LBK
LBank's overall profit from Aug 16 to Aug 31: 336,521.83 USDT
Including:
Commissions on Spot Trading: 268,654.31 USDT
Commissions on Futures: 34,180.81 USDT
Finannce profit: 33,686.71 USDT
Repurchased Amount: 269,217.464 USDT=336,521.83*0.8
Quantity Released: 59,881.376LBK
*The 49th repurchase will be completed during Sept 4th - Sept 15th, after which the specific data of repurchase and burning will be announced on the 50th Bi-weekly Report. 50 percent of the repurchased LBK since then will be burned, and the other half will be held by the LBank team.
Bulletin of the 48th Repurchase
Repurchase Time: Aug 17 to Aug 31
Average Repurchase Price: 0.012851 USDT/LBK
Repurchase Amount: 258,732.264 USDT
Burning Quantity: 10,066,619.87LBK
Quantity belonging to the team: 10,066,619.87LBK
*Note: The on-chain data will be updated by Sept 5, and 400,000,000LBK promised to be burned on the second anniversary of LBK has been burned on the chain; the 382,310,373.2850786 LBKs voted to burned by the LBank community will be burned this month.
Operation
1. Completed “NAOS 20% Off Sale”, with a total order of 2,876,479 USDT, and an actual turnover of 50,000 USDT.
2. Completed “YGG 20% Off Sale”, with a total order of 252,288
USDT, and actual turnover of 50,000 USDT.
3. Launched SKT Earning mining with 50% APY.
4. Launched [Deposit TASTE To share 137,544,487,045 TASTE
] activity.
5. Launched TASTE Earning mining with 50% APY.
6. Launched [TASTE Trading Competition & Trading Lottery, 171,930,609,128 TASTE in Prizes].
7. Launched [HODL Trading Competition & Trading Lottery, 688,037,529,319 HODL in Prizes].
8. Launched GDR Earning mining with 50% APY.
9. Launched Order Book Mining for GDR
10. Launched NWC Grid Liquidity Mining
Marketing
Hosted 2 AMA with HODL and MNI project teams and awarded 4,000 USDT equivalent tokens.
Teamed with MICROSHIB, TASTE, ALIX, KDC, BIN, POSI, and GDR to launch media sweepstakes, awarding a total of 26,000 USDT equivalent token rewards.
The 103rd (August 16 - August 22) community nodes were 27, with a total of 28,790 LBKs released in a single week at the price of 0.0129 USDT/LBK, equivalent to 371.391 USDT.
The 104th (August 23 - August 29) community nodes were 27, with a total of 29,980 LBKs released in a single week, at the price of 0.0122 USDT, equivalent to 365.756 USDT.
From August 16 to August 31, 1,111.376 LBKs were released from users' lock-up positions, with an average LBK price of 0.0128 USDT/LBK, equivalent to about 14.22 USDT.
Products
1. Rolled out bonus center on Web and the Beginner's tasks.
2. Adjust the default hedge mode of the futures and optimize the futures history query.
3. Enhance security strategy, enhance the frequency of Google verification or KYC verification for weak security accounts.
4. Optimize the human verification service, third-party account login service, and message pushing service.
5. Strong reminder for asset recharge MEMO.
6. Support ZOE, AUTO, BIT, GALA, EGG, HODL, RARE, KDC, XEC, POSI, and other 29 crypto assets in the spot wallet.
7. GTC3L, GTC3S, STM3L, STM3S, C983L, C983S, MASK3L, MASK3S, SAND5L, SAND5S went live on ETF zone.
8. Add GTC, STMX, and MASK futures trading.
*LBK Market*
From August 16 to August 31, the price of LBK was generally stable with slight fluctuations. Opened and closed at 0.012781 USDT and 0.012485 respectively, LBK had the highest price of 0.016317 USDT and the lowest of
0.01144 USDT.
LBank launched the 62nd and 63rd LBK Thursday Go with 50,000 USDT equivalent of NAOS and YGG sold at a 20% discount. Users who hold at least 50,000 LBK and get KYC completed can take part in the sale. What's more, LBank also launched SKT, TASTE, and GDR staking with an APY as high as 50%. The minimum invested assets shall not be less than 10 SKT，100,000,000 TASTE，600,000,000 TREES. MWC and GDR grid mining also went live. In addition, TASTE and HODL trading competition and lottery rolled out with 171,930,609,128 TASTE and 688,037,529,319 HODL in the prize pool respectively. The 380 million LBK voted by the community in the previous period was confirmed to be destroyed this month.
LBK has a turnover of 2.9 million as of the date of this bi-weekly report, a slight drop in volume as community members were occupied with the vote. The price of LBK has strong support at 0.0082 USDT. In the broad market, NFT projects are gaining more attention with BTC and ETH keeping running up! Stay tuned!
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LBank community
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