“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: 9000 USDT; Maturity date: Feb 28 2020; Duration: 7 days; Expected annualized return: 12.58%~34.76%; Deposit currency: USDT. Tommy deposits 9000 USDT subscription period.
On Feb 28, if the BTC settlement price falls below 9000 USDT,Tommy receives 1 BTC;On Feb 28, If [BTC/USDT settlement price] >9000 USDT, while if the price reached above 9800 USDT once at the duration, and Tommy receives 9000 USDT + 34.76% annualized return USDT for a total of 9059.99USDT; On Feb 28, If [BTC/USDT settlement price] >9000 USDT, while if the price was never above 9800 USDT once at the duration, and Tommy receives 9000 USDT + 12.58% annualized return USDT for a total of 9021.71 USDT;