Dear Valued Coincall Users,
“Auto Earning” is a product launched by Coincall to assist users with idle assets in generating income through coin earnings. It is simple, safe, and stable.
In the use of Auto Earning, there is no need for any "Lending," "Redeeming," "Borrowing," or "Returning" operations. The system takes a snapshot of the user's available USDT balance every minute and calculates and distributes interest income on an hourly basis.
Interest is earned to "Earn" and fees are deducted from "Loan".
“Earn”: Whether in the single-currency account mode or multi-currency account mode, the USDT currency's withdrawable balance in the account is considered an "Earn" if positive. The Earning amount is the entire withdrawable balance of the USDT in the account, used for interest calculation and distribution.
“Loan”: In the multi-currency margin account mode, when users engage in perpetual contracts or options, they may incur a USDT Loan due to insufficient net value of USDT assets, even if other currency assets are sufficient. This is referred to as "Loan".
Risk Warning:
1. In the Multi-currency margin account mode, if a user's USDT asset net value is insufficient, the user will automatically become a "Loan". When calculating the user's margin, the corresponding portion of the non-USDT currency assets will be frozen, and withdrawals will be unavailable. After the user closes the position, withdrawals can be made.
2. "Loan" users under the Multi-currency Margin mode get bankruptcy.
Specifically, when ∑(non-USDT currency assets * index price * discount rate) ≤ USDT loss amount, the platform's risk control engine will forcibly liquidate all non-USDT currency assets in the account and convert them into USDT to repay the debt. The user will have a record of the currency conversion in the account and receive an email notification.
Click to view the 'Auto Earning' product document.
Best regards,
Coincall Team
Up to 0 Spread Options Trading
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