Dear LBank users,

 

To celebrate this listing event, LBank is launching an order book mining promotion for LDX. The reward prize is LDX.

 

 

Period: 4.7 00:00 - 4.13 00:00 (UTC+8)

 

II, Rewards Pool of Pending Order Mining:26,666 LDX

Activity rules: LBank takes a snapshot of the LDX/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 26,666 LDX 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 *26,666 LDX

Weight of Buying Orders

Weight of Selling Orders

1st: 1

1st: 1

2n: 0.9

2n: 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 LDX 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 * 4,444.33 LDX. B sells 100 LDX 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 * 4,444.33 LDX.

 

LBank  Rewards (LDX)
sandy*****[email protected] 714.85
deria*****[email protected] 556.71
ut.raw*****[email protected] 538.74
81*****300 502.73
85*****518 475.8
msz*****[email protected] 436.61
roh*****[email protected] 432.3
ron*****[email protected] 389.39

 

Note:

  1. All the rewards will be sent within 10 business days (not including national holidays, and weekends) after the competition concludes.
  2. All trades that we deem to be “wash trades” will not be counted towards your trading volume for this competition. LBank reserves the right to freeze any suspected accounts.
  3. LBank reserves the right to cancel or amend the competition or competition rules at our sole discretion.

 

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LBank community

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If you have problems, please contact LBank official email: [email protected], and we will provide sincere, friendly and immediate service for you. We also welcome you to join LBank.info official English community to discuss the latest issue, (Telegram): https://t.me/LBank_en.