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LBank Launchpad Subscription Allocation Calculation and USDT Deduction Rules

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Dear LBank users,

 

In the new Launchpad subscription format, users can commit an amount of USDT towards a token sale, where their final allocation of the new token is determined by the ratio of their committed USDT against the total committed USDT by all participating users.
 
The initial rough calculation of each participant’s final token allocation is:
 
Individual committed USDT / Total committed USDT by all participants) * Total tokens to be sold on Launchpad.
 
For example, a total of 200,000,000 ABC tokens are being offered in a new Launchpad session. A user commits 5,000 USDT and 9 other users commit a total of 100,000 USDT during the subscription period.
 
This user would receive a ratio of 5,000 USDT / 105,000 USDT * 200,000,000 ABC = 9,523,809 ABC (4.76% of all tokens) offered in the first step of the calculation.
 
Calculation Step 1
User
Committed USDT
Committed Ratio
Initial ABC Token Allocation Calculation
User 1
50,000
47.62%
47,619,048
User 2
30,000
28.57%
28,571,429
User 3
7,000
6.67%
6,666,667
User 4
6,000
5.71%
5,714,286
User 5
5,000
4.76%
4,761,905
User 6
5,000
4.76%
4,761,905
User 7
1,400
1.33%
1,333,333
User 8
500
0.48%
476,190
User 9
90
0.09%
85,714
User 10
10
0.01%
9,524
Total
105,000 USDT
 
100,000,000 ABC
 
However, since there is a Hard Cap per user, users that hit the hard cap will have their allocation passed onto other participants that committed less USDT. We will use a hard cap of 20,000,000 ABC tokens for this example.
 
Calculation Step 2
User
Committed USDT
Committed Ratio
ABC Allocation After Hard Cap
User 1
50,000
47.62%
20,000,000
User 2
30,000
28.57%
20,000,000
User 3
7,000
6.67%
6,666,667
User 4
6,000
5.71%
5,714,286
User 5
5,000
4.76%
4,761,905
User 6
5,000
4.76%
4,761,905
User 7
1,400
1.33%
1,333,333
User 8
500
0.48%
476,190
User 9
90
0.09%
85,714
User 10
10
0.01%
9,524
Total
105,000 USDT
 
100,000,000 ABC
 
Since both User 1 and User 2 have reached the hard cap, their additional allocation of 36,190,476 ABC tokens will be distributed between the remaining users based on their commitment ratio.
 
Calculation Step 3
User
Committed USDT
Commitment Ratio
Final ABC Allocation
User 1
50,000
47.62%
20,000,000
User 2
30,000
28.57%
20,000,000
User 3
7,000
6.67%
16,800,000
User 4
6,000
5.71%
14,400,000
User 5
5,000
4.76%
12,000,000
User 6
5,000
4.76%
12,000,000
User 7
1,400
1.33%
3,360,000
User 8
500
0.48%
1,200,000
User 9
90
0.09%
216,000
User 10
10
0.01%
24,000
Total
105,000 USDT
 
100,000,000 ABC
 
Example: Taking User 3 as an instance (in comparison with Table 1 and Table 3), when there was no hard cap restriction in place, the token allocation for User 3 would have been 6,666,667 ABC. However, with the introduction of the hard cap restriction, User 3's allocable token amount has increased to 16,800,000 ABC.
 

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Risk Warning: Investing in digital assets is extremely risky. Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and LBank is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. This material shall not be construed as financial advice in any case. LBank reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reason without prior notice.

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