Dear LongBit users,

LongBit officially launched "Pledge and Dividend" at 20:00 on September 4, Singapore time. Users hold LBP and can share BTC daily. The specific rules are as follows:

1. Pledge pool: Users can choose different pledge periods to pledge LBP into the pledge pool according to personal wishes. Pledge periods include flexible withdrawal, 7 days, 30 days, 60 days, and 90 days. Each pledge period corresponds to a different dividend weighting factor, which affects the final dividend equity. The user can choose multiple pledge periods for pledge, and the single pledge amount must be greater than 1000LBP.

2. Daily prize pool: The daily prize pool consists of 20% of the transaction fee income of the LongBit platform on the previous day, which is converted into BTC according to the price of all currencies at 02:00 on the day, and divided up to all valid pledged users at 02:00 the next day.

3. Dividend weight: The user's daily final dividend weight will be obtained by summing up the current effective pledge weight of the user at 24:00 every day. The effective pledge will not be counted on the second day after the user's successful pledge. The weight of the pledge. If the user lifts the pledge, the corresponding dividend weight will be deducted immediately. The calculation formula for each pledge

weight is as follows:

Weight of each pledge = LBP amount of this pledge * Coefficient of dividend weight corresponding to this pledge period

4. Dividend weighting coefficient: Each pledge period corresponds to a different dividend weighting coefficient, as follows:

Pledge period |
Dividend weighting factor |

Flexible withdrawal |
1 |

7 days |
2 |

30 days |
3 |

60 days |
4 |

90 days |
5 |

5. Reward distribution: The reward distribution formula is as follows:

The actual daily BTC dividends received by the user = the daily prize pool * the sum of the user's dividend weight / the sum of all user dividend weights

**FAQ:**

1. When is the dividend bonus issued?

Dividends are distributed daily at 02:00 am

2. Can I lift the pledge in advance after choosing a fixed period for pledge?

Yes. However, a liquidated penalty will be generated in advance. The liquidated penalty calculation formula is as follows: remaining days / contract days * 20% * the amount of pledged LBP. The liquidated damages will be directly deducted from the pledged amount, that is, the credited amount = pledged amount-liquidated damages

3. When will the released pledge amount be credited?

The pledged amount will be credited immediately and can be used for withdrawal, trading, etc.

4. Where does LBP go after the fixed-term pledge amount expires?

After the fixed-term pledge amount expires, it will be automatically transferred to the flexible withdrawal, and the user can lift the pledge at any time to conduct transactions.