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  • Writer's pictureDavid Manion

$LBank to host $UMM token sale.

$LBank to host $UMM token sale.
$LBank to host $UMM token sale.

new york, USA, September 22nd, 2023, Chainwire

LBank is gearing up for its second Launchpad project, MetaExpand. The $UMM token will be distributed after the Launchpad ends on September 28 and it will then be listed on LBank on the 29th. MetaExpand follows the success of LBank’s debut Launchpad token, $PINS, which soared by 20x. $LBank to host $UMM token sale.

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Despite tough market conditions, LBank has shown robust growth. The exchange captured a 4.6% share of the market in H1 and reached fifth spot in CMC's spot trading volume report. LBank's astute maneuvers in welcoming memecoins to its platform have further solidified its market standing. The exchange’s discerning approach in curating quality memecoin offerings has enhanced its reputation among purveyors of this crypto asset class.

The sophomore project to feature on LBank Launchpad is Universal Metaverse Expansion Protocol, aka MetaExpand, denoted by its $UMM token. The project aims to architect a robust bridge connecting public chains and metaverse applications, broadening metaverse capabilities.

MetaExpand will deliver seamless integrations across a multitude of mainstream public chains, bringing the promise of cross-chain into a reality. Its protocol also boasts robust privacy by harnessing zero-knowledge proofs, which support onchain data privacy. Other features include sharding and mesh network architecture, ensuring that computational and storage resources are efficiently distributed across a multi-chain ecosystem.

The $UMM token is used for fee processing, decentralized governance, and staking. 72% of its allocation is reserved for ecosystem incentives, 10% for external ecosystem collaboration, 8% for the team, and 10% in reserve. LBank Launchpad will see 1% of the $UMM supply made available at an exchange rate of 1 UMM = 0.1 USDT.

Jurassic Virus, MetaExpand's flagship all-chain game, deeply integrates MetaExpand's tech capabilities. Players can immerse in an evolving Jurassic era and explore the world of 2050. The in-game currency is "culture," solely obtainable through staking $UMM. Although "culture" derives from $UMM, its initial issuance can only be utilized in-game and only winnings can be directly converted to $UMM. The LBank Launchpad period ends on September 28.

About LBank

LBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 9 million users from more than 210 regions across the world. LBank is a cutting-edge growing platform that ensures the integrity of users’ funds and aims to contribute to the global adoption of cryptocurrencies.

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