LBank to Launch 「LBK Thursday GO」9th-20% off Special Sale of BAL
Dear LBank Users：
To benefit LBK community, LBank will launch “LBK Thursday GO” 20% off Special Sale of BAL. This sale will be launched on Thursday, August 13, and BAL equivalent to 50,000 USDT will be sold at a 20% discount. The rules are as follows:
Subscription time：16:00–18:00 on August 13, 2020 (UTC+8)
Purchase Supply： BAL equivalent to 50,000 USDT
Subscription Currency：LBK
Subscription Mode: weighted average allocation
Participation Condition: Users need to complete the KYC Verification.
Purchase Price Algorithm:
Since the price of LBK and BAL are not stable, the calculation rule of LBK price will be: We will backdate 3 hours from the first hour of the time while the subscription is accepted and calculate the average price of LBK.
BAL will be subscribed at a discount of 20% of the average price on the day before the sale.
Assuming the price is LBK = 0.005 USDT, 1 BAL = 14 USDT, then the calculation result of 20%-off BAL is: 1 BAL = 11.2 USDT, 1000 LBK=0.446429 BAL
Snapshot Cycle of LBK Holding: From 00:00 on July 30 to 00:00 on August 13, 2020 (UTC+8)
Daily Snapshot Time: Snapshot will be taken at random times during the specified period.
Minimum Purchase Limit: 1000 LBK
Maximum Purchase Limit: 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:
Subscription Results:
LBank will announce the subscription result within 2 hours after the end of the subscription. The LBK 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 LBK from the actual subscription;
2 Return the rest of LBK except for the deducted LBK;
3 Complete the distribution of the subscribed token.
* All LBK used to pay for this sale will be used to be burned.
Calculation:
The actual subscription amount of an 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.
* 「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.
Click 「HERE」to participate the sale.
After the sale, LBank will reopen 「BAL Demand Deposit」with an annualized yield of 30%.
⚡️ Follow LBank on Social Media ⚡️
Twitter: https://twitter.com/LBank_Exchange
Facebook: https://www.facebook.com/LBank.info/
Telegram: https://t.me/LBank_en
Reddit: https://www.reddit.com/r/LBankExchange/
Medium: https://medium.com/@LBank_Exchange
LinkedIn: https://www.linkedin.com/company/lbank
