LBank to Launch「LBK Spring Duck Plan」 Special Sale with ELAMA
Dear LBank Users：
To benefit LBK community, LBank will launch the “LBK Spring Duck Plan” ELAMA Special Sale on May 12. In this round of sale, ELAMA equivalent to 500,000 USDT will be sold. The LBK Special will be able to share a special quota equivalent to 400,000 USDT, the Welfare Special will be able to share a quota equivalent to 100,000 USDT.
Subscription time：16:00-18:00 on May 12, 2020 (UTC+8)
Purchase Supply：ELAMA equivalent to 500,000 USDT
Subscription Currency：USDT
Subscription Mode: weighted average allocation
Participation Condition: Users need to complete the KYC Verification.
Trading Enable: ELAMA/USDT trading will be opened at 20:00(UTC+8) on the same day.
Purchase Price Algorithm: 1 ELAMA = 0.3125 USDT
Snapshot Cycle of LBK Holding: From 00:00 on April 28 to 00:00 on May 12, 2020 (UTC+8)
Daily Snapshot Time: Snapshot will be taken at random times during the specified period.
ELAMA 101 Repurchase: the ELAMA foundation commits to a "101 repurchase period" within 24 hours of the launch of the transaction. The repurchase shall be conducted by placing orders on the secondary market at 101% of the selling price.
1、LBK Special
Purchase Limit: LBK community will be able to share a special quota equivalent to 400,000 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.
Below is the reference table between LBK average holding amount and subscription amount:
2、Welfare Special
Purchase Limit: Users who complete the KYC Verification can share a special quota equivalent to 100,000 USDT, which does not conflict with LBK Special. The maximum subscription limit for one user is 300 USDT.
Trading Open: 20:00 on May 12, 2020 (UTC+8)
Trading Pair: ELAMA/USDT
Subscription Results:
LBank will announce the subscription result within two hour after the end of the subscription. The USDT for subscription will be deducted. The actual subscription amount will be calculated within 1 hour 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.
All USDT used to pay for this sale will be used to repurchase LBK and been burned.
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)
About ELAMA
ELAMA is used on various service platforms in Elamchain. Elamarchain offers AI, Bigdata, Enterprise Blockchain Mainnet & Payment Service Establishment and System Semiconductor-based Blockchain Services.
ELAMA Website：http://elamachain.io/
ELAMA White Paper：https://www.elamachain.io/
⚠️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.
* 「LBK Spring Duck Plan」 is a high-risk investment method, investors should participate rationally and guard against investment risks. LBank is not responsible for any investment behavior such as guarantee, compensation, etc.;
* The final interpretation of the activity belongs to LBank.
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