Announcement on the launching on Topcredit On-chain Earn regarding USDT

Dear Topcredit Users:

Topcredit will launch an USDT on-chain earning product on November 29, 2024, at 20:00 (UTC+8 ).

Details of the products can be found in the table below.

Product	Product quota	Estimated APY	Subscription period	Lock-in Period
On-chain earning-USDT	5 Million	24%	November 29, 2024 – December 2, 2024	26 days
On-chain earning-USDT	5 Million	20%	November 29, 2024 – December 4, 2024.	116 days

 

 

Subscription 

To stake ETH or USDT on On-chain Earn, follow the instructions below: 

On browser: Navigation bar > Earn > Earn > Quant, search ETH or USDT and select subscribe 

On the Topcredit app: Earn > Earn > Quantitative, search ETH or USDT and select subscribe

• You need to participate in the subscription during the project subscription period. After the subscription period is over, you can no longer participate in the subscription. Please see the project information table for the subscription date;
• After successfully participating in the subscription, you will not be able to cancel the subscription.

Earnings 

• Under normal circumstances, after the lock-in period ends, the system automatically distributes principal and interest to your account;
• Under normal circumstances, your income will be calculated based on the lock-in peroid and expected annualized rate of return;
• Due to force on-chain majeure factors, the products you subscribe may be terminated, canceled, or redeemed in advance, which may affect your principal and interest.

Redemption

• After successful subscription, early redemption is not supported;
• The redemption date in the product is the estimated redemption date. Actually, the system will automatically issue the principal and interest after the lock-in period. If an abnormal  on-chain event occurs, the redemption period may take 1-30 days; (Abnormal situations include but are not limited to on-chain congestion, on-chain contract attacks, hacking incidents, etc.)
• Redemption under special circumstances may cause a loss of your principal; (including but not limited to on-chain contract platform vulnerabilities, on-chain project parties running away, hacking incidents and other on-chain force majeure events).

Disclaimer

• Regarding On-chain Earn products, as the Stake mechanisms for different projects may vary, it's important to carefully read and understand the mechanism rules for each project before subscribing. These rules include, but are not limited to, the minimum redemption amount, interest accrual start time, reward distribution time, principal redemption period, and expected annualized earnings.
• Your participation in the project means entrusting Topcredit to carry out on-chain staking project activities, and Topcredit will stake on-chain tokens in accordance with the project plan.
• Topcredit will extract a certain percentage of fees from users, for detailed fee information, please refer to the product introduction page.
• Except for project launch and return distribution, Topcredit assumes no responsibility for disputes over any agreement, hacking incidents, project fraud, and other risks that may result in asset loss for the subscribers.
• Other force majeure factors are not within the scope of Topcredit's responsibility.

Q & A

1. What is On-chain Earn?

Topcredit On-chain Earn are products that help our users to participate in on-chain earning opportunities. By staking on the Topcredit on-chain earn, we select high-quality staking on-chain platforms to provide you with higher income options.

2. What is the principle of On-chain Earn?

Topcredit will entrust the products you subscribe to to the on-chain staking platform or equity staking network, and you will receive rewards for participating in the project.

3. What are the common on-chain risks?

Contract vulnerabilities, hacker incidents, project party business termination, bankruptcy and other issues are common on-chain risks. Topcredit selects high-quality on-chain platforms for you to avoid most on-chain risks, but on-chain risks are force majeure factors , you need to know and acknowledge it.

Thank you for your continued support. We will be launching more new On-chain Earn products in the coming weeks. Stay tuned for more information.

Sincerely,

Topcredit Team

November 29, 2024

Topcredit Int official website: https://tope.com
Topcredit Int APP download: https://download.tope.com
Topcredit Int Telegram English channel: https://t.me/topcredit_Ann
Topcredit Int English Community: https://t.me/Topcredit_Int_GroupEN
Topcredit International H5 site: http://H5.tope.com
Twitter: https://twitter.com/TopcreditEx
Medium: https://medium.com/@Topcredit_International

Topcredit Int has always valued compliance obligations, adhering strictly to relevant requirements of regulators worldwide, and we ask that you comply with laws and regulations of your country or region.

Topcredit Int reserves the right to modify, change or cancel this announcement at any time and for any reason at its sole discretion without prior notice.