DT Financial Management Subscription Phase 2 is officially launched
Link: https://dragonex.io/en-us/subscribe/index (https://dragonex.io/en-us/subscribe/index)
1. Financial management products Introduction
Currency: DT
Product Type: Fixed income type
Total amount: 50,000 DT
Financial cycle: 180 days (November 09, 2019 ~ May 07, 2020)
The annual rate of return: 30.00%
Subscription method: Pay DT on the subscription page
Redemption method:
① Automatic redemption on T+1 working days after maturity (the principal and interest are directly paid to the investor account and issued in USDT form)
② After the financial management product maturity, Investor A could receive principal + interest = {n * [50,000 * MA7(DT/USDT) * (1 + 30% * 180/365)]} / 50,000, (Investor A’s valid subscription amount of DT is n, MA7(DT/USDT) is the 7-day moving average price of the DT/USDT trading pair on the subscription date. The current MA7 (DT/USDT) is determined at 14:00 (UTC+8) on November 08, 2019.
2. Subscription Qualification
① Must complete the intermediate authentication before 00:00 (UTC+8) am on November 01, 2019
② DT average positions from November 01 to November 07, 2019 (daily random snapshot) ≥ 100.
Accounts that meet the requirements can subscribe the financial management product, and the subscription limit is 500 DT for each account.
3. Subscription
① When: November 8, 2019, 15:00~20:00 (UTC+8)
② How: Pay DT for subscription
③ Valid subscription statistics: at the end of the subscription
A. If total amount of subscription for all users ≥ total amount (50,000 DT), the user’s valid subscription amount = the user subscription amount * the valid subscription ratio (valid subscription ratio = total amount/ all user subscription valid amount * 100%, the platform will return the invalid subscription DT= the amount of subscriptions by a user* (1 — valid subscription ratio)
B. If the total amount of subscription for all users <the total amount, the financial interest will be calculated based on the total amount of subscription.
4, Redemption
Automatic redemption on T+1 working days after maturity, principal and interest are directly paid to investor account
Additional remarks
1. The DT financial plan series is expected to be released once a week (the specific release plan will be based on the actual operation results), DragonEx will continue to launch more financial management products and asset value-added services for all customers, please stay tuned.
2. DragonEx reserves the final right of interpretation
DragonEx Team
November 08, 2019
