Dear LBank users,
In order to reward users, LBank will open the following Three activities of MELOS to reward users. LBank users can participate in either of the activities to share a total of 75,000 MELOS
Activity 1: Deposit MELOS to share 15,000 MELOS
Activity time: 2022.3.21 20:00 - 2022.3.26 20:00 （UTC+8）
Activity rules:
During this period, users who deposit at least 50 USDT of $MELOS will be rewarded 1% of MELOS airdrop according to the net deposit amount. The total reward pool has 20,000 MELOS. First come, first served. The maximum reward for a single user is 1,000 MELOS.
Activity 2: MELOS Trading Competition
Activity time: 2022.3.21 20:00 - 2022.3.29 20:00 （UTC+8）
Activity rules:
During the activity period, we will rank users who participate inMELOS trading pairs (i.e.: MELOS/USDT) according to the amount of MELOS trading volume (including buy and sell) in LBank. The total prize pool for the trading contest is 40,000 MELOS and the top 20 users will receive the following prizes:
1st place: 20% of the total prize pool
2nd place: 10% of the total prize pool
3rd place: 6% of the total prize pool
4th-10th place: 28% of the total prize pool (4% each)
11th-15th place: 10% of the total prize pool (2% each)
During the events, other traders can share the remaining prize pool with a trading volume (including both buy and sell orders) at least 1,500 MELOS will be eligible to participate. (excluding the top 15 winners)
Activity 3: MELOS Internal Liquidity Mining (Order Book Mining)
Activity time: 3.22 00:00 - 3.27 00:00 (UTC+8)
Activity rules:
LBank takes a snapshot of the MELOS/USDT trading pair every 5 minutes to record the number of pending orders for the top 10 buy orders and the top 10 sell orders, then calculates the return, and distribute 20,000 MELOS as rewards at the end of the event.
Mining reward calculation: The reward coefficient of buying order return is calculated by the amount of the pending order, the weight of the pending order and the time frame, and the selling order return is uniformly calculated with the first sell order price as the calculation price, the weight of the pending order and the time frame to calculate the reward coefficient.
*Reward of activity = amount of pending order * weight of pending order * time frame of pending order / total reward coefficient for the top ten orders *20,000 MELOS
|
Weight of Buy Orders |
Weight of Sell Orders |
||
|
1st |
1 |
1st |
1 |
|
2nd |
0.9 |
2nd |
0.9 |
|
3rd |
0.8 |
3rd |
0.8 |
|
4th |
0.7 |
4th |
0.7 |
|
5th |
0.6 |
5th |
0.6 |
|
6th |
0.5 |
6th |
0.5 |
|
7th |
0.4 |
7th |
0.4 |
|
8th |
0.3 |
8th |
0.3 |
|
9th |
0.2 |
9th |
0.2 |
|
10th |
0.1 |
10th |
0.1 |
Example: A buys MELOS on a first pending buy order, and the value of the pending order is 10,000 USDT. If the pending order remains untraded for one day, then he could obtain the rewards as in (10000*1)/the total coefficient of the first 10 pending orders * 4,000 MELOS. B sells 100 MELOS tokens on 10th pending orders, the pending price for it is 100 USDT, and the first sell order price is 2 USDT, since the reward coefficient is based on the selling price. B could obtain rewards if it remains untraded, and the reward is calculated as (100*2) *0.1)/Total coefficient of the top 10 pending orders * 4,000 MELOS.
Note:
- Net Deposit Amount = deposits - withdrawals;
- Trading Volume = (buys + sells) * token price;
- In order to ensure the fairness of the activity, any fraudulent behavior is strictly prohibited. If any malicious cheating behavior were found, related users will be disqualified.
- Activity rewards will be distributed within 7 working days when the activity is completed.
- LBank holds the final interpretation of this activity.
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