PIEXGO will launch the first PXG Vault Programme at 20:00, 17 May 2019 (UTC+8).
Period: 17 May 20:00 - 24 May 20:00 (UTC+8)
If a user spends 1,000 USDT purchasing 100,000 PXG with the average price 0.01 USDT, and locks the holdings for 30 days. On the following day, the user will get the PXG reward that is equivalent to 1,000 USDT * 12%／365*30 ≈ 10 USDT.
- If the average PXG price is 0.01 USDT during the lock-up period, the returned amount of PXG will be 10 USDT/ 0.01 = 1,000.
- If the average PXG price is 0.005 USDT during the lock-up period, the returned amount of PXG will be 10 USDT/ 0.005 = 2,000.
- If the average PXG price is 0.02 USDT during the lock-up period, the returned amount of PXG will be 10 USDT/ 0.02 USDT = 500.
In any case, the return of PXG Vault Programme remains constant comparing to USDT.
1. The PXG Vault Programme is a cryptocurrency product, with customised duration and rewards. It is a noncallable product that cannot be redeemed before the end date, except in cases of force majeure.
2. The tokens transferred into the vault will not generate any rewards on the first day, and T+1 will be the first reward date. The interest is calculated from the first reward date (T+1), and the principle + interest will be returned before 8:00 (UTC +8) on the next day from the end date, which will be automatically transferred to PIEXGO EXCHANGE account.
3. The USDT value of locked PXG holdings will be calculated based on the average PXG price on the first day. On the expiration day, the returned quantity of PXG will be calculated based on the average PXG price during the locked duration.
4. The average price is the average of the daily highest and lowest prices.
5. The PXG Vault Programme is only available on the website and will be available on App soon.
6. All rights are reserved by PIEXGO.
Thank you for your support for PIEXGO. Enjoy your trading.
16 May 2019