DragonEx will list DWQ/USDT trading pair at DX Zone, the details are as follow,
- Open Trading: 16:00 15th November 2020 (UTC+8)
- DWQ Introduction,
During this special time, users can acquire DWQ (DragonEx Withdraw Quota, 1DWQ=1USDT, users are able to withdraw 1USDT assets with 1DWQ) through trading, mortgage loan, deposit at DragonEx.
DWQ Acquire Algorithm:
- a) Through trading and mortgage loan,
DWQ= 【User A Contribution (Trading Fee + Mortgage Loan Interest*2%) 】/ 【All Users Contribution (Trading Fee + Mortgage Loan Interest*2%)】*【Daily Issued Total DWQ for Trading and Mortgage Loan】
- b) Through deposit,
DWQ= Valued in USDT*Weight
- a) The trading fee paid through discount points will not be included into DWQ calculation.
- b) The trading fee can be from Spot market, Leverage market and Futures.
- c) When users make withdrawal, the same value of DWQ will be consumed, 1DWQ=1USDT.
- d) If future profitability improves to the full reserve level, DragonEx will
- Cancel DWQ Acquire rule
- Burn all DWQ
- Cancel the requirement of DWQ for withdrawal
- Delist DWQ/USDT trading pair
Official announcement will be released in advance.
- Risk Disclosure:
Digital assets are high risk investment products, please make reasonable decisions and invest with caution.
Thank you for your support to DragonEx!
14th November 2020