Hotcoin Loans Adds BTC, ETH as Collateral Options and Make Loans of USDT

Fellow Hotcoinners,

Hotcoin has added BTC and ETH as options to use as collateral to borrow on the Hotcoin Loans platform, while we’re making the USDT as loans at the same time. Details of the product is listed as following:


1. 2 cryptos are added in the Crypto Loans area：BTC & ETH

① The Initial LTV of BTC is 65%,with the Margin Call 75% and Liquidation LTV is 83%；
② The Initial LTV of ETH is 65%,with the Margin Call 75% and Liquidation LTV is 83%；

2.1 borrowable crypto is added in the Crypto Loans area：：USDT

The total borrowable amount of USDT is 200,000, with 100 USDT as minimum borrow amount for each time and 110,000 USDT as the maximum borrow amount for each time; and 10.8% APY for each interest rate cycle (Daily interest rate=0.03%).

Thank you for your supporting and trusting to Hotcoin! We're looking forward to your valuable suggestions!

Hotcoin
Feb.24th ,2022

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Hotcoin reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.