New Quota of ONE Mortgage Lending

Dear BigONE users:

BigONE mortgage lending has recently opened an exclusive loan line of 200,000 USDT, and users who hold ONE can participate in mortgage ONE lending USDT. Details are as follows:

Participation rules:

• The quota participation conditions are: users holding 1 million ONE and above, and the number of holding days needs to be> 90 days (the cut-off time for calculating the holding days is August 16, 2020 00:00AM (GMT+8), and the single user's loan limit is 700 ~ 5000 USDT;
• The quota needs to be manually applied by qualified users. The application link: https://jinshuju.net/f/J58Loc; the deadline for application is 11:00 on August 17, 2020.
• The official will complete the review before 6:00PM on August 17, 2020 (GMT+8). After the review is passed, the participants will be determined in the order of registration.

Borrowing method:

• Eligible users will type ONE into BigONE official address: 0xb761fccc26f06c9ff0e4e6d113b9a415ebd61455;
• BigONE will airdrop to the user's corresponding USDT within 24 hours (that is, before 18:00 on August 18, 2020) according to the ONE pledge rate (this ONE mortgage loan only supports the borrowing of USDT).

Redemption method:

• The loan is regular, supports three periods of 1 month, 3 months, and 6 months, and does not support early repayment. The official will airdrop ONE to the corresponding account after receiving the loan assets.

Repayment address:

• USDT: 0xb761fccc26f06c9ff0e4e6d113b9a415ebd61455

Interest payment:

• The daily interest rate is 0.03%, which is directly deducted when borrowing, and early repayment is not currently supported. For example: mortgage 1 million ONE, the price of ONE is 0.0025 USDT, according to the 30% pledge rate, 750 UDT can be loaned, the interest is 5 USDT, then the platform will airdrop 745 USDT.

Margin call method:

• You need to continue to transfer ONE to your account (0xb761fccc26f06c9ff0e4e6d113b9a415ebd61455) and contact the official customer service.
• Note: If the price drops to the liquidation price, the liquidation operation will be executed. If the margin is added within 24 hours, the position will not be liquidated; the official will notify the liquidation price by email. If a liquidation occurs, the mortgaged ONE will no longer be returned .

Pledge rate:

• Pledge valuation and liquidation price calculation will be based on the price when the user transfers ONE to the official account;
• The start time of interest calculation is: the time when the user receives the loan asset;
• If the user interest return is overdue, additional interest will be charged at 0.2% per day, that is, the corresponding ONE will be deducted at the closing price of the daily ONE;
• Risk ratio = (borrowing amount + interest + late payment fee) / pledged property valuation.

Note:

• This lending method will liquidate the position in accordance with the existing rules. If the price drops to the liquidation price, the liquidation operation will be executed.
• The ONE pledge rate is 30%, the early warning line is 70%, and the liquidation line is 80%.
• BigONE has opened a total loan amount of 200,000 USDT this time, which means that all users can lend up to 200,000 USDT through mortgage ONE.
• More loan lines will be opened from time to time in the future, please refer to the product page for personal loan lines.

Learn more: B2C lending and ONE mortgage lending, B2C lending FAQ

BigONE, more than just asset security.

Best regards,

BigONE Team

August 14, 2020