OKEx releases a report saying, it will be launching the OK PiggyBank (Web Client only) on Nov 26(CET) at 4 am. The special intention of designing this new product is to provide users with a tool to make daily profits even in the current market.
Along with enjoying the daily rewards, users can also transfer assets to and from the PiggyBank instantly without any minimum limit. Currently, the OK PiggyBank is available only for users with an invitation code. OKEx also announces the change of the Margin Trading Rules at the same time.
Details to changing rules include:
- Interest emanates on an hourly basis instead of daily to lower users’ cost.
- The daily interest rate updates on an hourly basis according to the demand and supply in real time.
- The interest rate for borrower revises once in 24 hours.
- Interest is repaid in every 7 days and there will not be any limit on the loan period.
The OKEx Margin Trading Rules include:
- The General
- Margin Trading Glossary
- Margin Trading
- Settlement and Delivery
- Risk Control
- Trading behavior
- Additional Terms
OKEx tweets regarding OK PiggyBank. Saying it is quite a simple process, you need to just deposit your spare tokens into the Piggybank and then you’ll get rewards.
The private beta release of OK PiggyBank will be launched on Nov 26! Simply deposit your spare tokens to the PiggyBank and you'll get daily rewards. Details: https://t.co/4kEygpH5LE pic.twitter.com/GMusoxCpCf
— OKEx (@OKEx) November 22, 2018
The OKEx- Token Margin trading-token Lending service user Agreement and provides complete information on the OKEx Margin Trading Rules. Also, there is also a detailed guide on How to activate OK PiggyBank.
Stay tuned for more details of OK PiggyBank that is going to be Live on Nov 26 @ 4 am (CET). Share your thoughts on OKEx changing the Margin Trading Rules.