“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.
Rules:
[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: 9500 USDT; Maturity date: Mar 27 2020; Duration: 30 days; Expected annualized return: 25.9%+N%; Deposit currency: USDT. Tommy deposits 9500 USDT subscription period.
On Mar 27, if the BTC settlement price falls below 9500 USDT,Tommy receives 1 BTC;On Mar 27, If [BTC/USDT settlement price] >12000 USDT, the return rate goes no limit. Unlimited revenue with a safe bottom of 12.11%. The expected annualized return rate = (settlement price -12000) / 9500/30 * 365. Tommy receives 9500 USDT + N% annualized return USDT, and the minimum is 9594.55 USDT.;
If 12000 USDT> [BTC/USDT settlement price] >10000 USDT, while if the price reached above 11000 USDT once at the duration, and Tommy receives 9500 USDT + 25.9% annualized return USDT for a total of 9702.23USDT; while if the price was never above 11000 USDT once at the duration, and Tommy receives 9500 USDT + 12.11% annualized return USDT for a total of 9594.55 USDT;
If 10000 USDT> [BTC/USDT settlement price] >9500 USDT, then amount over 9500 USDT multiplied by the constant k (k = 0.1892) is the income. Income = k * (P-9500) * purchase amount / 9500. Tommy will receive 9500 USDT + income, and the maximum is 9594.55 USDT.
Currency Received upon Maturity: If [BTC/USDT settlement price] >12000 USDT, the return rate goes no limit. Unlimited revenue with a safe bottom of 12.11%. The expected annualized return rate = (settlement price -12000) / 9500/30 * 365. (P+I) will be calculated by USDT. Settlement amount = [Purchase amount] + Expected annualized earnings.
Currency Received upon Maturity: If 12000 USDT> [BTC/USDT settlement price] >10000 USDT, while if the price reached above 11000 USDT once at the duration, and expected annualized return is 25.9%; while if the price was never above 11000 USDT once at the duration, and expected annualized return is 12.11%; (P+I) will be calculated by USDT. Settlement amount = [Purchase amount] + Expected annualized earnings.
Currency Received upon Maturity: If 10000 USDT> [BTC/USDT settlement price] >9500 USDT, then amount over 9500 USDT multiplied by the constant k (k = 0.1892) is the income. Income = k * (P-9500) * purchase amount / 9500, settled in USDT, settlement amount = purchase amount + income
Currency Received upon Maturity: If [BTC/USDT settlement price] ≤ 9500 USDT; (P+I) will be calculated by BTC.
