PRESS RELEASE. LBank, a leader of global crypto exchange, announced the launch of its fourth Launchpad on January 26, 2024, featuring the project EchoLink. This announcement has garnered widespread market attention, following the significant success of LBank’s previous Launchpad projects – PINs Network, UMM, and ACGN Protocol’s token AIMEME.
LBank is committed to promoting the globalization of crypto asset trading, and the launch of EchoLink further exemplifies this effort. Through Launchpad, LBank offers global users a broader range of crypto asset investment opportunities, accelerating the development of the global digital economy. LBank has also been keeping up with market trends by launching several high-profile projects such as $Ordi, and BRC20 concept leaders SATS, RATS, MUDI, offering users optimal prices to participate in the hottest market projects.
LBank Launchpad, a key feature of the LBank trading platform, aims to provide users with a wider range of crypto asset investment opportunities. Through LBank Launchpad, users can easily participate in high-quality blockchain projects and share in their growth and success. The continuous growth of LBank’s global user base demonstrates its competitive strength in the global digital asset trading platform market. LBank’s global strategy is committed to providing users with a broader and more diverse selection of digital assets, helping global investors participate in and share the benefits of the development of the crypto economy.
Introduction to EchoLink Project
EchoLink is a decentralized physical infrastructure network (DePIN) oriented IoT oracle based on Solana. It utilizes advanced proof mechanisms to provide data capture, measurement, and verification services for numerous IoT devices. Echolink employs zero-knowledge proofs and homomorphic encryption technologies to ensure secure data transmission to oracle nodes while maintaining integrity. It bridges data and blockchain and provides a toolkit for DePIN projects, laying the foundation for the future integration of IoT with blockchain.
Advantages of EchoLink
EchoLink is innovative and forward-looking in the DePIN sector. It is not only a platform bridging IoT devices with blockchain but also a system providing data capture, measurement, and verification services for IoT devices. The launch of EchoLink signifies a deep integration of IoT with blockchain technology, offering users a secure and efficient data interaction environment.
As the tokens of EchoLink, $ECHO has significant potential for market appreciation. With the continuous development and expansion of the EchoLink ecosystem, these tokens are expected to become popular investment choices in the digital asset field. Holders of $ECHO tokens will have the right to participate in the governance decisions of the EchoLink community. This decentralized governance model allows community members to directly participate in the ecosystem’s development and decision-making processes. Overall, $ECHO tokens are not only integral to the EchoLink ecosystem but also serve as a link connecting community members, creators, and investors, jointly promoting the integration and development of IoT with blockchain technology.
Strong Market Performance of LBank Launchpad
LBank Launchpad offers users a diverse selection of projects, covering innovative and forward-looking projects in various fields. LBank is committed to providing users with a safe and reliable trading environment. LBank Launchpad follows high-standard security measures and employs a fair project allocation mechanism, ensuring every user has an equal opportunity to participate in projects and the security of user assets. Global users can conveniently participate in Launchpad projects through the LBank platform, enjoying the benefits brought by project growth.
Participation Guide
Subscription: Based on 7-day averages of specified coins
Snapshot: Jan 18-24, 2024
Conditions: At least conduct one transaction on LBank during this period
Holding Conditions: BTC ≥ 0.027, ETH ≥ 0.5, USDT ≥ 1000, LBK ≥ 97000, XRP ≥ 1615, TRX ≥ 9650
Token Info:
Token: ECHO
Quota: 10M ECHO (1% of total)
Cap: 50K ECHO
Supply: 1B ECHO
Ratio: 1ECHO = 0.01 USDT
Mode: Contribution
Currency: USDT
Contribution Time Nodes (UTC+8)
From 00:00 on January 18, 2024, to 24:00 on January 24, 2024, record the 7-day average daily holdings of BTC, ETH, USDT, LBK, XRP, and TRX (i.e., the sum of 7-day average holdings divided by 7 days), which determines the maximum USDT amount that can be contributed.
Contribution opens at 14:00 on January 25, 2024. Users need to sign a purchase agreement when contributing. Please contribute within 5 hours; contributions cannot be made after this period. Note: USDT can only be contributed from the spot account, and
once contributed, it cannot be withdrawn. Please confirm before proceeding. After the contribution is completed, the contributed USDT will be deducted.
The contribution channel will close at 19:00 on January 25, 2024.
From 19:00 to 21:00 on January 25, 2024, the token allocation results will be calculated.
At 21:00 on January 25, 2024, the token allocation results will be announced. ECHO tokens and the remaining USDT will be distributed to the users’ spot wallets.
About LBank
Established in 2015, LBank stands among the world’s foremost crypto asset trading platforms. It is dedicated to furnishing users with secure, convenient, and professional services for crypto asset trading. The platform provides an array of digital asset trading pairs, regularly unveiling innovative financial products and services to shape a holistic trading experience. The introduction of its Launchpad signifies LBank’s ongoing progress and innovation in the blockchain sector. The anticipation is for global users to engage in diverse projects through the Launchpad, observing the thriving evolution of the crypto asset industry.
For media inquiries, please contact:
Eddy Wang
PR Manager, LBank
Email: [email protected]
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