LBank to Launch GL Net-buying Contest with a Growth Prize Pool of 580,000 GL

LBank Exchange

2 min readApr 29, 2020

Dear LBank users:

LBank will launch GL Net-buying Contest at 12:00 on May 6. The details are as follows:

Activity Time: From 12:00 on May 6 to 12:00 on May 13, 2020 (UTC+8)

Participation Condition: Users need to complete the KYC verification. GL net-buying ≥ 10,000 GL.

Sharing Prize

Total Reward: 500,000 GL

Rules:

One day is counted from 12:00 on the prevail day to 12:00 on the current day. At 12:00 each day, LBank will count the effective participants and their GL net-buying volume of the previous day and take them as the basis for setting the prize pool quota. During this activity, LBank will update the previous day’s pool quota after 12:00 each day.

Effective Number of Participants (h)

Quota of the Sharing Prize Pool (GL)

h≤50 40,000

50<h≤80 100,000

80<h≤120 250,000

h>120 500,000

Rewards available to a single active participant = the final prize pool * GL net-buying amount by a single effective participant / the total GL net-buying amount by all effective participants

Encouragement Prize

Total Reward: 80,000 GL

Rules: During this activity, users whose GL net-buying volume is more than 10,000 GL and who are not eligible for the sharing prize can receive 500 GL each.

Notice:

1. Net-buying = buy — sell — withdrawal

2. The rewards will be distributed to winners within 7 working days after the end of the activity.

3. Wash trading and any cheating conduct are prohibited. Otherwise, LBank has the right to deprive the prize.

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