Announcement on the advance listing of the automatic on-chain distribution of MEME series tokens

Dear LBank users:

 

Due to the advance update of the technical product, the on-chain distribution of MEME series tokens will maintain the original form of on-chain bonus for holding positions, and will automatically obtain the positions through the system and automatically distribute the on-chain bonus to users holding positions.

 

LBank users with positions (SANSHU, YOOSHI, HOKK, COLLIE, HTMOON, PIG, AGUAGOAT, BAFE, KISHU INU, ZOOT, SAFEMOON) and other tokens with on-chain dividends will be entitled to on-chain dividends if they hold the above tokens in their LBank asset accounts or spot accounts, and the platform will take a random snapshot of the lowest value position as the basis for distribution on the platform.

 

The platform will monitor the changes in the position of a fixed account, and based on the growth percentage of the account and the increase of the platform's asset management account, distribute on-chain to the platform's users holding that coin based on the weighted positions of the platform users.

 

The time period for monitoring and distribution is 24 hours, and the time of distribution is 16:00 (UTC+8) on the same day.

 

For example:

 

If a user tops up or buys a position of 10,000 PIGs on the same day, and the monitored data changes by 1% on that day, the on-chain distribution for that user will be 100 on that day, and the platform will automatically distribute the on-chain distribution of those 100 PIGs to the user through the asset centre by 16:00 (UTC+8) on the second day.

 

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