Dear Pionex users:
Pionex launches PiHodl Investment which invests in BTC/USDT to earn BTC/USDT with low risk, Further details are below:
1. PiHodl Product Details
Note: After confirming the purchase, users are not supposed to cancel the PiHodl purchase. Besides, if users don't apply for redemption, investment and interest will be returned to Pionex PiHodl account once for all after the maturity date.
2. Qualifications for Purchasing PiHodl Service
There are some qualifications for PiHodl Service before the purchase begins.
Each 100 BUB can be qualified to purchase 0.1BTC/1,000USDT, and the amount less than 100 BUB will not be calculated.
If one user has 2350 BUB , the user can purchase 2.3BTC or 23,000USDT. After purchasing, 2300 BUB of qualification will be consumed and then will be eligible again until redemption.
3. Flowchart for Using PiHodl Service
Note: Subscription Format: First-come-first-served basis.
More info about purchase, renewal and redemption are as follows.
4. How to Purchase
Sign up first to obtain qualification for the purchase amount, then you can log in on Pionex to purchase a certain amount on the Investment Account page from the Balance page. The minimum amount is 0.01 BTC (or 100 USDT), and the investment amount should be the integer multiple of 0.01 BTC (or 100 USDT). The interest will be calculated from every Saturday after purchasing successfully.
5. How to Redeem
Apply for redemption before 04:00:00(UTC) every Friday. After the application is approved, the assets based on calculation of the weekly current value will be returned to the Pionex account before 04:00:00(UTC) on Saturday
Note: due to the problem of interest calculation, partial redemption is not supported for PiHodl Pro.
6. How to Renew
① Daily average assets (daily snapshots) in Pionex trading account last mouth should remain more than the half of PiHodl #1 holding amount.
② If the above condition is not satisfied, BUB can be used to deduct for renewal, 5 BUB for each BTC or 10000 USDT.
③ If the above two conditions are both not satisfied, it will be considered to give up the qualification to purchase PiHodl #1. and the assets for purchasing PiHodl #1 will be returned back to Pionex account on settlement date after snapshot in the week.
7. The Deadline For Purchase
According to the amount of application, Pionex reserves the right to end PiHodl purchase.
8. Expected Profits and Settlement
① Pionex will show the interest of the certain version(BTC/USDT) for PiHodl on every Saturday after purchasing.
② Users can apply for redemption or it will be automatically redeemed after 1 year.
③ The investment and interest will return to Pionex account once for all after the maturity date.
9. Comparing PiHodl Pro with PiHodl
10. The Risk Agreement
1. Pionex.com has launched the PiHodl service, which is supported as the idled cryptocurrency management service for users from Pionex.com.
2. Pionex.com provides risk management service for PiHodl users who have transferred assets to PiHodl investment plan, relying on the Pionex strict risk control system, which can fully ensure the security of assets and then gain profits comfortably.
3. When using the PiHodl service, users will unconditionally authorize Pionex.com to allocate and release assets reasonably according to the PiHodl rules of the platform.
4. When using the service, users should abide by the relevant national laws and ensure that the source of assets is legal and compliant.
5. When using the service, users should be fully aware of the risks in cryptocurrency investment and operate cautiously within your sphere of ability.
6. All investment actions made on Pionex.com by users represent the true investment intentions, and users shall unconditionally accept the potential risks and benefits associated with the investment decisions.
7. Pionex.com retains the right to suspend and terminate the PiHodl investment plan service, and the Pionex.com platform can suspend and terminate the PiHodl investment plan service at any time as necessary.
8. Pionex.com platform assumes no responsibility for the loss of assets due to some irresistible factors such as runaway or bankruptcy on third-party exchanges. At present, there are five arbitrage exchanges where the funds are located: OKEx, Binance, Huobi, BitMex, and BitFinex.
9. Because some irresistible factors such as network latency, computer system failure and, etc may cause PiHodl Investment plan to pause, stop, or deviate. Pionex.com will do our best to ensure the project but not promise PiHodl Investment plan system whether it can run stable and effective with these irresistible factors happens. Besides, If the final investment result is not the same as the expectations because of the above irresistible factors, which Pionex.com will not undertake any responsibility for.