LBK (LBank) Bi-Weekly Operation Report (06.01/2021-06.15/2021)

*LBK*

 

LBank overall profit from June 1 to June 15: 267,180.42 USDT

 

Including:          

 

Commission on Spot Trading: 213,118.68 USDT

 

Commission on Futures: 22,533.34 USDT

 

Financing Service: 31,528.4 USDT

 

Repurchase Amount: 213,744.336 USDT=267,180.42*0.8

 

Quantity Released: 475,825.346 LBK

 

*The 44th repurchase will be completed during June 21st - June 30th, after which the specific data of repurchase and burning will be announced on the 45th Bi-weekly Report.

 

Bulletin of the 43rd Repurchase

 

Repurchase Time: June 1 to June 15

 

Average Repurchase Price: 0.01533 USDT/LBK

 

Repurchase Amount: 203,825.264 USDT

 

Burning Quantity: 13,295,842.40 LBK

 

Burning Data: 1,086,956.5217 LBK

 

*Note: The on-chain data will be updated by June 21

 

 *Operation*

 

1、Completed "MATIC 20% Off Sale", with a total orders of 2,574,499 USDT, and actual turnover of 50,000 USDT.

 

2、Completed "VEGA Special Sale", with total orders of 3,333.33 USDT.

 

3、Completed "YFI 20% Off Sale", with a total orders of 2,556,099 USDT.

 

4、Launched 「Celebrate the listing of PEG, and Share 1,416,666,666,666 PEG」activity.

 

5、Launched SYBC Time-Limited Q&A Airdrop with 459 SYBC Giveaway.

 

6、Launched PEG Staking with an Annualized Yield of 100%.

 

7、Launched BUGG airdrop, prize pool: 50,000,000,000,000 BUGG.

 

8、Launched BUGG Trading Competition & Trading Lottery, $8,000 BUGG in Prizes.

 

9、Launched MLTP airdrop, prize pool: $6,000 MLTP.

 

10、Launched NFT Time-Limited Q&A Airdrop with 4,000 USDT Giveaway.

 

The 92nd (May 31 - June 06) community node count was 27, with a total of 29,885 LBKs released in a single week, at a LBK price of 0.015000 USDT/LBK at the time of release, equivalent to 448.275 USDT.

 

The 93rd (June 7 - June 13) community node count was 27, with a total of 27,749 LBKs released in a single week, at a LBK price of 0.014000 USDT/LBK, equivalent to 388.486 USDT at the time of release.

 

From June 1 to June 15, a total of 418,191.346 LBKs released in a single week at a price of 0.0152  USDT/LBK, equivalent to 6,356.5085 USDT.

 

* Marketing*

 

8 AMAs: Invited ZOOT, NFT, ET, BANANA, LBC, PL^Gnet, HOKK project parties to award 10,000 USDT equivalent tokens.

 

New media sweepstakes with SMOON, ZOOT, NFT and ET, awarding a total of 12,000 USDT equivalent token prizes.

 

*Products*

 

5.16-5.31

1、Add MEME trading zone

2、Support the on-chain dividends of some assets, trading and withdrawing coin dividends

3、Optimize ws push data format, adjust price accuracy

4、Optimize human verification function, adapt to different regions voice

5、App add chat room function, iOS adjust TF download channel

6、The coin wallet newly supports 14 assets such as MDX-BSC, DUKE, ELONGATE, MLTP, GETH, BELT, FTS, etc.

 

*LBK Market*

 

From June 1 to June 15, the highest of LBK was 0.019000 USDT, and the lowest was 0.012570 USDT, influenced by the movement of BTC and ETH, LBK fell by only 0.57% in this period, with an oscillation of 43.3%, a significant narrowing from previous periods.

 

Fundamentally, this issue saw Matic and YFI participating in the Thursday Go 20% off sale. The Thursday Go 20% off sale is mainly promoting the board's well-performing projects with a position threshold of no less than 50,000 quantity, which has provided continued market demand under the ongoing implementation of the campaign. On the other hand, LBank has started to innovate in the way it gives users airdrops/dividends, with previous deposit and trading dividends being launched continuously, and existing question-answer airdrops similar to the SYBC project, BUGG, MLTP's social airdrops, and NFT's same series of position-holding airdrops, which have received positive feedback from the community. In addition, LBank will double the on-chain dividends for holders of deflationary tokens such as YooShi, AquaGoat and Kishu, as voted by the community members in this issue.

 

In the market, the volume of LBK reached 6.5 million in this period, although the oscillation range is gradually tightening with the main coin, but the transaction is still active, intraday stretching and retesting more aggressive, grid strategy participants are numerous. The price is still in the oscillation range, short-term difficult to break through, single-sided strategy should not participate frequently.