Dear BW users:
BW adheres to the principle of serving users as the first concept, and constantly optimizes and improves the trading experience of various products for the majority of users, so that users have more operation space and investment value. BW is now launching a two-way borrowing function for margin trading. At the same time, we are holding "Participate in margin trading and two-way borrow the tokens to receive 10 USDT trial bonus " event. The specific function and event details are as follows:
What is two-way loan?
Users holding base token can borrow both quote token and base token. Take BTC/USDT for example, users can borrow USDT with BTC or BTC with USDT, saying goodbye to the one-way loan mode like with BTC borrowing BTC, or with USDT borrowing USDT.
1. The amount of base token that can be borrowed = (the amount of base token + the amount of quote token * market price) * (Max. 20-1)-the amount of borrowed base token-the amount of borrowed quote token * market price
2. The amount of quote token that can be borrowed = (the amount of quote token + the amount of base token / market price) * (Max. 20-1)- the amount of borrowed quote token - the amount of borrowed base token / market price
Take BTC / USDT for example
1. Tom wants to borrow BTC, but only has 10,000 USDT, 0 BTC. The current BTC price is 10,000 USDT. The USDT Tom has is converted into 1 BTC. At this time, according to the formula 2 above, Tom can borrow up to (0 + 1) X (20-1) -0-0 = 19 BTC.
2. Jerry wants to borrow USDT, but only has 1 BTC, 0 USDT. The current BTC price is 10,000 USDT. The BTC Jerry has is converted into 10,000 USDT. According to formula 1 above, Jerry can borrow up to (0 + 1x10,000) X (20-1) -0-0 = 190,000 USDT
1. Every day, the first 20 users who participate in margin trading and two-way borrow can receive 10 USDT trial bonus with screenshots after adding customer service telegram (https://t.me/IvonLiu)
2. The trial bonus cannot be withdrawn, but the profit part can be withdrawn in full.
3. Event time: 9AM on December 24, 2019 (UTC+8) – 9AM on December 27, 2019 (UTC+8)
1.BW reserves the right to cancel or modify any Event or Event Rules at its sole discretion.
2.Risk warning: Cryptocurrency investments are subject to high market risks. BW is not responsible for any direct or indirect losses caused by competition in the transaction. Please be cautious in investing.
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BW, Bit World, Better World
BW.com Global Operations Team
December 23, 2019