From 11/21/2019 8:00 P.M. (GMT+8), deposit BTC, ETH, and USDT to receive 20% annualized deposit rewards. All are welcome upon arrival, sign up is not required.
Event is divided into two parts: “Deposit Reward” and “Custody Reward”.
I. Deposit Reward
During the event, deposit BTC, ETH, and USDT into your Bibox account to unlock 12% annualized rewards. 30% of the aforementioned reward (3.6% annualized return) is distributed every day, 70% of the reward (8.4% annualized return) will be distributed into users’ accounts after they participate in the “custody reward” event. If users make a withdrawal during the event, the platform will take out part of the reward; if, however, the funds are transferred to accounts other than “My Wallet”, the transferred amount will still be able to receive 0.1% annualized return.
II. Custody Reward
The custody reward will be determined by users’ choices in custody strategies, guaranteed interest, 8% minimum ROI, and 100% platform follow-investment, etc. Users should exercise discretion in choosing custody products according to their circumstances.
User A deposited 100 BTC and 200 ETH during the event. The calculated returns according to 12% annualized return will be 0.0328 BTC and 0.0657 ETH respectively. Of the reward, 30% will be distributed every day and the rest will be given out on the day the user transfers the 100 BTC and 200 ETH into “Asset custody”. User A’s Stage one cumulative reward, therefore, is 1 BTC plus 2 ETH. Once “Asset custody” had ended, User A will receive his or her custody reward, the lowest return being 0.666 BTC and 0.133 ETH.
User A will receive 1.666 BTC and 2.133 ETH throughout the whole event.
If User A does not transfer assets to the custody strategy after Stage one, or if the amount of funds in custody is less than the deposit amount, then only 3.6% rewards of Stage one will be awarded.
The above example is for reference only.
1. Event time: Starting from 11/21/2019 8:00 P.M. (GMT+8). There will be another announcement before the event concludes.
2. Participation: You are automatically deemed eligible if you deposit BTC, ETH, USDT to your Bibox account during the event.
3. Event Rules:
- After you deposit, rewards will be settled from D+1 day. The rewards of the previous day will be distributed at 11:00 A.M. every day (GMT+8)
- Please refer to the official announcement for the closing time of Deposit Reward event. The deadline of deposit reward distribution is 12/22/2019 (GMT+8). The sooner you make deposit the longer you can enjoy the 3.6% annualized rate of return.
- “Custody Rewards” event time is subject to the final product.
- Participants will need to complete registration and fund their accounts before 11/20/2019 (GMT+8).
- Confirm your participation in custody strategies, make sure your custody amount is no less than the total deposit amount during the event. Users can choose one of all custody strategies.
- The reward will be distributed in the deposited token. Deposit BTC to earn BTC reward.
- During the event, a user’s deposit volume is accumulative, with unlimited frequency and amount.
- Fund transfers between different Bibox accounts do not count as deposit volume.
- Participating in this event will not affect withdrawal functions for users and their assets will not be locked. If a user’s withdrawal amount exceeded his or her deposit amount, it will be viewed as an automatic withdrawal from all deposit rewards.
- Please transfer your assets to "Asset Management" event before 12/27/2019 (GMT+8), otherwise the system will waive the remaining 70% annualized rate of return rewards.
- The minimum deposit reward is 0.000001.
- Bibox reserves the final interpretation rights of this event. We will disqualify those who are found cheating.
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