Is it true Eric that the interest rate for the Wallet will be lowered to 3% from the current 6% on January 4?
I guess the reason but it would be nice to hear a justification from the company if it's true and possible of course.
I guess the reason but it would be nice to hear a justification from the company if it's true and possible of course.
Where did you see this reported? Usually Eric shares that type of information here first. That would be a bummer if it was true.
I think that I will not reveal here a secret. It is a pity that we do not have that information here. On Twitter, there is no such information too.
After login to the wallet on the left side you have Bulletin Board: Announcement regarding adjustment to trading commision and Finance interest:
"Announcement regarding adjustment to trading commission rate and Finance interest rates.
Due to a change in business conditions, HaoBTC has decided to adjust the commission rates for its CNY - BTC exchange and interest rates for the flexible term interest rates, aka Wallet. The trading commission rate will be increased from the current 0.1% to 0.2%, whereas the interest rates for the Wallet will be lowered to 3% from the current 6%. The two changes will be implemented starting on January 4. "
Indeed, I found it too on to the bulletin board: https://www.bikeji.com/t/3012 (no need to log in to read)
Meh
, not really surprised though.The high interest rate (7% at start up and than later 6%) was to attract new users.
I'm sure Eric will post some feedback about it in the next couple of days.