DragonEx will launch Mortgage Loan service on the website at 16:00(UTC+8), April 18, 2019. Users can borrow USDT from Special DT Investment Fund by using BTC, ETH, EOS and DT as the mortgaged property.
To celebrate the launch of the new service, DragonEx holds a activity that participants have chance to enjoy preference.
Period: April 18 - April 28, 2019
During the activity, participants who use the Mortgage Loan service for 15 days can enjoy the favorable interest.
- The favorable interest means that DragonEx deducts 8-day interest and the borrower can enjoy 7- day free interest if the loan period is 15 days.
- Only when the loan period is 15 days can participants enjoy the preference.
- During the activity, DragonEx will deduct 15-day interest at first and refund 7-day interest to the borrower’s account within 1 working days after the loan is repaid by the borrower.
- In Borrower’s each account, only one ongoing loan at the same time for the same mortgaged token is allowed.
- If the mortgaged token is DT, it still enjoys daily dividends during the loan.
- Repaying in advance is not supported.
- The borrower who don’t repay on time can’t enjoy the preference and is obligated to prepare for sufficient funds for the repayment before the repayment date. Otherwise, DragonEx will force to take the mortgaged property back.
- DragonEx reserves the final right to interpret the details of the service and activity.
April 17, 2019