“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.
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.
Ex. Linked Price: 4000 USDT; Maturity date: Mar 27, 2020; Duration: 9 days; Deposit currency: BTC.
Tommy deposits 1BTC in subscription period. On Mar 27, if the BTC settlement price falls below 4000 USDT, Tommy receives 1 BTC+ (4000-settlement price)USDT;
If the BTC settlement price didn't fall below 4000 USDT, and 4000 USDT< [BTC settlement price] ≤6500 USDT, Tommy will receive extra reserve fund of 5 USDT. Settlement amount = 1 BTC +5 USDT.
If [BTC settlement price] ≥6500 USDT, settlement crypto will be USDT, and Tommy will receive 6500 USDT.
