LBank to Launch「LBK 101 Plan」PDF Sale with Compound Interest
Dear LBank Users：
To benefit LBK community, LBank will launch the 「LBK 101 Plan」PDF Sale on August 25. A total of 2 million USDT equivalent PDF will be sold in this event, divided into Beneficial sale and LBK special. The foundation commits to a “101% repurchase period” within 6*24 hours of the launch of the trading, the Foundation will carry out the full Buying-order at 101% of the sale price, as follows:
Subscription time：16:00 on August 25 to 18:00 on August 25 (UTC+8)
Purchase Supply：1,290,323PDF
Subscription Currency：USDT
Subscription Price：1 PDF = 1.55USDT
Subscription Mode: weighted average allocation
Participation Condition: Users need to complete the KYC Verification.
Snapshot Cycle of LBK Holding: From 00:00 on July 27 to 00:00 on Aug 25 (UTC+8)
Daily Snapshot Time: Snapshot will be taken at random times during the specified period.
101 Repurchase: The foundation commits to a “101% repurchase period” within 6*24 hours when the trading list, the Foundation will carry out the full Buying-order at 101% of the sale price.
Repurchase Cycle: 2020.08.25 20:00–2020.08.31 20:00 (UTC+8)
*Note: the repurchase will only be carried out in this period of time.
1、
Welfare Special
Purchase Limit: Total 500,000 USDT quota. Users who complete the KYC Verification can share a special quota equivalent to 5,000 USDT, which does not conflict with LBK Special.
2、
LBK Special
Purchase Limit: LBK community will be able to share a special quota equivalent to 1,500,000 USDT. The subscription quota will be set according to the amount of LBK (spot) held by the user within the specified time. Users who do not hold LBK cannot participate. The number of LBK positions held by the user is calculated based on the average number of LBK held within the specified snapshot time.
Down below is the reference table between LBK average holding amount and subscription amount:
Trading Open: 20:00 on Aug 25, 2020 (UTC+8)
Deposit Enable: 20:00 on Aug 25, 2020 (UTC+8)
Trading Pair: PDF/USDT
Subscription Results:
LBank will announce the subscription result within 2 hours after the end of the subscription. The USDT for subscription will be deducted. The actual subscription amount will be calculated within 2 hours and the following processing will be completed:
1 Deduct the USDT from the actual subscription;
2 Return the rest of USDT except for the deducted USDT;
3 Complete the distribution of the subscribed token.
Calculation:
The actual subscription amount of a account = (the effective subscription amount of the account) / (the total subscription amount of the whole platform on the same day) * (the total amount of token available for sale on the same day)
Notice:
Users need to complete KYC Verification and the following countries & regions are not supported in this event: Belarus, the Republic of the 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 United States virgin islands), Zimbabwe.
* The freezing assets due to orders and participation in activities do not affect the interest calculation of demand deposit assets.
* The final interpretation of the activity belongs to LBank.
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