LBK (LBank) Bi-Weekly Operation Report ( 09.16/2021-09.30/2021)

*LBK*

LBank's overall profit from Sept 16 to Sept 30: 302,151.62 USDT

Including: 

Commissions on Spot Trading: 228,523.18 USDT

Commissions on Futures: 36,523.66 USDT

Finannce profit: 37,104.78 USDT

Repurchased Amount: 241,721.296 USDT=302,151.62*0.8

Quantity Released: 90,722.53LBK

*The 51th repurchase will be completed during Oct 4th - Oct 15th, after which the specific data of repurchase and burning will be announced on the 52th 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 50th Repurchase

Repurchase Time: Sept 17 to Sept 30

Average Repurchase Price: 0.010321 USDT/LBK

Repurchase Amount: 282,101.688  USDT

Burning Quantity: 13,666,393.17LBK

Quantity belonging to the team: 13,666,393.17LBK

*Note: The on-chain data will be updated by Oct 9.

*Operation*

1. Completed “CELR 20% Off Sale”, with a total order of 2,416,113 USDT, and an actual turnover of 50,000 USDT.

2. Completed “DYDX 20% Off Sale”, with a total order of 2,184,873USDT, and an actual turnover of 50,000 USDT.

3. Completed “SOL 20% Off Sale”, with a total order of 1,992,026USDT, and an actual turnover of 50,000 USDT.

4. Launched MBF Earning mining with 50% APY.

5. Launched SEED Earning mining with 50% APY.

6. Launched GEP Earning mining with 50% APY.

7. Launched SWEET(Honey Token) Earning mining with 50% APY.

8. Launched THN Earning mining with 50% APY.

9. Launched [Hold X(GIBX Swap) to get NFT Mystery Boxes].

10. Launched HIKO Earning mining with 50% APY.

11. Launched [HIKO Holding Competition: Get a Share of a 20,000,000 HIKO Prize Pool].

12. Launched [Deposit THN to win 4,083 THN].

13. Launched MEDA Earning mining with 50% APY.

*Marketing*

Hosted 7 AMA with SWEET, NBL, THN, BLADE, MEDA, GEP, and GIBX project teams and awarded 1,4000 USDT equivalent tokens.

Teamed with THN, SWEET, and MEDA to launch media sweepstakes, awarding a total of 12,000 USDT equivalent token rewards.

The 107th (September 14 - September 19) community nodes were 27, with a total of 28,790 LBKs released in a single week at the price of 0.012 USDT/LBK, equivalent to 345.48 USDT.

The 108th (September 20 - September 26) community nodes were 27, with a total of 33,190 LBKs released in a single week, at the price of 0.0085 USDT, equivalent to 282.115 USDT.

The 109th (September 27 - October 3) community nodes were 27, with a total of 25,430 LBKs released in a single week, at the price of 0.010 USDT, equivalent to 254.3 USDT.

From September 16 to September 30, 3,312.53 LBKs were released from users' lock-up positions, with an average LBK price of 0.0108 USDT/LBK, equivalent to about 35.77 USDT.

*Products*

1. Restrict multiple services for users in China in line with the local policies.

2. Optimize face recognition, withdrawal limit verification, subscription release, etc.

3. Add security notifications on registration with different IPs and strategy changes, and varifies in-station messages.

4. Support another 5 languages including Spanish, Turkish, etc.

5. Reduce API redundancy, and improve the stability of Futures trading.

6. Support SUNNY, BLADE, TONE, ARV, ORCA, THG, RVST, GMT, FCH, MOVR, and other 29 crypto assets in the spot wallet.

7. GALA3L, GALA3S, IOTX3L, IOTX3S, DENT3L, DENT3S, RUNE3L, RUNE3S, ICX3L, ICX3S, SOL5L, SOL5S, SHIB5L, SHIB5S went live on ETF zone.

8. Add REN, MANA, ENJ, GALA to futures trading.