Skip to main content

$UMM’s Launchpad on LBank Witnesses Over 1000% Surge within the First 30 Minutes

PRESS RELEASE. In a trading atmosphere characterized by meticulous strategies and keen observers, the Launchpad of $UMM on LBank has emerged as a focal point of discussion. UMM’s trading trajectory seems to be on a steep upward trend, marking its territory in the competitive crypto landscape.

UMM began its trading journey at $0.1 on September 29th and experienced a meteoric rise to $1 within the first 30 minutes, representing an astonishing 1000% increase from its Launchpad initial price. This Launchpad attracted a whopping 35,229 participants, leading to a cumulative investment exceeding 52,186,338 USDT.

Launchpad Pricing Details:

On September 28th, LBank initiated a subscription quota to facilitate equitable participation for every investor. This Launchpad is topped with a hard cap, and participants who reached the maximum allowed subscription invested an estimated value of $2000 in USDT.

Launchpad Mechanics:

The structural design of the UMM Launchpad on LBank is characterized by precision and thoughtful planning. For a duration of 30 days, LBank assiduously tracked user balances across Spot, Futures, and Earn accounts. The investment quotas were meticulously calculated, considering the 30-day average balances, ensuring fair play and equal opportunities. Furthermore, to qualify, users were mandated to undertake at least one trade on LBank within this timeframe. These stringent and clear rules were set to guarantee that active and substantial asset-holding users were granted premium access to participate.

What’s the Buzz Around UMM?

UMM, abbreviated as MetaExpand, emerges as a pivotal protocol in metaversal development. It’s designed to seamlessly intertwine public chains with metaverse applications, acting as a bedrock to the burgeoning metaverse ecosystem. The protocol aims to streamline the development of user-centric and technologically sophisticated applications, featuring enhancements in storage, communication, privacy, and cross-chain transactions.

UMM allows developers to channel their focus on refining application development, bypassing the complexities of the foundational blockchain technology. Furthermore, UMM introduces its inaugural full-chain game, Jurassic Virus, set in a dystopian 2050 plagued by the Jurassic virus. This innovative gaming realm utilizes the robust capabilities of MetaExpand, introducing a unique game coin, “$Culture”, which can be earned exclusively through staking UMM and can be exchanged back to UMM upon securing victories in-game. The official launch of the Jurassic Virus game happened a few days ago on September 27th, 2023.

Market Impact:

The initial performance of UMM in the Launchpad phase has reverberated strongly within the market, promising substantial returns to risk-embracing investors. According to an internal representative from LBank, the extensive promotion and the ensuing success of this Launchpad are pivotal components of LBank’s comprehensive strategy, aimed at innovating market norms amid prevailing bearish trends. This latest round of Launchpad exemplifies that the success of $PINS was not an isolated incident, further validating that the revitalization of LBank’s Launchpad is a long-term and meticulously planned initiative. We will continue this journey with our LBankers who believe in us, advancing together towards the next bull market.

 

 

 

 

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.



from Bitcoin News https://ift.tt/o2ctIh1
Labels:

Comments

Post a Comment

Popular posts from this blog

Mt Gox Creditors Updated, Trustee Says Rehabilitation Custodian Is ‘Currently Preparing to Make Repayments’

On August 31, 2022, the Mt Gox trustee Nobuaki Kobayashi explained in a recent letter that the rehabilitation custodian is “currently preparing to make repayments” to Mt Gox creditors. Trustee Updates Mt Gox Creditors — Repayment Date and Exchange Still Unknown Last week speculation and rumors concerning the release of 140K bitcoin ( BTC ) from Mt Gox littered social media platforms and headlines. Bitcoin.com News covered the situation six days ago as a number of people and Mt Gox creditors called the rumors “ fake news .” During that same period of time, a bitcoin whale transferred 10,000 BTC to unknown wallets, and a 2018 annotation , heuristics, and clustering methods show the funds likely originated from the June 2011 Mt Gox hacks. Following the mysterious whale transfer, last Wednesday, Mt Gox published an official update from the court trustee Nobuaki Kobayashi that explains the court is “currently preparing to make repayments” to creditors. Mt Gox creditors have been wait...
Post a Comment
Read more

Economists Discuss Russia, China Potentially Developing Gold-Backed Currency That Could Undermine US Dollar

Economists have weighed in on reports that China and Russia may be developing a new gold-backed currency that could undermine the U.S. dollar’s status as the world’s primary reserve currency. Russia and China May Be Developing Gold-Backed Currency Several experts have shared their views on Russia and China potentially creating a new gold-baked currency, Fox Business reported Saturday, emphasizing that China has been buying up huge quantities of gold while Russia was forced off the U.S. dollar due to sanctions imposed on the country following its invasion of Ukraine. The news outlet noted that some experts have cautioned that these moves, along with the closer relationship that has developed between Moscow and Beijing, point to the likelihood of China attempting to launch a gold-backed currency. However, neither Russia nor China has officially confirmed plans for such a currency. Craig Singleton, senior fellow at the Foundation for Defense of Democracies and a former U.S. diplomat,...
Post a Comment
Read more

Fidelity Discusses Bitcoin as Portfolio Insurance — Could Soon Stand in ‘Stark Contrast’ to Path Fiat Currencies Take

Fidelity Digital Assets, a subsidiary of Fidelity Investments, says that bitcoin could be considered portfolio insurance. The firm notes that the cryptocurrency “may soon stand in stark contrast to the path that the rest of the world and fiat currencies may take — namely the path of increased supply, additional currency creation, and central bank balance sheet expansion.” Fidelity Says Bitcoin Could Be Portfolio Insurance Fidelity Digital Assets, a subsidiary of Fidelity Investments, recently published a research study titled “The Rising Dollar and Bitcoin.” The research outlines “how bitcoin could be considered portfolio insurance” as the rising dollar impacts global currency markets. “The strengthening U.S. dollar is wreaking havoc among other countries and may put pressure on the Federal Reserve to soon reverse its tightening monetary actions, something that has precedent based on 1985’s Plaza Accord,” Fidelity explained. In addition, “more monetary debasement may be needed to ...
Post a Comment
Read more