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Archived LBank.info listing - PIVX/USDT


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Title: LBank.info listing - PIVX/USDT
Name: LBank-listing
Term: 1 cycle
Cycle Amount: 156,219
Total Amount: 156,219
Author: Jeffrey
Receiver: Jeffrey
Address: DSXfF3qdcnwy1jAgvTYNrqV1mfXe3nKMFX
Status: Active
Voting Hash: d8fb83778552cb62edb89ac55735e5a84934319bd10db099913886000022f84e

Exchange Information:​

Website Link - https://www.lbank.info/
CMC Link - https://coinmarketcap.com/exchanges/lbank/
Twitter Link - https://twitter.com/LBank_Exchange

Information extracted from Coinmarketcap:
LBank is a globally based centralized exchange (CEX) platform that was established in 2015. The platform allows users to buy and sell major crypto assets like Bitcoin (BTC) and Ethereum (ETH) in over 149 fiat currencies, with over 20 payment methods. The company has licenses from the National Futures Association, Italian Organismo degli Agenti e dei Mediatori, and money services businesses in the United States & Canada.
LBank's financial products include spot and margin trading, crypto futures and options, staking, and ETF trading of crypto assets. Other services include peer-to-peer (P2P) transactions and grid trading.

Who Are the LBank Founders?​

Allen Wei and Eric He co-founded the trading platform. Wei is a former IT developer and is currently the CEO of LBank. The advent of cryptocurrency Bitcoin inspired him to start the project.

Where Is LBank Located?​

The exchange is based in the British Virgin Islands, and owned and operated by LBK Blockchain Co., Limited. The exchange also has offices in Lithuania, Canada, and Singapore.

In what countries is LBank active?​

The exchange has more than 9 million users and accepts clients from over 200 regions.

LBank listing information:​

The listing will be give us a PIVX/USDT pair, including some marketing and market making activity on the exchange. I also aim to build a co-marketing relationship with the exchange to participate in future events that will guarantee favorable conditions for PIVX.

To adjust according to exchange fees, liquidity issues when selling, withdraw fees and potential price drops I will add an additional 10% to this proposal of the total USD cost. Whatever is left over will be published here and then used for marketing activities with the exchange OR added towards another approved exchange listing / business co-operation.

On top of the listing fee we will also need to provide liquidity in the form of 20K USD ( 10k USD of PIVX + 10k USDT) which will be put into a market making account where LBank will provide free market making services. These funds for the duration of the listing have to be kept on the exchange for MM purposes.

I will be asking for the 50 PIV in submission and processing fees to be reimbursed.

Listing - 40K USD
Market Making - 20K USD
60 000 USD + 6000 (10%) = 66 000 USD
66 000 USD = 156,169 PIVX + 50 PIVX submission
Grand total = 156,219 PIVX

What will this include?

  • PIVX/USDT trading pair on LBank
  • PIVX on exchange staking
  • AMA
  • Free market making (Some MM charge 4k per pair per month)
  • Q&A
  • PIVX trading competition

Voting Details:
To Vote YES for this proposal:

mnbudgetvote many d8fb83778552cb62edb89ac55735e5a84934319bd10db099913886000022f84e yes
To Vote NO for this proposal:
mnbudgetvote many d8fb83778552cb62edb89ac55735e5a84934319bd10db099913886000022f84e no
Last edited:

Listing price was already discounted to 45k for mainnet tokens. They made a mistake regarding the 40K as that’s for ERC20 and BSC tokens. So will see what they say but likely still our original listing price of 45k