LBank to Launch「LBK 101 Plan」MOYU Sale

Dear LBank Users：

 

To benefit LBK community, LBank will launch the 「LBK 101 Plan」MOYU Sale on Oct 13. A total of 2 million USDT equivalent MOYU will be sold in this event, divided into Beneficial sale and LBK special. The foundation commits to a "101% repurchase period" within 6*24 hours of the launch of the trading, the Foundation will carry out the full Buying-order at 101% of the sale price, as follows:

 

Subscription time：16:00 on Oct 13 to 18:00 on Oct 13 (UTC+8)

Repurchase Cycle: 2020.10.13 20:01-2020.10.19 20:01 (UTC+8) 

*Note: the repurchase will only be carried out in this period of time.

 

 MOYU Project Details:

Project Name: MOYU

Purchase Supply：10,000,000 MOYU

Subscription Currency：USDT

Subscription Price：1 MOYU = 0.2 USDT

Subscription Mode: weighted average allocation

Participation Condition: Users need to complete the KYC Verification.

 

「LBK Special」

Purchase Limit: LBK community will be able to share a special quota equivalent to 1,500,000 USDT. The subscription quota will be set according to the amount of LBK (spot) held by the user within the specified time. Users who do not hold LBK cannot participate. The number of LBK positions held by the user is calculated based on the average number of LBK held within the specified snapshot time.

Down below is the reference table between LBK average holding amount and subscription amount:   

Average LBK Holding Amount (h)	Subscription Amount (USDT)	Holding Days (Day)
100k<= h < 200k	500	14
200k <= h < 500k	1,000	14
500k <= h < 700k	2,500	14
700k <= h < 1M	4,000	14
1M <= h < 1.5M	6,000	14
1.5M <= h < 2.2M	9,000	14
2.2M <= h < 3M	15,000	14
H >= 3M	22,000	14

 

Snapshot Cycle of LBK Holding: From 00:00 on Sept 29 to 00:00 on Oct 13 (UTC+8) 

Daily Snapshot Time: Snapshot will be taken at random times during the specified period.

 

「Welfare Special」

Purchase Limit: Total 500,000 USDT quota. Users who complete the KYC Verification can share a special quota equivalent to 1,000 USDT, which does not conflict with LBK Special.  

 

Trading Open: 20:00 on Oct 13, 2020 (UTC+8)

Withdrawal Enable: 20:00 on Oct 19, 2020 (UTC+8)

Deposit Enable: 20:00 on Oct 13, 2020 (UTC+8)

Trading Pair: MOYU/USDT

 

Subscription Results:

LBank will announce the subscription result within 2 hours after the end of the subscription. The USDT for subscription will be deducted. The actual subscription amount will be calculated within 2 hours and the following processing will be completed:

1. Deduct the USDT from the actual subscription;
2. Return the rest of USDT except for the deducted USDT;
3. Complete the distribution of the subscribed token.

 

Calculation:

The actual subscription amount of a account = (the effective subscription amount of the account) / (the total subscription amount of the whole platform on the same day) * (the total amount of token available for sale on the same day)

 

• MOYU Introduction

Moyu is a facility plan for blockchain privacy payment. Initiated by experts in payment field, cryptography and blockchain from all over the world, it aims to restore the privacy represented by payment data and return to personal ownership by establishing multiple OTC payment platforms. Provide simple, efficient and secure privacy payment experience for global users. Moyu is a token that rewards both parties, merchants and platforms in the process of OTC transaction. The number of Moyu held determines the participation qualification and yield of OTC platform. 

Website: http://moyu.finance

Blockchain Browser: https://etherscan.com/token/0x8fbdc8caf95bb00f4a46ee82a47c087f8b40c028

 

Notice: 

Users need to complete KYC Verification and the following countries & regions are not supported in this event: Belarus, the Republic of the Congo, Iran, mainland China, Iraq, North Korea, Sudan, Syria, United States of America and its territories (American Samoa, Guam, northern mariana islands, Puerto Rico and United States virgin islands), Zimbabwe.

 

 * The final interpretation of the activity belongs to LBank.