LBank Teams with Pudgy Penguins for $500,000 Rewards Campaign

LBank has partnered with Pudgy Penguins to offer a 500,000 USDT rewards campaign. The exchange's first brand partnership of its kind with the IP, the payouts span futures, spot, lucky draws, leaderboard contests, and locked earn products.

The prize pool is divided into five tracks: futures trading, spot markets, lucky draws, leaderboard competitions, and asset management products. Newcomers have a 120,000 USDT allocation reserved for them, with existing accounts also eligible.

LBank pegs its user base at over 25 million, and the exchange aims to introduce Pudgy Penguins to this audience while funneling users toward spot, stocks, derivatives, and earn products on one platform. According to Eric He, community angel officer and risk control adviser, 'Markets are no longer satisfied with innovation in products alone.'

The campaign began on August 7, the same day the exchange unveiled its brand partnership with Pudgy Penguins. PENGU, the token tied to the IP, sits near $0.0062, roughly 90.9% under its all-time high.