Dear LBank Users:
To celebrate LBank's listing of the DOT/USDT trading pair and to reward the community users, LBK will launch the "LBK 50% off" Polkadot Special with a total supply of 11,111 DOT, equivalent to the total value of 1 million USDT. The participation rules are as follows:
Subscription Time: August 27, 2019 16:30-20:30 (UTC+8)
Project Name: Polkadot (DOT)
Token Name: DOT
Supply: 11,111 DOT
Subscription Token: LBK
Subscription Mode: Weighted Average Allocation
Participation Condition: need to pass the real name KYC
Subscription Price: 978 LBK/DOT (DOT executive price is calculated based on the average price of DOT/USDT in the recent 24 hours in MXC exchange, which is 180 USDT. The 50%-off DOT executive price is 180 * 0.5 = 90 USDT. Assuming the LBK price is 0.092USDT, then the exchange ratio of DOT/LBK is: 1 DOT=978 LBK)
Trading Starts By: August 27, 2019, 21:30 (UTC+8)
Purchase Price Algorithm:
Since the price of LBK is not stable, the price of LBK will be calculated according to the trading price of LBK/USDT trading pair within 4 hours before the subscription. The calculation rule will be: We will backdate 3 hours from the first half hour of the time while the subscription is accepted, and set the executive price with the average price the 3 hours. Assuming the LBK price is 0.092 USDT, the calculation result is: 978 LBK=1 DOT
Purchase Limit: this event will not set position conditions. The user directly orders through the LBK spot. A single account is limited to purchase 100 DOT maximum.
Subscription Results Announcement:
LBank will announce the subscription result within one hour after the end of the subscription. The LBK for subscription will be deducted. The actual subscription amount will be calculated within 1 hour and the following processing will be completed:
1 Deduct the LBK from the actual successful subscription;
2 Return LBK other than the subscription cost;
3 Complete the distribution of the subscripted token.
- All LBKs used to pay for this discount sale will be destroyed.
Actual purchase amount of the account = (valid subscription amount of the account)/(total subscription amount of the whole station on the period) * (total quota of Token sales on the period)
Bob participated in this round of discount sales, and subscribed for 50 DOT token amount. The total order for the whole platform is 10000 DOT, and the total limit for DOT for sale is 5000 DOT. Assuming that the LBK price at the beginning of the subscription is 0.092USDT, the LBK amount that Bob actually subscribes to pay is: (50/10000DOT*5000)*90/0.092=24456.52 LBK
The following countries®ions are not supported
Afghanistan, Albania, belarus, bosnia and herzegovina, Burundi, Burma, Canada, the democratic republic of Congo (gold), Cuba, Ethiopia, guinea Bissau, guinea, Iran, Iraq, Japan, Korea, Liberia, Lebanon, Libya, Macedonia, Malaysia, New Zealand, Serbia, Sri Lanka, Sudan, somalia, Syria, Thailand, Trinidad and Tobago, Tunisia, and Uganda, Ukraine, the United States, venezuela, yemen, Zimbabwe.
Users in other countries should participate in accordance with their own nation laws.
Get in「LBK 50%off with DOT(Polkadot)」
If you have problems, please contact LBank official email: email@example.com, and we will provide sincere, friendly and immediate service for you. We also welcome you to join Lbank.info official English community to discuss the latest issu, (Telegram): https://t.me/LBankinfo.