LBank to Launch 「Fei Protocol（FEI）」ETH SPECIAL SALE
Dear LBank users:
LBank will launch the activity of raising ETH to mint FEI (Fei Protocol) at 17:00 on April 1. There is no upper limit to the total amount of ETH raised. The raised ETH will be used in Genesis group for the creation of Fei and also getting the chance of acquiring TRIBE (the governance token)airdrops.The details are as follows:
Time：04/01 17:00–04/03 20:00 （UTC+8）
Total amount： no limit
Supported currency: ETH
Price: subject to the price of Genesis group
Sale module: participate in Genesis Group
1) Need to complete KYC verification
2) There is no amount limit for each user
3) Release rules: Genesis group will end at 04/04 3:00 (UTC+8),we will send FEI and TRIBE to users as per the proportion of raised ETH. The specific time will subject to the official news.
Time: 0401 3:00–0404 3:00 (UTC+8)
Participants can mint FEI in proportion of total amount of raised ETH. Thus, the total amount of minted FEI is determined by total amount of raised ETH, which also determines the actual amount of FEI each participant can claim.
FEI minted activity is one-way, but participants can redeem ETH via swap FEI on Uniswap or on the secondary market.
Scale target: 100 m FEI
Starting price: $0.50, maximum price: $1.01
TRIBE airdrop: Each participant can acquire TRIBE (governance token) 0f 10% total supply in proportion with the raised ETH.
About Fei Protocol
FEI is a highly scalable, decentralized, and reserve-backed stablecoin that can meet DeFi’s needs without relying on centralized assets for collateral. TRIBE is the native governance token.
The total initial supply of TRIBE is 1 billion. The token distribution breaks down as follows:
1. 40% DAO Treasury
2. 20% Initial DEX Offering (IDO)
3. 13% FEI Core Team
4. 10% Genesis Group
5. 10% Staking Rewards
6. 5% Investors
7. 2% Grants
Users need to complete identity verification (KYC) and not be in the following countries or regions to participate in the sale of this project.
List of countries or regions restricted to participate: Belarus, Republic of Congo, Iran, Mainland China, Iraq, North Korea, Sudan, Syria, United States of America and its territories (American Samoa, Guam, Northern Mariana Islands, Puerto Rico and the U.S. Virgin Islands) ), Zimbabwe.