LBank to Launch A5T（Alpha5）LBK SPECIAL SALE

Dear LBank users：

LBank will launch the “Alpha5 (A5T)” special sale on March 1. The total amount of this sale is A5T equivalent to 100,000 USDT, and the “USDT Special” enjoys an equivalent of 70,000USDT. Participation rules are as follows (The activity currently only supports participation on the website):

Purchase Lottery time：11:00–18:00 on Mar 1, 2021 (UTC+8)

Purchase Supply：94600 A5T

Purchase Currency：LBK

Purchase Method：Lottery Ticket Purchase

Quota Per Lottery：74USDT(100 A5T)

Participation conditions: Real name KYC is required to participate，Spot holdings are at least 50,000 LBK

Lottery Ticket Price: The current calculation result is: 4625 LBK/Lottery

Position Snapshot Period: 4 Days

Daily Snapshot Time: Feb 26, 10:00-Mar 01, 10:00(UTC+8)

Release rule: After the lottery is completed, it will be released all at once before going online

Subscription price ratio: As the price of LBK is not stable, the price of LBK will be calculated based on the market transaction price of LBK to USDT within 4 hours before accepting the user’s subscription. The calculation rule is: taking the time of 1 hour before the start of user subscription as the origin, backtracking to the average price of the LBK to USDT transaction on LBank in the previous 3 hours. The current calculation result is: 1LBK=0.02162 A5T

Trading Enable: Mar.01, 20:00(UTC+8)

Purchase limit：The number of purchase tickets is set according to the amount of LBK (spot) held by the user within the specified time. Users who do not hold LBK cannot participate. Users who hold more LBK have a higher purchase quota. The following is a comparison table between the number of LBK held for this subscription and the purchase limit:

Example

User B participates in this round sale with snapshot balance of 500,000

LBK. The user requests for 4 lottery tickets , Assuming that the price of LBK at the beginning of the purchase is 0.016 USDT, the corresponding amount of LBK to be paid is：

74/0.016*4=18500 LBK

After lottery draw user B wins 1 and lose 3, the USDT should be returned to user B is:

74/0.016*3=13875 LBK

Announce Lottery Draw Result and Complete Excess Return

• Winning tickets will be announced within 1 hours after the conclusion of purchase period, and return the LBK which the tickets not win.

The following countries&regions are not supported in this event:

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.

Risk Warning

• Trading digital assets involves significant risk and can result in the loss of your invested capital. You should ensure that you fully understand the risk involved and take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. This announcement and any other information on LBank are not to be regarded as investment advice. LBank is not responsible for any losses generated by using the information thereof.
• Any individual who tampers or attempts to tamper with the process or the operations of the subscription will be disqualified from 「USDT Special Event」.
• In case of dispute, LBank reserves the final right of decision.

If you have problems, please contact LBank official email: service@lbank.info, 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 issue, (Telegram): https://t.me/LBank_en.