Dear BigONE users,
In order to provide users with more diversified wealth products and gain profits in a bear market, the BigONE team has now launched 「Dual Currency」wealth products.
How to participate in 「Dual Currency」?
Url page: https://b1.run/coffer
Participation time: December 12th 20:00:00-23:59:59 (UTC + 8)
There are two products in this issue of 「Dual Currency」:
8-day cycle, 104.93% annualized return, linked price $ 7250
15-day cycle, 65.7% annualized return, linked price $ 7500
Investment Amount (total, NOT per account): The maximum investment amount of the two products in this issuance is 10 BTC each. The minimum investment amount is 1 BTC and must be a multiple of 1 BTC.
Withdrawal mechanism: You cannot withdraw before settlement, your investment return will be automatically transferred to your wealth management account after settlement on the day when the product matures.
What is 「Dual Currency」?
「Dual Currency」 is a new product with a high floating yield. When you buy a wealth product, your yield is clear, fixed, and higher than various conventional digital asset wealth products.
How it works: You need to buy in BTC, and we will settle in BTC or USDT. The specific cryptocurrency used for settlement will depend on the comparison result between the settlement price and the linked price at maturity.
When the settlement price is lower than or equal to the linked price at maturity, the product will be settled in BTC. When the settlement price is higher than the linked price at maturity, the product will return USDT.
Linked price: The linked price is a pre-set benchmark price for 「Dual Currency」 products.
Settlement price: The settlement price is the average of index prices in the 30 minutes between 15:30:00 -16: 00: 00 (UTC + 8) on the day of maturity. The index prices take into account the BTCUSD prices of 7 exchanges (Bitstamp, Bittrex, Coinbase Pro, Gemini, Kraken, Itbit, LMAX Digital). It is calculated by taking the average price after removing the highest price and the lowest price.
For example, if a 「Dual Currency」 product has the following characteristics:
Investment currency: BTC
Linked price: $ 7,500
Expiry date: 2019-12-08
Investment cycle: 7 days
Return rate: 5%
Annualized return rate: 260%
On 2019-12-01, you purchased more than 1 BTC.
If the settlement price of BTC is lower than or equal to the linked price of $ 7,500, you will get a 5% BTC-denominated gain, which means 1 * (1 + 5%) BTC is returned.
If the settlement price of BTC is higher than the linked price of $ 7,500, then you will get a 5% USDT-denominated gain, which is 1 * 7,500 * (1 + 5%) USDT.
In short, you will get a 5% return when the product expires, and the cryptocurrency returned depends on the BTC settlement price.
「Dual Currency」 products are wealth management products involving derivatives. Before making any investment decision, you should conduct an independent review of whether the product is suitable for you based on your financial status, investment experience, investment objectives, investment scope, willingness and ability to take risks, and whether you understand the nature and risks of the product. If in doubt, you should consult with an independent financial adviser.
「Dual Currency」 products are not the same as deposits. This product is not the principal protected. You should not consider this product as a substitute for ordinary savings or deposits.
The price of cryptocurrencies fluctuates greatly. The return of the 「Dual Currency」 products received by investors may be significantly lower than the return of other investments. If the cryptocurrency market crashes, the dollar value of the settlement amount (cryptocurrency-denominated) you receive on the settlement day may be significantly lower than the value of your investment amount.
Please be aware of the liquidity risk of 「Dual Currency」 products. Once you invest in a particular 「Dual Currency」 product, any early withdrawal or early termination of the investment will not be allowed.
This disclaimer does not constitute any offer, invitation or recommendation to buy, sell or provide any investment products or services.
BigONE reserves the right of final interpretation for the Dual Currency Wealth Products.
Thanks for your continuous support and love.
December 12, 2019