Dear hcoin users:
In order to enrich the ecology and business, as well as to better serve the majority of users, so that everyone can improve their asset utilization rate and get more investment returns, we launched the pledge money loan business. Hcoin launched the "money pledge loan" business at 20:00 on May 20, 2019. This business can only be operated on hcoinapp!
Mortgage money loan, that is, to obtain a certain proportion of funds by mortgage of temporarily idle or non cash out digital assets (BTC, ETH, EOS, hcoin), so as to improve the utilization rate of this part of assets and enable investors to obtain more investment returns.
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Why do users use the function of pledge money and loan?
A: you may not want your currency to be sold at a low price. If you are short of liquidity at this time, it will be a bit tricky Now you can choose to mortgage the digital assets you are not willing to sell at hcoin, then borrow a certain proportion of usdt (stable currency anchored in USD) or hkdt (stable currency anchored in HK dollar), and then withdraw the working capital through OTC transactions This satisfies the demand that you don't want to sell money and you want to get working capital.
Why choose to use the hcoin platform's pledge currency loan function?
1. Low threshold: you only need to register an account and bind Google to verify, complete kyc2 certification, and then transfer it into the mortgage assets to successfully borrow money There is no need for the traditional industry mortgage loan qualification audit and other cumbersome processes It is convenient, fast and easy to operate.
2. Loan with return: mortgage the digital currency (BTC, ETH, EOS, hcoin) you hold, and you can borrow a certain proportion of the funds, which can be withdrawn or used for other investments The redemption method is simple. Based on the principle of what currency is borrowed and what currency is returned, the mortgaged digital assets can be redeemed immediately after the borrowed assets are returned.
3. Quick receipt: just enter the quantity of mortgage currency, select the type of borrowing currency, and enter the quantity of borrowing currency, then the currency can be borrowed successfully and the account will be received in one second.
4. Security guarantee: with Hong Kong Chunda capital as the asset security service, you can safely mortgage your assets on the hcoin platform, borrow funds to obtain more market investment opportunities and return on investment.
You may have the following questions:
Q: will the hcoin platform charge a service fee for using the money pledge business?
A: when users come to hcoin platform to pledge money and loan, we will not charge any service fees For the lent assets, we will charge a certain amount of interest according to the actual borrowing time of the user according to the daily interest rate of 0.03% Interest = loan asset * daily interest rate * days.
Q: how long is the maximum borrowing time?
A: the maximum borrowing time is 360 days. If the currency has not been returned when it expires, the platform will trigger the closing mechanism to return the currency.
Q: what is close out? What is the impact of close out on my assets?
A: to close a position means to calculate the registered price of the currency mortgaged by the user according to the real-time market depth and sell it to return the principal and interest of the borrowed currency. After closing the position and returning the borrowed currency principal and interest, if there is any remaining fund, the platform will return this part of fund to the user's account.
Q: pledge rate and closing conditions?
A: pledge rate = total amount owed / current market value * 100%. Total amount owed includes loan amount + Interest + overdue. Current market value refers to the current selling price of your digital currency assets on the exchange. When the pledge rate is ≥ 95%, we will be out of position. When the pledge rate is ≥ 50, we will remind you to make up the position;
How to return the borrowed assets?
Answer: the principle of returning currency is to return what currency borrowed. Return quantity = lent assets + interest.
Dear hcoin users: