Announcement of LBank launches [10000 USDT Ring Competition ]
Dear Users
In order to celebrate the new ETF token, LBank will launch the second ETF ring competition, the event includes 「ETF deposit rewards」, 「ETF trading rewards」 and 「ETF ring competition」, as follows:
「ETF Deposit Reward」
Total prize pool: 2000 USDT equivalent VET3L+VET3S
Activity time: 16:00 on July 10–16:00 on July 17（UTC+8）
Conditions of participation: KYC certification
Rule of activity:
During the event period, users with a net deposit USDT amount of more than 1000 USDT can share anVET3L+VET3S as equivalent of 2,000 USDT according to the proportion of net deposit .
※ Net deposit amount = deposit amount — capital withdrawal amount
「ETF Trading Award」
Total prize pool: 5000 USDT equivalent ETF token
Activity time:16:00 on July 10–16:00 on July 17（UTC+8）
Conditions of participation: KYC certification
Rule of activity:
During the event, if the total transaction volume in the ETF trading area is ≥1000USDT, and ETF tokens equivalent to 5000 USDT can be divided according to the total transaction volume, and reward tokens are subject to the ETF tokens that users trade the most (including all online traded ETF tokens)
「ETF Ring Competition」
Total prize pool: 3330 USDT — 4830 USDT
Event time: 16:00 on July 10–16:00 on July 17（UTC+8）
Daily ranking time: 18:00 of the previous day — 18:00 the present day
Participation conditions: advanced verification
Rule of activity:
1. Ranking according to the return rate of each round of ETF ring competition, as long as the newly listed ETF tokens are traded daily in the ETF trading area, the user who’s transaction volume is greater than or equal to 500 USDT and gain the highest return rate can become the winner. Each round of ETF ring competition will get a 666 USDT ring reward.
2. If you succeed in defending once, you will get an additional 100USDT, and you will double the bonus for consecutive success. (Example: Mr.L became the winner of the ring competition and kept wining for three day, on the first day he won 666 USDT; on the second day, it will be (666+100) USDT; on the third day, increase to (666+200) USDT)
※ ETF yield = (average selling price-average buying price) / average buying price
- If the user does not sell during this period, we will calculate the profit rate according to the price of the new listed tokens announced by LBank at 18:00 daily;=
- All newly-launched ETF trading pairs participate in the ring competition, there will not be token distinction among them, hence, one winner should occur per day;
NOTES:
1.The daily list of “ETF ring competition” will be announced the day after the event starts;
2.In order to ensure fair activities, cheating is strictly prohibited. If the user has any illegal operation that affects the normal operation of the activity, the LBank platform will immediately disqualify the winner, and the account will be frozen in serious cases；
3.After the event, the winners will be announced within three working days and rewards will be issued；
4.The final interpretation of this activity belongs to LBank.
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