 24 out of a stronger rebound effect, the market speculative atmosphere aggravated, the direction is not clear, investors should be cautious about entering, do not chase the rise and kill the fall.