Borrow With Ultra-Low Interest for Leverage Activity Is Coming!

To celebrate the launch of the ZEC, XTZ, DASH, and ETC margin trading pairs on the KuCoin Margin Trading platform, we will be launching a Ultra-Low interest borrowing activity from 22:00 on February 27, 2020 to 22:00 on March 9, 2020 (UTC+8).

Activity 1: Borrow with Zero Interest for New Leverage!

KuCoin will lend ZEC, XTZ, DASH, and ETC at 0 interest rate in the 28-day term funding market. Users who borrow ZEC, XTZ, DASH, and ETC during campaign period from the KuCoin official account will enjoy a daily interest rate of 0.

Activity 2: Borrow With Ultra-Low Interest for USDT!

KuCoin will lend USDT at a 0.02% interest rate in the 28-day term funding market. Users who borrow USDT from the KuCoin official account during campaign period will enjoy a daily interest rate of 0.02%. A total amount of 2,000,000 USDT will be lent during the activity.

Activity 3: Margin Trading Competition!

During the event, the top 20 users with the highest leveraged transaction amounts will be able to get a 90% discount on the lending rate to borrow USDT for one month. KuCoin will provide a loan amount of 1,000,000 USDT and each user's loan amount is calculated according to the proportion of one's transaction volume versus the effective leveraged transaction volume of all top 20 users.

Reward for top 20 users borrowing limit calculation rule = (Each user’s total margin trading volume / Top 20 users’ total margin trading volume) × 1,000,000 USDT

Reward for top 20 users interest calculation rule = Borrow USDT interest rate * 10% * Users borrowing limit * Borrowing days

Usage Time: From 22:00 on March 10, 2020, to 22:00 on April 9, 2020 (UTC+8)

Top 20 Reward Distribution Rules:

For the Top 20 users, KuCoin will calculate the borrowing amount every week and return the discount part by airdrop every Friday.

Note:

• Margin trading volume: buys + sells volume.
• Margin trading volume calculation: statistics on the daily closing price at 12:00 (UTC+8) in USDT for each leveraged transaction
• The Sub-Accounts and Master Account will be treated as the same account when participating in the activity.
• KuCoin will update the Top 20 real-time rankings before 21:00 on March 2, 2020 (UTC+8). The final rankings will be updated within 3 days of the competition ending.
• The trading activity on the platform will undergo rigorous inspection during the activity. For any malicious acts conducted during the period, including malicious transaction manipulations, illegal bulk registration of accounts, self-dealing, etc., the platform will cancel the qualification of the participants. KuCoin reserves all rights to exercise at its sole discretion to define if the transaction behavior is counted as cheating behavior and determine whether to cancel the participation qualification of a user. The final decision made by KuCoin is with a legal binding force to all participants who participated in the competition. Users hereby confirm that their registration and use of KuCoin are voluntary and are not forced, interfered with, or influenced by KuCoin in any way.

*Margin Trade

Risk Warning:

Margin trading refers to the practice of borrowing funds with a relatively lower amount of capital to trade financial assets and obtain bigger profits. However, due to market risks, price fluctuations, and other factors, you are strongly recommended to be prudent about your investment actions, adopt an appropriate leverage level for margin trading, and properly stop your losses in a timely manner. KuCoin assumes no responsibility for any losses arising from the trade.

KuCoin reserves all rights to the final interpretation of this announcement.

The KuCoin Team