- What is the difference between BiKi Lending and other lending products?
BiKi Lending is a platform for digital asset lending services, which is different from the C2C lending services of other platforms. Assets are more secure, lending is faster and more convenient, and more widely used.
- What type of digital asset can I use as the pledge?
At present, the platform supports BTC, ETH, EOS. Please refer to the Lending Page for the specific type of assets to be used as the pledge. The platform will continue to launch more digital assets to meet the lending needs of the users.
- What type of digital asset can be loaned?
Currently the platform only supports the lending in USDT. For specific details, please refer to our Lending Page.
- What is the limit on the loan tenure?
Currently, there is no restriction on the loan tenure, but if the borrower fails to make active repayment, the loan will remain in an open status and the interest will continue to accumulate.
- What is the limit on the loan amount?
Minimum 1000USDT per loan up to a maximum of 50W USDT.
- How is the interest rate calculated?
The interest rate is determined by the platform’s operating costs and market conditions. The actual interest rate will be specified on the Lending Page. After the loan application is successful, the interest will be paid to the platform once on the day of borrowing. The second interest will start to calculate from 00:00 on the next day and so (if the loan is successfully made at 23:59 on the day, interest will be paid once, and after 00:00 the next day, it will be included in the new day interest).
- How is the pledge ratio calculated?
The pledge rate is the ratio of the loan amount to the pledge amount. The platform sets a fixed pledge rate requirement according to the type of digital asset. The actual pledge ratio shall be specified on the Lending Page.
- Repayment and interest payment methods?
Repayment only supports the same digital asset of the lending asset. If USDT is lent, the repayment in principal and interest shall be repaid in USDT only. During the loan tenure, the interest will be accumulated daily, and the principal will be repaid first before interest is paid.
- What is the repayment time?
The interest shall be calculated on the basis of one day for less than one day.
- What should I do if the price of pledged asset collapses?
In order to protect the assets of both Borrowers and Lenders, different pledge ratio and pre-warning alert are set for different digital assets. When the pledge falls below the pre-warning ratio, the platform will remind the borrower to increase the pledge. If the pledge has not been increased below the liquidation line, the platform system will automatically close the positions to ensure the security of the loaned funds.
- Does the platform support margin call?
During the borrowing period, the borrower is allowed to make payment or increase their pledge in advance to effectively ensure the security of the borrower’s pledge assets
- Is there any requirement for lending?
To ensure the borrower's assets are safe, prior to the lending, the borrower must complete real-name authentication and bind Google Authentication for their account first. This will also facilitate for repeated lending in future.