“BTC Hedging” is a new digital currency value-added service available to users of Cobo Cloud Wallet. Users can deposit BTC to subscribe. Earn revenue with an insured product.Get covered against loss of Bitcoin value.
[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: 8500 USDT; Maturity date: Mar 13, 2020; Duration: 7 days; Expected annualized return: ～306.72%; Deposit currency: USDT.
Tommy deposits 8500 USDT subscription period. On Mar 13, if the BTC settlement price falls below 8500 USDT, Tommy will get USDT revenue, and the AYR is between 6.13% and 306.72%
If 8000USDT≤[BTC/USDT settlement price] ≤8500USDT, and the expected annualized return rate = (8500-settlement price ) / 8500/7 * 365, Max. annualized return is 306.72%. Tommy receives 8500 USDT + N% annualized return USDT, and the maximum is 9000 USDT.;
If 7500USDT≤[BTC/USDT settlement price] ≤8000USDT, and expected annualized return is 6.13%-306.72%,and the expected annualized return rate = (settlement price -7500) / 8500/7 * 365； Min. annualized return is 6.13%.Tommy receives 8500 USDT + (6.13%-306.72%) annualized return USDT for a total of (8509.99～9000) USDT
If [BTC/USDT settlement price] ≤7500USDT, and expected annualized return is 6.13%, and Tommy receives 8500 USDT + 6.133% annualized return USDT for a total of 8509.99 USDT
If the BTC settlement price does not fall below 8500 USDT, then there is no extra revenue, all 8500 USDT in the subscription will be returned.