Dear community users,
In order to expand the scale of leveraged loans and enhance the competitiveness of the platform, FCoin will implement the floating rate on leveraged loan from December 28, 2018 (UTC time). FCoin will flexibly adjust the daily interest rate of loan based on leveraged loans.
I. Leverage loan floating rate adjustment mechanism
1. The interest rate of leveraged loan is subject to a floating interest rate, and the maximum daily interest rate will not exceed 0.1%.
2. The interest rate adjustment is weekly based, which means FCoin will adjust the interest rate according to the market conditions on each Monday.
3. In the new cycle after each adjustment, all loan users (including those who have previously borrowed and borrowed later) will be charged the interest at the new interest rate.
II. The first interest rate adjustment
1. The first interest rate adjustment cycle starts from December 28, 2018 to December 30, 2018, the new daily interest rate of this week is 0.08%.
2. Starting from December 31, 2018, it will enter the second interest rate adjustment cycle. The loan interest rate for the following weeks will be announced each Monday.