In order to test the market demand for financial functions, DragonEx will subscribe for USDT wealth management on October 16, 2019.
The specific rules are as follows:
1. Introduction to wealth management products
Cycle: 30 days (October 16, 2019 - November 15, 2019),
Annual rate of return: 15.00% (interests earned at a rate of 1.2328USDT for each successful subscription of 100USDT)
Subscription method: Pay USDT from the subscription activity page (expected to launch at 14:00 on October 16, 2019 (UTC+8 )).
Redemption method: automatic redemption at maturity (the principal and interest are directly paid to the bank account)
2. Subscription qualification
2.1. need to complete intermediate authentication
2.2. account subscription limit is determined by the DT average position (daily random snapshot) from October 9th to October 15th, 2019:
A. Accounts with an average position ≥100 & average position <1000, the subscription limit range (100-1000USDT, including 1000USDT);
B. Accounts with an average position ≥1000 & average position <10,000, the subscription limit range (100-10,000 USDT, including 10,000 USDT);
C. Accounts with an average position of ≥ 10,000, the subscription limit range (100~100,000 USDT, including 100,000 USDT);
3.1. time: October 16th, 2019, 15:00-20:00 (UTC+8);
3.2. method: the user subscribes by paying USDT;
3 Effective subscription statistics: At the end of the share subscription,
A. If the amount that all users subscribe for ≥ total amount, the user's effective subscription quantity = the user subscription quantity * the effective subscription ratio (effective subscription ratio = total amount / all user subscription quantity * 100%, the platform will return the invalid subscription part USDT = some User subscription quantity* (1 - effective subscription ratio)).
B. If the amount that all users subscribe for < total amount(1,000,000 USDT), the share interest will be calculated according to the total amount subscribed.
4. Redemption at maturity：
automatic redemption on the maturity date, principal and interest directly issued to the account holder
5. supplementary instructions
- The current Financing Management is set up to test the market demand for Financing Management. The financing management product plan is applicable to live deposits, C2C mortgage loans, funds, etc. Please stay tuned.
- The final interpretation of this activity belongs to the DragonEx team.
October 09, 2019