Announcement that LBank Completed the Distribution of BBC Mining Proceeds and Open the BBC Repurchase Period
Dear LBank users,
LBank completed the sale of “LBK Spring Duck Plan — BBCNP Special” at 19:00 on April 10, 2020 (UTC + 8). The BBCNP sold this time is the computing power coin of BBC (BigBang Core), and each BBCNP is anchored in the unit computing power of BBC during the period of one month from 20:00 on April 10 to 20:00 on May 10. The settlement of BBC mining revenues will be completed on May 11. The settlement of BBCNP involves delisting, and the execution of BBC’s “repurchase period” involves the repurchase exercise cycle. Please pay attention to the details as follows:
1. As of 20:00 on May 10, 2020 (UTC + 8), BBCNP shall cease to produce BBC, and BBCNP shall no longer have any actual value. At that time, LBank will directly delist the BBCNP/USDT trading pair. Please pay attention to the risk control of relevant users.
2. By 16:00 (UTC + 8) on May 11, 2020, LBank completes the distribution of the BBC mining proceeds of the last phase. At 20:00 on the same day, LBank will open the BBC repurchase period, which will only be carried out during the buyback period.
BBC Repurchase Cycle: May 11, 20:00 — May 14, 20:00 (UTC + 8)
BBC Repurchase Method: the repurchase shall be carried out by placing orders on the secondary market and the repurchase capital shall not be less than 600,000 USDT.
BBC Theoretical Repurchase Price: the unit repurchase price of BBC = 600,000 USDT / the total amount of BBC produced by BBCNP = 600000 / 934999.997 = 0.6417 USDT
BBC Exercise Repurchase Price: 0.65 USDT
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