“Chaodi Ying” is a new digital currency value-added service available to users of Cobo Cloud Wallet. Users can deposit USDT to subscribe. Currency received upon maturity will be decided by BTC linked price. It offers an opportunity to obtain the alternate currency at a lower price.
[Purchase Limits] Each user may have a purchase limit refer to the product details page.
[Time Duration] This product is released on an ad-hoc, limited-time only basis. To be notified of new plan options, please follow our official announcements.
[Lock Cycle]The lock-in period of this product is subject to the product page. Plan purchases cannot be refunded.
[Gain Calculation] Gains will be calculated from the following day after the end of subscription date. Initial assets + gains will be transferred automatically after maturity date to users’ wallets.
** The expected rate of return mentioned in this product refers only to gains calculated in USDT. Cobo does not bear the risk of changes in the market value of USDT vis-a-vis other currencies.
Ex. Linked Price: 11000 USDT; Maturity date: Mar 27 2020; Duration: 37 days; Expected annualized return: 152%; Deposit currency: USDT. Tommy deposits 9500 USDT subscription period.
On Mar 27, if the BTC settlement price falls below 11000 USDT,Tommy receives 1 BTC;On Mar 27, If [BTC/USDT settlement price] >11000 USDT, and Tommy receives 9500 USDT + 152% annualized return USDT for a total of 10963.78 USDT
Currency Received upon Maturity: If [BTC/USDT settlement price] < 11000; (P+I) will be calculated by BTC. (P+I) will be calculated by BTC. Settlement amount = [Purchase amount] / 9500 USDT