LBank to Launch「LBK Thursday Go」29th 20% off REEF Sale with Compound Interest

LBank Exchange
2 min readDec 30, 2020


Dear LBank Users

To benefit LBK community, LBank will launch the “LBK Thursday Go “ on December 31, and 50,000 USDT equivalent REEF will be sold at a 20% discount. The rules are as follows:

Subscription time:16:00–18:00 on Dec 31, 2020 (UTC+8)

Purchase Supply:50,000 USDT equivalent REEF

Subscription Currency:USDT

Subscription Mode: weighted average allocation

Participation Condition: Users need to complete the KYC Verification. The LBK holding amount ≥ 50,000 LBK.

Purchase Price Algorithm: The subscription price will be calculated based on the average REEF price three days before the sale. Assuming the price is 1 REEF= 0.15USDT, then the calculation result of 20%-off REEF is: 1 REEF = 0.12USDT,1 USDT=8.3333 REEF

Maximum Subscription Amount: The maximum subscription limit for eligible users is 2,000 USDT per person.

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.


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)


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 Thursday Go」 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.