Dear LBank users:

 

LBank will Restart APOLLO sales activities in 2021.This project is Fractal Protocol, a popular project in the global community, with a total of 350,000 FCLs. Participation rules are as follows (The activity currently only supports participation on the website):

 

Purchase Lottery time：20:00-21:00 on Feb 25, 2021 (UTC+8)

Purchase Supply：350,000

Purchase Currency：LBK

Purchase Method：Lottery Ticket Purchase

Quota Per Lottery：100 USDT (1,000 FCL)

Participation conditions: Pass KYC verification

Lottery Ticket Price: 6,250 LBK Per Lottery（This price is calculated by 0.016 USDT/LBK, the actually price will be based on the final calculated price of the activity）

Position Snapshot Period: 3 Days

Daily Snapshot Time: Feb 22, 20:00-Feb 25, 20:00(UTC+8)

Purchase Price Algorithm: Since the price of LBK is not stable while the trading launched, the price of LBK will be calculated according to the trading price of LBK/USDT trading pair within 4 hours before the subscription. The calculation rule will be: We will backdate 3 hours from the first half hour of the time while the subscription is accepted, and set the executive price with the average price the 3 hours. For example, (the exercise price of ZIP is 0.00069 USDT, (the exercise price of LBK is 0.05 USDT, then the half price purchase will be calculated as: 1 LBK=0.16 FCL)

Release rule: Subscribe to tokens, LBnak will be released linearly every day within six months (180 days)

Trading Enable: Feb 25, 22:30(UTC+8)

Purchase limit：The number of purchase tickets is set according to the amount of LBK (spot + lock-up) held by the user within the specified time. Users who do not hold LBK cannot participate. The greater the amount of LBK holders, the higher the purchase amount. The following is a comparison table of the number of LBK held in this subscription and the limit of purchase:

 

Number of LBK held in the snapshot period（h）

Purchase quota（USDT）*lottery

50,000<=h<100,000

100*1

100,000<=h<200,000

100*2

200,000<=h<400,000

100*3

400,000<=h<600,000

100*4

600,000<=h<800,000

100*5

800,000<=h<1,000,000

100*6

1,000,000<=h<2,000,000

100*8

2,000,000<=h<5,000,000

100*11

h>=5,000,000

100*13

 

Announce Lottery Draw Result and Complete Excess Return

  • Winning tickets will be announced within 1 hours after the conclusion of purchase period, and return the LBK which the tickets not win.
  • LBK deducted for payment will be destroyed.

 

Example

User B participates in this round sale with snapshot balance of 500,000 LBK. The user requests for 7 lottery tickets and wins 4 out of 7.  If LBK price is 0.016 USDT purchase period, The corresponding amount of LBK to be paid is:

100/0.016*4=25000 LBK

 After lottery draw user B wins 1 and lose 3, the LBK should be returned to user B is:

100/0.016*3=18750 LBK

 

The following countries&regions are not supported in this event:

Afghanistan, Albania, belarus, bosnia and herzegovina, Burundi, Burma, Canada, the democratic republic of Congo (gold), Cuba, Ethiopia, guinea Bissau, guinea, Iran, Iraq, Japan, Korea, Liberia, Lebanon, Libya, Macedonia, Malaysia, New Zealand, Serbia, Sri Lanka, Sudan, somalia, Syria, Thailand, Trinidad and Tobago, Tunisia, and Uganda, Ukraine, the United States, venezuela, yemen, Zimbabwe.

Users in other countries should participate in accordance with their own nation laws.

 

Risk Warning

  • Trading digital assets involves significant risk and can result in the loss of your invested capital. You should ensure that you fully understand the risk involved and take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. This announcement and any other information on LBank are not to be regarded as investment advice. LBank is not responsible for any losses generated by using the information thereof.
  • Any individual who tampers or attempts to tamper with the process or the operations of the subscription will be disqualified from 「LBK Special Event」.
  • In case of dispute, LBank reserves the final right of decision. 

 

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.