LBank Completes the UMM Subscription Launchpad and Will Open Trading for UMM

Dear LBank Users,

LBank has completed the subscription format Launchpad for UMM, and the final token allocation results will show on the UMM Launchpad Page.

LBank will list the UMM/USDT trading pair on September 29th, 2023, at 06:00 (UTC), and withdrawals will be enabled on October 2nd, 2023, at 06:00 (UTC).

• A total of 35,229 participants committed 52,186,338 USDT during the subscription period, representing an oversubscription of 521x. 

• 36 participants reached the 20,000 UMM individual hard cap, resulting in the participants’ allocation being passed down to the remaining users. For further information on how this is calculated, refer to a detailed guide here.

Note:

• The token purchase price was set at 1 UMM = 0.1 USDT 

• The UMM smart contract:

  https://snowtrace.io/address/0x4b776150B8dCDc34ad705A76734Fb591Ac181D1d

Further Information:

• Introducing the UMM Token Sale on LBank Launchpad!

Note: Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.