Dear Community Users:
To further improve the user experience of the leveraged loans business, FCoin will adjust the interest calculation rules from "Daily Interest" to "Hourly Interest" from 16:00 (GMT + 8) on January 13, 2020. The new interest calculation rules are as follows:
1. Hourly interest = original daily interest rate / 24 * total borrowing amount;
2. Interest is calculated from the time the loan is initiated. Interest is calculated for one hour if it is less than 1 hour;
3. The interest is calculated every 1 hour and accumulated after the borrowing initiated.
Note: The interest of users who have borrowed before 16:00 on January 13, 2020 will be calculated by the hour after the 24 hours of borrowing.
For example, if a user initiates a loan at 12:03 on January 13, interest will still be calculated according to the original interest calculation rules within 24 hours, and interest will be calculated on an hour basis at 12:03 on January 14.
Risk reminder: Leveraged trading is relatively risky. Please conduct leveraged trading under the acceptable risk range and make investment decisions prudently.
January 11, 2020