Recent events have created great uncertainty over the future of cryptocurrencies, token sales and other financial innovations. The market has become extremely volatile. In light of this, and in line with our emphasis on risk-management, we have decided to delay Phase 1 of the LakeBanker Token Sale. Phase 1 was originally scheduled to take place between September 15, 2017, 3pm UTC and September 20, 2017, 3pm UTC. It will now take place two weeks later, between September 29th, 2017, 3pm UTC and October 4th, 2017, 3pm UTC. Nonetheless, we are still accepting contributions now in advance of the official start for those who want to avoid potential last-minute problems. Should the market fluctuate dramatically we may need to revise the price of BAC tokens in terms of ETH prior to the onset of Phase 1. Please note that it's clearly stated on our website that we reserve the right to alter the price of BAC before the sale starts in response to dramatic market fluctuations.

At this stage, we would like to reassure LakeBTC customers along with current and potential participants in the LakeBanker Token Sale on a number of issues. First, LakeBTC.com and the LakeBanker system will only be minimally impacted by the news coming out of China: We have always been an international firm. Our company has never been incorporated in China. We ceased CNY operations almost a year ago and now the Chinese market comprises a tiny fraction of our business. LakeBTC.com supports 6 languages but Chinese is not one of them and hasn't been for several years. Our team, advisory board and corporate partners are spread throughout the world. Our Token Sale has never been marketed in China and we exclude Chinese citizens from participating. Second, those who have money on account with LakeBTC or who have deposited money with us for the LakeBanker Token Sale can rest assured that their money is safe. LakeBTC is a world leader in terms of reliability, security, and emphasis on risk-management. We have never lost customers' money. LakeBTC remains a point of strength in these difficult times for cryptocurrency enthusiasts.