Dear LHCoin token holders, this update is primarily for you.
We continue to move on according to the roadmap and continue to develop crypto broker project.
Time has come for the Second quarter cashback payout.
CASHBACK is calculated as 5% of the net broker account deposits, performed in cryptocurrency by traders.
To know the amount which token holder may get, use the formula:
CASHBACK = LHC*[(In-Out)*0,05]/E , where
LHC – amount of tokens, owned by the token holder
(In – Out) – deposits of traders’ accounts in cryptocurrency with the exclusion of withdrawals from traders’ accounts in cryptocurrency
E – tokens emission exact number = 101 788 634.10887865
This formula is for your reference only. You do not have to make any calculations; all calculations are made by smart contract automatically.
Here is the link to an instruction for funds withdrawal.
In the second reporting period the amount of traders’ net deposits (IN-OUT) in cryptocurrency was quite modest – 95.000 USD.
This amount is a little higher than in the first quarter of cryptobroker operations but yet modest. We believe that continuous depressive mood on cryptocurrency market and New Year holidays justify this.
Howbeit, broker continues to operate and to introduce new products and services. The growth of crypto trading volumes and the consequent rise of LHCoin financial attractiveness is just a matter of time.
To stimulate the growth of clients base, project management decided to postpone the introduction of the leverage fee for traders. Thus, our leverage is still free of charge, and client base growth will not slow down.
Caution! Cashback for this amount will be available from March 16 for three months. The majority of cashback amounts are small and do not exceed the size of the commission for withdrawal, so next cashback payouts will happen once in six months. Next payout will be on September 15.