LBank Weekly Report (06/03~06/11)

LBank Weekly Report

LBank weekly report provides news on the most popular projects in crypto world

  1. $GTC (GITCOIN) initially listed on LBank with a highest increase of over 500 percent

LBank was the first exchange to list $GTC. With a huge rise in market value, it went live on Coinbase and Binance since after and recorded an increase of more than 50% in a single day. Gitcoin is an open-source platform that allows anyone to develop open-source software with Python, Rust, Ruby, JavaScript, Solidity, HTML, CSS, Design, etc. and get paid accordingly. $GTC is the governance token used to decentralize Gitcoin into a DAO (GitcoinDAO) ecosystem, collectively working to fund the next generation of public goods.

2. LBank listed the MEME trading zone and proposed the APY of static rewards for the first time

The recently listed MEME trading zone on LBank is a section that brings together a number of projects with static rewards mechanisms, which holders will get rewards generated from transfer fees according to certain contract. LBank introduced the concept of static rewards’ APY which enables holders to get a clear picture of the rewards they receive.

With 16 trading pairs already supported, the MEME zone is still open to more deflationary tokens with great community and ecosystem. For instance, the recently listed $DUKE and $SMOON keep rising with the highest increase of 700 percent and 1600 percent respectively. $PIG has also generated 100 times investment returns since listed on LBank.

Trading MEME: [log in home page]-[trade]-[MEME]

3. Launched a global community vote on popular deflationary projects with 18,000 people participated and over 23,000 votes

Lasting for 5 days, the first voting campaign launched by LBank has 18,113 participants and a total of 22,275 votes. The top 3 projects and the number of votes are as follows:

YOOSHI: 8,384 votes

AQUAGOAT: 4,082 votes

KISHU: 1,829 votes

LBank will start the distribution of doubled static rewards of YOOSHI, AQUAGOAT and KISHU from June 10th, which lasts for one week till June 17th. The holders will receive the returns from T+1 and check it in the wallet. The vote campaign got active involvement from various of communities with over 4,000 new followers in Twitter and more than 3,000 new subscribers in our official Telegram group.

4. Support new trading pairs in Trading bot

Grid Trading, a platform launched by LBank at the beginning of 2021, provides foolproof trading strategy for users to obtain stable quantitative trading returns in a tumbling market. At the same time, users can enjoy free spot trading if they apply for membership of LBK (link: https://www.lbank.me/lbk.html#/city). In this way, users will be able to participate in grid trading with lower arbitrage spreads.

The currently supported trading pairs include, DOGE/USDT, SUSHI/USDT, TRX/USDT, TRX/BTC, SOL/USDT, BTC/USDT, ETH/USDT, ETH/BTC, DOT/USDT, BNB/USDT, LTC/USDT, LTC/ETH, LTC/BTC. XRP/USDT, XRP/ETH, XRP/BTC, LINK/USDT, LINK/ETH, LINK/BTC, MDX/USDT, FIL/USDT, CAKE/USDT, CAKE/BTC, SHIB/USDT, LBK/USDT, UNI/USDT, UNI/BTC, ETC/ USDT, ETC/BTC, MATIC/USDT (totally 30 trading pairs)

For more details about grid trading: https://www.lbank.me/grid.html

LBank (https://www.lbank.info) ——The World’s Leading Digital Asset Exchange.