LBK (LBank) Bi-Weekly Operation Report (06.16/2021-06.30/2021)

*LBK*

 

LBank overall profit from June 16 to June 30: 269,148.63 USDT

 

Including:          

 

Commission on Spot Trading: 221,514.23 USDT

 

Commission on Futures: 23,626.41 USDT

 

Financing Service: 24,007.99 USDT

 

Repurchase Amount: 215,318.904 USDT=269,148.63 *0.8

 

Quantity Released: 376,837.782 LBK

 

*The 45th repurchase will be completed during July 5th - July 15th, after which the specific data of repurchase and burning will be announced on the 46th Bi-weekly Report.

 

Bulletin of the 44th Repurchase

 

Repurchase Time: June 21 to June 30

 

Average Repurchase Price: 0.01186 USDT/LBK

 

Repurchase Amount: 213,744.336 USDT

 

Burning Quantity: 18,022,288.0269 LBK

 

*Note: The on-chain data will be updated by July 7

 

*Operation*

 

1、Completed "DOT 20% Off Sale", with a total orders of 2,791,003 USDT, and actual turnover of 50,000 USDT.

 

2、Completed "SHIB 20% Off Sale", with a total orders of 344,453 USDT, and actual turnover of 50,000 USDT.

 

3、Completed "EFI Special Sale", with a total orders of 266,666.6 USDT.

 

4、Launched 「Celebrate the listing of ELONGATE, and Share 7,500 BUSD」activity.

 

5、Launched XIASI Time-Limited Q&A Airdrop with 2,681,731,657,142 XIASI Giveaway.

 

6、Launched DBNK Staking with an Annualized Yield of 66.6%.

 

7、Launched Tacocat(TCT) Staking with an Annualized Yield of 25%.

 

8、Launched Hold PORNROCKET to Airdrop 17,100,000,000 PORNROCKET.

 

9、Launched GRAMS Buy-Back.

 

10、Launched PLUG Staking with an Annualized Yield of 50%.

 

11、Launched The First LBank Arena Of Valor Competition.

 

12、Launched LBank Jackpot: Predict Top Gainer to Share 6,000 USDT.

 

13、Launched Hold HOKK to Airdrop 10,253,831,641,126 HOKK.

 

The 94th (June 14 - June 20) with a community node count of 27 and a total of 28,850 LBKs released in a single week, at a LBK price of 0.014000 USDT/LBK at the time of release, equivalent to 403.900 USDT.

 

The 95th (June 21 - June 27) community node count was 27, with a total of 26,443 LBKs released in a single week, at a LBK price of 0.011000 USDT/LBK, equivalent to 290.873 USDT at the time of release.

 

From June 16 to June 30, a total of 321,544.782 LBK released in a single week at a price of 0.0126 USDT/LBK, equivalent to 4,051.4643 USDT.

  

* Marketing*

 

8 AMAs: Invited ELONGATE, SMC, SSN, Xiasi, GDT project owners with an award of 8,000 USDT equivalent tokens in total.

 

New media sweepstakes with ELONGATE, SMC, SSN, Xiasi, STA and WZC, awarding a total of 23,000 USDT equivalent token prizes.

 

*Products*

 

6.16-6.30

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 with various languages

5、Add chat room in LBank app, and adjust TF download channel in iOS

6、The coin wallet newly supported 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 0.015300 USDT, and the lowest was 0.010279 USDT, Opened at 0.014755 USDT and closed at 0.011416 USDT, down 22.6%, weaker than the broader market performance over the same period.

 

Fundamentally, the continued innovative pattern of LBank is allowing users to enjoy using experience while gaining diverse benefits in the crypto market. Based on the general age distribution of users participating in the crypto market, LBank will host the first Arena of Valor competetion in early July, where players can sign up as a team to participate, regardless of whether they know about the crypto market or not. This year's tournament will be exclusively sponsored by HOKK Finance, with stratigic sponsorship of Defi STOA, Gorilla Diamond, and co-sponsored by Kaka NFT World, DGF, CDI, Basics Capital, and LBank Cloud Storage, etc. The tournament will run from July 7 to July 31, with three rounds of qualifiers, the Top 16, the Top 8 and the Championship. The champion team will receive 5 ETH as rewards, the runner-up will receive 3 ETH and the third place will receive 2 ETH, and the MVP will receive 0.5 ETH. With the strong support from both crypto market and gaming lovers, the first tournament was hailed by all members. In addition, LBank also held the 'LBank Jackpot' competition, where community users participated in an overseas Telegram poll to guess which token would rise the most in the next five days. There are five prize tiers and the first 300 participants will receive 10 USDT each.

 

In addition, LBank continues to launch Thursday Go 20% discount subscription sales - DOT and SHIB, which are directly accessible to KYC users holding no less than 50,000 LBK. The Exchange continues to track popular Coinlist projects and is simultaneously launching a special Efinity sale to increase participation opportunities for users on the same subscription terms. In addition, due to force majeure, the issuer of the Grams project, which had been live for one year, decided to terminate the project, and LBank was able to secure a 110% buy-back opportunity for users lasting for one year after an active negotiation with the project owner, saving them from force-majeure losses. Other activities that benifit our users are still on the way.

 

In the market, the recently continued bumping performance of the entire crypto market has brought investors even more uncertainty about their incestment decisions. The volume gradually locked up during the trend, and the market is expected to continue to maintain a longer-term oscillation.