LBank to Launch FO Demand Deposit with an Annualized Yield of 10%

2 min readJun 24, 2020

Dear LBank users：

In order to enrich the ecological development of the LBK community, LBank has joined the FO super node and jointly launch the FO Demand Deposit with an annual return of 10%. The details are as follows:

Participation Condition: Users need to complete the KYC verification.

Participation Time: 18:00 on June 30, 2020(UTC+8)

Support Asset: FO

Annualized Return: 10% (Floating adjustment)

Maximum Interest-bearing Amount: with no limit

Minimum Interest-bearing Amount: account assets are not less than 1 FO

Capacity: 50,000,000 FO

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 After registration, the assets has been trading or withdrawn will not enter interest calculation of the day .For the amount gap will be released at 2:00 pm in the next day.

* The freezing assets due to orders and participation in activities does not affect the interest calculation of demand deposit assets.

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.

Click 「FO Demand Deposit」to participate.

* LBank reserves the right of final interpretation of this activity.