Bgogo will launch the first phase of Bgogo savings at 14:00 (UTC+8) on September 19, 2019, a 14-day period USDT-based wealth management service.
See further details below:
Deposit Format: First-come, first-served basis.
Deposit Period: From September 19, 2019, 14:00 (UTC+8) to September 21, 2019, 14:00 (UTC+8)
Yield Calculation Period: September 21, 2019, 14:00 (UTC+8) to October 5, 2019, 14:00 (UTC+8)
Yield Payout Time: Automatically issued on Redemption date
Wealth Management Asset Details (deposit now)
|Digital Asset||Term to Maturity||Total Cap||Individual Cap||Annualized Interest Rate||Lot Size||Yield per Lot at Maturity|
|USDT||14||500,000USDT||50,000 USDT||8%||20USDT||0.06136 USDT|
If user Alice deposits 5 lots of a total 100-USDT (14 days) service, according to the list above, after the service expires, Alice will receive an interest of 5 lots*0.06136USDT = 0.3068USDT.
1.) What are the details of Bgogo Savings?
Cap per lot: Fund amount corresponding to each lot. 1 lot is the smallest unit purchasable.
Individual cap: The Maximum limit one can deposit.
Yield per 100 USDT: The interest accrued from a deposit of 100 USDT on Bgogo savings (5 lots), hold for a 14-day period.
Value date: The date when the product start accruing interest. On this day, the funds that were frozen for deposit will be deducted from your account.
Redemption Date: The end date of the product period. On this day, you will be able to redeem the principal amount of funds used to deposit the selected product, plus the accrued interest.
2.) What qualifications do I need to participate in Bgogo Savings?
It may vary for different phases.
3.) What happens to my funds on day 1 when I participate in Bgogo Savings?
On the day of deposit, Bgogo Savings will freeze the fund amount allocated to the Bgogo Savings, regardless of the amount of time between that day and the value date. This is to ensure your participation.
4.) What happens to my funds on the redemption date?
On the redemption date T+1, your principal amount and interest will be automatically accrued in your Bgogo account.
5.) Am I guaranteed to earn interest on Bgogo Savings even if the crypto markets go down?
Yes, the yield is guaranteed.