Dear LBank users：
LBank will launch the "Vega Protocol （VEGA）" special sale on June 9. The total amount of this sale is VEGA equivalent to 50,000 USDT, the "LBK Special" enjoys an equivalent of 15,000 USDT and the "USDT Special" enjoys an equivalent of 35,000 USDT. The "LBK Special"participation rules are as follows :
Purchase Lottery time：15:00-21:00 on June 9, 2021 (UTC+8)
Purchase Supply：15,000 USDT equivalence VEGA
Subscription price: 15 USDT
Purchase Currency：LBK
Purchase Method：Lottery Ticket Purchase
Quota Per Lottery：75 USDT(5 VEGA)
Purchase price: 75USDT/sign
Position Snapshot Period: random LBK snapshot during May 28-June 9
Purchase price ratio: 1 VEGA=1,154 LBK (The conversion ratio is calculated as 1 LBK=0.013 USDT. Since the price of LBK is not stable, the price of LBK will be calculated based on the market transaction price of LBK to USDT within 4 hours before accepting user subscription. The calculation rule is: the first one before accepting user subscription The hour is the origin, backtracking to the average price within 3 hours before the LBK-USDT transaction on LBank.)
Release rules: After the lottery is completed, all are released at one time before going online
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. Users who hold a larger amount of LBK have a higher purchase quota. The following is a comparison table of the number of LBK held for this subscription and the limit of purchase:
|
Number of LBK held during the snapshot period（h）
|
lottery
|
|
50000<=h<100000
|
1
|
|
100000<=h<200000
|
2
|
|
200000<=h<400000
|
4
|
|
400000<=h<600000
|
8
|
|
600000<=h<8000000
|
13
|
|
800000<=h<1000000
|
20
|
|
1000000<=h<2000000
|
28
|
|
2000000<=h<3000000
|
32
|
|
h>=3000000
|
40
|
Example
User B participates in this round sale with snapshot balance of 210,000 LBK. The user requests for 4 lottery tickets ,The corresponding amount of LBK to be paid is:
5770*4=23,080 LBK
After lottery draw user B wins 1 and lose 1, the LBK should be returned to user B is:
5770*2=11,540 LBK
Announce Lottery Draw Result and Complete Excess Return
- Winning tickets will be announced within 2 hours after the conclusion of purchase period, and return the LBK which the tickets not win.
Estimated time to launch: June in 2021
Vesting time: Vesting from four months following the public sale.
Note: LBank’s VEGA token comes from the official private round, and will start the deposit and withdrawal business after the official private round tokens are issued!
About VEGA
Vega is a proof-of-stake blockchain, built on top of Tendermint, which makes it possible to trade derivatives on a decentralised network with comparable experience to centralised exchanges.
Vega is a protocol for creating and trading margined financial products on a fully decentralised network.The network, secured with proof-of-stake, will facilitate fully automated, end-to-end margin trading and execution of complex financial products. Anyone will be able to build decentralised markets using the protocol.
Noted
Users need to complete identity verification (KYC) and not be in the following countries or regions to participate in the sale of this project.
List of countries or regions restricted to participate: Belarus, Republic of 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 the U.S. Virgin Islands), Zimbabwe.
Click here to download for iOS or Android
LBank community
Weibo： https://www.weibo.com/LBank01
Telegram： https://t.me/LBank_cn
Twitter: https://twitter.com/LBank_Exchange
Facebook: https://www.facebook.com/LBank.info
Medium: https://medium.com/LBank
LinkedIn: https://www.linkedin.com/company/lbank
If you have problems, please contact LBank official email: service@lbank.info, 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.