LBK (LBank) Bi-Weekly Operation Report ( 10.01/2021-10.15/2021)

*LBK*

LBank's overall profit from Oct 1 to Oct 15: 300,938.43 USDT

Including: 

Commissions on Spot Trading: 223,158.72 USDT

Commissions on Futures: 35,167.61 USDT

Finannce profit: 42,612.10 USDT

Repurchased Amount: 240,750.744 USDT=300,938.43 USDT*0.8

Quantity Released: 51,670 LBK

*The 52nd repurchase will be completed during Oct 18th - Oct 31th, after which the specific data of repurchase and burning will be announced on the 53rd 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 51th Repurchase

Repurchase Time: Oct 4 to Oct 15

Average Repurchase Price: 0.009638 USDT/LBK

Repurchase Amount: 241,721.296 USDT

Burning Quantity: 12,540,013.28LBK

Quantity belonging to the team: 12,540,013.28LBK

*Note: The on-chain data will be updated by Oct 19.

*Operation*

1. Completed “DOGE 20% Off Sale”, with a total order of 2,010,036 USDT, and an actual turnover of 50,000 USDT.

2. Completed “ATOM 20% Off Sale”, with a total order of 2,666,886 USDT, and an actual turnover of 50,000 USDT.

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

4. Participate in the Four $KALA Rewarding Activities to Win $20,000 Worth of $KALA!

5. Join LVI Trading Competition & Trading Lottery to Win 19,800 LVI & K-pop music IP!

6. Launch TONE(NFT TONE) Staking with an Annualized Yield of 66%

7. One Click to Win iPhone Big Prizes at LBank!

8. LUFFY Holding Competition: Get a Share of $8,000 LUFFY Prize Pool

9. Launch LUFFY(Luffy Inu) Staking with an Annualized Yield of 35%

*Marketing*

Hosted 4 AMAs with ZAK, BTAL, KALA, and KALATA project teams and awarded 6,000 USDT equivalent tokens.

Teamed with ZAK and CELT to launch media sweepstakes, awarding a total of 8,000 USDT equivalent token rewards.

The 110th (October 4 - October 10) community nodes were 27, with a total of 27,780 LBKs released in a single week at the price of 0.009 USDT/LBK, equivalent to 250.02 USDT.

The 111th (October 11 - October 17) community nodes were 27, with a total of 23,890 LBKs released in a single week, at the price of 0.0092 USDT/LBK, equivalent to 219.788 USDT.

From October 1 to October 15, 0 LBKs were released from users' lock-up positions.

*Products*

1. Adjust user security policies in some regions.

2. Optimize transaction module and KYC process.

3. Global P2P module enters internal testing.

4. Launched the global partner module.

5. Support DSG, ZAK, CELT, XWG, FTM, ZIQ, IOTX, HIGH, and other 22 crypto assets in the spot wallet.

6. BADGER3L, BADGER3S, SFP3L, SFP3S went live on ETF zone.

7. Add SFP to futures trading.