MetaExpand’s Successful Launchpad on LBank Attracts Significant Investment

New York, US, October 16th, 2023

LBank has just concluded a remarkable Launchpad event for MetaExpand, attracting an impressive total investment of 52,186,338 USDT from 35,229 participants. The native token $UMM is scheduled to be listed on LBank and become available for trading starting September 29th at 6 AM (UTC).

This event generated immense anticipation, especially after the phenomenal success of the previous $PINS Launchpad, which saw a substantial total investment of 51,556,343 USDT and a staggering 2003% increase in value. The success of $PINS brought significant returns to the 34,587 participants.

LBank has made a significant mark in the cryptocurrency market this year. It has secured a prominent position in spot trading volume and has established a substantial presence in various cryptocurrency sectors, including the MEME coin sector, as indicated by the latest market data. LBank continues to provide its vast user base of over 9 million global users with specialized financial derivatives, expert asset management services, and a secure trading environment, actively promoting the global adoption of cryptocurrencies.

The participation rules for $UMM, much like $PINS, were carefully designed. They focused on a user’s daily average holdings of mainstream coins such as BTC, ETH, USDT, and LBK. User balances across Spot, Futures, and Earn accounts were closely monitored over a specified period, and investment quotas were set based on this average. To be eligible, users were also required to complete at least one trade on LBank within the designated timeframe. These well-thought-out rules have significantly increased platform activity, including spot holdings, contract positions, earn account balances, and transaction volumes.

A spokesperson for LBank expressed their enthusiasm, stating, “We’ve seen an overwhelming level of engagement and support from our user community, particularly after the success of our $PINS Launchpad, which brought substantial returns to participants. The rules for the $UMM Launchpad were strategically designed to prioritize our active and asset-holding users, building on the lessons learned and successes experienced during the $PINS Launchpad. We are sincerely grateful for such vibrant participation and are excitedly anticipating the upcoming $UMM listing and other thrilling developments.”

The key details for the $UMM listing are as follows:

– Token Distribution Time: September 28th, 1 PM (UTC)

– Trading Time: September 29th, 6 AM (UTC)

– Withdrawal Time: October 2nd, 6 AM (UTC)

For more information and official details, please visit: [Official Link](https://support.lbank.com/hc/en-gb/articles/23472949149209)

About MetaExpand

MetaExpand ($UMM) is a universal metaverse expansion protocol, specifically designed to bridge the technical gap between public chains and metaverse applications. It serves as a foundational infrastructure for the metaverse ecosystem, facilitating the development of user-friendly and technologically advanced applications. These applications encompass features like storage, communication, privacy, cross-chain capabilities, and transactions. MetaExpand’s mission is to enable developers to concentrate on application development rather than getting lost in the intricacies of underlying blockchain technology.

Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.