The 23rd Phase of LBK Bi-Weekly Operation Report (2020.07.16-2020.07.31)

Product Updates

 

1. Supported to display the current entrustment and position label on the K line of contract trading, and users can withdraw the order quickly;

2. Supported black and white skin switch of contract transaction;

3. Adjusted face verification algorithm to improve user experience;

4. Added preference setting for order confirmation for currency transactions;

5. Optimized the style of financial records, and deposit and withdrawal records, and users can quickly check the transaction notes and details;

6. Optimized the risk warning of trading order;

7. Listed BCH3L, BCH3S, EOS3L, EOS3S, LTC3L, LTC3S in ETF zone;

8. Listed SHR, AVAX, CCXX, UCA, YFI, YFII, BASID, ANT, BUIDL, LEND, PLU, and supported Defi assets for liquidity mining;

 

Operational Updates

 

1. Completed 「LBK Thursday GO」4th-ETH 20% off Special Sale with a total amount of 38,782.02 USDT, of which 11,634.61 USDT is used to repurchase and burn LBK, 27,147.41 USDT is used to repurchase LBK-L and burn LBK in the LBK locking address.

• Repurchased and burned 2,293,450.58 LBK at the price of 0.00507297 USDT/LBK.
• Burning Txn: 0x96a7c530e143dea61c0eaabc35da74755de1a191f9e1464b5e70fcb950e07e5b

 

• Repurchased 5,433,818.99 LBK-L at the price of 0.00499601 USDT/LBK-L and burned 5,433,818.99 LBK in the LBK locking address.
• Burning Txn: 0x9d7e614cdf8983f2bbeb6b1f69eb7a278863558aeffbe26157a9478862f99d3c

 

2. Completed 「LBK Thursday GO」5th-ETH 20% off Special Sale with a total amount of 7,691,752.64 LBK, equivalent to 38,458.76 USDT.

• Repurchased and burned 7,691,752.64 LBK.
• Burning Txn: 0x9f7aac091bfdf56659b6b95906a1d5d31c97fa66a30a7118893c55604f619d1a

 

3. Completed 「Filecoin Discount Carnival 」-the first sale of the first round- FIL6 10% off Special Sale with a total amount of 6,854.2 USDT, of which 2,056.26 USDT is used to repurchase and burn LBK, 4,797.94 USDT is used to repurchase LBK-L and burn LBK in the LBK locking address.

• Repurchased and burned 408,802.46 LBK at the price of 0.00502996 USDT/LBK.
• Burning Txn: 0x6abef72977c37fe0d06cc5701e7a3d3629f2dfd0f37486988458c59ffd7593fb

 

• Repurchased 965,838.91 LBK-L at the price of 0.00496764 USDT/LBK-L and burned 965,838.91 LBK in the LBK locking address.
• Burning Txn: 0x13b66b07be6731de31daebf8c44d42edb9c1708c3e9257fcb7782e2a1560f300

 

4. Completed 「Filecoin Discount Carnival 」-the second sale of the first round- FIL6 20% off Special Sale with a total amount of 6,610.25 USDT, of which 1,983.08 USDT is used to repurchase and burn LBK, 4,627.18 USDT is used to repurchase LBK-L and burn LBK in the LBK locking address.

• Repurchased and burned 395,095.46 LBK at the price of 0.00501923 USDT/LBK.
• Burning Txn: 0x6f9361356a17b75134fed777c26dd668a23e1714bcd1fd344ab7dfc8da45377d

 

• Repurchased 934,218.52 LBK-L at the price of 0.00495299 USDT/LBK-L and burned 934,218.52 LBK in the LBK locking address.
• Burning Txn: 0x09c4f8ae07a0c5fc694d269e635137ded9d0d765768e2d25e5604f8a80d43a58

 

5. Completed 「Filecoin Discount Carnival 」-the third sale of the first round- FIL6 30% off Special Sale with a total amount of 24,770.12 USDT, of which 7,431.03 USDT is used to repurchase and burn LBK, 17,339.08 USDT is used to repurchase LBK-L and burn LBK in the LBK locking address.

• Repurchased and burned 1,484,081.75 LBK at the price of 0.00500716 USDT/LBK.
• Burning Txn: 0x2bee165f3891c323222cecdc3ea42c6ea1e0fe17b1241cc064cd46489fe02bbb

 

• Repurchased 3,514,153.87 LBK-L at the price of 0.00493407 USDT/LBK-L and burned 3,514,153.87 LBK in the LBK locking address.
• Burning Txn: 0xbb1eacc99d0c9559c683e0404bb73280668cf808dc7081e8a5c11234b380d1ca

 

 

• A total of 12,273,182.89 LBK was burned, equivalent to 61,563.74 USDT.
• A total of 10,848,030.29 LBK in LBK locking address was burned, equivalent to 53,911.61 USDT. 

 

* Click "LBK Burning Address" to view the LBK burning history.

 

6. Completed 3 cycles of BTC mining rewards settlement of LBK Cloud-Hashrate from July 13 to August 2, with a total mining rewards of 0.7870464 BTC.

 

7. Completed 10000 USDT ETF Ring Competition with a total of 10000+ USDT.

 

8. Completed Filecoin Computing Power Carnival; Completed Filecoin Community Carnival, Xinghai Community is the highest scoring community, and will enjoy 50% of all LBank's transaction fee income related to Filecoin in August (including but not limited to: Filecoin spot, FIL6, FIL12, FIL36, etc.);

 

9. Completed BTCV Trading Contest with a total reward of 54 TCV equivalent to 15,390 USDT.

 

10. There is a total of 7 quantitative products during the period from July 18 to August 1. The half-month earnings growth of "BV Quant Multi-Strategies 1" was as high as 6.58%, and the half-month earnings growth of "Origin One" was as high as 5.88%.

 

11. Launched Internal Liquidity Mining Event for YFI and YFII. The daily mining reward for each trading pair is 1 YFII and the total reward is 14 YFII.

 

12. Launched Internal Liquidity Mining Event for ANT and BUIDL. The daily mining reward for each trading pair is 200 ANT and the total reward is 2,800 ANT.

 

13. From July 13 to July 26, 2020, the income of total transaction fee is 193,971.07USDT. The community node released 2times, at a release rate of 20%.

 

From July 13 to July 19, 2020, the total community nodes is 27 and the transaction fees of the nodes is 98,497.18 USDT. Weekly total amount of node release is 3,716,874.717 LBK and the release price of LBK is 0.0053 USDT/LBK which is equivalent to 19,699.436 USDT.

 

From July 20 to July 26 the total community nodes is 27 and the transaction fees of the nodes is 95,473.89 USDT. Weekly total amount of node release is 3,672,072.692 LBK and the release price of LBK is 0.0052 USDT/LBK which is equivalent to 19,094.778 USDT.

 

From July 16 to July 31, user’s weekly lockup release is 17,334,289.74 LBK. The price of LBK during the release is 0.005 USDT/LBK, which is equivalent to 86,671.4487 USDT.

 

Note: The transaction fees of the node are released week by week.

 

The LBK lock quantity in this half month is 210,737,120.06 LBK. Click "LBK lock address" to see the LBK lock quantity details.

 

 

Marketing Activities

 

1. Launched the 36th phase (07.13-07.19) and the 37th phase (07.20-07.26) of LBK “You Propose, We’ll Change” activity. A total of 6 users’ feedback have been announced and will be solved within this month. During the half month report announcement, LBank is collecting the users’ feedback for the 38th phase.

2. Complete 9 AMA. Among them, 5 Filecoin Carnival AMA were completed, and invite SHR, CCXX, UCA and TTT project leaders respectively to complete 4 AMA, and token rewards equivalent 4000 USDT were distributed.

3.Completed a lucky draw event with BTCV, and reward a total of 6 BTCV on Weibo and Twitter, equivalent to 2700 USDT.

4. Launched a lucky draw event with UCA, and a total reward of 710,000 UCA tokens equivalent to 1,000 USDT was distributed on Weibo and Twitter.

 

LBK Quotation Summary

 

From July 16 to July 31, the highest price of LBK was 0.0053 USDT, and the lowest price was 0.0047 USDT. Although the maximum amplitude was reached on the 24th and 29th, the overall amplitude continued to narrow compared with the previous period.

 

In the terms of trading volume, the volume of this period continued to enlarge to 285M, up 6.3% compared with the previous period.

 

In the terms of the news, LBank continues to launch high-quality currency, and the innovative incentive mechanism of YFI, ANT, etc. provides more interest for the trading strategy, and the market activity has increased significantly.

 

On the issue of LBK and LBK-L, after a number of periods of silence, LBK-L showed a strong performance again in this period, and even exceeded the spot price for a time.

 

The triangular shape with progressively reduced amplitude, the increasing volume, the innovative operation of the listing currency, and the abnormal reversal of difference in price between the spot and futures. Ultimately, it is the value itself that determines where prices will go.