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Wealth Management Products

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BigONE
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Dear BigONE users,

 

In order to provide more wealth management options, BigONE will launch "BTC Lending" at 16:00 (UTC+8), on January 22.

What Is BTC Lending:

BTC Lending is a fixed-term, principal-protected, floating-rate wealth management product. The settlement token is the same as the deposit token. The annual percentage rate on this product is not fixed, and it depends on the movement of Bitcoin price during the investment period.

Product Information

  • Participation time: January 22 16:00:00 2020-January 23 00:00:00 (UTC+ 8:00)

  • Annualized interest is between 3% - 10%, 30-day cycle, and the total deposit size is 100 BTC.
  • Linked Price: 7500 USD - 10500 USD

  • The linked price is a benchmark price. The annual percentage rate is affected by the fact whether Bitcoin price has crossed the benchmark price or not during the investment period.

  • The settlement price is the average of 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.

Example:

Let’s say you subscribe one-month BTC Lending (Value date: Jan 21, 2020, Redemption date: Feb 22, 2020) with 1 BTC, during the investment period, if Bitcoin price ever moves above 10,500 USD or below 7,500 USD, your annual percentage rate on this wealth management product will be 3%; if Bitcoin price stays in range of 7,500 USD to 10,500 USD, the annual percentage rate will be 3% to 10%, depending on the movement of Bitcoin price.

Note: Regardless of the movement of Bitcoin price, the interest will be paid in Bitcoin (BTC).

 

Terminology

Deposit Token

The deposit token is the token in which you need to purchase the investment product. For BTC Lending, the deposit token is Bitcoin (BTC).

Settlement Token

The settlement token is the refund token you will receive after the product matures. The settlement token of BTC Lending is the deposit token.

Maturity Date

The maturity date is the date on which the investment product matures, and also the date on which the interest stops accruing.

Annual Percentage Rate

The annual percentage rate is an estimated, annualized rate of return for the product. It does not take compounding into account. The formula for APR is: Annual Percentage Rate = interest / principal / investment duration * 365 * 100%.

Linked Price

The linked price is a benchmark price. The annual percentage rate is affected by the fact whether Bitcoin price has crossed the benchmark price or not during the investment period.

Settlement Price

The settlement price is the average of 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.

Participate Here:

【Tips】

  1. BTC Lending is a fixed-term, principal-protected, floating-rate wealth management product. You are advised to consider various factors such as your own financial situation, investment objectives, and risk tolerance prior to making investment decisions.

  2. After you have subscribed to BTC Lending, your funds are locked. You can only redeem your funds after the product matures. The total deposit amount for BTC Lending is 100 BTC, and the minimum deposit amount is 0.1 BTC. The deposit must be a multiple of 0.1 BTC.

  3. The product is 30-day fixed-term which means you cannot exit until the product matures.

  4. The settlement period is 2 days, which means after the product matures, the principal and interest will be distributed to your account in 48 hours. (Please note that you will not earn interest during the settlement period.)

Thanks for your continuous support and love.

BigONE Team

January 22, 2020

Deposit:

USDT: Depositing USDT to participate, a minimum of 100 USDT deposit is required, and the investment amount must be a multiple of 100 USDT. The total pool size is 300,000 USDT.

BTC: Depositing BTC to participate, a minimum of 0.1 BTC deposit is required, and the investment amount must be a multiple of 0.1 BTC. The total pool size is 50 BTC.

EOS: Depositing ETH to participate, a minimum of 10 EOS deposit is required, and the investment amount must be a multiple of 10 EOS. The total pool size is 100,000 EOS.

ETH: Depositing EOS to participate, a minimum of 1 ETH deposit is required, and the investment amount must be a multiple of 1 ETH. The total pool size is 500 ETH.

Time:

The product will be available for deposit at 18:00, on Feb 4. (UTC+8)

The deposit window will close at 18:00, on Feb 5. (UTC+8)

Return:

USDT: The estimated annualized return of this fixed-term wealth management product is 6%.

BTC: The estimated annualized return of this fixed-term wealth management product is 3%.

ETH: The estimated annualized return of this fixed-term wealth management product is 5%.

EOS: The estimated annualized return of this fixed-term wealth management product is 3%.

Your principal and interest will be sent to your account within 24 hours after the event ends.

Note:

The Fixed-Term Wealth Management Products are 14-day fixed-cycle products, your profits will start to accumulate after the deposit period ends, and once deposit, you cannot exit until the events end.

The products do not charge for the management fees.

You can participate here

Thanks for your continuous support and love.

BigONE Team

February 3, 2020

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