Product introduction
BitGrow [30D] is a low-risk asset management plan that gives users stable returns of their cryptocurrency through quantitative transaction trading.
Today, we are introducing BitGrow Flexi, where users can grow and withdraw their digital assets any time. Users can transfer their idle digital assets from the Cloud Wallet to BitGrow Flexi. In return, they will be able to grow their respective cryptocurrencies on a daily basis. BitGrow Flexi is low-risk, has no minimum deposit and users can withdraw at any point of time. Under Cobo’s supervision, BitGrow Flexi value-added service is supported by KANGA FINTECH PTE. LTD.
Transfer Rules
- Users must be KYC Level 3 or above
- At any point of time, users can transfer their digital asset from Cloud Wallet to BitGrow Flexi.
- Deposits before 8:00am (GMT +8) on a given day ("T") will begin accruing immediately. Deposits made after 8am begin accruing the next day (“T+1”).
- When withdrawing, you can choose Instant Withdrawal or Standard Withdrawal.
- Instant Withdrawal
Withdrawal is immediate. Limited instant withdrawal, i.e xx BTC. Reward for that day will be forfeited.
- Standard Withdrawal
Effective withdrawal will take place before 23:59 (GMT+8) on the day after (“T+1”) for a withdrawal request on a given day (“T”). No limit for Standard Withdrawal. Reward for T day will be credited.
- BitGrow Flexi follows a progressive rate ladder. The longer your coins sit in BitGrow Flexi, the higher the rate you receive. For each additional 7 days that your coins grow, your return rate increases by 0.1%. After 365 days, you will receive the maximum rate available for the coin. For example, ETH Flexi Plan rates begin at 2% and grow over the course of a year.
|
Initial Rate |
7 Days |
14 Days |
28 Days |
... |
365 Days |
420 Days |
730 Days |
|
2% |
2.1% |
2.2% |
2.4% |
... |
7.2% |
7.2% |
7.2% |
BTC Flexi Plan rates begin at 3.2% and grow over the course of a year.
|
Initial Rate |
7 Days |
14 Days |
28 Days |
... |
365 Days |
420 Days |
730 Days |
|
3.2% |
3.3% |
3.4% |
3.5% |
... |
8.4% |
8.4% |
8.4% |
Deposit Limit
- Each BitGrow Flexi plan has a total market limit. Therefore, Cobo users can only deposit the amount of cryptocurrency left available in the market pool or their personal cap, whichever is lesser.
- A max cap is imposed on the amount of cryptocurrency a user can purchase per BitGrow Flexi plan. For example, user can only purchase a maximum of 2000 EOS for the EOS BitGrow Flexi plan.
- The daily withdrawal limit for instant withdrawal is half of the max personal purchase cap.
