Mini Fund is a type of spot value-added product which supports instant transfer(deposit & withdrawal), users can transfer their idle currencies to Mini Fund account, and gain daily proceeds there. Mini Fund service has the advantages like more flexible deposit & withdrawal, shorter interests-cycle and smaller required-principal. Relying on the strict risk management system of CoinBene platform, users’ asset security on Mini Fund account will be highly ensured and thus users can gain proceeds at ease.
Use of Balance
Mini Fund assets will be used for CoinBene Margin-loan service. Currently, the currencies which users can trade via loan (Margin) are supported. In the future, it will be adjusted according to the needs of users.
The Rules of Deposit & Withdrawal
- Users can transfer in or out at any moment, the arrival is real time
- Interests will not be counted on the day of deposit, while proceeds will be counted from the next day; and proceeds will get credited on the 3rd day; Counts on the natural days
- After the Interests & Proceeds have been credited, they will be transferred automatically to the current account of Mini Fund and the calculation of interests will first start
- The Interests of assets that users transferred from the current account of Mini Fund will not be counted on the day of withdrawal
Allocation Rule of Interests
Loan in Margin is interest free now. The interest earned by all users of Mini Fund will be paid by CoinBene.
In the future, the Interests generated by Margin-loan service will be used for the Interests-allocation of Mini Fund’ users. Over 90% of total Interest income will flow into Interests-Pool, and will be allocated daily according to the ratio of users’ currency amount.