1. What is WBF Pocket?
"WBF Pocket" is a financial product which helps to bear interest by holding coins. It is designatedfor stable users. WBF Pocket fully considered the user's risk preference to ensure the safety of digital Different financial plans have different lockup cycle and interest rate. After buying your favorite financial product, the principal will be locked and the interest will be calculated based on the agreed time. And the principal and interest will be returned automatically when due.
2. What currencies do WBF Pocket support?
At the moment, it support BTC and DUSD, but many more currencies will be available in the near future.
3. How to join the financial plan?
WBF Pocket is available now on APP end. You can download the latest version of APP on which click “WBF Pocket”- “Exchange account”. It is reminded that the funds in the exchange account should be transferred to the “Financial account”.The financial function is not available on web and H5 now, please look forward to it.
4. How to conduct fund transfer on the financial account?
Usersneed to transfer the funds of "currency account" to "financial account" before buying financial products; otherwise, if users want to withdraw asset, they are required to transfer the funds of "financial account" to "exchange account". The procedures are: log in to app, click “Funds” and “Transfer” button.
5. How to calculate the interest?
Interest-bearing rules: if the funds are transferred to WBF Pocket and the target is yet met at the end of the subscription, then the interest shall be calculated according to the specified period of the target. If the target is fulfilled ahead of time, the interest shall be calculated at 0:00 of the next day when the bid is fulfilled.
Interest= subscription amount * annualized yield rate/ 365 * term
Note: WBF Pocket adopts coin standard to distribute the interest and ensure that the principal and the number of coins will not have any loss, regardless of the rise and fall of the currency price. (i.e. if investing A, then the interest is also A.)
6. When will the interest be distributed?
The principle and interest will automatically arrive to the financial account when due. You can check it in “Financial record”.
7. Does WBF Pockethave any individuallimit?
WBF Pocket will adjust the limit of individual subscription and the total quota of regular projects according to the actual operation and risk level of the market.
8.Do users need to complete KYC to join financial plans?
WBF Pocket is only limited to users completing primary KYC. Before buying any financial products, users are required to complete primary KYC, and bind cell phone or Google auth in the security center.
9. What is the novice standard?
WBF Exchange will launch financial products marked as "Green hand" for users who subscribe financial product for the first time. This product is limited to fresh hand users. If you have already purchased financial products, then you cannot buy them.
It should be noted that "first subscription" refers to the user who subscribed financial products of "WBF Pocket" for the first time, rather than the newly registered users. If A has registered on December 1, 2019, but has not subscribed to the financial products of "WBF Pocket", then A was in line with the subscription requirements of the novice target.
10. Can users quit WBF Pocket ahead of time
WBF Pocket financial products do not support early exit at the moment.
11. How to check your interest?
Log in the account, click “WBF Pocket” button and "financial record" in the upper right corner of the page to view the details.