Dear Users ,
BitAsset will officially launch the “earn interest by holding assets” event at 12:00 on August 12, 2020, including USDT, BTC, ETH, EOS and the details are as follows.
Activity target: BitAsset KYC2 users
Activity time: 2020/08/12 12:00 - 2020/11/30 23:59 (GMT +8)
Activity rules:
1.Designated currency and the annualized interest rate during the event:
Currency annualized interest rate
|
Asset |
Annual Yield |
|
USDT |
5% |
|
BTC |
4% |
|
ETH |
4% |
|
EOS |
4% |
2.Period: 2020/08/12 12:00-2020/11/30 23:59 (GMT +8)
3.Interest calculation method:
BitAsset will take random snapshots of the above assets in users' spot account wallet four times a day for interest calculation.
The user transfers the asset before 24:00 (GMT+8) on day T, the interest is calculated on day T+1 and the interest will pay before 12:00 on day T+2. The system will calculate the interest based on the minimum value users hold on day T and day T + 1. No interest will be calculated on the day after doing withdrawal, transaction and withdrawal in the spot account wallet.
4.Interest calculation example:
For example, the user deposits 10,000 USDT to the spot account wallet on 8/11, transfers 2,000 USD to the contract account wallet on the same day. Simultaneously buys 0.5BTC at BTC 8,000 USD. At this time, the user's spot account wallet is 4,000 USDT, 0.5BTC.
If the asset amount is still maintained after all the snapshots on 8/12, the interest will be calculated according to 4,000 USDT and the interesa will be credited on 8/13.
5.BitAsset reserves the right to modify and terminate this activity at any time, any changes or detailed notes will be announced here without prior notice.
BitAsset
2020.08.11