LBank to Launch 「Vswap（VAL）」LBK SPECIAL SALE
Dear LBank users：
LBank will launch the “Vswap（VAL）” special sale on April 16. The total amount of this sale is VAL equivalent to 150,000 USDT, the “LBK Special” enjoys an equivalent of 30,000 USDT and the “USDT Special” enjoys an equivalent of 120,000 USDT. The “LBK Special”participation rules are as follows :
Purchase time：14:00–16:00 on April 16, 2021 (UTC+8)
Purchase Supply：30,000 USDT equivalent VAL
Purchase Currency：LBK
Subscription price: 3 USDT
Subscription model: weighted average
Purchase limit per person: the snapshot average of LBK holdings from April 5-April 16
Participation conditions: need to pass KYC verification
Purchase price ratio: 1 VAL=105.26 LBK (The conversion ratio is calculated as 1 LBK=0.038 USDT. Since the price of LBK is not stable, the price of LBK will be calculated based on the market transaction price of LBK to USDT within 4 hours before accepting user subscription. The calculation rule is: the first one before accepting user subscription The hour is the origin, backtracking to the average price within 3 hours before the LBK-USDT transaction on LBank.)
Snapshot method: random snapshot during April 5-April 16
Purchase result announcement:
LBank will announce the subscription result within 2 hours after the subscription ends. LBK used for subscription will be deducted. The actual subscription limit will be calculated within 2 hours, and the following processing will be completed:
1 Deduct the LBK that has actually been successfully subscribed;
2 LBK refunded after deducting the subscription fee;
3 Complete the distribution of the subscription currency.
Estimated time to launch: April 16, 17:00 ,2021 (UTC+8)
About VAL
Vswap is a defi economic system that integrates multi-chain wallets, multi-chain decentralized transactions, two layer DEX, and NFT auction market. Vswap has a variety of businesses such as staking, encrypted asset custody, trading, NFT collection, and crypto insurance. Since its creation, it has been supported and loved by hundreds of thousands of users from 52 countries around the world.
*During the sale, Vswap will also start price raise crowdpooling. If the hard cap is lower than ours, LBank will contact Vswap project to compensate for the refund. The detail is subject to official announcement.
Calculation
Actual account subscription limit = (account valid subscription limit)/(total subscription total on the day) * (total Token sales limit on the day)
Noted
Users need to complete identity verification (KYC) and not be in the following countries or regions to participate in the sale of this project.
List of countries or regions restricted to participate: Belarus, Republic of 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 the U.S. Virgin Islands) ), Zimbabwe.
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Official: https://www.lbank.me/
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