Please carefully read the following terms and conditions before using the margin loans services. By accepting these terms and conditions, you agree to comply with all provisions set forth below as well as the terms and conditions governing loans on our platform:
1. Definitions:
- Net Value: Refers to the total value of all tokens and cryptocurrencies a client holds in their portfolio, converted to USDT (Tether) at their current market value.
- Collateral: Collateral is equal to the Net Value minus QIAs and funds used as collateral in a conventional credit.
- Margin: Margin is collateral divided by the sum of the credit amount plus accrued interest. It must not be less than 120% of the credit amount at any time.
2. General Conditions:
- By accepting these terms and conditions, the client acknowledges and agrees that they have fully read and understood the terms and conditions set forth.
- The client must have an active and verified account on our platform to access margin loan services.
- The client agrees to provide accurate and up-to-date information about their token and QIA portfolio when applying for a margin loan.
- The client understands that the maximum credit amount is subject to changes based on the value and availability of QIAs in their account.
- The client acknowledges that they are responsible for monitoring and maintaining the required margin for their credit at all times. If the margin falls below 120% of the granted credit amount, Quantia reserves the right to liquidate the collateral and take necessary measures to recover the borrowed funds.
- The client understands that interest will accrue daily and will be paid on the maturity date or in case of early cancellation.
- The client accepts that failure to comply with any of the terms and conditions set forth may result in the termination of the credit and the initiation of relevant legal actions.
- Quantia reserves the right to modify these terms and conditions at any time and will notify the client of any changes via the email registered on our platform.
- Quantia is not liable for financial losses or damages that may arise from the use of margin loan services.
3. Amount:
The maximum amount that can be obtained will be equal to the quantity of available QIAs in the client's account, provided that the collateral condition is met. At no time can the margin be less than 120% of the credit amount.
4. Term:
The credit will be granted for a period of 6 months and will be automatically renewed unless the client indicates otherwise via the support chat or email before the renewal date.
5. Interest Rate: The interest rate will be fixed for the first 6 months. In case of credit renewal, the rate will be recalculated based on market conditions at that time. Interest will accrue daily.
6. Cancellation: To cancel the credit, the client must contact us via the support chat or email. The credit amount plus accrued interest up to that day inclusive will be deducted from the client's account. There are no additional charges or penalties for early cancellation.
7. Renewal: After 6 months, if the credit has not been canceled, it will be automatically renewed. The new interest rate and conditions will be communicated to the client via email at the time of renewal.
8. Usage: The amount granted as credit cannot be withdrawn from the platform; it can only be used within the platform for trading. It cannot be used for any staking activities or as collateral in a conventional credit. Any attempt to withdraw the credit amount from the platform may result in legal actions and is the sole responsibility of the client.
9. Default: In case of non-compliance with the aforementioned conditions, the client will lose the right to the preferential credit rate and will be subject to market conditions.
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