TomoDEX Zero-Fee Lending Week

Worried about your unfilled lending and borrowing orders? Turned away by the borrower’s service fee?

TomoDEX
TomoDEX
Jul 15, 2020 · 2 min read

With the hope that everyone can lend & borrow freely on TomoDEX without having to worry about the fees, we’re excited to kick off TomoDEX ZERO FEE Lending Week from 15 July 10 am (UTC) ~ 22 July 10 am (UTC)

100% CASHBACK ON ALL YOUR SERVICE AND CANCELLATION FEES

This offer includes the following:

  • Get 100% cashback on your service fee for all your BORROW orders.

The maximum eligible order volume per address for service fee refund is 2,000 USDT or the equivalent of TOMO.

  • Get 100% cashback on your cancellation fee for all your LEND and BORROW orders. The maximum eligible order volume per address for the cancellation fee refund is 2,000 USDT or the equivalent of TOMO.

Simply drop us your wallet here to claim back all your fees!

Terms and conditions:

  • All the refunds will be sent in TOMO based on a fixed rate of 1 TOMO = 0.7 USDT. This rate will be applied for all calculations in this campaign regardless of the change in market price.
  • The cancellation fee refund and service fee refund will be calculated separately. All addresses are eligible for both types of refunds.
  • The service fee is 0.5% of the loan applied to borrowers once the orders are matched. The order cancellation fee is 0.05% of the loan applied to both lenders and borrowers once the orders are canceled. Find more about TomoDEX Lending Fee.
  • The LEND and BORROW orders have to be canceled or matched during Zero-Fee Lending Week to be eligible for the refund.
  • The refund request form has to be submitted by 22 July 11 am (UTC). All refunds will be sent by 25 July 11 am (UTC).
  • TomoDEX reserves the right to cancel or amend the Rules & Terms at its sole discretion. TomoDEX reserves the right of final decision in case of disputes.

Example:

Jack borrowed 1000 USDT at 8% interest rate for 1 day. The interest that he has to pay is (1000 x 8%)/365 = 0.22 USDT

Besides he would also have to pay a service fee that is 1000 x 0.5% = 5 USDT

In total, he paid 5.22 USDT.

However, he borrowed during #zerofee lending week, so he claimed back his 5 USDT service fee which is 5/0.7=7.14 TOMO.

About TomoDEX

TomoDEX is the first decentralized exchange (DEX) powered by TomoX protocol, operated by TomoChain Pte. Ltd. yet secured by the trustless TomoChain blockchain

Website: https://dex.tomochain.com/

Twitter: https://twitter.com/TomoDexOfficial

Telegram: https://t.me/TomoDEX_Official

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TomoDEX

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TomoDEX

TomoDEX is the first decentralized exchange powered by TomoX protocol. Operated by TomoChain Pte. Ltd. yet secured by the trustless TomoChain blockchain.

TomoChain

Welcome to TomoChain blog. Follow us to get the official news and good reads from TOMO team. Clap along if you feel like a room without a roof!