Dear LBank users：
In order to reward users, LBank will open MONG Flexible Earn. Without locking, holding MONG to gain daily SPONGE interest. The details are as follows:
Participation Time: May 8 - May 15, 8:00 (UTC)
Stake Asset: MONG
Participation Method: users need to find MONG assets in the "EARN " page and then click "JOIN NOW".
Minimum Interest-bearing Amount: account assets are not less than 300,000,000 MONG
Annualized Return: 100% - 500% (APY is provided for reference purposes only and will not be used as a basis for the distribution of rewards. The reward will be distributed according to the user's staking proportion)
Revenue settlement: T+1 calculates interest, T+2 pays interest.
Total Prize Pool: 7,142,000 $SPONGE
Daily Prize Pool: 1,020,285 $SPONGE
Maximum Daily Rewards for single users: 90,000 $SPONGE
Note:
SPONGE rewards can be traded/withdrawn at any time and will not be locked.
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Assets registered in "Flexible EARN" do not affect trading or withdrawal. After participation, the assets that have been traded or withdrawn will not enter the interest calculation of the day. The amount of gap from previous trading or withdrawal will be released at 2:00 pm every day.
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The freezing assets due to orders and participation in activities does not affect the interest calculation of demand deposit assets.
Click 「JOIN NOW」to participate in MONG EARN
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LBank reserves the right to final interpretation of this activity.
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If you have problems, please contact LBank official email: [email protected], and we will provide sincere, friendly and immediate service. We also welcome you to join LBank official English community to discuss the latest issue (Telegram): https://t.me/LBank_en.
Risk Warning: