Announcement about LBank’s Launch「Demand Deposit」Product

Dear LBank users:

In order to expand the LBK product ecology and provide users with idle digital asset value-added services. From 2:00 pm (UTC+8) on June 8th, LBank launch the “Demand Deposit “product. Details as following:

Support assets: BTC, USDT (to be added)

Capacity: equivalent to 10,000,000 USDT

Minimum interest-bearing amount: account assets are not less than 100USDT or 0.01BTC

Annualized return: 10%(Floating adjustment)

Participation method: users need to register the assets in the “Demand Deposit “ page.

🚩 Assets registered in “Demand Deposit” do not affect trading or withdrawal. After registration, the assets has been trading or withdrawn will not enter interest calculation of the day .For the amount gap will be released at 2:00 pm in the next day.

Revenue settlement: T+1 calculates interest, T+2 pays interest.

Amount update: The amount of gap from the previous trading or withdrawal will be released at 2:00 pm every day.

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